My company is horrible with raises. Usually it is 2.5-3%, this year, 2%. I doubt that I will even see an increase in my check. Nor does that cover cost of living increase. At least DH's company is better!
How is your work?
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2% maximum a year.
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Our average this year was 2%. I think that's what it was last year too.
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I get bonuses as opposed to raises, but my husband works at a large company and he usually gets just an inflation raise. I think that's the norm.
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Not sure what DH's company gives for raises, hopefully we find out next year!
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2% here, I think that's pretty common (sadly)
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0 for the past 2 years
It was 2-4% depending on what you accomplished that year
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Every company I've ever worked for is the same (as is DHs). They set a target of X for the department/location and X is usually between 2-3%. Then the manager has to divvy it up so the average is X, so if you want to give someone a better raise you have to give someone else a worse one.
When I was a manager, I found the best time to give good raises to an employee was a few months after general raises were given out. But only if I could truly justify it and show that the employee had taken on extra duties/really gone above and beyond.
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2%
Actually, I got 2% but this year the company average was 1.54% so my manager actually said mine was better than most. Sad.
It can't keep up with inflation. Our HOA, water bill (stupid drought!! it's increasing 30-40% depending on tier), price of produce (again, stupid drought!!), and some other things pretty much wiped out any advantage this "raise" provided.
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about 3% on average here. It's performance based, plus they factor in where you fall on the salary range. One year i got 0.5%
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It was 3% where I used to be, no idea what's typical at this new office. Fingers crossed for 10%!!
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2% a year...awful.
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Mine was 3% this year. But then after I got it I increased my 401k withholding so it didn't make much of a difference in terms of my take-home pay.
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Totally honest opinion: If you are getting a 2-3% raise every year, you are in a very small minority. It sucks, but that is a great benefit your company offers. I wouldn't complain. (I used to get a standard COLA of about 2.5-3.5%/year but I haven't seen that in the last 3 years... it's been 0%.)
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I usually get a 4 or 5% raise, so not much better. And this year it was only 3% as I got a bigger bonus. I'd rather have the raise though since bonus is taxed 52%!
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@septca: Really? Cause everyone I know in IRL, besides teachers, gets 4-5%.
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@septca: Oh, I agree. 2% sucks, but a lot of companies don't do raises every year, so 2% is MUCH better than nothing!!! I'm definitely not complaining!
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@septca: Hmmm. Are you by chance a Fed? Because this unfortunately sounds very familiar to me!
I forget how much the federal cost of living adjustment was for 2014... something like 1-1.5% after several years of nothing at all?
Still, super grateful to actually have a job!
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We get quarterly profit-sharing bonuses instead of raises, which is nice. Raises are negotiated every few years at your annual review. I've only been there a year though (and on mat leave for a year), so I'm not sure the exact process.
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Wow, what industry does everyone work in?? We typically get 2-4%, this year I did "good" at 4%, but I thought our company (I work in engineering, govt contracting) just sucked and everyone else gets a ton more! We also get a yearly performance share which is usually around 3%. My friends who work in consulting typically get over 10% and 8% was their worst year!
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@Ms.Pumpkin:
is right. 2014 was 1%, which really doesn't make up for the last few years of zero.
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It was worse when I was at a big corporate firm, I think it was like 2-3% too. I got my max of 5% now w/ a small private company!
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@PurplePumps: Same as you - engineering, government contractor. 2% was our average raise this year, but I actually got 4% due to performance and where I am in the band.
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I'm in HR/consulting and our annual raises are around 4%. If you get a promotion that year as well, you can expect 9% total, but that usually happens every 3-5 years.
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I got a 5.5% raise one time when my job title bumped up a level (admin I to admin II); otherwise annual raises have all been between 2-3%
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@PurplePumps: I'm the same as you. DH is half Engineering, half Consulting, and his raises are always much higher, but usually top out at 7% (avg 5% or so)
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My company is doing really well and so our raise is based on our personal performance and company performance. I've been getting about 6-7% raise every year.
ETA: I need to check if the 6-7% includes bonus and raise or if it's just raise. I think the percentage might be combined.
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Wow, I thought on average people's raises were higher than what my company gives. I just got a raise that was roughly 7%. I was told that that definitely wasn't the company average and my bosses really fought to get me that. However, what is supposed to be my "yearly" raise came 17 months after my last salary increase (which included a promotion). That is what is frustrating to me.
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@PurplePumps: DH works for a big 4 accounting/counsulting so he gets nice ones along with a bonus. But I think they have to do that to keep people with the traveling lifestyle. I work for a large company, gaming, as an accountant.
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@bluestriped bee: Do you guys top out at any point though?
Performance bonuses are much bigger here (15-25%), and bonuses are probably anywhere from 3-5% depending on the pool that year. Promotions will usually get you a much bigger jump on top of that.
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5% was my last one, it was decent. But it has been 2 years since I got one. I haven't gotten one this year yet...
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Nothing. I work at a public college and we've had a salary freeze since I started working here five years ago. It SUCKS. Some of us have gotten a few bonuses to make up for the no raise, but it in to way equals out to even a cost of living raise.
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I'm unionized and work in the public sector, so our raises are predetermined by our collective agreement.
When I go up a step in the pay scale I receive a raise of approximately 6%. But as of this year I've reached the top step of my pay grade so each subsequent year I only receive 1.5% per our current agreement, but it's up for renegotiation this year.
ETA: DH is also in public sector but he receives larger raises at his supervisor's discretion because he's fairly senior in the organization. When he was in the private sector it was normal for him to receive a 10-20% raise annually, plus a bonus.
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I would expect raises to be 3-5%, but I haven't been here long enough to experience it at my current job yet.
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@PurplePumps: I was in engineering for a manufacturing company and DH works in engineering for a building materials company.
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I knew my husband's company did a good job but this sort of cements it. He typically gets about 10% every 18 months to two years, typically coupled with a small change like adding two people to his team but he frankly sees the increase in his team's size a bonus since after training it decreases his work load.
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@Smurfette: worse than yours!
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My work is pretty good actually. I have been averaging 5%. We also have free health insurance, and company matching 401k, and 10% bonuses. This year I actually got a 10% raise as well.
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It's not much, but a couple of years ago they increased my salary by $7000 because they were trying to increase staff retention, so I can't complain. I'm now making close to what my counterparts in the for-profit sector are.
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Wow, there quite a number of engineers here! =D
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62 comments