Free Career and Job Search Advice

[Ciprian13]

If you were your own boss will you raise your salary?Will you judge yourself if you want to raise your salary?Do you deserve a raise?What are the aspects you have to had in mind when you do such a thing?Share your thoughts

[ank06]

This is quite funny....I laughed when I saw the questions, especially the first one I'm not being disrespectfull, it's just funny....

Well....I'm not the boss of any company so I have no idea of what the relationship between boss-salary works...but I have a friend who is the owner of a small company and she has a fixed salary which increases proportionally to the general salary increase of the employees. However, I should point out that the salary is just a thing to have for her, cause the profit is way too good to even quarrel with herself "No, I'm not giving you any raise"

I'm really curious about other peoples opinions...maybe we have a literate among us who can tell us more...

[Ciprian13]

I'm happy that I realised at least with one thing with this thread and that is to make you laugh.Things like these should be jokes but it's vrey common these days at least in the third world countries for the directors of comapnies to raise their salaries whenever through some excuses like bonuses.

[sweet_life]

Myes.....any director of company, even the owner of a company must have a salary established, one which should appear as his salary, from which he pays his usual taxes and fees towards the country, insurance companies or health system. So sometimes they come to raise their salaries. But most of the times they will not do this cause the smaller the salary is the better the impression that they are not people in search of money and stuff. Of course, they get their profit from the company and there's no need for any of them to complain from this point of view.
Anyway....I've heard there are rules, certain rules which oblige company owners not to raise their salaries beyond a certain percent.

[Ciprian13]

And here I come with an interesting question how many of them follow this law?In the modern society,in countries like Spain,Italy,Germany and U.S.A. it's no problem but in countries like Romania,Moldova,Filipine?I believe that we suffer because we want to work less than the rest of the world and earn the same money.

[Robin]

A sensible owner of a company will pay him/herself the going rate of salary and take additional income from the profit. What needs to be realised is that the amount of profit of an organisation is directly linked to expenses (like salary).

Whatever salary you pay is an expense and will affect profit.

The disadvantage of a large personal salary is that it is taxed as such. Rates of taxation for personal income are usually higher than for company income. Additionally, there are ways you can legally "hide" income from your business and most business income tax rates are lower than personal tax rates.

At the end of the day, intelligent business owners will work out which is the option that will incur the least tax and act accordingly. For example, a company could invest in a rental property using money that might have otherwise gone to its owner in personal income. At the end of the day, the investment will bring in more money and less tax than using the money as income. What would you do?