Home › Forums › Financial Markets/Economics › What’s your raise this year?
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Anonymous.
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AuthorPosts
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June 19, 2007 at 12:13 PM #9336
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June 19, 2007 at 2:19 PM #60501
bubble_contagion
Participant5.25% 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 🙂
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June 19, 2007 at 2:33 PM #60515
blue_sky
Participant5%, and that’s with a title change. Pretty rotten, though I understand why… financials are not positive.
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June 19, 2007 at 2:41 PM #60517
Ash Housewares
ParticipantMe: 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.
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June 19, 2007 at 2:41 PM #60551
Ash Housewares
ParticipantMe: 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.
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June 19, 2007 at 2:33 PM #60549
blue_sky
Participant5%, and that’s with a title change. Pretty rotten, though I understand why… financials are not positive.
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June 19, 2007 at 2:19 PM #60535
bubble_contagion
Participant5.25% 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 🙂
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June 19, 2007 at 2:45 PM #60519
meadandale
Participant11%
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June 19, 2007 at 3:12 PM #60524
bobby
ParticipantI think about 5% but I’m my own boss so this is sorta a performance bonus
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June 19, 2007 at 3:22 PM #60528
barnaby33
ParticipantWe don’t get them till July, but I would guess either 0, or at most 3%.
Josh
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June 19, 2007 at 3:23 PM #60532
sdrealtor
Participantas much as we’re willing to work for.
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June 19, 2007 at 3:33 PM #60536
kev374
Participant2.5%
All raises in our company were between 1 and 3% which is quite lousy! -
June 19, 2007 at 3:33 PM #60570
kev374
Participant2.5%
All raises in our company were between 1 and 3% which is quite lousy! -
June 19, 2007 at 3:23 PM #60566
sdrealtor
Participantas much as we’re willing to work for.
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June 19, 2007 at 3:50 PM #60542
meadandale
Participant“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….
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June 19, 2007 at 4:02 PM #60546
startingout
ParticipantSomewhere between 3% and 4% for me, and my husband will get his usual 10%.
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June 19, 2007 at 4:09 PM #60550
beanmaestro
ParticipantDefense 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.
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June 19, 2007 at 9:06 PM #60630
golfproz
Participant4.5%, which just about covers my gas now that it’s $3.69 a gallon…….
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June 19, 2007 at 10:03 PM #60644
cr
Participant16.67%, but I’m younger than most here probably, and 16.67% of $00.00 isn’t much anyway.
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June 19, 2007 at 10:03 PM #60679
cr
Participant16.67%, but I’m younger than most here probably, and 16.67% of $00.00 isn’t much anyway.
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June 19, 2007 at 9:06 PM #60664
golfproz
Participant4.5%, which just about covers my gas now that it’s $3.69 a gallon…….
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June 19, 2007 at 4:09 PM #60584
beanmaestro
ParticipantDefense 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.
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June 19, 2007 at 4:02 PM #60580
startingout
ParticipantSomewhere between 3% and 4% for me, and my husband will get his usual 10%.
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June 20, 2007 at 10:42 AM #60736
barnaby33
ParticipantI 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
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June 20, 2007 at 12:21 PM #60764
KIBU
ParticipantGee, 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.
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June 20, 2007 at 1:12 PM #60782
an
ParticipantSeems 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.
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June 20, 2007 at 1:12 PM #60817
an
ParticipantSeems 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.
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June 20, 2007 at 12:21 PM #60799
KIBU
ParticipantGee, 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.
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June 20, 2007 at 10:42 AM #60771
barnaby33
ParticipantI 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
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June 19, 2007 at 3:50 PM #60576
meadandale
Participant“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….
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June 19, 2007 at 3:22 PM #60562
barnaby33
ParticipantWe don’t get them till July, but I would guess either 0, or at most 3%.
Josh
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June 19, 2007 at 3:12 PM #60558
bobby
ParticipantI think about 5% but I’m my own boss so this is sorta a performance bonus
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June 19, 2007 at 2:45 PM #60553
meadandale
Participant11%
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June 19, 2007 at 10:52 PM #60650
patientrenter
ParticipantSD 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
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June 20, 2007 at 8:29 AM #60715
AK
ParticipantHopped jobs recently for a better benefits package and working conditions. Expecting 3% at my first review.
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June 20, 2007 at 8:29 AM #60749
AK
ParticipantHopped jobs recently for a better benefits package and working conditions. Expecting 3% at my first review.
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June 19, 2007 at 10:52 PM #60685
patientrenter
ParticipantSD 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
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June 20, 2007 at 3:15 PM #60804
lonestar2000
ParticipantI already got mine, it was 5%, plus another 8% of my salary as profit sharing which went into my 401(k).
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June 20, 2007 at 3:15 PM #60839
lonestar2000
ParticipantI already got mine, it was 5%, plus another 8% of my salary as profit sharing which went into my 401(k).
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June 20, 2007 at 3:15 PM #60806
doublewide
ParticipantCount us in the 3% column !
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June 20, 2007 at 3:26 PM #60808
jennyo
ParticipantI 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.
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June 20, 2007 at 8:51 PM #60888
taz
Participant3 % negotiated for entire bargaining group, plus 2 % merit for me, for a total of 5 %. Does that keep me even w/inflation? not sure…
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June 21, 2007 at 2:02 PM #61093
POZ
ParticipantRaise???
What’s that?
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June 21, 2007 at 2:02 PM #61130
POZ
ParticipantRaise???
What’s that?
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June 20, 2007 at 8:51 PM #60924
taz
Participant3 % negotiated for entire bargaining group, plus 2 % merit for me, for a total of 5 %. Does that keep me even w/inflation? not sure…
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June 20, 2007 at 3:26 PM #60843
jennyo
ParticipantI 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.
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June 20, 2007 at 3:15 PM #60841
doublewide
ParticipantCount us in the 3% column !
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June 21, 2007 at 2:10 PM #61099
sdrealtor
ParticipantI 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.
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July 23, 2008 at 10:58 AM #245200
Shadowfax
Participant[quote=sdrealtor]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.[/quote]
Those are some sweeping generalizations! I for one 1) don’t dread looking for jobs (in fact I get approached with new opportunites almost every week), 2) and not too lazy to chase a better salary (not sure if that equals a better life–there are trade offs in the professional services industry). People in my field routinely move on every 1-2 years as that is the best way to increase your salary. Raises won’t do it at 3-5%.
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July 23, 2008 at 9:13 PM #245541
sdrealtor
ParticipantShadowfax
All the comments from folks here with little or no raises who are still in the same job with the same company pretty much substantiate my generalization. True its a generalization and not true for all (certainly not you) but it sure seems applicable for most.sdr
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July 23, 2008 at 9:13 PM #245691
sdrealtor
ParticipantShadowfax
All the comments from folks here with little or no raises who are still in the same job with the same company pretty much substantiate my generalization. True its a generalization and not true for all (certainly not you) but it sure seems applicable for most.sdr
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July 23, 2008 at 9:13 PM #245698
sdrealtor
ParticipantShadowfax
All the comments from folks here with little or no raises who are still in the same job with the same company pretty much substantiate my generalization. True its a generalization and not true for all (certainly not you) but it sure seems applicable for most.sdr
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July 23, 2008 at 9:13 PM #245754
sdrealtor
ParticipantShadowfax
All the comments from folks here with little or no raises who are still in the same job with the same company pretty much substantiate my generalization. True its a generalization and not true for all (certainly not you) but it sure seems applicable for most.sdr
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July 23, 2008 at 9:13 PM #245763
sdrealtor
ParticipantShadowfax
All the comments from folks here with little or no raises who are still in the same job with the same company pretty much substantiate my generalization. True its a generalization and not true for all (certainly not you) but it sure seems applicable for most.sdr
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July 23, 2008 at 10:58 AM #245347
Shadowfax
Participant[quote=sdrealtor]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.[/quote]
Those are some sweeping generalizations! I for one 1) don’t dread looking for jobs (in fact I get approached with new opportunites almost every week), 2) and not too lazy to chase a better salary (not sure if that equals a better life–there are trade offs in the professional services industry). People in my field routinely move on every 1-2 years as that is the best way to increase your salary. Raises won’t do it at 3-5%.
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July 23, 2008 at 10:58 AM #245355
Shadowfax
Participant[quote=sdrealtor]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.[/quote]
Those are some sweeping generalizations! I for one 1) don’t dread looking for jobs (in fact I get approached with new opportunites almost every week), 2) and not too lazy to chase a better salary (not sure if that equals a better life–there are trade offs in the professional services industry). People in my field routinely move on every 1-2 years as that is the best way to increase your salary. Raises won’t do it at 3-5%.
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July 23, 2008 at 10:58 AM #245411
Shadowfax
Participant[quote=sdrealtor]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.[/quote]
Those are some sweeping generalizations! I for one 1) don’t dread looking for jobs (in fact I get approached with new opportunites almost every week), 2) and not too lazy to chase a better salary (not sure if that equals a better life–there are trade offs in the professional services industry). People in my field routinely move on every 1-2 years as that is the best way to increase your salary. Raises won’t do it at 3-5%.
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July 23, 2008 at 10:58 AM #245421
Shadowfax
Participant[quote=sdrealtor]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.[/quote]
Those are some sweeping generalizations! I for one 1) don’t dread looking for jobs (in fact I get approached with new opportunites almost every week), 2) and not too lazy to chase a better salary (not sure if that equals a better life–there are trade offs in the professional services industry). People in my field routinely move on every 1-2 years as that is the best way to increase your salary. Raises won’t do it at 3-5%.
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June 21, 2007 at 2:10 PM #61136
sdrealtor
ParticipantI 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.
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August 14, 2007 at 9:01 PM #75341
Coronita
ParticipantJust 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?
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August 14, 2007 at 10:19 PM #75386
(former)FormerSanDiegan
Participant12% bonus
4% raise
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August 14, 2007 at 10:19 PM #75501
(former)FormerSanDiegan
Participant12% bonus
4% raise
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August 14, 2007 at 10:19 PM #75504
(former)FormerSanDiegan
Participant12% bonus
4% raise
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August 14, 2007 at 11:08 PM #75427
Bob G
ParticipantI 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.
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August 15, 2007 at 8:38 AM #75549
matula
ParticipantI 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. -
August 15, 2007 at 8:38 AM #75668
matula
ParticipantI 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. -
August 15, 2007 at 8:38 AM #75670
matula
ParticipantI 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.
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August 14, 2007 at 11:08 PM #75545
Bob G
ParticipantI 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.
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August 14, 2007 at 11:08 PM #75546
Bob G
ParticipantI 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.
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August 14, 2007 at 9:01 PM #75457
Coronita
ParticipantJust 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?
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August 14, 2007 at 9:01 PM #75461
Coronita
ParticipantJust 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?
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August 15, 2007 at 9:26 AM #75597
CMcG
ParticipantI’ll sum up my situation with a famous movie quote:
“You’ll get nothing and like it!”
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August 15, 2007 at 9:26 AM #75714
CMcG
ParticipantI’ll sum up my situation with a famous movie quote:
“You’ll get nothing and like it!”
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August 15, 2007 at 9:26 AM #75718
CMcG
ParticipantI’ll sum up my situation with a famous movie quote:
“You’ll get nothing and like it!”
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August 15, 2007 at 1:54 PM #75767
CardiffBaseball
ParticipantDon’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.
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August 15, 2007 at 1:54 PM #75883
CardiffBaseball
ParticipantDon’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.
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August 15, 2007 at 1:54 PM #75886
CardiffBaseball
ParticipantDon’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.
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August 15, 2007 at 2:27 PM #75776
sdrealtor
Participantvrud,
Great post. I had the same situation multiple time sin my career. At one point I was the top producer at a software start-up and watched one nitwit after another get a salary 50% above my own. I’m talking real nitiwts who never produced anything. from that point on I learned it was how you gamed the system and how much you were willing to ask for which determined what you got. What you are actually worth made very little difference.-
August 15, 2007 at 8:55 PM #76019
patientrenter
Participantvrudny and sdrealtor, I’ll share a different experience and point of view with you and other readers.
I’ve never asked for a raise. Maybe I’m dumb, but my pay has increased an average of over 15% annually since I started working 19 years ago. Yes, maybe I could have bumped it up faster now and again by taking advantage of my bosses’ episodes of desperation, but if I did that I may just have been taking it away from future years’ increases.
As I and my old bosses have dispersed through the industry, now I know I can work in many cities, companies, or lines of work because these people all trust me not to screw them, and they would hire me, or help me get hired, in a heartbeat. I move in a relatively small professional world.
Just thought I’d give an alternative experience and point of view, in case other readers thought there was only one way to get rewarded. Depends on how big your work community is, how often you move, your personality….
Patient renter in OC
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August 15, 2007 at 9:43 PM #76053
garysears
ParticipantI’m in the DOD pay scale crowd. Currently it is mandated at 3% by Congress. Instead of paying everyone a little bit more, the military offers various sized re-enlistment / contract extension bonuses for the jobs where retention is the most difficult. Pay has apparently been getting better the last several years and the “pay gap” with the civilian world has allegedly been closed. I think the biggest problem is the government is still committed to a defined benefits retirement system. The civilian job market seems to be paying the money upfront with more generous 401K matching and stock options. So civilians have a better chance to have savings built up rather than relying on the government retirement check to fund the good years. The options in the military seems to be cut out early or commit to the long haul. That is the way the system is designed. Overall, the problem with the time in service, even pay scale for even ranks is the complete lack of incentive to do a superior job.
security vs. satisfaction
By the way, congress is apparently haggling with the President over a 0.5% difference between proposals for military pay increase. That small amount isn’t significant considering inflation but somehow has become highly politicized.
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August 15, 2007 at 9:53 PM #76074
one_muggle
Participantgary,
Instead of paying everyone a little bit more, the military offers various sized re-enlistment / contract extension bonuses for the jobs where retention is the most difficult.
“Nice” of them since your bonus doesn’t count towards calculating retirement benefits. BTW, that half percent is a bunch when you figure in all the people that will get it.-one muggle
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August 16, 2007 at 6:16 AM #76188
Alex_angel
Participanta cup of coffee and a donut
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August 16, 2007 at 6:16 AM #76307
Alex_angel
Participanta cup of coffee and a donut
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August 16, 2007 at 6:16 AM #76309
Alex_angel
Participanta cup of coffee and a donut
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August 15, 2007 at 9:53 PM #76193
one_muggle
Participantgary,
Instead of paying everyone a little bit more, the military offers various sized re-enlistment / contract extension bonuses for the jobs where retention is the most difficult.
“Nice” of them since your bonus doesn’t count towards calculating retirement benefits. BTW, that half percent is a bunch when you figure in all the people that will get it.-one muggle
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August 15, 2007 at 9:53 PM #76195
one_muggle
Participantgary,
Instead of paying everyone a little bit more, the military offers various sized re-enlistment / contract extension bonuses for the jobs where retention is the most difficult.
“Nice” of them since your bonus doesn’t count towards calculating retirement benefits. BTW, that half percent is a bunch when you figure in all the people that will get it.-one muggle
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August 15, 2007 at 9:43 PM #76172
garysears
ParticipantI’m in the DOD pay scale crowd. Currently it is mandated at 3% by Congress. Instead of paying everyone a little bit more, the military offers various sized re-enlistment / contract extension bonuses for the jobs where retention is the most difficult. Pay has apparently been getting better the last several years and the “pay gap” with the civilian world has allegedly been closed. I think the biggest problem is the government is still committed to a defined benefits retirement system. The civilian job market seems to be paying the money upfront with more generous 401K matching and stock options. So civilians have a better chance to have savings built up rather than relying on the government retirement check to fund the good years. The options in the military seems to be cut out early or commit to the long haul. That is the way the system is designed. Overall, the problem with the time in service, even pay scale for even ranks is the complete lack of incentive to do a superior job.
security vs. satisfaction
By the way, congress is apparently haggling with the President over a 0.5% difference between proposals for military pay increase. That small amount isn’t significant considering inflation but somehow has become highly politicized.
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August 15, 2007 at 9:43 PM #76174
garysears
ParticipantI’m in the DOD pay scale crowd. Currently it is mandated at 3% by Congress. Instead of paying everyone a little bit more, the military offers various sized re-enlistment / contract extension bonuses for the jobs where retention is the most difficult. Pay has apparently been getting better the last several years and the “pay gap” with the civilian world has allegedly been closed. I think the biggest problem is the government is still committed to a defined benefits retirement system. The civilian job market seems to be paying the money upfront with more generous 401K matching and stock options. So civilians have a better chance to have savings built up rather than relying on the government retirement check to fund the good years. The options in the military seems to be cut out early or commit to the long haul. That is the way the system is designed. Overall, the problem with the time in service, even pay scale for even ranks is the complete lack of incentive to do a superior job.
security vs. satisfaction
By the way, congress is apparently haggling with the President over a 0.5% difference between proposals for military pay increase. That small amount isn’t significant considering inflation but somehow has become highly politicized.
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August 15, 2007 at 8:55 PM #76139
patientrenter
Participantvrudny and sdrealtor, I’ll share a different experience and point of view with you and other readers.
I’ve never asked for a raise. Maybe I’m dumb, but my pay has increased an average of over 15% annually since I started working 19 years ago. Yes, maybe I could have bumped it up faster now and again by taking advantage of my bosses’ episodes of desperation, but if I did that I may just have been taking it away from future years’ increases.
As I and my old bosses have dispersed through the industry, now I know I can work in many cities, companies, or lines of work because these people all trust me not to screw them, and they would hire me, or help me get hired, in a heartbeat. I move in a relatively small professional world.
Just thought I’d give an alternative experience and point of view, in case other readers thought there was only one way to get rewarded. Depends on how big your work community is, how often you move, your personality….
Patient renter in OC
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August 15, 2007 at 8:55 PM #76141
patientrenter
Participantvrudny and sdrealtor, I’ll share a different experience and point of view with you and other readers.
I’ve never asked for a raise. Maybe I’m dumb, but my pay has increased an average of over 15% annually since I started working 19 years ago. Yes, maybe I could have bumped it up faster now and again by taking advantage of my bosses’ episodes of desperation, but if I did that I may just have been taking it away from future years’ increases.
As I and my old bosses have dispersed through the industry, now I know I can work in many cities, companies, or lines of work because these people all trust me not to screw them, and they would hire me, or help me get hired, in a heartbeat. I move in a relatively small professional world.
Just thought I’d give an alternative experience and point of view, in case other readers thought there was only one way to get rewarded. Depends on how big your work community is, how often you move, your personality….
Patient renter in OC
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August 15, 2007 at 2:27 PM #75893
sdrealtor
Participantvrud,
Great post. I had the same situation multiple time sin my career. At one point I was the top producer at a software start-up and watched one nitwit after another get a salary 50% above my own. I’m talking real nitiwts who never produced anything. from that point on I learned it was how you gamed the system and how much you were willing to ask for which determined what you got. What you are actually worth made very little difference. -
August 15, 2007 at 2:27 PM #75895
sdrealtor
Participantvrud,
Great post. I had the same situation multiple time sin my career. At one point I was the top producer at a software start-up and watched one nitwit after another get a salary 50% above my own. I’m talking real nitiwts who never produced anything. from that point on I learned it was how you gamed the system and how much you were willing to ask for which determined what you got. What you are actually worth made very little difference. -
August 16, 2007 at 6:42 AM #76191
Coronita
ParticipantWhen I left Motorola for Nokia, I did it on zero notice during the most time-intensive peak of an urgent high-visibility program at Motorola. Oh, and I was the only engineer who understood the phone's display design. My bosses were screwed and they knew it. They offered me a 30% raise on-the-spot to stay at Motorola, yet only a few months before they had only offered me a 3% annual salary increase. I turned down the 30% because I knew Moto was going down the toilet.
Ouch. Talk about burning bridges.
Some friendly advice. I wouldn't do this in San Diego or Bay Area. Despite the sheer number of companies in the Bay Area, everyone kind knows someone that ultimately worked with you. I can't count on the numerous times I was in a post-hiring meeting, when a candidate looked great, and talked great…BUT invariably someone "knew" that person at a previous company and had issues with performance/attitude/discipline/etc. This is especially the case if you plan on being in roles of higher visibility.
In San Diego, it's much worse. I invariably burned a bridge with one company, only to have it bite me when I was trying to work with folks from that company elsewhere.
As far as my big promotions and raise increases (20+%), they have always been accomplished when I moved between companies. (about 5 times over 10 years). Never been laid off (yet). Usually because, I've always moved before trouble started. And the easiest way to find a job for me was to talk to the people that I use to work with or use to manage. Funny how things work. Those that you manage you invariably work for in the future, and vice versa.
-
July 22, 2008 at 4:57 PM #244709
SD Transplant
ParticipantBumping this back up to see the changes from last year 07 to this year 08.
For the past 3 years, in my particular case, I have received smaller percentages.
This year is 3.16%
We’re passed the stage of not counting real inflation…..which is at least double my raise. In conclusion, one delusional 1st time buyer 🙂
P.S. I guess I should be thankfull for a “JOB”…as the economy is getting worse. I’ve lost most my co-workers this year (in SD).
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July 22, 2008 at 11:27 PM #244973
bob007
Participantmy wife got 15% pay raise with 10% bonus
i am waiting for mine -
July 22, 2008 at 11:27 PM #245119
bob007
Participantmy wife got 15% pay raise with 10% bonus
i am waiting for mine -
July 22, 2008 at 11:27 PM #245128
bob007
Participantmy wife got 15% pay raise with 10% bonus
i am waiting for mine -
July 22, 2008 at 11:27 PM #245182
bob007
Participantmy wife got 15% pay raise with 10% bonus
i am waiting for mine -
July 22, 2008 at 11:27 PM #245191
bob007
Participantmy wife got 15% pay raise with 10% bonus
i am waiting for mine
-
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July 22, 2008 at 4:57 PM #244857
SD Transplant
ParticipantBumping this back up to see the changes from last year 07 to this year 08.
For the past 3 years, in my particular case, I have received smaller percentages.
This year is 3.16%
We’re passed the stage of not counting real inflation…..which is at least double my raise. In conclusion, one delusional 1st time buyer 🙂
P.S. I guess I should be thankfull for a “JOB”…as the economy is getting worse. I’ve lost most my co-workers this year (in SD).
-
July 22, 2008 at 4:57 PM #244866
SD Transplant
ParticipantBumping this back up to see the changes from last year 07 to this year 08.
For the past 3 years, in my particular case, I have received smaller percentages.
This year is 3.16%
We’re passed the stage of not counting real inflation…..which is at least double my raise. In conclusion, one delusional 1st time buyer 🙂
P.S. I guess I should be thankfull for a “JOB”…as the economy is getting worse. I’ve lost most my co-workers this year (in SD).
-
July 22, 2008 at 4:57 PM #244922
SD Transplant
ParticipantBumping this back up to see the changes from last year 07 to this year 08.
For the past 3 years, in my particular case, I have received smaller percentages.
This year is 3.16%
We’re passed the stage of not counting real inflation…..which is at least double my raise. In conclusion, one delusional 1st time buyer 🙂
P.S. I guess I should be thankfull for a “JOB”…as the economy is getting worse. I’ve lost most my co-workers this year (in SD).
-
July 22, 2008 at 4:57 PM #244931
SD Transplant
ParticipantBumping this back up to see the changes from last year 07 to this year 08.
For the past 3 years, in my particular case, I have received smaller percentages.
This year is 3.16%
We’re passed the stage of not counting real inflation…..which is at least double my raise. In conclusion, one delusional 1st time buyer 🙂
P.S. I guess I should be thankfull for a “JOB”…as the economy is getting worse. I’ve lost most my co-workers this year (in SD).
-
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August 16, 2007 at 6:42 AM #76310
Coronita
ParticipantWhen I left Motorola for Nokia, I did it on zero notice during the most time-intensive peak of an urgent high-visibility program at Motorola. Oh, and I was the only engineer who understood the phone's display design. My bosses were screwed and they knew it. They offered me a 30% raise on-the-spot to stay at Motorola, yet only a few months before they had only offered me a 3% annual salary increase. I turned down the 30% because I knew Moto was going down the toilet.
Ouch. Talk about burning bridges.
Some friendly advice. I wouldn't do this in San Diego or Bay Area. Despite the sheer number of companies in the Bay Area, everyone kind knows someone that ultimately worked with you. I can't count on the numerous times I was in a post-hiring meeting, when a candidate looked great, and talked great…BUT invariably someone "knew" that person at a previous company and had issues with performance/attitude/discipline/etc. This is especially the case if you plan on being in roles of higher visibility.
In San Diego, it's much worse. I invariably burned a bridge with one company, only to have it bite me when I was trying to work with folks from that company elsewhere.
As far as my big promotions and raise increases (20+%), they have always been accomplished when I moved between companies. (about 5 times over 10 years). Never been laid off (yet). Usually because, I've always moved before trouble started. And the easiest way to find a job for me was to talk to the people that I use to work with or use to manage. Funny how things work. Those that you manage you invariably work for in the future, and vice versa.
-
August 16, 2007 at 6:42 AM #76312
Coronita
ParticipantWhen I left Motorola for Nokia, I did it on zero notice during the most time-intensive peak of an urgent high-visibility program at Motorola. Oh, and I was the only engineer who understood the phone's display design. My bosses were screwed and they knew it. They offered me a 30% raise on-the-spot to stay at Motorola, yet only a few months before they had only offered me a 3% annual salary increase. I turned down the 30% because I knew Moto was going down the toilet.
Ouch. Talk about burning bridges.
Some friendly advice. I wouldn't do this in San Diego or Bay Area. Despite the sheer number of companies in the Bay Area, everyone kind knows someone that ultimately worked with you. I can't count on the numerous times I was in a post-hiring meeting, when a candidate looked great, and talked great…BUT invariably someone "knew" that person at a previous company and had issues with performance/attitude/discipline/etc. This is especially the case if you plan on being in roles of higher visibility.
In San Diego, it's much worse. I invariably burned a bridge with one company, only to have it bite me when I was trying to work with folks from that company elsewhere.
As far as my big promotions and raise increases (20+%), they have always been accomplished when I moved between companies. (about 5 times over 10 years). Never been laid off (yet). Usually because, I've always moved before trouble started. And the easiest way to find a job for me was to talk to the people that I use to work with or use to manage. Funny how things work. Those that you manage you invariably work for in the future, and vice versa.
-
July 23, 2008 at 8:50 AM #245120
LostCat
ParticipantO% this year. 5 years ago, I received a standard of living increase 3%, plus a merit increase up to 5%.
This year our budget is so tight, it either lay off people or stop giving them raises.
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July 23, 2008 at 9:21 AM #245130
yooklid
ParticipantI haven’t received a pay raise since March 2006. Probably won’t get one until March 2009. It generally goes that way with the company I’m with. I get raises every couple of years, but they’re substantial – 30% or so.
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July 23, 2008 at 9:21 AM #245276
yooklid
ParticipantI haven’t received a pay raise since March 2006. Probably won’t get one until March 2009. It generally goes that way with the company I’m with. I get raises every couple of years, but they’re substantial – 30% or so.
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July 23, 2008 at 9:21 AM #245284
yooklid
ParticipantI haven’t received a pay raise since March 2006. Probably won’t get one until March 2009. It generally goes that way with the company I’m with. I get raises every couple of years, but they’re substantial – 30% or so.
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July 23, 2008 at 9:21 AM #245340
yooklid
ParticipantI haven’t received a pay raise since March 2006. Probably won’t get one until March 2009. It generally goes that way with the company I’m with. I get raises every couple of years, but they’re substantial – 30% or so.
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July 23, 2008 at 9:21 AM #245348
yooklid
ParticipantI haven’t received a pay raise since March 2006. Probably won’t get one until March 2009. It generally goes that way with the company I’m with. I get raises every couple of years, but they’re substantial – 30% or so.
-
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July 23, 2008 at 8:50 AM #245266
LostCat
ParticipantO% this year. 5 years ago, I received a standard of living increase 3%, plus a merit increase up to 5%.
This year our budget is so tight, it either lay off people or stop giving them raises.
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July 23, 2008 at 8:50 AM #245273
LostCat
ParticipantO% this year. 5 years ago, I received a standard of living increase 3%, plus a merit increase up to 5%.
This year our budget is so tight, it either lay off people or stop giving them raises.
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July 23, 2008 at 8:50 AM #245330
LostCat
ParticipantO% this year. 5 years ago, I received a standard of living increase 3%, plus a merit increase up to 5%.
This year our budget is so tight, it either lay off people or stop giving them raises.
-
July 23, 2008 at 8:50 AM #245337
LostCat
ParticipantO% this year. 5 years ago, I received a standard of living increase 3%, plus a merit increase up to 5%.
This year our budget is so tight, it either lay off people or stop giving them raises.
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July 23, 2008 at 1:08 PM #245250
CricketOnTheHearth
ParticipantMy What???
In the past 8 years I’ve gotten maybe 2 raises of less than 2% each. I envy you folks who have been getting 3% raises each year. My/our pay hasn’t even tracked COLA increases.
Fortune 50 corporation, non-defense.
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July 23, 2008 at 1:08 PM #245398
CricketOnTheHearth
ParticipantMy What???
In the past 8 years I’ve gotten maybe 2 raises of less than 2% each. I envy you folks who have been getting 3% raises each year. My/our pay hasn’t even tracked COLA increases.
Fortune 50 corporation, non-defense.
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July 23, 2008 at 1:08 PM #245406
CricketOnTheHearth
ParticipantMy What???
In the past 8 years I’ve gotten maybe 2 raises of less than 2% each. I envy you folks who have been getting 3% raises each year. My/our pay hasn’t even tracked COLA increases.
Fortune 50 corporation, non-defense.
-
July 23, 2008 at 1:08 PM #245463
CricketOnTheHearth
ParticipantMy What???
In the past 8 years I’ve gotten maybe 2 raises of less than 2% each. I envy you folks who have been getting 3% raises each year. My/our pay hasn’t even tracked COLA increases.
Fortune 50 corporation, non-defense.
-
July 23, 2008 at 1:08 PM #245472
CricketOnTheHearth
ParticipantMy What???
In the past 8 years I’ve gotten maybe 2 raises of less than 2% each. I envy you folks who have been getting 3% raises each year. My/our pay hasn’t even tracked COLA increases.
Fortune 50 corporation, non-defense.
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July 24, 2008 at 9:12 AM #245932
UCGal
ParticipantIt’s nice to say that you can change jobs to get the increase… not so much in engineering or the building trades right now… there are job losses at the moment.
My husband is an architect… the firm he works for put everyone on a part time schedule hoping to keep the doors open till commercial real estate starts picking up again. They’re eking by with hospital work and tenant fit outs. But it’s a tight market right now.
I’m an engineer – most of the big employers are either laying off or holding steady.
My husband got a 3% raise in order to keep him from quitting. (He’s needed on some projects). I got a 2% raise. Wholesale inflation was 11% – so we’re not keeping up.
Resumes are out there – but it’s not exactly a good market for changing jobs unless you’re willing to change careers.
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July 24, 2008 at 9:41 AM #245977
NotCranky
ParticipantI agree with your post UCGal.
My raise this year will be about $800 month semi-passive income improvement from a rental unit I am building.
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July 24, 2008 at 9:41 AM #246126
NotCranky
ParticipantI agree with your post UCGal.
My raise this year will be about $800 month semi-passive income improvement from a rental unit I am building.
-
July 24, 2008 at 9:41 AM #246133
NotCranky
ParticipantI agree with your post UCGal.
My raise this year will be about $800 month semi-passive income improvement from a rental unit I am building.
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July 24, 2008 at 9:41 AM #246189
NotCranky
ParticipantI agree with your post UCGal.
My raise this year will be about $800 month semi-passive income improvement from a rental unit I am building.
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July 24, 2008 at 9:41 AM #246195
NotCranky
ParticipantI agree with your post UCGal.
My raise this year will be about $800 month semi-passive income improvement from a rental unit I am building.
-
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July 24, 2008 at 9:12 AM #246081
UCGal
ParticipantIt’s nice to say that you can change jobs to get the increase… not so much in engineering or the building trades right now… there are job losses at the moment.
My husband is an architect… the firm he works for put everyone on a part time schedule hoping to keep the doors open till commercial real estate starts picking up again. They’re eking by with hospital work and tenant fit outs. But it’s a tight market right now.
I’m an engineer – most of the big employers are either laying off or holding steady.
My husband got a 3% raise in order to keep him from quitting. (He’s needed on some projects). I got a 2% raise. Wholesale inflation was 11% – so we’re not keeping up.
Resumes are out there – but it’s not exactly a good market for changing jobs unless you’re willing to change careers.
-
July 24, 2008 at 9:12 AM #246088
UCGal
ParticipantIt’s nice to say that you can change jobs to get the increase… not so much in engineering or the building trades right now… there are job losses at the moment.
My husband is an architect… the firm he works for put everyone on a part time schedule hoping to keep the doors open till commercial real estate starts picking up again. They’re eking by with hospital work and tenant fit outs. But it’s a tight market right now.
I’m an engineer – most of the big employers are either laying off or holding steady.
My husband got a 3% raise in order to keep him from quitting. (He’s needed on some projects). I got a 2% raise. Wholesale inflation was 11% – so we’re not keeping up.
Resumes are out there – but it’s not exactly a good market for changing jobs unless you’re willing to change careers.
-
July 24, 2008 at 9:12 AM #246144
UCGal
ParticipantIt’s nice to say that you can change jobs to get the increase… not so much in engineering or the building trades right now… there are job losses at the moment.
My husband is an architect… the firm he works for put everyone on a part time schedule hoping to keep the doors open till commercial real estate starts picking up again. They’re eking by with hospital work and tenant fit outs. But it’s a tight market right now.
I’m an engineer – most of the big employers are either laying off or holding steady.
My husband got a 3% raise in order to keep him from quitting. (He’s needed on some projects). I got a 2% raise. Wholesale inflation was 11% – so we’re not keeping up.
Resumes are out there – but it’s not exactly a good market for changing jobs unless you’re willing to change careers.
-
July 24, 2008 at 9:12 AM #246150
UCGal
ParticipantIt’s nice to say that you can change jobs to get the increase… not so much in engineering or the building trades right now… there are job losses at the moment.
My husband is an architect… the firm he works for put everyone on a part time schedule hoping to keep the doors open till commercial real estate starts picking up again. They’re eking by with hospital work and tenant fit outs. But it’s a tight market right now.
I’m an engineer – most of the big employers are either laying off or holding steady.
My husband got a 3% raise in order to keep him from quitting. (He’s needed on some projects). I got a 2% raise. Wholesale inflation was 11% – so we’re not keeping up.
Resumes are out there – but it’s not exactly a good market for changing jobs unless you’re willing to change careers.
-
July 24, 2008 at 6:44 PM #246401
HarryBosch
Participant2% for me this year. I’ve been told that some in our group received no raises. However, I’m on a 60/40 split for my On-Target Earnings which means that my salary is 60% of my yearly OTE. The other 40% is commissions. So far I am on track to make my goals. Interesting, about 3 weeks ago I complained to my manager that my commissions for the first six months of this year were 30% for the same period last year. All of a sudden I am getting a whopping commission this month that brings me up to date and takes me over quite a bit above for the same period last year. Even though I know that I’ve been busting my butt and that I earned it I thought it interesting that it did conincide with my being a squeaky wheel gets the grease.
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July 24, 2008 at 6:44 PM #246552
HarryBosch
Participant2% for me this year. I’ve been told that some in our group received no raises. However, I’m on a 60/40 split for my On-Target Earnings which means that my salary is 60% of my yearly OTE. The other 40% is commissions. So far I am on track to make my goals. Interesting, about 3 weeks ago I complained to my manager that my commissions for the first six months of this year were 30% for the same period last year. All of a sudden I am getting a whopping commission this month that brings me up to date and takes me over quite a bit above for the same period last year. Even though I know that I’ve been busting my butt and that I earned it I thought it interesting that it did conincide with my being a squeaky wheel gets the grease.
-
July 24, 2008 at 6:44 PM #246558
HarryBosch
Participant2% for me this year. I’ve been told that some in our group received no raises. However, I’m on a 60/40 split for my On-Target Earnings which means that my salary is 60% of my yearly OTE. The other 40% is commissions. So far I am on track to make my goals. Interesting, about 3 weeks ago I complained to my manager that my commissions for the first six months of this year were 30% for the same period last year. All of a sudden I am getting a whopping commission this month that brings me up to date and takes me over quite a bit above for the same period last year. Even though I know that I’ve been busting my butt and that I earned it I thought it interesting that it did conincide with my being a squeaky wheel gets the grease.
-
July 24, 2008 at 6:44 PM #246614
HarryBosch
Participant2% for me this year. I’ve been told that some in our group received no raises. However, I’m on a 60/40 split for my On-Target Earnings which means that my salary is 60% of my yearly OTE. The other 40% is commissions. So far I am on track to make my goals. Interesting, about 3 weeks ago I complained to my manager that my commissions for the first six months of this year were 30% for the same period last year. All of a sudden I am getting a whopping commission this month that brings me up to date and takes me over quite a bit above for the same period last year. Even though I know that I’ve been busting my butt and that I earned it I thought it interesting that it did conincide with my being a squeaky wheel gets the grease.
-
July 24, 2008 at 6:44 PM #246620
HarryBosch
Participant2% for me this year. I’ve been told that some in our group received no raises. However, I’m on a 60/40 split for my On-Target Earnings which means that my salary is 60% of my yearly OTE. The other 40% is commissions. So far I am on track to make my goals. Interesting, about 3 weeks ago I complained to my manager that my commissions for the first six months of this year were 30% for the same period last year. All of a sudden I am getting a whopping commission this month that brings me up to date and takes me over quite a bit above for the same period last year. Even though I know that I’ve been busting my butt and that I earned it I thought it interesting that it did conincide with my being a squeaky wheel gets the grease.
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July 25, 2008 at 12:11 PM #246939
matula
Participant3% this year. Pretty much you got to move to a new
job to have better raises from what I have seen.-
June 15, 2009 at 3:08 PM #415975
SD Transplant
Participantwell, it’s time to compare notes from 2 yrs ago :).
I’ve got NADA/ZERO this year……(glad it wasn’t a pay cut…or worse – job loss)
How about you?
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June 15, 2009 at 3:08 PM #416213
SD Transplant
Participantwell, it’s time to compare notes from 2 yrs ago :).
I’ve got NADA/ZERO this year……(glad it wasn’t a pay cut…or worse – job loss)
How about you?
-
June 15, 2009 at 3:08 PM #416472
SD Transplant
Participantwell, it’s time to compare notes from 2 yrs ago :).
I’ve got NADA/ZERO this year……(glad it wasn’t a pay cut…or worse – job loss)
How about you?
-
June 15, 2009 at 3:08 PM #416539
SD Transplant
Participantwell, it’s time to compare notes from 2 yrs ago :).
I’ve got NADA/ZERO this year……(glad it wasn’t a pay cut…or worse – job loss)
How about you?
-
June 15, 2009 at 3:08 PM #416698
SD Transplant
Participantwell, it’s time to compare notes from 2 yrs ago :).
I’ve got NADA/ZERO this year……(glad it wasn’t a pay cut…or worse – job loss)
How about you?
-
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July 25, 2008 at 12:11 PM #247092
matula
Participant3% this year. Pretty much you got to move to a new
job to have better raises from what I have seen. -
July 25, 2008 at 12:11 PM #247098
matula
Participant3% this year. Pretty much you got to move to a new
job to have better raises from what I have seen. -
July 25, 2008 at 12:11 PM #247155
matula
Participant3% this year. Pretty much you got to move to a new
job to have better raises from what I have seen. -
July 25, 2008 at 12:11 PM #247161
matula
Participant3% this year. Pretty much you got to move to a new
job to have better raises from what I have seen. -
June 15, 2009 at 5:38 PM #416020
CDMA ENG
ParticipantMy pay raise was the CPI + (food and engergy inflation) * -1…
😛
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June 15, 2009 at 5:38 PM #416257
CDMA ENG
ParticipantMy pay raise was the CPI + (food and engergy inflation) * -1…
😛
-
June 15, 2009 at 5:38 PM #416517
CDMA ENG
ParticipantMy pay raise was the CPI + (food and engergy inflation) * -1…
😛
-
June 15, 2009 at 5:38 PM #416584
CDMA ENG
ParticipantMy pay raise was the CPI + (food and engergy inflation) * -1…
😛
-
June 15, 2009 at 5:38 PM #416742
CDMA ENG
ParticipantMy pay raise was the CPI + (food and engergy inflation) * -1…
😛
-
June 15, 2009 at 5:43 PM #416025
kev374
Participantraise? WTF is that?
I’m just thankful to have a job! We laid off about 1000 people at our company last week.-
June 15, 2009 at 6:08 PM #416035
partypup
ParticipantWe used to get 7% raises, now we’re down to 5%. I’m not complaining. We had a round of layoffs last Fall, and more spotty lay offs are occurring now. I’ve spoken to a few talent agents in the business, and there definitely seems to be a trend among them: salaries are being cut by 10% or more.
Oh, and we used to get bonuses that were roughly 30 – 40% of our salary. They were slashed in half this March (I’m not complaining! I wasn’t even expecting to get one this year), and we were informed in no uncertain terms that if the economy takes another dip (Gee, wonder if that will happen?) we should not expect to receive any bonuses for the foreseeable future…
I’ve got a contract through spring 2011, so I’m not especially worried – now. But the problem with layoffs is that the s*** just keeps piling up with fewer hands to deal with it. So the folks who “survive” a bloodletting just get reamed in a different way.
Never forget that hell can come in different forms. Unemployment is horrible, but 12-hour days that leave you primed for a heart attack and no time to spend with your family are no picnic, either.
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June 15, 2009 at 6:21 PM #416039
scaredyclassic
Participant-10% approx.
-
June 15, 2009 at 6:21 PM #416277
scaredyclassic
Participant-10% approx.
-
June 15, 2009 at 6:21 PM #416536
scaredyclassic
Participant-10% approx.
-
June 15, 2009 at 6:21 PM #416604
scaredyclassic
Participant-10% approx.
-
June 15, 2009 at 6:21 PM #416763
scaredyclassic
Participant-10% approx.
-
June 15, 2009 at 6:25 PM #416045
patb
ParticipantNo bonus in 2 years, 50% salary cut, but it looks better for next year.
-
June 15, 2009 at 7:03 PM #416079
UCGal
ParticipantRaises at my job were canceled across the board this year. Retirement benefits were also cut this year. But we got a bonus. Smaller than the formula calls for, but it was something. They would have cut the bonuses if they could have figured out a way to cut it for the workers and still have the corporate execs get full bonuses.
My husband is out of work at the moment… This time last year things had slowed to part time… There’s no work in commercial architecture right now so he’s working on my “honey do” list. If his former firm gets work, he’s welcome back… but even the principal of the firm is collecting un-enjoyment insurance. He’s gone on some interviews but nothing has panned out yet.
Good thing we were/are savers… And very good thing we have been trimming our expenses for a while.
-
June 15, 2009 at 7:03 PM #416317
UCGal
ParticipantRaises at my job were canceled across the board this year. Retirement benefits were also cut this year. But we got a bonus. Smaller than the formula calls for, but it was something. They would have cut the bonuses if they could have figured out a way to cut it for the workers and still have the corporate execs get full bonuses.
My husband is out of work at the moment… This time last year things had slowed to part time… There’s no work in commercial architecture right now so he’s working on my “honey do” list. If his former firm gets work, he’s welcome back… but even the principal of the firm is collecting un-enjoyment insurance. He’s gone on some interviews but nothing has panned out yet.
Good thing we were/are savers… And very good thing we have been trimming our expenses for a while.
-
June 15, 2009 at 7:03 PM #416577
UCGal
ParticipantRaises at my job were canceled across the board this year. Retirement benefits were also cut this year. But we got a bonus. Smaller than the formula calls for, but it was something. They would have cut the bonuses if they could have figured out a way to cut it for the workers and still have the corporate execs get full bonuses.
My husband is out of work at the moment… This time last year things had slowed to part time… There’s no work in commercial architecture right now so he’s working on my “honey do” list. If his former firm gets work, he’s welcome back… but even the principal of the firm is collecting un-enjoyment insurance. He’s gone on some interviews but nothing has panned out yet.
Good thing we were/are savers… And very good thing we have been trimming our expenses for a while.
-
June 15, 2009 at 7:03 PM #416644
UCGal
ParticipantRaises at my job were canceled across the board this year. Retirement benefits were also cut this year. But we got a bonus. Smaller than the formula calls for, but it was something. They would have cut the bonuses if they could have figured out a way to cut it for the workers and still have the corporate execs get full bonuses.
My husband is out of work at the moment… This time last year things had slowed to part time… There’s no work in commercial architecture right now so he’s working on my “honey do” list. If his former firm gets work, he’s welcome back… but even the principal of the firm is collecting un-enjoyment insurance. He’s gone on some interviews but nothing has panned out yet.
Good thing we were/are savers… And very good thing we have been trimming our expenses for a while.
-
June 15, 2009 at 7:03 PM #416803
UCGal
ParticipantRaises at my job were canceled across the board this year. Retirement benefits were also cut this year. But we got a bonus. Smaller than the formula calls for, but it was something. They would have cut the bonuses if they could have figured out a way to cut it for the workers and still have the corporate execs get full bonuses.
My husband is out of work at the moment… This time last year things had slowed to part time… There’s no work in commercial architecture right now so he’s working on my “honey do” list. If his former firm gets work, he’s welcome back… but even the principal of the firm is collecting un-enjoyment insurance. He’s gone on some interviews but nothing has panned out yet.
Good thing we were/are savers… And very good thing we have been trimming our expenses for a while.
-
June 15, 2009 at 6:25 PM #416282
patb
ParticipantNo bonus in 2 years, 50% salary cut, but it looks better for next year.
-
June 15, 2009 at 6:25 PM #416542
patb
ParticipantNo bonus in 2 years, 50% salary cut, but it looks better for next year.
-
June 15, 2009 at 6:25 PM #416609
patb
ParticipantNo bonus in 2 years, 50% salary cut, but it looks better for next year.
-
June 15, 2009 at 6:25 PM #416768
patb
ParticipantNo bonus in 2 years, 50% salary cut, but it looks better for next year.
-
-
June 15, 2009 at 6:08 PM #416272
partypup
ParticipantWe used to get 7% raises, now we’re down to 5%. I’m not complaining. We had a round of layoffs last Fall, and more spotty lay offs are occurring now. I’ve spoken to a few talent agents in the business, and there definitely seems to be a trend among them: salaries are being cut by 10% or more.
Oh, and we used to get bonuses that were roughly 30 – 40% of our salary. They were slashed in half this March (I’m not complaining! I wasn’t even expecting to get one this year), and we were informed in no uncertain terms that if the economy takes another dip (Gee, wonder if that will happen?) we should not expect to receive any bonuses for the foreseeable future…
I’ve got a contract through spring 2011, so I’m not especially worried – now. But the problem with layoffs is that the s*** just keeps piling up with fewer hands to deal with it. So the folks who “survive” a bloodletting just get reamed in a different way.
Never forget that hell can come in different forms. Unemployment is horrible, but 12-hour days that leave you primed for a heart attack and no time to spend with your family are no picnic, either.
-
June 15, 2009 at 6:08 PM #416532
partypup
ParticipantWe used to get 7% raises, now we’re down to 5%. I’m not complaining. We had a round of layoffs last Fall, and more spotty lay offs are occurring now. I’ve spoken to a few talent agents in the business, and there definitely seems to be a trend among them: salaries are being cut by 10% or more.
Oh, and we used to get bonuses that were roughly 30 – 40% of our salary. They were slashed in half this March (I’m not complaining! I wasn’t even expecting to get one this year), and we were informed in no uncertain terms that if the economy takes another dip (Gee, wonder if that will happen?) we should not expect to receive any bonuses for the foreseeable future…
I’ve got a contract through spring 2011, so I’m not especially worried – now. But the problem with layoffs is that the s*** just keeps piling up with fewer hands to deal with it. So the folks who “survive” a bloodletting just get reamed in a different way.
Never forget that hell can come in different forms. Unemployment is horrible, but 12-hour days that leave you primed for a heart attack and no time to spend with your family are no picnic, either.
-
June 15, 2009 at 6:08 PM #416599
partypup
ParticipantWe used to get 7% raises, now we’re down to 5%. I’m not complaining. We had a round of layoffs last Fall, and more spotty lay offs are occurring now. I’ve spoken to a few talent agents in the business, and there definitely seems to be a trend among them: salaries are being cut by 10% or more.
Oh, and we used to get bonuses that were roughly 30 – 40% of our salary. They were slashed in half this March (I’m not complaining! I wasn’t even expecting to get one this year), and we were informed in no uncertain terms that if the economy takes another dip (Gee, wonder if that will happen?) we should not expect to receive any bonuses for the foreseeable future…
I’ve got a contract through spring 2011, so I’m not especially worried – now. But the problem with layoffs is that the s*** just keeps piling up with fewer hands to deal with it. So the folks who “survive” a bloodletting just get reamed in a different way.
Never forget that hell can come in different forms. Unemployment is horrible, but 12-hour days that leave you primed for a heart attack and no time to spend with your family are no picnic, either.
-
June 15, 2009 at 6:08 PM #416757
partypup
ParticipantWe used to get 7% raises, now we’re down to 5%. I’m not complaining. We had a round of layoffs last Fall, and more spotty lay offs are occurring now. I’ve spoken to a few talent agents in the business, and there definitely seems to be a trend among them: salaries are being cut by 10% or more.
Oh, and we used to get bonuses that were roughly 30 – 40% of our salary. They were slashed in half this March (I’m not complaining! I wasn’t even expecting to get one this year), and we were informed in no uncertain terms that if the economy takes another dip (Gee, wonder if that will happen?) we should not expect to receive any bonuses for the foreseeable future…
I’ve got a contract through spring 2011, so I’m not especially worried – now. But the problem with layoffs is that the s*** just keeps piling up with fewer hands to deal with it. So the folks who “survive” a bloodletting just get reamed in a different way.
Never forget that hell can come in different forms. Unemployment is horrible, but 12-hour days that leave you primed for a heart attack and no time to spend with your family are no picnic, either.
-
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June 15, 2009 at 5:43 PM #416262
kev374
Participantraise? WTF is that?
I’m just thankful to have a job! We laid off about 1000 people at our company last week. -
June 15, 2009 at 5:43 PM #416522
kev374
Participantraise? WTF is that?
I’m just thankful to have a job! We laid off about 1000 people at our company last week. -
June 15, 2009 at 5:43 PM #416589
kev374
Participantraise? WTF is that?
I’m just thankful to have a job! We laid off about 1000 people at our company last week. -
June 15, 2009 at 5:43 PM #416747
kev374
Participantraise? WTF is that?
I’m just thankful to have a job! We laid off about 1000 people at our company last week. -
June 15, 2009 at 7:18 PM #416084
AK
ParticipantBig fat goose egg. But at least I still have a job.
This week.
-
June 15, 2009 at 7:33 PM #416089
SDEngineer
ParticipantZero. Company-wide freeze on all raises this year aside from promotions to a new pay grade.
However, they kept the bonus plan – since the bonus plan paid close to 10% of base salary for my pay grade this year, I’m happy, since if they had done the reverse (dumped the bonus plan and kept the raises) my take home probably would’ve been significantly less.
-
June 15, 2009 at 7:33 PM #416327
SDEngineer
ParticipantZero. Company-wide freeze on all raises this year aside from promotions to a new pay grade.
However, they kept the bonus plan – since the bonus plan paid close to 10% of base salary for my pay grade this year, I’m happy, since if they had done the reverse (dumped the bonus plan and kept the raises) my take home probably would’ve been significantly less.
-
June 15, 2009 at 7:33 PM #416587
SDEngineer
ParticipantZero. Company-wide freeze on all raises this year aside from promotions to a new pay grade.
However, they kept the bonus plan – since the bonus plan paid close to 10% of base salary for my pay grade this year, I’m happy, since if they had done the reverse (dumped the bonus plan and kept the raises) my take home probably would’ve been significantly less.
-
June 15, 2009 at 7:33 PM #416654
SDEngineer
ParticipantZero. Company-wide freeze on all raises this year aside from promotions to a new pay grade.
However, they kept the bonus plan – since the bonus plan paid close to 10% of base salary for my pay grade this year, I’m happy, since if they had done the reverse (dumped the bonus plan and kept the raises) my take home probably would’ve been significantly less.
-
June 15, 2009 at 7:33 PM #416812
SDEngineer
ParticipantZero. Company-wide freeze on all raises this year aside from promotions to a new pay grade.
However, they kept the bonus plan – since the bonus plan paid close to 10% of base salary for my pay grade this year, I’m happy, since if they had done the reverse (dumped the bonus plan and kept the raises) my take home probably would’ve been significantly less.
-
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June 15, 2009 at 7:18 PM #416322
AK
ParticipantBig fat goose egg. But at least I still have a job.
This week.
-
June 15, 2009 at 7:18 PM #416582
AK
ParticipantBig fat goose egg. But at least I still have a job.
This week.
-
June 15, 2009 at 7:18 PM #416649
AK
ParticipantBig fat goose egg. But at least I still have a job.
This week.
-
June 15, 2009 at 7:18 PM #416808
AK
ParticipantBig fat goose egg. But at least I still have a job.
This week.
-
June 15, 2009 at 7:43 PM #416094
JerseyGrl
ParticipantI got a pay cut; buy I got to keep my job……………..
-
June 15, 2009 at 8:32 PM #416114
propertysearchaddiction
ParticipantNo base pay increase. Our pay is 40% base 60% bonus. You have to ask for a base increase.
-
June 15, 2009 at 8:32 PM #416352
propertysearchaddiction
ParticipantNo base pay increase. Our pay is 40% base 60% bonus. You have to ask for a base increase.
-
June 15, 2009 at 8:32 PM #416612
propertysearchaddiction
ParticipantNo base pay increase. Our pay is 40% base 60% bonus. You have to ask for a base increase.
-
June 15, 2009 at 8:32 PM #416678
propertysearchaddiction
ParticipantNo base pay increase. Our pay is 40% base 60% bonus. You have to ask for a base increase.
-
June 15, 2009 at 8:32 PM #416838
propertysearchaddiction
ParticipantNo base pay increase. Our pay is 40% base 60% bonus. You have to ask for a base increase.
-
-
June 15, 2009 at 7:43 PM #416332
JerseyGrl
ParticipantI got a pay cut; buy I got to keep my job……………..
-
June 15, 2009 at 7:43 PM #416592
JerseyGrl
ParticipantI got a pay cut; buy I got to keep my job……………..
-
June 15, 2009 at 7:43 PM #416659
JerseyGrl
ParticipantI got a pay cut; buy I got to keep my job……………..
-
June 15, 2009 at 7:43 PM #416817
JerseyGrl
ParticipantI got a pay cut; buy I got to keep my job……………..
-
June 15, 2009 at 8:22 PM #416099
Coronita
Participant4.5% and 16.9% bonus…Also trying to close a deal on my side business which should be a nice bonus pre-obama taxes…and get to keep telecommuting.
-
June 15, 2009 at 8:22 PM #416337
Coronita
Participant4.5% and 16.9% bonus…Also trying to close a deal on my side business which should be a nice bonus pre-obama taxes…and get to keep telecommuting.
-
June 15, 2009 at 8:22 PM #416597
Coronita
Participant4.5% and 16.9% bonus…Also trying to close a deal on my side business which should be a nice bonus pre-obama taxes…and get to keep telecommuting.
-
June 15, 2009 at 8:22 PM #416664
Coronita
Participant4.5% and 16.9% bonus…Also trying to close a deal on my side business which should be a nice bonus pre-obama taxes…and get to keep telecommuting.
-
June 15, 2009 at 8:22 PM #416822
Coronita
Participant4.5% and 16.9% bonus…Also trying to close a deal on my side business which should be a nice bonus pre-obama taxes…and get to keep telecommuting.
-
June 15, 2009 at 9:10 PM #416134
barnaby33
ParticipantI got a raise last September, I think it was 3.9%. That was more than I was expecting. Plus I got to spend two months in Oz, which to me was better than a raise anyway. Our xmas bonuses were cancelled in December, and if I have a job, I doubt there will be any raise or bonus this year.
Seriously though, I am not complaining. I like the company I work for and am happy to have a job.
Josh
-
June 15, 2009 at 9:10 PM #416372
barnaby33
ParticipantI got a raise last September, I think it was 3.9%. That was more than I was expecting. Plus I got to spend two months in Oz, which to me was better than a raise anyway. Our xmas bonuses were cancelled in December, and if I have a job, I doubt there will be any raise or bonus this year.
Seriously though, I am not complaining. I like the company I work for and am happy to have a job.
Josh
-
June 15, 2009 at 9:10 PM #416632
barnaby33
ParticipantI got a raise last September, I think it was 3.9%. That was more than I was expecting. Plus I got to spend two months in Oz, which to me was better than a raise anyway. Our xmas bonuses were cancelled in December, and if I have a job, I doubt there will be any raise or bonus this year.
Seriously though, I am not complaining. I like the company I work for and am happy to have a job.
Josh
-
June 15, 2009 at 9:10 PM #416699
barnaby33
ParticipantI got a raise last September, I think it was 3.9%. That was more than I was expecting. Plus I got to spend two months in Oz, which to me was better than a raise anyway. Our xmas bonuses were cancelled in December, and if I have a job, I doubt there will be any raise or bonus this year.
Seriously though, I am not complaining. I like the company I work for and am happy to have a job.
Josh
-
June 15, 2009 at 9:10 PM #416858
barnaby33
ParticipantI got a raise last September, I think it was 3.9%. That was more than I was expecting. Plus I got to spend two months in Oz, which to me was better than a raise anyway. Our xmas bonuses were cancelled in December, and if I have a job, I doubt there will be any raise or bonus this year.
Seriously though, I am not complaining. I like the company I work for and am happy to have a job.
Josh
-
June 16, 2009 at 6:09 AM #416200
Nor-LA-SD-guy
ParticipantAbout 3% last year, not expecting anything this year (even though my performance review was excellent, At least I have a copy of that),
I wish to be more like FLU, in fact I think I will put that as my goal for next year !!
-
June 16, 2009 at 9:08 AM #416230
sd_bear
Participant0% this year. 5% bonus. 99% approved for promotion but executives won’t sign off on any promotions right now.
-
June 16, 2009 at 9:08 AM #416467
sd_bear
Participant0% this year. 5% bonus. 99% approved for promotion but executives won’t sign off on any promotions right now.
-
June 16, 2009 at 9:08 AM #416729
sd_bear
Participant0% this year. 5% bonus. 99% approved for promotion but executives won’t sign off on any promotions right now.
-
June 16, 2009 at 9:08 AM #416796
sd_bear
Participant0% this year. 5% bonus. 99% approved for promotion but executives won’t sign off on any promotions right now.
-
June 16, 2009 at 9:08 AM #416954
sd_bear
Participant0% this year. 5% bonus. 99% approved for promotion but executives won’t sign off on any promotions right now.
-
-
June 16, 2009 at 6:09 AM #416437
Nor-LA-SD-guy
ParticipantAbout 3% last year, not expecting anything this year (even though my performance review was excellent, At least I have a copy of that),
I wish to be more like FLU, in fact I think I will put that as my goal for next year !!
-
June 16, 2009 at 6:09 AM #416700
Nor-LA-SD-guy
ParticipantAbout 3% last year, not expecting anything this year (even though my performance review was excellent, At least I have a copy of that),
I wish to be more like FLU, in fact I think I will put that as my goal for next year !!
-
June 16, 2009 at 6:09 AM #416766
Nor-LA-SD-guy
ParticipantAbout 3% last year, not expecting anything this year (even though my performance review was excellent, At least I have a copy of that),
I wish to be more like FLU, in fact I think I will put that as my goal for next year !!
-
June 16, 2009 at 6:09 AM #416924
Nor-LA-SD-guy
ParticipantAbout 3% last year, not expecting anything this year (even though my performance review was excellent, At least I have a copy of that),
I wish to be more like FLU, in fact I think I will put that as my goal for next year !!
-
June 16, 2009 at 9:44 AM #416260
fun4vnay2
ParticipantMy reviews are still months away but in my company we have a raise freeze, bonuses suspended
Everyone reports they got excellent reviews, no slackers here ::
C’Mon Guys
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June 16, 2009 at 9:44 AM #416498
fun4vnay2
ParticipantMy reviews are still months away but in my company we have a raise freeze, bonuses suspended
Everyone reports they got excellent reviews, no slackers here ::
C’Mon Guys
-
June 16, 2009 at 9:44 AM #416759
fun4vnay2
ParticipantMy reviews are still months away but in my company we have a raise freeze, bonuses suspended
Everyone reports they got excellent reviews, no slackers here ::
C’Mon Guys
-
June 16, 2009 at 9:44 AM #416826
fun4vnay2
ParticipantMy reviews are still months away but in my company we have a raise freeze, bonuses suspended
Everyone reports they got excellent reviews, no slackers here ::
C’Mon Guys
-
June 16, 2009 at 9:44 AM #416984
fun4vnay2
ParticipantMy reviews are still months away but in my company we have a raise freeze, bonuses suspended
Everyone reports they got excellent reviews, no slackers here ::
C’Mon Guys
-
June 16, 2009 at 9:49 AM #416265
drboom
ParticipantMy wife is currently the breadwinner (public school teacher), and her district just did a 3% pay cut. Half is for the 09/10 school year only, and the rest is permanent. The net effect after accounting for another year of service is about $40/mo. less (net) than this year. That’s $190/mo. less than we planned on, but at least she isn’t getting laid off like a lot of her peers.
OTOH, days were cut from the calendar so I don’t think we have anything to complain about. Teachers, especially highly degreed/certificated teachers, make decent money and have good benefits.
Speaking of benefits, it will be interesting to see what they do with health insurance contributions later this year. That already amounts to over 11% ($6500/yr. out of $57.5k gross) of pretax income for our family.
-
June 16, 2009 at 9:49 AM #416503
drboom
ParticipantMy wife is currently the breadwinner (public school teacher), and her district just did a 3% pay cut. Half is for the 09/10 school year only, and the rest is permanent. The net effect after accounting for another year of service is about $40/mo. less (net) than this year. That’s $190/mo. less than we planned on, but at least she isn’t getting laid off like a lot of her peers.
OTOH, days were cut from the calendar so I don’t think we have anything to complain about. Teachers, especially highly degreed/certificated teachers, make decent money and have good benefits.
Speaking of benefits, it will be interesting to see what they do with health insurance contributions later this year. That already amounts to over 11% ($6500/yr. out of $57.5k gross) of pretax income for our family.
-
June 16, 2009 at 9:49 AM #416764
drboom
ParticipantMy wife is currently the breadwinner (public school teacher), and her district just did a 3% pay cut. Half is for the 09/10 school year only, and the rest is permanent. The net effect after accounting for another year of service is about $40/mo. less (net) than this year. That’s $190/mo. less than we planned on, but at least she isn’t getting laid off like a lot of her peers.
OTOH, days were cut from the calendar so I don’t think we have anything to complain about. Teachers, especially highly degreed/certificated teachers, make decent money and have good benefits.
Speaking of benefits, it will be interesting to see what they do with health insurance contributions later this year. That already amounts to over 11% ($6500/yr. out of $57.5k gross) of pretax income for our family.
-
June 16, 2009 at 9:49 AM #416831
drboom
ParticipantMy wife is currently the breadwinner (public school teacher), and her district just did a 3% pay cut. Half is for the 09/10 school year only, and the rest is permanent. The net effect after accounting for another year of service is about $40/mo. less (net) than this year. That’s $190/mo. less than we planned on, but at least she isn’t getting laid off like a lot of her peers.
OTOH, days were cut from the calendar so I don’t think we have anything to complain about. Teachers, especially highly degreed/certificated teachers, make decent money and have good benefits.
Speaking of benefits, it will be interesting to see what they do with health insurance contributions later this year. That already amounts to over 11% ($6500/yr. out of $57.5k gross) of pretax income for our family.
-
June 16, 2009 at 9:49 AM #416989
drboom
ParticipantMy wife is currently the breadwinner (public school teacher), and her district just did a 3% pay cut. Half is for the 09/10 school year only, and the rest is permanent. The net effect after accounting for another year of service is about $40/mo. less (net) than this year. That’s $190/mo. less than we planned on, but at least she isn’t getting laid off like a lot of her peers.
OTOH, days were cut from the calendar so I don’t think we have anything to complain about. Teachers, especially highly degreed/certificated teachers, make decent money and have good benefits.
Speaking of benefits, it will be interesting to see what they do with health insurance contributions later this year. That already amounts to over 11% ($6500/yr. out of $57.5k gross) of pretax income for our family.
-
June 16, 2009 at 10:32 AM #416285
JustLurking
ParticipantRaises at my company ranged from 5% to 8% this year. One person got zero, but that is just because I don’t have the heart to fire someone in this economy. That employee is currently on a performance plan (aka on thin ice) so may not be employed much longer.
-
June 17, 2009 at 10:11 PM #417005
LJ_UCSD
ParticipantUC is getting hit hard –
http://ucsdnews.ucsd.edu/PDF/UCOPCostReductOpt.pdf8% cut for 2009/2010 (or equivalent with unpaid days, three options are being considered)
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June 18, 2009 at 5:42 PM #417199
bobby
Participant20% increase in net income – we acquired another business.
However, if you consider the amount we paid for this business, then it’s actually 50% decrease in net income.
🙂 -
June 18, 2009 at 5:42 PM #417433
bobby
Participant20% increase in net income – we acquired another business.
However, if you consider the amount we paid for this business, then it’s actually 50% decrease in net income.
🙂 -
June 18, 2009 at 5:42 PM #417698
bobby
Participant20% increase in net income – we acquired another business.
However, if you consider the amount we paid for this business, then it’s actually 50% decrease in net income.
🙂 -
June 18, 2009 at 5:42 PM #417764
bobby
Participant20% increase in net income – we acquired another business.
However, if you consider the amount we paid for this business, then it’s actually 50% decrease in net income.
🙂 -
June 18, 2009 at 5:42 PM #417925
bobby
Participant20% increase in net income – we acquired another business.
However, if you consider the amount we paid for this business, then it’s actually 50% decrease in net income.
🙂 -
June 19, 2009 at 9:51 AM #417403
Scarlett
Participant[quote=LJ_UCSD]UC is getting hit hard –
http://ucsdnews.ucsd.edu/PDF/UCOPCostReductOpt.pdf8% cut for 2009/2010 (or equivalent with unpaid days, three options are being considered)
[/quote]
My husband is in the same situation, at UCSD.
I didn’t get any raise either. And my company stopped matching the 3% for 401k. Still, it’s good to not HAVE to look for jobs. -
May 13, 2010 at 2:10 PM #549968
SD Transplant
ParticipantOk, time to revive this so please sound off for 2010 numbers. I don’t have anything on my side, but curious about other industries
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May 13, 2010 at 2:34 PM #549999
UCGal
Participant[quote=SD Transplant]Ok, time to revive this so please sound off for 2010 numbers. I don’t have anything on my side, but curious about other industries[/quote]
Here are our data points from the past year.
My job (engineer): another 0% raise. Total salary freeze going on – even folks who got promotions are getting their old pay. Next month they will reinstated the 401k match, though. We got bonuses – but again they were much smaller than the formula/metrics called for.
Hubby’s job (architect): No raise. He was unemployed for several months last year and working half time since. We fully expect him to be unemployed again in the near future as there are no new contracts in his office. Also his employer has been cleaning house wrt records, etc… It looks like he’s going to retire and shut the doors. (It’s a small shop – owner + 2 part time employees – down from about 20 employees 3-4 years ago.)
We are living the statistic of real wages being lower YOY.
-
May 13, 2010 at 2:34 PM #550109
UCGal
Participant[quote=SD Transplant]Ok, time to revive this so please sound off for 2010 numbers. I don’t have anything on my side, but curious about other industries[/quote]
Here are our data points from the past year.
My job (engineer): another 0% raise. Total salary freeze going on – even folks who got promotions are getting their old pay. Next month they will reinstated the 401k match, though. We got bonuses – but again they were much smaller than the formula/metrics called for.
Hubby’s job (architect): No raise. He was unemployed for several months last year and working half time since. We fully expect him to be unemployed again in the near future as there are no new contracts in his office. Also his employer has been cleaning house wrt records, etc… It looks like he’s going to retire and shut the doors. (It’s a small shop – owner + 2 part time employees – down from about 20 employees 3-4 years ago.)
We are living the statistic of real wages being lower YOY.
-
May 13, 2010 at 2:34 PM #550601
UCGal
Participant[quote=SD Transplant]Ok, time to revive this so please sound off for 2010 numbers. I don’t have anything on my side, but curious about other industries[/quote]
Here are our data points from the past year.
My job (engineer): another 0% raise. Total salary freeze going on – even folks who got promotions are getting their old pay. Next month they will reinstated the 401k match, though. We got bonuses – but again they were much smaller than the formula/metrics called for.
Hubby’s job (architect): No raise. He was unemployed for several months last year and working half time since. We fully expect him to be unemployed again in the near future as there are no new contracts in his office. Also his employer has been cleaning house wrt records, etc… It looks like he’s going to retire and shut the doors. (It’s a small shop – owner + 2 part time employees – down from about 20 employees 3-4 years ago.)
We are living the statistic of real wages being lower YOY.
-
May 13, 2010 at 2:34 PM #550700
UCGal
Participant[quote=SD Transplant]Ok, time to revive this so please sound off for 2010 numbers. I don’t have anything on my side, but curious about other industries[/quote]
Here are our data points from the past year.
My job (engineer): another 0% raise. Total salary freeze going on – even folks who got promotions are getting their old pay. Next month they will reinstated the 401k match, though. We got bonuses – but again they were much smaller than the formula/metrics called for.
Hubby’s job (architect): No raise. He was unemployed for several months last year and working half time since. We fully expect him to be unemployed again in the near future as there are no new contracts in his office. Also his employer has been cleaning house wrt records, etc… It looks like he’s going to retire and shut the doors. (It’s a small shop – owner + 2 part time employees – down from about 20 employees 3-4 years ago.)
We are living the statistic of real wages being lower YOY.
-
May 13, 2010 at 2:34 PM #550978
UCGal
Participant[quote=SD Transplant]Ok, time to revive this so please sound off for 2010 numbers. I don’t have anything on my side, but curious about other industries[/quote]
Here are our data points from the past year.
My job (engineer): another 0% raise. Total salary freeze going on – even folks who got promotions are getting their old pay. Next month they will reinstated the 401k match, though. We got bonuses – but again they were much smaller than the formula/metrics called for.
Hubby’s job (architect): No raise. He was unemployed for several months last year and working half time since. We fully expect him to be unemployed again in the near future as there are no new contracts in his office. Also his employer has been cleaning house wrt records, etc… It looks like he’s going to retire and shut the doors. (It’s a small shop – owner + 2 part time employees – down from about 20 employees 3-4 years ago.)
We are living the statistic of real wages being lower YOY.
-
May 13, 2010 at 5:13 PM #550049
patientrenter
ParticipantMy increase was less than 2%, about average for my company. But the bonuses were decent. Mine totaled about 100% of salary. Better than last year. Which industry? The dreaded FIRE.
-
May 13, 2010 at 5:13 PM #550159
patientrenter
ParticipantMy increase was less than 2%, about average for my company. But the bonuses were decent. Mine totaled about 100% of salary. Better than last year. Which industry? The dreaded FIRE.
-
May 13, 2010 at 5:13 PM #550651
patientrenter
ParticipantMy increase was less than 2%, about average for my company. But the bonuses were decent. Mine totaled about 100% of salary. Better than last year. Which industry? The dreaded FIRE.
-
May 13, 2010 at 5:13 PM #550750
patientrenter
ParticipantMy increase was less than 2%, about average for my company. But the bonuses were decent. Mine totaled about 100% of salary. Better than last year. Which industry? The dreaded FIRE.
-
May 13, 2010 at 5:13 PM #551028
patientrenter
ParticipantMy increase was less than 2%, about average for my company. But the bonuses were decent. Mine totaled about 100% of salary. Better than last year. Which industry? The dreaded FIRE.
-
May 13, 2010 at 11:22 PM #550148
Cube
ParticipantSoftware Engineer, ~1.5% raise, but 401K match was chopped in half, employee health plan contribution up, benefits down (higher copays, higher deductibles), some perks chopped as well.
Net, about a 7% pay cut. Good to have a job though, I suppose.
-
May 13, 2010 at 11:22 PM #550256
Cube
ParticipantSoftware Engineer, ~1.5% raise, but 401K match was chopped in half, employee health plan contribution up, benefits down (higher copays, higher deductibles), some perks chopped as well.
Net, about a 7% pay cut. Good to have a job though, I suppose.
-
May 13, 2010 at 11:22 PM #550747
Cube
ParticipantSoftware Engineer, ~1.5% raise, but 401K match was chopped in half, employee health plan contribution up, benefits down (higher copays, higher deductibles), some perks chopped as well.
Net, about a 7% pay cut. Good to have a job though, I suppose.
-
May 13, 2010 at 11:22 PM #550846
Cube
ParticipantSoftware Engineer, ~1.5% raise, but 401K match was chopped in half, employee health plan contribution up, benefits down (higher copays, higher deductibles), some perks chopped as well.
Net, about a 7% pay cut. Good to have a job though, I suppose.
-
May 13, 2010 at 11:22 PM #551123
Cube
ParticipantSoftware Engineer, ~1.5% raise, but 401K match was chopped in half, employee health plan contribution up, benefits down (higher copays, higher deductibles), some perks chopped as well.
Net, about a 7% pay cut. Good to have a job though, I suppose.
-
May 14, 2010 at 10:37 AM #550258
AK
ParticipantIT, public sector, zero raise and no merit bonuses. Also increased pension plan contributions. Wish I had the kind of deal that Mish is always complaining about.
-
May 14, 2010 at 10:37 AM #550368
AK
ParticipantIT, public sector, zero raise and no merit bonuses. Also increased pension plan contributions. Wish I had the kind of deal that Mish is always complaining about.
-
May 14, 2010 at 10:37 AM #550855
AK
ParticipantIT, public sector, zero raise and no merit bonuses. Also increased pension plan contributions. Wish I had the kind of deal that Mish is always complaining about.
-
May 14, 2010 at 10:37 AM #550955
AK
ParticipantIT, public sector, zero raise and no merit bonuses. Also increased pension plan contributions. Wish I had the kind of deal that Mish is always complaining about.
-
May 14, 2010 at 10:37 AM #551233
AK
ParticipantIT, public sector, zero raise and no merit bonuses. Also increased pension plan contributions. Wish I had the kind of deal that Mish is always complaining about.
-
May 14, 2010 at 9:14 PM #550111
Anonymous
Guestin 2009 i got:
1) 401k match axed
2) 4week vacation accural cut to 2weeks
3) 3 float days axed
4) 10% pay cutso far this year we got 5% of the 10% pay cut back.
no raises on the horizon.glad to have a job
edit: i’m a sw eng. my team went from 12 to 2 in the beginning of 2009. the company went thru ~25% rif last month…
-
May 14, 2010 at 9:14 PM #550220
Anonymous
Guestin 2009 i got:
1) 401k match axed
2) 4week vacation accural cut to 2weeks
3) 3 float days axed
4) 10% pay cutso far this year we got 5% of the 10% pay cut back.
no raises on the horizon.glad to have a job
edit: i’m a sw eng. my team went from 12 to 2 in the beginning of 2009. the company went thru ~25% rif last month…
-
May 14, 2010 at 9:14 PM #550712
Anonymous
Guestin 2009 i got:
1) 401k match axed
2) 4week vacation accural cut to 2weeks
3) 3 float days axed
4) 10% pay cutso far this year we got 5% of the 10% pay cut back.
no raises on the horizon.glad to have a job
edit: i’m a sw eng. my team went from 12 to 2 in the beginning of 2009. the company went thru ~25% rif last month…
-
May 14, 2010 at 9:14 PM #550811
Anonymous
Guestin 2009 i got:
1) 401k match axed
2) 4week vacation accural cut to 2weeks
3) 3 float days axed
4) 10% pay cutso far this year we got 5% of the 10% pay cut back.
no raises on the horizon.glad to have a job
edit: i’m a sw eng. my team went from 12 to 2 in the beginning of 2009. the company went thru ~25% rif last month…
-
May 14, 2010 at 9:14 PM #551088
Anonymous
Guestin 2009 i got:
1) 401k match axed
2) 4week vacation accural cut to 2weeks
3) 3 float days axed
4) 10% pay cutso far this year we got 5% of the 10% pay cut back.
no raises on the horizon.glad to have a job
edit: i’m a sw eng. my team went from 12 to 2 in the beginning of 2009. the company went thru ~25% rif last month…
-
May 13, 2010 at 2:10 PM #550079
SD Transplant
ParticipantOk, time to revive this so please sound off for 2010 numbers. I don’t have anything on my side, but curious about other industries
-
May 13, 2010 at 2:10 PM #550571
SD Transplant
ParticipantOk, time to revive this so please sound off for 2010 numbers. I don’t have anything on my side, but curious about other industries
-
May 13, 2010 at 2:10 PM #550670
SD Transplant
ParticipantOk, time to revive this so please sound off for 2010 numbers. I don’t have anything on my side, but curious about other industries
-
May 13, 2010 at 2:10 PM #550948
SD Transplant
ParticipantOk, time to revive this so please sound off for 2010 numbers. I don’t have anything on my side, but curious about other industries
-
June 19, 2009 at 9:51 AM #417638
Scarlett
Participant[quote=LJ_UCSD]UC is getting hit hard –
http://ucsdnews.ucsd.edu/PDF/UCOPCostReductOpt.pdf8% cut for 2009/2010 (or equivalent with unpaid days, three options are being considered)
[/quote]
My husband is in the same situation, at UCSD.
I didn’t get any raise either. And my company stopped matching the 3% for 401k. Still, it’s good to not HAVE to look for jobs. -
June 19, 2009 at 9:51 AM #417904
Scarlett
Participant[quote=LJ_UCSD]UC is getting hit hard –
http://ucsdnews.ucsd.edu/PDF/UCOPCostReductOpt.pdf8% cut for 2009/2010 (or equivalent with unpaid days, three options are being considered)
[/quote]
My husband is in the same situation, at UCSD.
I didn’t get any raise either. And my company stopped matching the 3% for 401k. Still, it’s good to not HAVE to look for jobs. -
June 19, 2009 at 9:51 AM #417967
Scarlett
Participant[quote=LJ_UCSD]UC is getting hit hard –
http://ucsdnews.ucsd.edu/PDF/UCOPCostReductOpt.pdf8% cut for 2009/2010 (or equivalent with unpaid days, three options are being considered)
[/quote]
My husband is in the same situation, at UCSD.
I didn’t get any raise either. And my company stopped matching the 3% for 401k. Still, it’s good to not HAVE to look for jobs. -
June 19, 2009 at 9:51 AM #418127
Scarlett
Participant[quote=LJ_UCSD]UC is getting hit hard –
http://ucsdnews.ucsd.edu/PDF/UCOPCostReductOpt.pdf8% cut for 2009/2010 (or equivalent with unpaid days, three options are being considered)
[/quote]
My husband is in the same situation, at UCSD.
I didn’t get any raise either. And my company stopped matching the 3% for 401k. Still, it’s good to not HAVE to look for jobs.
-
-
June 17, 2009 at 10:11 PM #417242
LJ_UCSD
ParticipantUC is getting hit hard –
http://ucsdnews.ucsd.edu/PDF/UCOPCostReductOpt.pdf8% cut for 2009/2010 (or equivalent with unpaid days, three options are being considered)
-
June 17, 2009 at 10:11 PM #417504
LJ_UCSD
ParticipantUC is getting hit hard –
http://ucsdnews.ucsd.edu/PDF/UCOPCostReductOpt.pdf8% cut for 2009/2010 (or equivalent with unpaid days, three options are being considered)
-
June 17, 2009 at 10:11 PM #417570
LJ_UCSD
ParticipantUC is getting hit hard –
http://ucsdnews.ucsd.edu/PDF/UCOPCostReductOpt.pdf8% cut for 2009/2010 (or equivalent with unpaid days, three options are being considered)
-
June 17, 2009 at 10:11 PM #417731
LJ_UCSD
ParticipantUC is getting hit hard –
http://ucsdnews.ucsd.edu/PDF/UCOPCostReductOpt.pdf8% cut for 2009/2010 (or equivalent with unpaid days, three options are being considered)
-
-
June 16, 2009 at 10:32 AM #416523
JustLurking
ParticipantRaises at my company ranged from 5% to 8% this year. One person got zero, but that is just because I don’t have the heart to fire someone in this economy. That employee is currently on a performance plan (aka on thin ice) so may not be employed much longer.
-
June 16, 2009 at 10:32 AM #416784
JustLurking
ParticipantRaises at my company ranged from 5% to 8% this year. One person got zero, but that is just because I don’t have the heart to fire someone in this economy. That employee is currently on a performance plan (aka on thin ice) so may not be employed much longer.
-
June 16, 2009 at 10:32 AM #416850
JustLurking
ParticipantRaises at my company ranged from 5% to 8% this year. One person got zero, but that is just because I don’t have the heart to fire someone in this economy. That employee is currently on a performance plan (aka on thin ice) so may not be employed much longer.
-
June 16, 2009 at 10:32 AM #417009
JustLurking
ParticipantRaises at my company ranged from 5% to 8% this year. One person got zero, but that is just because I don’t have the heart to fire someone in this economy. That employee is currently on a performance plan (aka on thin ice) so may not be employed much longer.
-
June 18, 2009 at 12:47 AM #417025
CA renter
ParticipantHusband got ~3% raise for the year only because it was in their contract (govt worker). They are negotiating their next contract this year and will be happy to maintain their current salary/benefits, but it’s very likely they will be taking cuts in pay and benefits. Most people in their job category are already getting pay cuts ranging from 5-15%, and I’m willing to bet they will be taking hefty hits on the pension side.
For myself, I handle our investments, and have essentially pulled out of the market as of last October (primarily a short seller for years — got out at a good time, and not willing to gamble long or short at this point). With interest rates the way they are, we will be getting almost nothing (sub-3%) on our investments, but glad not to take any losses.
I expect our combined income will be down by about a third this year compared to last.
-
June 18, 2009 at 12:47 AM #417262
CA renter
ParticipantHusband got ~3% raise for the year only because it was in their contract (govt worker). They are negotiating their next contract this year and will be happy to maintain their current salary/benefits, but it’s very likely they will be taking cuts in pay and benefits. Most people in their job category are already getting pay cuts ranging from 5-15%, and I’m willing to bet they will be taking hefty hits on the pension side.
For myself, I handle our investments, and have essentially pulled out of the market as of last October (primarily a short seller for years — got out at a good time, and not willing to gamble long or short at this point). With interest rates the way they are, we will be getting almost nothing (sub-3%) on our investments, but glad not to take any losses.
I expect our combined income will be down by about a third this year compared to last.
-
June 18, 2009 at 12:47 AM #417524
CA renter
ParticipantHusband got ~3% raise for the year only because it was in their contract (govt worker). They are negotiating their next contract this year and will be happy to maintain their current salary/benefits, but it’s very likely they will be taking cuts in pay and benefits. Most people in their job category are already getting pay cuts ranging from 5-15%, and I’m willing to bet they will be taking hefty hits on the pension side.
For myself, I handle our investments, and have essentially pulled out of the market as of last October (primarily a short seller for years — got out at a good time, and not willing to gamble long or short at this point). With interest rates the way they are, we will be getting almost nothing (sub-3%) on our investments, but glad not to take any losses.
I expect our combined income will be down by about a third this year compared to last.
-
June 18, 2009 at 12:47 AM #417590
CA renter
ParticipantHusband got ~3% raise for the year only because it was in their contract (govt worker). They are negotiating their next contract this year and will be happy to maintain their current salary/benefits, but it’s very likely they will be taking cuts in pay and benefits. Most people in their job category are already getting pay cuts ranging from 5-15%, and I’m willing to bet they will be taking hefty hits on the pension side.
For myself, I handle our investments, and have essentially pulled out of the market as of last October (primarily a short seller for years — got out at a good time, and not willing to gamble long or short at this point). With interest rates the way they are, we will be getting almost nothing (sub-3%) on our investments, but glad not to take any losses.
I expect our combined income will be down by about a third this year compared to last.
-
June 18, 2009 at 12:47 AM #417751
CA renter
ParticipantHusband got ~3% raise for the year only because it was in their contract (govt worker). They are negotiating their next contract this year and will be happy to maintain their current salary/benefits, but it’s very likely they will be taking cuts in pay and benefits. Most people in their job category are already getting pay cuts ranging from 5-15%, and I’m willing to bet they will be taking hefty hits on the pension side.
For myself, I handle our investments, and have essentially pulled out of the market as of last October (primarily a short seller for years — got out at a good time, and not willing to gamble long or short at this point). With interest rates the way they are, we will be getting almost nothing (sub-3%) on our investments, but glad not to take any losses.
I expect our combined income will be down by about a third this year compared to last.
-
May 13, 2010 at 5:14 PM #550054
fat_lazy_union_worker
Participant$100000000000000000000000000000 dolllllllllars!
-
May 13, 2010 at 7:42 PM #550101
patientrenter
Participant[quote=fat_lazy_union_worker]$100000000000000000000000000000 dolllllllllars![/quote]
Peanuts! You must not work in banking.
-
May 13, 2010 at 7:42 PM #550210
patientrenter
Participant[quote=fat_lazy_union_worker]$100000000000000000000000000000 dolllllllllars![/quote]
Peanuts! You must not work in banking.
-
May 13, 2010 at 7:42 PM #550702
patientrenter
Participant[quote=fat_lazy_union_worker]$100000000000000000000000000000 dolllllllllars![/quote]
Peanuts! You must not work in banking.
-
May 13, 2010 at 7:42 PM #550801
patientrenter
Participant[quote=fat_lazy_union_worker]$100000000000000000000000000000 dolllllllllars![/quote]
Peanuts! You must not work in banking.
-
May 13, 2010 at 7:42 PM #551078
patientrenter
Participant[quote=fat_lazy_union_worker]$100000000000000000000000000000 dolllllllllars![/quote]
Peanuts! You must not work in banking.
-
May 14, 2010 at 7:11 AM #550173
Coronita
Participant[quote=patientrenter][quote=fat_lazy_union_worker]$100000000000000000000000000000 dolllllllllars![/quote]
Peanuts! You must not work in banking.[/quote]
No, I work in the public sector, in a government job…
I wasn’t smart enough to get into Goldman Sachs. So, I took the next best thing…Specifically, the SEC, and get paid watching pOrn. My upcoming bonus will depend on how much these guys are willing give away as a fine, so that I can pretend I’m doing my job.
-
May 14, 2010 at 7:12 AM #550178
jimmyle
Participant2.5%, and 0% last year. Many coworkers were laid off so no complain.
-
May 14, 2010 at 7:12 AM #550287
jimmyle
Participant2.5%, and 0% last year. Many coworkers were laid off so no complain.
-
May 14, 2010 at 7:12 AM #550777
jimmyle
Participant2.5%, and 0% last year. Many coworkers were laid off so no complain.
-
May 14, 2010 at 7:12 AM #550877
jimmyle
Participant2.5%, and 0% last year. Many coworkers were laid off so no complain.
-
May 14, 2010 at 7:12 AM #551153
jimmyle
Participant2.5%, and 0% last year. Many coworkers were laid off so no complain.
-
May 14, 2010 at 11:06 PM #550359
PatentGuy
ParticipantFlu says “Specifically, the SEC, and get paid watching pOrn.”
You must be a hard worker.
-
May 15, 2010 at 12:17 AM #550369
CA renter
ParticipantMy DH works in the public sector and they got no increase both last year and this year (and the smart ones are happy to get that).
Other public sector employees in the same field (but different employers) have had their pay cut anywhere from 5-15% and have had to increase their contributions to their retirement plans (some public entities are eliminating their contributions entirely and going to 100% employee contributions).
IMHO, the public sector (and any private sector businesses that rely on public spending) will lead the next leg down. There are probably going to be some pretty significant cuts in the next few years.
Our investment income, which I manage, is down significantly as I’m very bearish and have moved almost completely into cash at this point.
Overall, we are making about 20-30% less than a couple of years ago, mostly due to the decline in investment income, but we are glad we haven’t had any investment losses these past few years.
-
May 15, 2010 at 12:17 AM #550478
CA renter
ParticipantMy DH works in the public sector and they got no increase both last year and this year (and the smart ones are happy to get that).
Other public sector employees in the same field (but different employers) have had their pay cut anywhere from 5-15% and have had to increase their contributions to their retirement plans (some public entities are eliminating their contributions entirely and going to 100% employee contributions).
IMHO, the public sector (and any private sector businesses that rely on public spending) will lead the next leg down. There are probably going to be some pretty significant cuts in the next few years.
Our investment income, which I manage, is down significantly as I’m very bearish and have moved almost completely into cash at this point.
Overall, we are making about 20-30% less than a couple of years ago, mostly due to the decline in investment income, but we are glad we haven’t had any investment losses these past few years.
-
May 15, 2010 at 12:17 AM #550966
CA renter
ParticipantMy DH works in the public sector and they got no increase both last year and this year (and the smart ones are happy to get that).
Other public sector employees in the same field (but different employers) have had their pay cut anywhere from 5-15% and have had to increase their contributions to their retirement plans (some public entities are eliminating their contributions entirely and going to 100% employee contributions).
IMHO, the public sector (and any private sector businesses that rely on public spending) will lead the next leg down. There are probably going to be some pretty significant cuts in the next few years.
Our investment income, which I manage, is down significantly as I’m very bearish and have moved almost completely into cash at this point.
Overall, we are making about 20-30% less than a couple of years ago, mostly due to the decline in investment income, but we are glad we haven’t had any investment losses these past few years.
-
May 15, 2010 at 12:17 AM #551065
CA renter
ParticipantMy DH works in the public sector and they got no increase both last year and this year (and the smart ones are happy to get that).
Other public sector employees in the same field (but different employers) have had their pay cut anywhere from 5-15% and have had to increase their contributions to their retirement plans (some public entities are eliminating their contributions entirely and going to 100% employee contributions).
IMHO, the public sector (and any private sector businesses that rely on public spending) will lead the next leg down. There are probably going to be some pretty significant cuts in the next few years.
Our investment income, which I manage, is down significantly as I’m very bearish and have moved almost completely into cash at this point.
Overall, we are making about 20-30% less than a couple of years ago, mostly due to the decline in investment income, but we are glad we haven’t had any investment losses these past few years.
-
May 15, 2010 at 12:17 AM #551343
CA renter
ParticipantMy DH works in the public sector and they got no increase both last year and this year (and the smart ones are happy to get that).
Other public sector employees in the same field (but different employers) have had their pay cut anywhere from 5-15% and have had to increase their contributions to their retirement plans (some public entities are eliminating their contributions entirely and going to 100% employee contributions).
IMHO, the public sector (and any private sector businesses that rely on public spending) will lead the next leg down. There are probably going to be some pretty significant cuts in the next few years.
Our investment income, which I manage, is down significantly as I’m very bearish and have moved almost completely into cash at this point.
Overall, we are making about 20-30% less than a couple of years ago, mostly due to the decline in investment income, but we are glad we haven’t had any investment losses these past few years.
-
May 14, 2010 at 11:06 PM #550468
PatentGuy
ParticipantFlu says “Specifically, the SEC, and get paid watching pOrn.”
You must be a hard worker.
-
May 14, 2010 at 11:06 PM #550956
PatentGuy
ParticipantFlu says “Specifically, the SEC, and get paid watching pOrn.”
You must be a hard worker.
-
May 14, 2010 at 11:06 PM #551055
PatentGuy
ParticipantFlu says “Specifically, the SEC, and get paid watching pOrn.”
You must be a hard worker.
-
May 14, 2010 at 11:06 PM #551333
PatentGuy
ParticipantFlu says “Specifically, the SEC, and get paid watching pOrn.”
You must be a hard worker.
-
-
May 14, 2010 at 7:11 AM #550282
Coronita
Participant[quote=patientrenter][quote=fat_lazy_union_worker]$100000000000000000000000000000 dolllllllllars![/quote]
Peanuts! You must not work in banking.[/quote]
No, I work in the public sector, in a government job…
I wasn’t smart enough to get into Goldman Sachs. So, I took the next best thing…Specifically, the SEC, and get paid watching pOrn. My upcoming bonus will depend on how much these guys are willing give away as a fine, so that I can pretend I’m doing my job.
-
May 14, 2010 at 7:11 AM #550772
Coronita
Participant[quote=patientrenter][quote=fat_lazy_union_worker]$100000000000000000000000000000 dolllllllllars![/quote]
Peanuts! You must not work in banking.[/quote]
No, I work in the public sector, in a government job…
I wasn’t smart enough to get into Goldman Sachs. So, I took the next best thing…Specifically, the SEC, and get paid watching pOrn. My upcoming bonus will depend on how much these guys are willing give away as a fine, so that I can pretend I’m doing my job.
-
May 14, 2010 at 7:11 AM #550872
Coronita
Participant[quote=patientrenter][quote=fat_lazy_union_worker]$100000000000000000000000000000 dolllllllllars![/quote]
Peanuts! You must not work in banking.[/quote]
No, I work in the public sector, in a government job…
I wasn’t smart enough to get into Goldman Sachs. So, I took the next best thing…Specifically, the SEC, and get paid watching pOrn. My upcoming bonus will depend on how much these guys are willing give away as a fine, so that I can pretend I’m doing my job.
-
May 14, 2010 at 7:11 AM #551148
Coronita
Participant[quote=patientrenter][quote=fat_lazy_union_worker]$100000000000000000000000000000 dolllllllllars![/quote]
Peanuts! You must not work in banking.[/quote]
No, I work in the public sector, in a government job…
I wasn’t smart enough to get into Goldman Sachs. So, I took the next best thing…Specifically, the SEC, and get paid watching pOrn. My upcoming bonus will depend on how much these guys are willing give away as a fine, so that I can pretend I’m doing my job.
-
-
May 13, 2010 at 5:14 PM #550164
fat_lazy_union_worker
Participant$100000000000000000000000000000 dolllllllllars!
-
May 13, 2010 at 5:14 PM #550655
fat_lazy_union_worker
Participant$100000000000000000000000000000 dolllllllllars!
-
May 13, 2010 at 5:14 PM #550755
fat_lazy_union_worker
Participant$100000000000000000000000000000 dolllllllllars!
-
May 13, 2010 at 5:14 PM #551033
fat_lazy_union_worker
Participant$100000000000000000000000000000 dolllllllllars!
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May 14, 2010 at 11:14 AM #550268
8bitnintendo
ParticipantEngineer (defense contractor), 3.8%. 401k match, “performance sharing” (bonus based on corporate metrics), vacation, etc. all maintained at the same levels since I started working here in ’06.
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May 14, 2010 at 6:18 PM #550339
moneymaker
ParticipantLast raise 0.8%, the lowest I’ve ever gotten,even though eval was good. I wonder if they start getting some calls from the competition about employment verification if I might not get a better raise next year. P.S> The company raised their prices 8%.
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May 14, 2010 at 6:18 PM #550448
moneymaker
ParticipantLast raise 0.8%, the lowest I’ve ever gotten,even though eval was good. I wonder if they start getting some calls from the competition about employment verification if I might not get a better raise next year. P.S> The company raised their prices 8%.
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May 14, 2010 at 6:18 PM #550936
moneymaker
ParticipantLast raise 0.8%, the lowest I’ve ever gotten,even though eval was good. I wonder if they start getting some calls from the competition about employment verification if I might not get a better raise next year. P.S> The company raised their prices 8%.
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May 14, 2010 at 6:18 PM #551035
moneymaker
ParticipantLast raise 0.8%, the lowest I’ve ever gotten,even though eval was good. I wonder if they start getting some calls from the competition about employment verification if I might not get a better raise next year. P.S> The company raised their prices 8%.
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May 14, 2010 at 6:18 PM #551313
moneymaker
ParticipantLast raise 0.8%, the lowest I’ve ever gotten,even though eval was good. I wonder if they start getting some calls from the competition about employment verification if I might not get a better raise next year. P.S> The company raised their prices 8%.
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May 14, 2010 at 11:14 AM #550378
8bitnintendo
ParticipantEngineer (defense contractor), 3.8%. 401k match, “performance sharing” (bonus based on corporate metrics), vacation, etc. all maintained at the same levels since I started working here in ’06.
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May 14, 2010 at 11:14 AM #550865
8bitnintendo
ParticipantEngineer (defense contractor), 3.8%. 401k match, “performance sharing” (bonus based on corporate metrics), vacation, etc. all maintained at the same levels since I started working here in ’06.
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May 14, 2010 at 11:14 AM #550965
8bitnintendo
ParticipantEngineer (defense contractor), 3.8%. 401k match, “performance sharing” (bonus based on corporate metrics), vacation, etc. all maintained at the same levels since I started working here in ’06.
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May 14, 2010 at 11:14 AM #551243
8bitnintendo
ParticipantEngineer (defense contractor), 3.8%. 401k match, “performance sharing” (bonus based on corporate metrics), vacation, etc. all maintained at the same levels since I started working here in ’06.
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May 16, 2010 at 5:24 PM #550706
CAwireman
Participant4% and glad to have a job actually.
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May 17, 2010 at 5:35 PM #551112
SD Transplant
ParticipantGot to love it how expectations change suddenly. Two weeks ago, I would have been angry at the prospect of a 2nd year w/out a raise. However, in the last 2 Fridays, two senior people from my old division were walked out, if one could call it quietly.
So, glad to have a job (2 years w/out raise so far but 401K match was increased 1 year ago).
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May 17, 2010 at 8:54 PM #551142
paramount
Participant2% ….. in the midst of major layoffs though.
PTO has been cutback.
401k has been cutback.
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May 17, 2010 at 11:08 PM #551182
Anonymous
Guest[quote=paramount]2% ….. in the midst of major layoffs though.
PTO has been cutback.
401k has been cutback.[/quote]
paramount,
i heard thru the grapevine another 350 were going this week. how is RB div going to get hit?
sounds like we’re going thru the same stuff. sorry it’s happening. i’m right there w/ ya!
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May 17, 2010 at 11:08 PM #551289
Anonymous
Guest[quote=paramount]2% ….. in the midst of major layoffs though.
PTO has been cutback.
401k has been cutback.[/quote]
paramount,
i heard thru the grapevine another 350 were going this week. how is RB div going to get hit?
sounds like we’re going thru the same stuff. sorry it’s happening. i’m right there w/ ya!
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May 17, 2010 at 11:08 PM #551776
Anonymous
Guest[quote=paramount]2% ….. in the midst of major layoffs though.
PTO has been cutback.
401k has been cutback.[/quote]
paramount,
i heard thru the grapevine another 350 were going this week. how is RB div going to get hit?
sounds like we’re going thru the same stuff. sorry it’s happening. i’m right there w/ ya!
-
May 17, 2010 at 11:08 PM #551875
Anonymous
Guest[quote=paramount]2% ….. in the midst of major layoffs though.
PTO has been cutback.
401k has been cutback.[/quote]
paramount,
i heard thru the grapevine another 350 were going this week. how is RB div going to get hit?
sounds like we’re going thru the same stuff. sorry it’s happening. i’m right there w/ ya!
-
May 17, 2010 at 11:08 PM #552153
Anonymous
Guest[quote=paramount]2% ….. in the midst of major layoffs though.
PTO has been cutback.
401k has been cutback.[/quote]
paramount,
i heard thru the grapevine another 350 were going this week. how is RB div going to get hit?
sounds like we’re going thru the same stuff. sorry it’s happening. i’m right there w/ ya!
-
May 17, 2010 at 8:54 PM #551249
paramount
Participant2% ….. in the midst of major layoffs though.
PTO has been cutback.
401k has been cutback.
-
May 17, 2010 at 8:54 PM #551736
paramount
Participant2% ….. in the midst of major layoffs though.
PTO has been cutback.
401k has been cutback.
-
May 17, 2010 at 8:54 PM #551835
paramount
Participant2% ….. in the midst of major layoffs though.
PTO has been cutback.
401k has been cutback.
-
May 17, 2010 at 8:54 PM #552113
paramount
Participant2% ….. in the midst of major layoffs though.
PTO has been cutback.
401k has been cutback.
-
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May 17, 2010 at 5:35 PM #551219
SD Transplant
ParticipantGot to love it how expectations change suddenly. Two weeks ago, I would have been angry at the prospect of a 2nd year w/out a raise. However, in the last 2 Fridays, two senior people from my old division were walked out, if one could call it quietly.
So, glad to have a job (2 years w/out raise so far but 401K match was increased 1 year ago).
-
May 17, 2010 at 5:35 PM #551706
SD Transplant
ParticipantGot to love it how expectations change suddenly. Two weeks ago, I would have been angry at the prospect of a 2nd year w/out a raise. However, in the last 2 Fridays, two senior people from my old division were walked out, if one could call it quietly.
So, glad to have a job (2 years w/out raise so far but 401K match was increased 1 year ago).
-
May 17, 2010 at 5:35 PM #551805
SD Transplant
ParticipantGot to love it how expectations change suddenly. Two weeks ago, I would have been angry at the prospect of a 2nd year w/out a raise. However, in the last 2 Fridays, two senior people from my old division were walked out, if one could call it quietly.
So, glad to have a job (2 years w/out raise so far but 401K match was increased 1 year ago).
-
May 17, 2010 at 5:35 PM #552083
SD Transplant
ParticipantGot to love it how expectations change suddenly. Two weeks ago, I would have been angry at the prospect of a 2nd year w/out a raise. However, in the last 2 Fridays, two senior people from my old division were walked out, if one could call it quietly.
So, glad to have a job (2 years w/out raise so far but 401K match was increased 1 year ago).
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May 16, 2010 at 5:24 PM #550814
CAwireman
Participant4% and glad to have a job actually.
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May 16, 2010 at 5:24 PM #551301
CAwireman
Participant4% and glad to have a job actually.
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May 16, 2010 at 5:24 PM #551400
CAwireman
Participant4% and glad to have a job actually.
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May 16, 2010 at 5:24 PM #551678
CAwireman
Participant4% and glad to have a job actually.
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