Hi, what would be considered a fair salary increase percentage? Inflation related.
Hi, what would be considered a fair salary increase percentage? Inflation related.
As far as I am concerned a salary increase should be dependant on how long you have been with the company, how well you have performed in the company and how well the company is performing. A salary increase in today's times is not guaranteed (unless obviously it is written into your contract)
To my mind, inflation related as a bare minimum seems fair enough if nothing else has changed. However, a lot depends on how the company is going and the performance of the employee - if you're in a position to differentiate down to an individual employee level of course; really large companies often have problems in this regard.
I know of companies where you are paid to grade and that's it. No personal appraisal and no personal performance increment in there at all!
As an employer myself though, if I give anyone less than inflation +1% as an annual increase, I do call the affected people in to discuss the reasons behind this first before the annual increases are actually implemented. For those who have merited a larger increase, I've been inclined to surprise them.
I haven't had any complaints yet with this approach (although I suppose there's always a first time )
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Alcocks Electrical Services | Alcocks Pest Control & Entomological Services | Alcocks Hygiene Services
as far as i know [last month]
factors
transport 8.2%
petrol prices 22.6%
food index & non-alcoholic drinks 6.8%
clothing & footwear index 3.1%
goods & services increased 7.6%
housing & utilities 5.5%
education 9.0%
so yes DaveA give +1% ok but if you value someone +1.5 < 2.1 is fine
but consider performance bonus and see if you can help them with
SARS managing TAX saves money
here fishy fishy…
Thank you to all for the replies. Much appreciated.
Is a new contract needed with a salary increase?
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