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What's your raise this year?User Forum Topic
Submitted by SD Transplant on June 19, 2007 - 12:13pm
I see a lot of topics that cover family income, fed rate increases, subprime risk etc. There is one more topic I wanted to keep track to see the impact on regional (or national - since we've got various contributors outside of San Diego)salary raises each one of us got this year. I just got a notice of my raise on Friday, and it is 3.53% (this is just a couple of thousands $) I guess after a short survey we will have an anecdotal idea on: (1) WAGES ARE INCREASING - expecting flat RE prices for years or (2) WAGES ARE FLAT OR DECREASING - real estate prices will drop significantly, especially if one adjusts for inflation. My answer, if everything remains the same, Wages are flat or decreasing (adjusted for inflation).... hence, RE prices will drop/adjust sharply in the next couple of years.
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5.25% and supposedly I did “good”. This is the lowest raise I received, as a percentage, in the last several years. I was fully expecting management to keep track of inflation, interest rates and foreign currencies and adjust employee wages accordingly :-)
5%, and that's with a title change. Pretty rotten, though I understand why... financials are not positive.
Me: 8%, but I'm young so I'm in the rapidly appreciating part of the pay curve. My wife: 0%, and 0 bonus. I don't want to go into specifics, but her company is in the mortgage industry and is trying to downsize without the bad publicity that layoffs would bring. So no raises or bonuses. It's all good, though, we are outa here in a month.
11%
I think about 5% but I'm my own boss so this is sorta a performance bonus
We don't get them till July, but I would guess either 0, or at most 3%.
Josh
as much as we're willing to work for.
2.5%
All raises in our company were between 1 and 3% which is quite lousy!
"We don't get them till July, but I would guess either 0, or at most 3%."
I told you Josh, you need to start consulting....
Somewhere between 3% and 4% for me, and my husband will get his usual 10%.
Defense industry... Most folks here get 2-4%. If you "far exceed expectations", you might get 5%. Plus a 4% raise for promotions every 4-5 years, so it works out to 3-5% annually.
4.5%, which just about covers my gas now that it's $3.69 a gallon.......
16.67%, but I'm younger than most here probably, and 16.67% of $00.00 isn't much anyway.
SD Transplant,
I see a lot of single digit %'s here (or low double digits on a small base). But you should bear in mind that there are people whose earnings are very heavily performance based, and I suspect for them, the $amount is larger and the % increase 2006-2007 sometimes is quite healthy (unless they're in real estate). I'm thinking stock options and the like.
I can't remember my pay last year, but the increase 2006-2007 is probably 15-25%. (It could easily turn into a decrease next year or 2009.)
Patient renter in OC
Hopped jobs recently for a better benefits package and working conditions. Expecting 3% at my first review.
I told you Josh, you need to start consulting
Who says I'm not? I am currently looking for side work. I have one small job but it looks to be petering out.
Josh
Gee, some really got nice raises. Mine will be 1.5 to 2 %. I will ask for a raise then, gosh, this always kills me thinking about it.
Seems like the raise people are getting are all over the map. Could it possibly be that some are overpaid, some are underpaid, so there's a huge range? I mean if two people have the same experiences and perform similarly but one get paid $50k while the other get paid $65k, obviously, the one who got paid $50k will get a larger % raise. That's just my take on it.
I already got mine, it was 5%, plus another 8% of my salary as profit sharing which went into my 401(k).
Count us in the 3% column !
I am getting a 10 percent retention increase and a 3.4 percent cola. My husband is just getting the 3.4 pct. We both work for the state government.
3 % negotiated for entire bargaining group, plus 2 % merit for me, for a total of 5 %. Does that keep me even w/inflation? not sure...
Raise???
What's that?
I always thought the concept of raises was rather silly. Employer's know that most people dread looking for jobs. They know most of their employees are too lazy or too afraid of rejection to chase a better life. The only real way to get a decent raise is to get promoted or find a new job.
Bottomline- If you want more, you need to go out and find it. If you wait for it to come to you, well... we all know how that goes.
Just got my raise and bonus, and wanted to poll worker bees to see what are folks seeing this year in terms of raises/bonus.
Mine came in at 4% raise+ 22% bonus for the year (software engineering).
Wife got hers (different company 2% raise + 10% bonus for 6 months).
Is this about what folks are seeing here lately?
12% bonus
4% raise
I didn't get shit.
It would have been 3%, but employer took it back due to higher costs to them for a defined benefit retirement plan.
I got 0% raise and 5% percent bonus.
I asked my supervisor why I didn't get a raise,
I got the old BS of "you are 99% tile of how much we
are paying you of what you do, you need to go to management
level if you want more money" spiel. I work as a hardware engineer. I think sdrealtor is right, you want more money? you gotta finda new place to work. Don't wait for it.
I'll sum up my situation with a famous movie quote:
"You'll get nothing and like it!"
Don't you think you are going a bit far in sharing information? I mean me, I don't care that you shared names, and companies, but I am surprised that you'd be so Cavalier about it. Really it's no skin off my back, and I really enjoyed your posting. You almost need boards like this since sharing salaries and strategies with co-workers might not be in your best interest.