Salary increases for 2013

kripstoe

kripstoe

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Not sure if I have missed a thread about salary increases for 2013 somewhere.

So, get one?

Taking inflation (let's say 5.7%) into account and also the additional tax if you fall into a new tax bracket. What's a fair increase (percentage wise) in real terms?

I am being vague with regards to industry on purpose. :whistle:

Edit: not "new tax bracket". Just the tax increase that comes with an increase.
 
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Should it be in April? When is financial year end? Should be around 10% minimum or you should resign.
 
There's no correct answer to this. If you feel your amount was short of what you deserved, take it up with HR. Otherwise, suck it up like the rest of us chumps :p

I'd say over 7% is alright. 10%, well I've never had that. Somewhere between those numbers is the bulk of employees.
 
anything over 7% is a bloody good increase in the private sector if you ask me.
 
gregmcc said:
10%? Does anyone here get 10%??!!
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Our nanny does.

I would also not accept below 10% as this is going to be a killer year. Just remember we have a dual inflation rate and the government official one is more true for lower income earners. We need to add 3-4% to their rate.

But my salary has increased by 140% in the last 2 years so no complaints ;)
 
10% .... that's dreaming. I work for a massive IT company and their increase are absolutely horrendous. Except if you're management.
 
cbrunsdonza said:
Our nanny does.

I would also not accept below 10% as this is going to be a killer year. Just remember we have a dual inflation rate and the government official one is more true for lower income earners. We need to add 3-4% to their rate.

But my salary has increased by 140% in the last 2 years so no complaints ;)
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+10%
 
Also, thinking about it now. Increases on cash portion only, or cost to company (CTC) amount? The last time I had benefits was with my first company.
 
kripstoe said:
Also, thinking about it now. Increases on cash portion only, or cost to company (CTC) amount? The last time I had benefits was with my first company.
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Considering that your pension etc deductions are (or should be) calculated as a percentage of your CTC, you can't increase cash portion only without increasing the other bits as well.

Also, tax bracket? That has zero impact. You don't suddenly get taxed at a higher rate on your entire salary, only on the portion that is above the threshold.
 
If they offer me anything lower than inflation I'm going to speak up...failing which I'm packing my bags.
 
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