How much % do you receive in annual increase and discretionary bonus?
My employer is really bad and low level employees hardly get anything though work really hard and long hours. All Senior Managers are not highly paid but also get heavy bonus irrespective of the company's performance.
Lucky you.
Here it is 3% annual increase with 3% bonus.
Counter lunch and Tap beer at christmas break
yeah similar …
every Easter (it's the 1 day of year which we all have off together - work in transport).
we all visit a pub +++ work puts in $300+ tab to pay for drinks/meals.
aside from that, occasionally - Team Leader will buy Maccas/HJ's on a sat (then reimbursed) … a sort of team bonding thing.
As to CPI/etc … we are on an EBA (which kinda sucks … as we collectively as a group, bargained away some sweet deals some 4+ years ago) … work in a mine-related industry … so many years ago, work wrote into the EBA some terms (extra $$$) to try to keep ppl from going up north.
We used to get what was called "long serving employee allowance" … for EVERY year that you worked with the company, used to get XXX $$$ more in your pay EACH and EVERY week.
EG.
2 years == $150/week extra pay.
5 years == $300/week extra pay !!! :) :)
I think it was capped at a certain $$$ amount after 8 years consecutive work.
Sadly … the majority of employees then voted to take a payout (something like $7000) … to then wipe this clause from our EBA … Short sighted ppl.
That was nothing compared to a place I was. Union pushed for uncapped redundancy and after 2 rounds of rejection there was a talk on strike but third round people chickened out thinking employer gonna slash agreed payrise by 1-2% and paid lunch. Less than 2 years later they closed the site. I was flabbergasted when people walking away with $70k happy and forgot they could've got double that. I wasn't losing anything but still, people has short memories.
Yup, my mom slipped me a cool hundy at xmas dinner.
I totally misread that
3-5% annual increase. 12.5% bonus
Centrelink payments will go up.
Social services payments are indexed regularly to keep them in line with inflation — based on changes to the Consumer Price Index (CPI). This time, it's going up by 6 per cent.
irrespective of the company's performance
So whats the KPI for senior managers?
To add some context, i think you should at least state the industry. If you say hospitality, then I can understand that this is the current norm. If you say you are in Tech then, I would be wondering what the hell is going on.
CPI increases each year… last 10 or so years we all got a $5k bonus… this year, $0. No explanation, no notice, nothing. Oh well, time for a new job. :)
No KPI? Completely discretionary by the owners? If that is the case, then time to move to a better company
Not everyone has to deal with kpi.
Then how do you know what is part of your annual compensation? If this portion is not stated in your contract, then you dont assume you will get anything. So $0 bonus is within expectation.
Then how do you know what is part of your annual compensation?
I get paid per hour. I multiply that by the number of hours I
work. If I get more than that, that's a bonus.
@brendanm: Same. I get paid for the hours I do. I will NEVER work salary ever again. 38h/week turns into 40, that turns into 44, that turns into 48 and eventually 50+> I'm happy to do the hours, but once I get past 40h/week, I better be paid for any extra work I do and be paid at an O/T rate.
And a bonus is literally a "bonus". We are not promised it in any paperwork, the boss just hands it out as a thanks for the year. No one plans on it coming in, so it's nice when we get it.
No
3.5% this year, 3.5% last year. Can be as unproductive as you want
Gov life.
Only way is to jump sideways and get pay increases.
Federal MP's only got 4% pay rise this year, poor things.
But then their base salary is now $225,000
No wonder so many of them are cranky about the changes to Stage 3 tax cuts
Around 5 to 7% annual increase on a good year, last year not so good so only 4% boo!
Annual bonus is roughly 15% of my salary.
About 7.5% personal performance and 12% company performance bonus
Annual increase was only 2% though
0% bonus here. 3-4% annual increase.
Up to 5% annual bonus, but only got 2.5% due to, "company isn't doing well". CEO did great for their metric though and got big pay. I did get a 11.11% wage increase, last year. Not expecting that again, ever.
I started here in October 2021, was given a couple hundred bucks as a Christmas bonus that year.
Have received nothing since.
No pay increase (Short one one I fought for, knocked back upon later attempts), no bonus.
11% increase p/a for last 2 years, no bonuses
I just received my outcome last week.
3% increase and 18% of annual salary as bonus ($24k).
Past 3 years have been consistent.
18%? which industry? IT?
Business Strategy for 2nd tier bank
A firm handshake and a $25 gift card
CPI the past 3 years so about 10% in pay rises and bonus past 3 yrs, $15k and share options each yr. This yr i think this might be less.
Bonus around 4% of salary, and yearly increases usually around 4% also. July 2022 increase was 7.5%, sweet! Back to standard in 2023 though.
No pay rise cycle in contract and no bonus.
Had a 10% target, got about 8% last financial year, for this year onwards they’ve just increased our pay by 10% and no more bonus.
3-6% annual increase.
10 or 20% discretionary bonus.