Was your salary increase enough?

5.5% backdated for 4 months (plus a full bonus this year).

Like Sly21c and Deezil I am grateful that I can put food on the table. The one advantage is that I have plenty of opportunity to earn extra cash (the sacrifice is I am away from home for months at a time when I do this) and this is what keeps me with my current employer.
 
I got 7.5% increase... Very happy because I know I could be worse off. At least here we are always guaranteed an increase and a bonus... So no reason to complain (yet)
 
Industry: Financial Services
Job Type: Professional (Junior level with university degree)

6% increase, translates into R800 per month net (after med aid increase, etc). Without any changes in my spending habits, I have less spare money than I had before increase.

Looking forward to a 1.5x monthly salary bonus in May next year, so not all doom and gloom.
 
Nope, my increase was pathetic. My salary is technically less for the next year than it was last year.
What I hate is that we had a range within which we could be given an increase, and the actual amount was left to the discretion on one individual, who had to make the decision before our performance reviews had even been done.

So yeah, not too happy at present. Am waiting to see what our bonuses look like.
I expect at least a 15% increase next year. If not, I'm gone.
 
I dont understand it when someone says they will wait for an increase next year before deciding to leave. Why not start looking now. I have absolutely no loyality to major corporations.
 
Sapcat said:
I dont understand it when someone says they will wait for an increase next year before deciding to leave. Why not start looking now. I have absolutely no loyality to major corporations.
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Your CV most likely reflects this as well. This is something that potential employers notice. Also remember that it is fine not to have loyalty but don't expect it in return. Some companies do deserve loyalty (as you can see from the above)
 
warchylde said:
Some companies do deserve loyalty (as you can see from the above)
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Ya I get that - its very seldom major corporations in my experience.

Also judging from the above, companies have no problem screwing over employees whilst being profitable and giving directors huge bonuses. By no means am I advocating jumping ship every 6 months, but if you being treated like cr ap, LEAVE.
 
Sapcat said:
Ya I get that - its very seldom major corporations in my experience.

Also judging from the above, companies have no problem screwing over employees whilst being profitable and giving directors huge bonuses. By no means am I advocating jumping ship every 6 months, but if you being treated like cr ap, LEAVE.
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Agreed.

Its funny how there are such massive double standards when it comes to employment.

They have no loyalty to you but demand absolute loyalty - for nothing.

Some small companies are quite loyal and good to their employees. But most of them, especially corporations, see you as just another tool to make them money.
 
Sapcat said:
I dont understand it when someone says they will wait for an increase next year before deciding to leave. Why not start looking now. I have absolutely no loyality to major corporations.
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Because everything else about my company is absolutely great. We get a LOT of perks (there was a thread about company perks a while back) and the people are great. I really love where I work and I actually don't hate what I do, either.

I could leave and go elsewhere, sure, and earn more, sure, but no other company is going to let me wear whatever I want, work semi-flexi hours, and let us have as much fun. Its less loyalty to my company than it is really liking where I work. We have had people leave. A lot of them either wish they could, or do, come back within 6 months because the "new place doesn't compare".
 
I got 6% in two years. :( Our company has seen 17+ people resign from March this year. That is just in the IT department which is about 50% of the staff. They don't seem to really care much though, no real interest in why people are leaving. They have this attitude that when someone leaves they are easily replaceable and were not really needed to begin with. When one manager was asked why this and that person left it's always something personal and nothing to do with the company. More than half of the people on my team are now contractors earning R450+ and hour... Suffice to say I'm starting my new job in Jan :D
 
my 2 cents...

I think company loyalty is firmly a thing of the past. The days of this are behind us. Everything/everyone is too money-driven in this current day and age. One would think that the smaller companies are more "loyal" to reward their employees, but this isnt so. Well IMHO. My dad got screwed over just recently coz they couldnt use their brains wrt expenditure the previous year, no he sits with a salary cut on an already very stingy salary.... meanwhile the people in charge are so rolling in, its actually a joke.

My side, im with a medium size company.. 100 people. We are given CPI each year, at least. The one year we even got 14% which was quite nice! :) This year I think we got 8%.

In this day and age one can simply be grateful to have a job :) nevermind about increases, perks, 13th and 14th cheques etc etc
 
Judging from the comments I have read so far, it's safe to say that on average the salary increases are small. It's also safe to say that people who comment here are competent and productive :D. So why do government and Cosatu affiliated employees want a large salary increase every year? Usually those employees are not as productive as us? :)
 
AniV said:
Because everything else about my company is absolutely great. We get a LOT of perks (there was a thread about company perks a while back) and the people are great. I really love where I work and I actually don't hate what I do, either.

I could leave and go elsewhere, sure, and earn more, sure, but no other company is going to let me wear whatever I want, work semi-flexi hours, and let us have as much fun. Its less loyalty to my company than it is really liking where I work. We have had people leave. A lot of them either wish they could, or do, come back within 6 months because the "new place doesn't compare".
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+1
I work for a massive corporation and cant even tell you who my boss actually is however, our CT branch is awesome and we are a closeknit bunch...we run a smooth ship and there is never any bad vibes. I got 5% increase last year which equated to about, haha, R215 extra on my take home pay. I do feel crap sometimes that I dont get recognized for work I do because Im just a number in a massive scheme of things but Im willing to overlook it just because I actually enjoy going to work. Plus we get some company perks, we get a double salary in december and our manager is very cool who never spends his days strutting around like he is someone important. I would say im loyal to my company in a generalized way but im MORE loyal to my colleagues and I dont plan to be leaving in any kind of hurry.

Besides, im very thankful for my job...being a high school drop out..i could be packing bags at shoprite! :D
 
14.7% salary increase. But I'm doing accounting articles, so we start low and catch up. Still is nice though.
 
Sly21C said:
Judging from the comments I have read so far, it's safe to say that on average the salary increases are small. It's also safe to say that people who comment here are competent and productive :D. So why do government and Cosatu affiliated employees want a large salary increase every year? Usually those employees are not as productive as us? :)
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That's because most people here on the forum are educated and qualified for the work they do. They can easily jump ship if they are not happy with the pay. On the other hand the COSATU affiliates usually don't have this option. They are stuck with that one company with industrial action as their main bargaining tool.
 
What peeves me off are "across the board" increases.
Giving everyone 6% isn't fair for those earning less.
A 6% increase on a R10K per month salary is MUCH less than a 6% increase on a manager's salary of R50K to R70K per month.
All it does is increases the wage income disparity and cheeses off the people who are battling on the lower end.
 
Been with this company over 6 years now, and a lot of good people have left (for various reasons), so there is an incentive to keep me. Hence my increase 6 months ago was 10%, and just got another 14%. (Then taxman takes more than 20%. >:( ) However 13th cheque is not guaranteed.

Just remember, if you are getting an increase of less than CPI (6%) you are effectively losing money, if you are getting exactly 6% you aren't actually getting an increase at all.
 
The_Assimilator said:
Just remember, if you are getting an increase of less than CPI (6%) you are effectively losing money, if you are getting exactly 6% you aren't actually getting an increase at all.
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It all depends on what you're spending your salary on.
If a large portion of your salary is used to repay a bond then below CPI increases can possibly still work out to being an increase.
If a large portion of your salary is used to purchase food and pay municipal bills then not even a 10% increase is going to work out being an increase.
 
Paul_S said:
It all depends on what you're spending your salary on.
If a large portion of your salary is used to repay a bond then below CPI increases can possibly still work out to being an increase.
If a large portion of your salary is used to purchase food and pay municipal bills then not even a 10% increase is going to work out being an increase.
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So I got my lowest increase to date this month..
15%.

Then again my first increase was 30% and it was less than the 15% increase I got now.

I moved out in the beginning of the year. The company was thoughtful enough to give me a 23% increase just before I moved out.
The first 3 months after moving out were hell.. I was always broke before the 10th of the month, but I very soon learnt that shopping between Checkers, PNP, Fruit and Veg city and our local butcher could save me about R1000pm.
Groceries now cost less than R1000 per month for my gf and I. We don't do takeaways more than once a week else it gets too expensive.
Luxuries are a thing of the past. No more PC upgrades, no Console, no new TVs, no new anything... Its taken 6 months to save for a holiday when just a year ago I could bank on my December salary.
What I've learnt is: Never move out of your parents house :P Pity my mom already has a tenant staying with her... no going back for me :)

I believe that any TVs, Radios, PC's, Gadgets, electronics, etc. should not be included in the CPI, as that drops it too much.
If it weren't for that, our CPI would probably be about 10-15%.

Life is so expensive... its a joke :\
 
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