What percentage of your salary do you spend on rent?
#46
Account Closed
Joined: Feb 2011
Posts: 0
Re: What percentage of your salary do you spend on rent?
Offer me a job and I will see what happens
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 a re really doing but at the end if there is no money in the bank we go and beg the client for more
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 a re really doing but at the end if there is no money in the bank we go and beg the client for more
#47
BE Forum Addict
Joined: Jun 2008
Location: Abu Dhabi by body and Sydney by soul
Posts: 1,841
Re: What percentage of your salary do you spend on rent?
Some companies provide allowances and/ or company housing
Eg; an employee could look like his/ her house is costing 40% of his basic salary (judging by current pricing levels), though it's costing their allowance which is actually 20% of his/ her salary, but it's really only cost the company 10% on top of the salary.
Eg; an employee could look like his/ her house is costing 40% of his basic salary (judging by current pricing levels), though it's costing their allowance which is actually 20% of his/ her salary, but it's really only cost the company 10% on top of the salary.
#48
BE Forum Addict
Joined: Jan 2011
Location: Dubai
Posts: 3,467
Re: What percentage of your salary do you spend on rent?
~15.5% for rent, DEWA (getting robbed at the minute for some reason) and a decent TV and tinternet package.....
#49
Re: What percentage of your salary do you spend on rent?
Your salary + all benefits what you are being paid. if this was the UK you'd be taxed on salary + all benefits in kind. No matter what you call it, how you split it, your total package is effectively what you are being paid, or what your employer is paying to have you working for them.
I'm not answering the question. There are two earners in this house, neither of whom are salaried.
I'm not answering the question. There are two earners in this house, neither of whom are salaried.
#51
Re: What percentage of your salary do you spend on rent?
The package system is just there to reduce your gratuity - discuss
#53
Re: What percentage of your salary do you spend on rent?
Yes I mentioned this before that the allowances will kill your end of service payment plus if your bonus is based on X months pay then it will affect this also.
The ways some of the companies try to build up your salary with allowances and all sorts means that the basic pay can be surprisingly low when you look at it properly.
The ways some of the companies try to build up your salary with allowances and all sorts means that the basic pay can be surprisingly low when you look at it properly.
#55
Re: What percentage of your salary do you spend on rent?
Yes I mentioned this before that the allowances will kill your end of service payment plus if your bonus is based on X months pay then it will affect this also.
The ways some of the companies try to build up your salary with allowances and all sorts means that the basic pay can be surprisingly low when you look at it properly.
The ways some of the companies try to build up your salary with allowances and all sorts means that the basic pay can be surprisingly low when you look at it properly.
http://www.arabianbusiness.com/court...ml?tab=Article
#56
banned
Joined: Oct 2008
Posts: 7,611
Re: What percentage of your salary do you spend on rent?
Actually we were discussing this very topic yesterday. I need to dig out my US contract.
#57
Account Closed
Joined: Feb 2011
Posts: 0
Re: What percentage of your salary do you spend on rent?
Yes and no.
Featherbed my arse
Very true, but it can work out nicely too.
Most people want a bit more money to work overseas....fair enough.
It's a harder life. It's tough on your knees and your missus doesn't want to be away from her sister Pat, although she loves lording it over her thinking she's better.
You want more cash, but you've not really thought about shit properly, have you?
You get an offer of 50,000 AED all in
30k basic
12.5k Housing
2.5k flights
5k car
You have just beeen offered 60,000 sterling a year. Tax free. That is the same as earning 91,760 in the UK. PLUS, you have your house and car and flights home paid for.
You probably don't know what gratuity is when you sign up. But you've got a mate over here now who says you're getting stiffed on allowances so that they don't pay you as much gratuity. You get all upset. You start thinking that it's unfair and you deserve more. The guys in Waxy's all claim that their whole package is just basic salary. Cue a strop, over a bonus you didn't even know about when you signed the contract and moved here.
Realistically, there are bucket loads of people out here commaning 45-55k a month who in the UK have zero hope of ever earning 90,000+ a year. They need to not worry about gratuity and just be grateful that average in the UK is still a big salary over here.
In my eyes the gratuity is a tidy little bonus you get, but not something to get too excited about. I used the little I got from my last co. to go towards this years rent loan.
Featherbed my arse
Yes I mentioned this before that the allowances will kill your end of service payment plus if your bonus is based on X months pay then it will affect this also.
The ways some of the companies try to build up your salary with allowances and all sorts means that the basic pay can be surprisingly low when you look at it properly.
The ways some of the companies try to build up your salary with allowances and all sorts means that the basic pay can be surprisingly low when you look at it properly.
Most people want a bit more money to work overseas....fair enough.
It's a harder life. It's tough on your knees and your missus doesn't want to be away from her sister Pat, although she loves lording it over her thinking she's better.
You want more cash, but you've not really thought about shit properly, have you?
You get an offer of 50,000 AED all in
30k basic
12.5k Housing
2.5k flights
5k car
You have just beeen offered 60,000 sterling a year. Tax free. That is the same as earning 91,760 in the UK. PLUS, you have your house and car and flights home paid for.
You probably don't know what gratuity is when you sign up. But you've got a mate over here now who says you're getting stiffed on allowances so that they don't pay you as much gratuity. You get all upset. You start thinking that it's unfair and you deserve more. The guys in Waxy's all claim that their whole package is just basic salary. Cue a strop, over a bonus you didn't even know about when you signed the contract and moved here.
Realistically, there are bucket loads of people out here commaning 45-55k a month who in the UK have zero hope of ever earning 90,000+ a year. They need to not worry about gratuity and just be grateful that average in the UK is still a big salary over here.
In my eyes the gratuity is a tidy little bonus you get, but not something to get too excited about. I used the little I got from my last co. to go towards this years rent loan.
#58
Re: What percentage of your salary do you spend on rent?
Also - your argument is that best not to worry about gratuity as most new arrivals in Dubai didn't know about it beforehand and also that most people are under qualified and overpaid here... well that's encouraging....
#59
Re: What percentage of your salary do you spend on rent?
Also - even on most salary only contracts it will still break it down into allowances, even though in reality they get paid a monthly salary... simply to reduce gratuity.
#60
Re: What percentage of your salary do you spend on rent?
It would be interesting to know if this ruling still stands....
http://www.arabianbusiness.com/court...ml?tab=Article
http://www.arabianbusiness.com/court...ml?tab=Article
Commander said earlier that he does not get a gratuity. It can be waived if both the employer and employee sign a contract to that effect. Usually done where the employee is receiving another benefit of some kind to 'compensate'.