Salary increases for 2013

[IzZzy]

cant see why people strip a 10% increase down to like 1 or 2 %..saying 2% for this and 3% for that etc..
if your CTC goes up by 10%, then so does everything else.. your pension etc, your deductions etc.. and effectively your cash left at the end goes up that 10% as well.
we get an across the board "cost of living" increase, that is exactly on the inflation mark.
I'm happy.
we then get 2 chances per year to pitch for "performance based increases/promotions".
I'm happy with that too!

That seems very fair. My increases are also linked to performance.

 

[supersunbird]

That seems very fair. My increases are also linked to performance.

4th quarter last year my performance over benchmark was 214%, other 3 quarters were around 150%. Got a OK bonus (more company performance related in the end) and this lame increase. Dont know why I should bother again this year, its about what eveyone else in the same job function got too.

 

[Lukcydog]

exactly. You are clever fish. You'll get 10%.

LOL Abzo, I tried telling my employer that but alas "Take it or leave"...

 

[Lukcydog]

Good article in Finweek two weeks ago called "Beating the inflation bogey", I recommend you go find a back issue and read it, CPI is just a way of keeping wages down and companies excuse to give you a rubbish increase. For example: petrol price increase Jan12-Jan13 by 17%, and everything else will increase due to such a huge petrol price increase...

 

[IzZzy]

4th quarter last year my performance over benchmark was 214%, other 3 quarters were around 150%. Got a OK bonus (more company performance related in the end) and this lame increase. Dont know why I should bother again this year, its about what eveyone else in the same job function got too.

That is lame. Does your company not link performance to specific Departments etc?

 

[hellfire]

28% (but this includes a promotion). Last year, no promotion and I got 29%.

Similar for me

 

[supersunbird]

That is lame. Does your company not link performance to specific Departments etc?

Doesn't seem to. Like I said, I'm just going to relax now and meet/slightly exceed benchmark...

 

[Lukcydog]

That seems very fair. My increases are also linked to performance.

How is your performance measured? Our ratings are between 0 [poor] - 5 [Did standard work and met extended targets exceptionally well], and everyone in the company is a 3. We were told if we wanted to be a 4 we had to walk on water.

 

[IzZzy]

How is your performance measured? Our ratings are between 0 [poor] - 5 [Did standard work and met extended targets exceptionally well], and everyone in the company is a 3. We were told if we wanted to be a 4 we had to walk on water.

It's patently objective. Billable hours.

 

[Other Pineapple Smurf]

Good article in Finweek two weeks ago called "Beating the inflation bogey", I recommend you go find a back issue and read it, CPI is just a way of keeping wages down and companies excuse to give you a rubbish increase. For example: petrol price increase Jan12-Jan13 by 17%, and everything else will increase due to such a huge petrol price increase...

Agree

There was a lot of discussion last year about how we should look at CPI in this country. Reality is we have a dual CPI system. Our current CPI excludes items that many of use deem essential but include items that most of use don't purchase.

Our CPI last year was closer to 9% than the claimed 5%. Makes a difference to our pockets.

 

[supersunbird]

How is your performance measured? Our ratings are between 0 [poor] - 5 [Did standard work and met extended targets exceptionally well], and everyone in the company is a 3. We were told if we wanted to be a 4 we had to walk on water.

Like us then. Why bother trying to be 4 or 5 if you gonna be paid for 3 at increase time anytime.

 

[Mila]

I commend you for staying there so long. After the second year I'd have been out the door.

I have not had one call back from a company regarding my applications sent.
Lets not get emo, but it does make you feel down.

But hey as I have been told, shut up and smile you have a job

 

[Ou grote]

I have not had one call back from a company regarding my applications sent.
Lets not get emo, but it does make you feel down.

But hey as I have been told, shut up and smile you have a job

Because you're ginger?

 

[Gendibal]

I got 42% last year. Will probably get about 15% this year.

And looks like bonuses will be good too. Have to wait for march though

You must work for Eskom!

 

[Mila]

Because you're ginger?

 

[Dolby]

EDIT : I'm only teasing you

 

[Mila]

View attachment 43902

EDIT : I'm only teasing you

 

[reactor_sa]

4th quarter last year my performance over benchmark was 214%, other 3 quarters were around 150%. Got a OK bonus (more company performance related in the end) and this lame increase. Dont know why I should bother again this year, its about what eveyone else in the same job function got too.

Same problem, year on year...

 

[whipper]

You must work for Eskom!

+1 or maybe even in the DOC with Dina and friends

 

[Cius]

Back at work after a 3 week break. The boss smsd me my bonus and raise amounts while I was at the coast. Bonus was about 2x my monthly salary which is great and the raise was the standard 5.7% one so CPI related. About what I expected for the raise, very happy with bonus.