Salary increases for 2013

GazWrack

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I work in management got 6% this year and the people in the bargaining unit got 7%.

6% is 0.3 higher than January's inflation rate but 0.1% below average inflation for 2012 so I can't complain since some people get no increases at all.
 
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Sinbad

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Problem is CPI is not reflective of my personal inflation experience :(
 

koeksGHT

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0 Christmas bonus, 0 increase for 2013.. and I basically earn just over minimum wage.
 

kripstoe

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Problem is CPI is not reflective of my personal inflation experience :(

That's exactly the problem I have with CPI. Looking at recurring expenses, and taking on no additional new debt or expenses in 2012 it does not make sense that CPI is published at 5.7%.

Maybe some clever person can elaborate in a new thread.
 

Suspect99

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Well I'm on a Eng grad programme. 6 monthly evaluations, and if you pass you get about a 7.5% increase. and there's also a yearly increase of about 7-8 %
 
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Kosmik

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That's exactly the problem I have with CPI. Looking at recurring expenses, and taking on no additional new debt or expenses in 2012 it does not make sense that CPI is published at 5.7%.

Maybe some clever person can elaborate in a new thread.

If you want to look at true CPI, look at the current strike agreements. Transport, +-10% a year for three years, that means EVERYTHING goes up :(
 

Superjakes

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Well I'm on a Eng grad programme. 6 monthly evaluations, and if you paas you get about a 7.5% increase. and there's also a yearly increase of about 7-8 %

I assume "Eng" is followed by "ineering" and not "lish" - using words like "paas" would not count favourable in the latter. :p

Our company might decide to give us salary increases this year. I have had one increase in the last three years and plenty of jobs were cut. Living is becoming damn expensive.
 

azbob

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Eish it's not looking good. Need to stop working for these NPO's.
 

Paul_S

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... anything on CPI is keeping your salary in line ...

No it's not.
You get taxed on the increase so you actually become poorer each year if you get CPI related increases.
Too many years of that and staff end up having to resign to look for better paying jobs.
 

krycor

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0% as a result moved somewhere cheaper to account for increases in med aid, life insurance etc. meh i need a proper new job already
 

Suspect99

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I assume "Eng" is followed by "ineering" and not "lish" - using words like "paas" would not count favourable in the latter. :p

Our company might decide to give us salary increases this year. I have had one increase in the last three years and plenty of jobs were cut. Living is becoming damn expensive.


Fixed. Yep Eng= Engineering. I blame SwiftKey 3 for my error btw. Its destroying my PC typing skills
 

KillerX

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Not everyone is worth a substantial increase year on year. If you are dispensable to your company (they could replace you with someone else in the same role without much effort) then don't expect a stellar increase (or one at all). If you know that when you walk out the door, ongoing projects or systems would ultimately suffer without you and it would take months to up-skill a new replacement, then you should push for a 10% + increase. Its all about knowing what you are worth.
 

reactor_sa

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Not everyone is worth a substantial increase year on year. If you are dispensable to your company (they could replace you with someone else in the same role without much effort) then don't expect a stellar increase (or one at all). If you know that when you walk out the door, ongoing projects or systems would ultimately suffer without you and it would take months to up-skill a new replacement, then you should push for a 10% + increase. Its all about knowing what you are worth.

****, but you have to get your management to see the same worth. Somehow.
How some companies get their market related figures I have no idea either.
 

Tinuva

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Not everyone is worth a substantial increase year on year. If you are dispensable to your company (they could replace you with someone else in the same role without much effort) then don't expect a stellar increase (or one at all). If you know that when you walk out the door, ongoing projects or systems would ultimately suffer without you and it would take months to up-skill a new replacement, then you should push for a 10% + increase. Its all about knowing what you are worth.
I have seen people let go, who are the only ones with knowledge in their department, or able to keep certain system going, so not sure if that really protects your job.

reactor_sa said:
How some companies get their market related figures I have no idea either.
I don't know about all, but I have actually seen our HR using reports from companies online, don't have the links to the .pdfs, but I know its available online, because by accident seen another employee looking at the very same reports.
 

Icarium

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No it's not.
You get taxed on the increase so you actually become poorer each year if you get CPI related increases.
Too many years of that and staff end up having to resign to look for better paying jobs.

Care to back that up with some actual maths?

Let's use a 30% tax rate.
If you earn R30k a month and pay R9k tax = R21k "out".
10% increase, it becomes you earn R33k a month and pay R9.9k tax = R23.1k "out" .
R21k -> R23.1k is a 10% increase of what you get out.
Unless all or part of that increase falls into a higher tax bracket, a 10% increase in your gross will result in a 10% increase in your nett...

I've never understood why people feel entitled to above inflation increases. Sure, depending on your field the first few years your productivity will increase, in which case so does your value and then it's not unreasonable. But just because you've been doing a job for 7 years doesn't automatically make you 3% or 4% more productive than when you'd been doing it for 6 years.

I work in IT - I've seen plenty of people price themselves out of jobs with the "I'm a hotshot - give me 15% or I walk" attitude. Quite a few of those leave only to come back, hat in hand 6 months or a year down the line. (And no, my company isn't stingy).

When it comes to normal, annual increases, we start out at inflation and from there it's a spread of about 2% either way.

Performance or promotion based increases are a different matter entirely, and handled outside of the annual increase cycle.
 

Paul_S

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Care to back that up with some actual maths?

If you get R20000 gross your tax is R 3113 leaving you with a net of 16887.
Let's assume that 60% (R10132) of your net is used for food, basic services (electricity, water, etc.) and fuel to support a family of four.
Subtract R10132 which leaves one with R6755.

Now assuming you get a "CPI related" increase of 6%:
Your gross increases from R20000 to R21200.
Your tax increases to R3432 leaving you with a net of R17768.
Food and basic services increases by 10% which means that the cost of living has gone from R10132 to R11145.
This means that you're left with R6623.
So you're essentially R132 poorer this year than the previous year even though you received a 6% increase.

Of course it all depends on what portion of your salary is used for living expenses and also the CPI basket weighting but real inflation can definitely beat CPI related salary increases.
 

Priapus

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Well, over the last two years, I have moved jobs twice due to being unhappy, I am now earning 40% more than what I was two years ago. In December of last year, I got a 13th check as a bonus + a 9% increase as of last month, so I am a happy camper - I also cleared two debts with that bonus, so I am better off these days, for now.

I vow never to get into debt again via clothing accounts, Game accounts or CC's - the interest rates just kill you!
 

Dolby

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I just received 8% ... and while I'd generally be happy, I'm not.

My main reasoning is the commission where I am. I've been giving an absolutely horrible product to sell and when it does, it's discounted to hell meaning no GP for the company ... and no commission for me. Another person gets a great product with decent margins and coins it every month - despite doing far less work than I do, less qualified than I am, being here less than I have etc. It just depends on how lucky you are with whatever product you're given :/

/vent
 
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