Pay increases & perks.

[Skids]

So obviously there's a lot of talks around; inflation, wage increases, interest rates etc and tax return time is almost upon us once again.

In the mining sector we have performance review/salary increases every financial year. It's a process whereby you blow your own trumpet and rate yourself in four key areas; Lead, Care, Think & Perform. It's then rated by your supervisor, you have a discussion and from there your pay rise and STIP bonus is calculated.

Last year I was pretty happy with the 8% pay increase I received and the bonus, well, it's always a bonus to get one!
Labour shortages in the sector should see similar pay increases handed out this FY.

How do you go about negotiating a pay increase? Is it an annual conversation you have with your employer?

[KenH]

I sit down with myself and discuss if I can afford to pay myself more by charging my clients more.
My son works for me and we normally discuss pay rates twice a year to see what rates we can do for him, before him I had an employee and we did the same.

[stui magpie]

In my last long term role, I got an annual performance review, recently taking on short term roles I negotiate salary on commencement and again on contract extension.

In my current one I just got a 2 year extension with a modest increase (didn't ask for one) and will get a review in 12 months time.

[think positive]

i voted for negotiations, it goes like this: yes honey you can buy another car, ill be getting a 100-400mm L lens, second generation, new, not used!
Yes honey, you can get that one too, and ill be getting an R5!
(we are self employed!)

[eddiesmith]

We get a very modest, well below inflation pay rise every year. You also move up a pay point each year as long as you haven't been completely incompetent.

No room to negotiate, it's all set by EBA and government policies.

[Skids]

A lovely surprise today...

In recognition of the strong company performance over the past year driven by the outstanding work of our people, we will be paying a one-off Special Bonus. This bonus also acknowledges your loyalty and continued performance throughout a challenging COVID-19 environment.

That's on top of; STIP (August), Loyalty (September) & CPS (December) bonuses we already get.

Not bad coin. Sparkys (who are the highest paid trade) on a 2/2 roster with 5 years service are on circa $250k/pa.

[David]

Five years in the same job and my pay hasn't gone up by a cent. Working for a nonprofit in the arts is definitely a fast-track to wealth!

[stui magpie]

^

That sounds bogus to me.

I assume you're under a modern award, not an EBA, but even those get increases. Have you asked for one?

[David]

[stui magpie]

Just ask anyway. Sounds like you're being ripped off, small organisation or not.

[Skids]

Five years in the same job and my pay hasn't gone up by a cent. Working for a nonprofit in the arts is definitely a fast-track to wealth!

That sucks. My pay has increased over 20% in the same period.

[pietillidie]

Just ask anyway. Sounds like you're being ripped off, small organisation or not.

Yeah, you have to David. Even of you frame it as keeping up with the cost of living, which is the bare minimum you need to do for yourself even in a social org.

[stui magpie]

Five years in the same job and my pay hasn't gone up by a cent. Working for a nonprofit in the arts is definitely a fast-track to wealth!

That sucks. My pay has increased over 20% in the same period.

Mine has actually gone down, but that's because I chose to go for more operational roles and reduce my hours where I could. My current role is back in snr management but as it's a smaller place there's also operational elements. I'm earning basically the same as i got in my last role but that was full time and I'm now working a 30hr 4 day week . The hourly rate is close to what I was on 5 years ago but with far less pressure.

Works for me.

[David]

[stui magpie]

If you know they genuinely can't afford it and you enjoy working there, you suck it up. Job satisfaction is a far stronger retention factor than money.

But I'd still ask the question so you're sure and not just assuming. If they can't, they can't.