What percentage of your salary do you spend on rent?
#32
Re: What percentage of your salary do you spend on rent?
I hate all in packages as I think you lose both ways, they will keep your allowances high to keep your end of service benefit payment low and also you have to chase around all the bullshit to get a house, utilities or car etc.
I would take a 10% or more cut on the allowance rather than have to do all that stuff myself.
#33
Account Closed
Joined: Feb 2011
Posts: 0
Re: What percentage of your salary do you spend on rent?
Believe me I understand the concept well, I was just pointing out that higher allowances are not to the detriment(or gain) of my salary as I negotiate them separately with two different sections.
I hate all in packages as I think you lose both ways, they will keep your allowances high to keep your end of service benefit payment low and also you have to chase around all the bullshit to get a house, utilities or car etc.
I would take a 10% or more cut on the allowance rather than have to do all that stuff myself.
I hate all in packages as I think you lose both ways, they will keep your allowances high to keep your end of service benefit payment low and also you have to chase around all the bullshit to get a house, utilities or car etc.
I would take a 10% or more cut on the allowance rather than have to do all that stuff myself.
Single status blokes love an all-in to be able to live cheaply and no waste a big housing allowance that they don't get to touch.
Swings and roundabouts if you work for a company that does 60% as the basic. A lot take the piss and have stupidly low basic salaries to avoid the EOS payment as you say.
I look at the gratuity as a bonus, nothing more, nothing less. Buy my salary means it's not a lot to cry about - your's probably equates to some tidy figures mate!
#34
banned
Joined: Oct 2008
Posts: 7,611
Re: What percentage of your salary do you spend on rent?
Cause I'm worth it....
#37
womble
Joined: Sep 2005
Posts: 2,675
Re: What percentage of your salary do you spend on rent?
From the money tree....
Let me break the bad news to you, all those 'benefits' and 'allowances' you have to earn for your employer to pay them out on your behalf. It's an accounting entry name difference only, but at the end of the day your complete package is your salary. This is what you make whatever name is put against this entry in your contract.
Let me break the bad news to you, all those 'benefits' and 'allowances' you have to earn for your employer to pay them out on your behalf. It's an accounting entry name difference only, but at the end of the day your complete package is your salary. This is what you make whatever name is put against this entry in your contract.
I negotiate my salary as my take home pay. The company pays for a house of a suitable standard and location and utilities on top of that.
#38
Re: What percentage of your salary do you spend on rent?
Interesting spread.
Now I want to know how much everyone earns!
Now I want to know how much everyone earns!
#40
Banned
Joined: Mar 2012
Location: Jeddah, KSA
Posts: 822
Re: What percentage of your salary do you spend on rent?
I am not disputing where it comes from, I am saying that the two don't aggregate for me, I can have a higher or lower salary and it will not affect the rate they will give me for housing.
Its not like if I get a lower salary they will give me a huge housing rate or vice versa.
The post I replied to mentioned if I didn't have a housing allowance I would earn more, not true in my case.
An dtuigeann tĂș ?
Its not like if I get a lower salary they will give me a huge housing rate or vice versa.
The post I replied to mentioned if I didn't have a housing allowance I would earn more, not true in my case.
An dtuigeann tĂș ?
For the employer the total cost of your employment includes all benefits which are a part of your package. I know that because we do it the right way when we account for direct labour cost. It's all costs related to your package and it should account for basic, bonus and all benefits like end of service, etc. This is how we determine how much we can pay someone for the employment to make sense to the bottom line. If it's not done this way, then the cost of your employment is not properly accounted for.
On the employee side, every benefit has a market value and this includes the rent of the house, airline tickets, medical, bonus, basic, the whole lot. This is what you get paid and it does not matter how you get paid and it does not matter how much you would get paid in another job or with a different structure of your package. This is what you make.
Even in special cases where a company may have a special deal on the house they let you use, the cost of employment and your overall package should be accounted for in the same fashion because even if I as a company have a special deal on the house I am letting you use, I should account for the market rate of the house I would otherwise be getting if I wasn't letting you use it.
Guys, you're all smart people. How the hell do you not get these things?
#41
Re: What percentage of your salary do you spend on rent?
Am not sure I understand the basis of the question re the rent thing? It doesn't account for the fact that some ppl will may pay low rent (and therefore potentially a small %) and choose to live in a hovel (but don't actually earn much money) whilst some ppl will pay more to live in a palace. The point is the same for ppl earning the same salary, one who decides to live in International ShItty / Disco Gardens or somewhere else dreadful, and another who lives in Downtown area.
Wouldn't a more relevant question be whether one is prepared to pay a higher % to live somewhere decent? Or alternatively, assuming a salary of xxx, how much would you pay to live somewhere decent and/or what would be a decent housing allowance?
It also doesn't account for differences between Qatar/UAE/Kuwait/KSA etc with regards to rents (Dubai being cheap, Qatar being spastic expensive, Riyadh being super spastic expensive).
Wouldn't a more relevant question be whether one is prepared to pay a higher % to live somewhere decent? Or alternatively, assuming a salary of xxx, how much would you pay to live somewhere decent and/or what would be a decent housing allowance?
It also doesn't account for differences between Qatar/UAE/Kuwait/KSA etc with regards to rents (Dubai being cheap, Qatar being spastic expensive, Riyadh being super spastic expensive).
#42
Re: What percentage of your salary do you spend on rent?
Or is it just a badly veiled "how much do you earn Q"?
#43
Re: What percentage of your salary do you spend on rent?
Of course the bottom line for the employer is the total, everybody understands that. My point was I negotiate then they total the costs and that's my cost as an employee, not that they have a fixed line prior to this and if I get more as allowance then I get less salary. (which someone else was claiming)
An bhfuil a fhios agat anois?
#44
Account Closed
Joined: Feb 2011
Posts: 0
Re: What percentage of your salary do you spend on rent?
I am speaking from my side, the employee. Was explaining that the salary and benefits are not interrelated for me, the employee.
Of course the bottom line for the employer is the total, everybody understands that. My point was I negotiate then they total the costs and that's my cost as an employee, not that they have a fixed line prior to this and if I get more as allowance then I get less salary. (which someone else was claiming)
An bhfuil a fhios agat anois?
Of course the bottom line for the employer is the total, everybody understands that. My point was I negotiate then they total the costs and that's my cost as an employee, not that they have a fixed line prior to this and if I get more as allowance then I get less salary. (which someone else was claiming)
An bhfuil a fhios agat anois?
Everyone's different eh. You get your shit sorted and it works for you. Other's get the cash money and sort their shit themselves. I see what you're saying, as I do with DesertDubliner...
#45
Re: What percentage of your salary do you spend on rent?
This is my case only now as I am negotiating internally with the company but out in the big bad world I would be forced to deal with all in packages etc
Perhaps the strangest thing between me and Desert Dubliner is the idea that we have proper costings etc. after a few years knocking around the ME I still have no idea how the hell we make a profit (and that's starting from a profit margin of 35%). The tried and tested formula as far as I can see is that we have no idea what we are really doing but at the end if there is no money in the bank we go and beg the client for more
Last edited by weasel decentral; Jan 15th 2013 at 4:25 am.