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Salary increase
- Thread starter marco79
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- salary increase
Sonic2k
Executive Member
- Joined
- Feb 7, 2011
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No real increase.. last year it was like 1%... 13th check was very little aswell...
Looking to make a move, am also tired of this kark.
Needless to say the workload has increased very much... so it's just not worth it. There are other reasons but I am not taking the risk of mentioning it online where boss can find it easily.
Looking to make a move, am also tired of this kark.
Needless to say the workload has increased very much... so it's just not worth it. There are other reasons but I am not taking the risk of mentioning it online where boss can find it easily.
Shake&Bake
Party Liaison
Ours is only applicable in July of each year.
From 2012 our performance bonus, which was normally applicable in December will be shifted to March of each year, due to our new American parent company.
rpm got more mods then to help you out?
From 2012 our performance bonus, which was normally applicable in December will be shifted to March of each year, due to our new American parent company.
No increase but I get to work less which suits me fine.
rpm got more mods then to help you out?
the1lumpster
Well-Known Member
mmm, i think im being screwed, i gotta "pay" for my own 13th cheque, so hence an extra 2k off my salary every month and i pay for the tax on that every month, so not great on a month to month basis but when i got it last month, was pretty nice... but no increase this year, still gotta ask why not, but feeling a lil ripped off, specially when i work from 6:30am to 7pm, not counting any weekend work i put in... over worked, under payed! 
mmm, i think im being screwed, i gotta "pay" for my own 13th cheque, so hence an extra 2k off my salary every month and i pay for the tax on that every month, so not great on a month to month basis but when i got it last month, was pretty nice... but no increase this year, still gotta ask why not, but feeling a lil ripped off, specially when i work from 6:30am to 7pm, not counting any weekend work i put in... over worked, under payed!
So, your company is holding your R2 000 / month, putting it into an investment account that generates 6-7%, then giving you the money at the end of the year. Hmmmmm.
Wouldn't it be simpler to get your R2000 / month, pay tax on it and then invest it into a good investment as savings, get 5-8% on it and then having more at the end of the year?
satanboy
Psychonaut seven
Average 5.5% for the company depending on appraisal...will know next month.
Sounds like a con story to me.
Bona Botse
A little insight goes a long way
got a 41% increase in take home pay
Happy with my 8.9%. Never understood why people *expect* inflation beating increases year after year if they're still doing the same job. Don't know how that applies to the posters here though.
My family overseas don't get squat unless they ask for and motivate it. Bonuses are common enough, but annual increases are not.
My family overseas don't get squat unless they ask for and motivate it. Bonuses are common enough, but annual increases are not.
SeRpEnT
Executive Member
The current inflation rate of "3.7%" is a joke! Its based on a basket of goods (propably basic sh*t like mieliepap and bread) but does not take into account MASSIVE electricity increases and MASSIVE petrol price increases amongst others. These costs form a big part of many a South African's monthly expenditures...
marco79
Expert Member
I would say I'm happy with my 7%, although I didn't get a bonus in December. The other guys in our company received between 20% and 60% of their monthly salary as a 13th cheque in December 2010.
Hmm I havent decided what my increase will be this year.. We're doing good so I'm thinking maybe 15% 
. Haven't had a bonus for 5 years tho...
Anyways, we just gave a 20% increase to one of our staff.. 10 to another and the buggers that stole from me a few months ago are getting niks.
. Haven't had a bonus for 5 years tho... Anyways, we just gave a 20% increase to one of our staff.. 10 to another and the buggers that stole from me a few months ago are getting niks.
Quey_Quick
Expert Member
I think you work @ the same bank I do....Jiis 6.7% increase and a bonus of 3.4% of annual salary.
Some organisation allow you to keep a percentage of your salary back and pay it out in December. But my thoughts is that the company is holding on the money, they are scoring out of the deal. If you are disciplined enough, you can rather put that money into an investment that can generate additional income. And if you have survived without the R2000 / month over a year, rather keep on saving.
I think its difficult in IT.
Because when you start somewhere, you are usually bare minimum for the position..
you then grow, study, learn quickly etc.
18 months down the line, you are good at your game, but your company is still paying you what you started on (or the small annual increase), when market related for what you know is much much higher.
Companies struggle to bridge this gap, and dont realise how fast you can salary jump in IT. So they end up training their staff, only to have them leave because they wont pay market related.
Messugga
Honorary Master
I'm from the Freestate originally, and in the last 5 months, I've more than tripled my salary. That being said, considering my experience and what guys are apparently earning straight out of varsity, I'm still quite underpaid. I guess I should be patient, but there's no way I would've climbed the salary scale as quickly as I did recently if I didn't switch jobs, and that's something that I'm not exactly happy about as I'd like to settle down for 3+ years in a company where I can grow and they reward me appropriately Hopefully the latest employers are that company.