Somehow related to HP Calculators

[albertofenini]

Hi

(01-05-2022 07:42 AM)EdS2 Wrote:  If you give the same raise every year, the salary goes up linearly. If you increase the raise linearly, the salary will go up quadratically. This just might be sustainable for the business. But if you increase the raise each year by multiplying it by a constant, now the salary is exponential. This is famously not sustainable in the long run!

I do like Albert's approach: by looking at pairs of years, the staircase of salary increases now looks like a straight line, and everything is easier.

We need to come up with smart ideas if we don't want to see people going somewhere else,
the point is that the taxation is so high that for both the employer and the company is not worth,
every € of raise goes in taxes for more then 50%

A note on vocabulary: a bonus is not (in UK English) anything like a salary increase. It's a one-time payment. As such, it is a variable reward which doesn't commit the company to ever-increasing costs. And, ideally, the salary as such - the base salary, without the bonus - is enough for the employee to feel comfortable. The bonus is optional, and in tough times the bonus may disappear.

Thanks, I always like to improve my vocabulary, the meaning is pretty much the same here,
a bonus is a una-tantum and can be denied the year after, a pay raise is for all your career

A note on Italian employment: I had an understanding that in Italy the employees are paid 1/13 of their annual salary each month. At the end of the (calendar?) year, the 13th payment is paid, which allows it to take into account any complicated taxation or other deduction, and also allows it to act as a Christmas bonus - even though everything could, in principle, be figured out with 12 equal monthly payments.

This is not equal for everyone, it depends on your type of contract, there are contracts that have 14 payments, the 14th
nearly at the end of June, the 13th before Christmas and contracts that have 13 payments, but there are
also contracts with even more payments, typically people working in banks have those, but its not that
because of that you earn more, once discussed you total salary, based on the type of contracts you may
have different number of payments.
As for the day, here it's usually at the end of month, the important thing is that payments are on a regular base


Another calendrical oddity: while it's normal for salaried people in the UK to be paid monthly, sometimes the payment is (or was) made on a specific day of the week, which means the employee who thinks in terms of weekly budgets now needs to consider the 4 week month and the 5 week month, and budget accordingly.