Home › Forums › Financial Markets/Economics › What’s your raise this year?
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August 15, 2007 at 9:43 PM #76174August 15, 2007 at 9:53 PM #76074one_muggleParticipant
gary,
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
August 15, 2007 at 9:53 PM #76193one_muggleParticipantgary,
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
August 15, 2007 at 9:53 PM #76195one_muggleParticipantgary,
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
August 16, 2007 at 6:16 AM #76188Alex_angelParticipanta cup of coffee and a donut
August 16, 2007 at 6:16 AM #76307Alex_angelParticipanta cup of coffee and a donut
August 16, 2007 at 6:16 AM #76309Alex_angelParticipanta cup of coffee and a donut
August 16, 2007 at 6:42 AM #76191CoronitaParticipantWhen 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.Β
August 16, 2007 at 6:42 AM #76310CoronitaParticipantWhen 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.Β
August 16, 2007 at 6:42 AM #76312CoronitaParticipantWhen 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.Β
July 22, 2008 at 4:57 PM #244709SD TransplantParticipantBumping 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 π
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 #244857SD TransplantParticipantBumping 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 π
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 #244866SD TransplantParticipantBumping 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 π
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 #244922SD TransplantParticipantBumping 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 π
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 #244931SD TransplantParticipantBumping 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 π
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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