Home › Forums › Financial Markets/Economics › What’s your raise this year?
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August 15, 2007 at 8:38 AM #75670August 15, 2007 at 9:26 AM #75597CMcGParticipant
I’ll sum up my situation with a famous movie quote:
“You’ll get nothing and like it!”
August 15, 2007 at 9:26 AM #75714CMcGParticipantI’ll sum up my situation with a famous movie quote:
“You’ll get nothing and like it!”
August 15, 2007 at 9:26 AM #75718CMcGParticipantI’ll sum up my situation with a famous movie quote:
“You’ll get nothing and like it!”
August 15, 2007 at 1:54 PM #75767CardiffBaseballParticipantDon’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.
August 15, 2007 at 1:54 PM #75883CardiffBaseballParticipantDon’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.
August 15, 2007 at 1:54 PM #75886CardiffBaseballParticipantDon’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.
August 15, 2007 at 2:27 PM #75776sdrealtorParticipantvrud,
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 #75893sdrealtorParticipantvrud,
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 #75895sdrealtorParticipantvrud,
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 #76019patientrenterParticipantvrudny 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
August 15, 2007 at 8:55 PM #76139patientrenterParticipantvrudny 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
August 15, 2007 at 8:55 PM #76141patientrenterParticipantvrudny 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
August 15, 2007 at 9:43 PM #76053garysearsParticipantI’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.
August 15, 2007 at 9:43 PM #76172garysearsParticipantI’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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