Salary question

hama96

I've been in my current job 18 months but I've a feeling I'm due a pay rise, but what sort of increase I'm not so sure of. I guess it's not normal to work out your salary as a percentage of sales, but mine works out to be roughly 6% (working off the gross figures here). And the only other person in the company is the director, so the payroll just consists of me.

Any advice welcome, thanks.

stefanovich

18 months seems long enough to be thinking about an increment as long as you are doing a good job. I'd say start the conversation with your boss. Without knowing the nature of the work or your current salary it is hard to know what would be a good %. I would say research salaries for similar roles for people with similar experience and work from there??

bmwguy

I am the accountant/analyst for my company (well, 2 companies one in Ireland and one in uk that do the same thing). In both, wages and salaries are in the region of 40% of sales. 70 employees altogether. Of course we have purchases of stock, rent, vehicles, insurance, electricity etc after that. Everything is different though, we have quite a high margin on our sales and we do sell labour, so 40% suits us and we are profitable. In low margin environments, 6% could be a huge strain on resources.

hama96

We work off margins in the region of 50% (we're wholesalers) if that's of any use. I had a slight increase last year (barely worth mentioning) but this is the first time I've looked at the figures and thought that we're bringing in a lot of revenue but not spending all that much on wages (or a wage should I say).