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Old 7th Apr 2010, 03:45
  #21 (permalink)  
Wizofoz
 
Join Date: Jun 2001
Location: Boldly going where no split infinitive has gone before..
Posts: 4,789
Received 45 Likes on 21 Posts
They like people who don't understand that they lost more than last year's 3%. This year your percentage pay rise would've been based on last year's salary level AND the last year's 3% increase. This is known as compound interest, my friend.
1.03*1.03= 1.0609.

So, if we get 6%, we have been short changed .09%.

On my base thats 367 DHS for the year.

Hardly the end of the world....
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