Salary increases

[Elax]

I'm not looking for a big increase, just something to help out with inflation. My youngest is starting primary school next year as well that's going to make another dent...

 

[FlashSA]

During the 6 years in which I was in the IT Industry, I only received inflation related increases - Only when I moved jobs did I get a decent jump in salary but the changing jobs thing became tedious.

I then was offered a spot in the family business and left IT completely. I have worked hard and am now manager in line to own the business one day and have been rewarded greatly along the way.

I am very greatful to be semi self employed, as in, when I get my butt off the chair it is for me and not just for a boss \ shareholder!

 

[geezer]

I received a ±9000% increase in salary since I started my employment at my current company almost 31 years ago.

 

[Mike Hoxbig]

I received a ±9000% increase in salary since I started my employment at my current company almost 31 years ago.

I wonder which company in Sasolburg that would be...

 

[geezer]

I wonder which company in Sasolburg that would be...

Got you stumped, hey?

 

[Jehosefat]

14% this year, and a 50% bonus.

 

[Mystic Twilight]

14% this year, and a 50% bonus.

Stop showing off your bonus Jeho .

3%

 

[Modeus]

I'm not looking for a big increase, just something to help out with inflation. My youngest is starting primary school next year as well that's going to make another dent...

Also my biggest worry.

 

[semaphore]

7% on a (ball park)55K+ salary., and 100% bonus last year.

 

[Hamster]

17% but I did start working on another project with better hours, traffic and just all round better quality of life. Bonuses will in all likelihood be a lot (a **** load actually) less so it nullifies my increase really... but I'm OK with it. No amount of money is worth loathing going to work everyday

 

[semaphore]

17% but I did start working on another project with better hours, traffic and just all round better quality of life. Bonuses will in all likelihood be a lot (a **** load actually) less so it nullifies my increase really... but I'm OK with it. No amount of money is worth loathing going to work everyday

Until they make you go back

 

[Hamster]

Until they make you go back

**** that If I have any say in the matter I won't go to that project again. Learnt all I could from it and nothing left there for me really (and working off site is great because the office location sucks balls with traffic and all). Although I really don't want to leave the company :/

 

[semaphore]

**** that If I have any say in the matter I won't go to that project again. Learnt all I could from it (and working off site is great because the office location sucks balls with traffic and all) although I don't really want to leave the company :/

But don't you wanna be on team awesome ?

 

[Hamster]

But don't you wanna be on team awesome ?

Don't get it wrong - that team (the rockstars anyway) can build pretty much anything and I do miss working with some of them. Just not on that project

 

[bromster]

Our last 4 year negotiation was for CPI+1% for the first 2 years, thereafter CPI% for the other 2 years. In addition to this, we have tiered salary bands which increase your salary every year as you gain experience. Then we usually get in the region of a 13th cheque for doing arbitrary extra stuff around the workplace.

 

[Modeus]

7% on a (ball park)55K+ salary., and 100% bonus last year.

Let's use this one as an example. Someone tell me if my reasoning is wrong please.

A 7% increase for 2013, where CPI was at 5.77%. So, a "gain" of 1.23%. However, the increase is gross, before tax.
Tax is like 35% or something. So, even with a 7% increase, you're not maintaining.

No?

 

[semaphore]

Let's use this one as an example. Someone tell me if my reasoning is wrong please.

A 7% increase for 2013, where CPI was at 5.77%. So, a "gain" of 1.23%. However, the increase is gross, before tax.
Tax is like 35% or something. So, even with a 7% increase, you're not maintaining.

No?

Yes tax is painful, very much so. But i got 10% last year.

 

[Modeus]

Our last 4 year negotiation was for CPI+1% for the first 2 years, thereafter CPI% for the other 2 years. In addition to this, we have tiered salary bands which increase your salary every year as you gain experience. Then we usually get in the region of a 13th cheque for doing arbitrary extra stuff around the workplace.

Yeah, this is exactly what I'm talking about. CPI based increases are not OK in my mind.

 

[semaphore]

Don't get it wrong - that team (the rockstars anyway) can build pretty much anything and I do miss working with some of them. Just not on that project

That is the problem with that company and that project, they cause segregation among each other.

 

[Hamster]

Yeah, this is exactly what I'm talking about. CPI based increases are not OK in my mind.

Bare in mind that SARS raises the income tax brackets every year so you pay less tax on the same amount as the years go on. But you're right - CPI increases are BS (and this goes for miner and metal worker salaries too - those guys actually earn **** all)