Hi,
I would like to know what’s the norm in pay increase if your grade is increased? (Or there’s no such norm)
I’ve been working for more than 8 years with the same employer and there’s always been about 3% increase annually. I was under the impression that with grade increase (and obviously more responsibilities) it would be closer to 10% but 4% was all I got.
Employment Grade and Salary Increase
atali on 15/07/2018 - 01:37
Comments
Check out the salary guides that get out out each year.
If you've been getting a 3% increase over the past 8 years then you were probably getting paid close to the starting salary of the grade above you.
Read your enterprise agreement
about 3% increase annually
You’re ahead of the pack if you’re averaging 3% p/a.
http://www.abc.net.au/news/2017-11-15/wage-price-index-novem…https://d3fy651gv2fhd3.cloudfront.net/charts/australia-wage-…
http://workplaceinfo.com.au/payroll/wages-and-salaries/histo…
to be honest I was well behind the pack when I started 8 years ago - way below market rate at the time - so it has gradually started to pickup but still looks like I’m behind (by 6-7%)
Back to the point I just needed to know if grade increase generally would also mean a jump in salary (as there’s definitely jump in responsibilities amount)
The common misconception in pay is what you think you are worth is always different to what your employer thinks you are worth.
Ain't that the truth.
With that said its very difficult for someone to mature oneself to get to a point where you are actually worth more. Especially when most people are expected to work full-time/overtime whilst usually paying money to work another fulltime activity in earning those skills. This applies to most people across a wide range of industries, which is why things like Apprenticeships (trades) and on-the-job learning are actually great.
Depends on industry and employment contract structure