Just got 18% raise!

[Fullmetal Chocobo]

Sweet. I recently got an $18k / year raise. Tax free at that.

 

[CPA]

Most companies give on average a 3% raise.

 

[spidey07]

Originally posted by: CPA
Most companies give on average a 3% raise.

True. An 18% raise for a good many professionals would be like a few extra grand a month after taxes.

 

[Aikouka]

I got a 3% raise about 2 months ago... it really surprised me, because I started with them in September so I had only been working for 3-4 months and they gave me a raise :Q. That made me feel crappy for ever browsing the net at work .

 

[fLum0x]

Originally posted by: thirtythree
Do you like your job?

it is okay. I don't "hate" it or "love" it, but i am satisfied with it currently. I am learning new things and getting experience. I have the potential to move up to a management role since i have a very good rep with higher ups. If i could get in management or project management/leader, i think i would have a lot more fun, but in the meantime, i am thankful for what i have!

 

[j00fek]

 

[fLum0x]

Originally posted by: spidey07

Originally posted by: CPA
Most companies give on average a 3% raise.

True. An 18% raise for a good many professionals would be like a few extra grand a month after taxes.

yea...i will only be at about half that since i just got out of school

 

[Special K]

Originally posted by: CPA
Most companies give on average a 3% raise.

Do they have a set budget for raises every year, and give the top x people in a group a certain percentage, then the next x people a lower percentage, etc?

 

[Tarrant64]

My co-workers always tell me how broke they are. However, they are spending money either on new gf's or renovating their house. Or even buying new cars. I've just gotten started but I'm hoping my work gets noticed come review time and when the year is over.

We'll see though. My job is to learn everything and replace another guy here who is going back to grad school. He probably makes $15 more than I do, but I've already learned probably 80% more than he does. And I've taken on some new projects.

Raise? 0%.

 

[Tarrant64]

Originally posted by: Special K

Originally posted by: CPA
Most companies give on average a 3% raise.

Do they have a set budget for raises every year, and give the top x people in a group a certain percentage, then the next x people a lower percentage, etc?

Does that account for company growth, etc.? For instance if a company grows 20% a year, does pay adjust as well? Or does the big man on top benefit.

 

[Safeway]

Originally posted by: spidey07

Originally posted by: CPA
Most companies give on average a 3% raise.

True. An 18% raise for a good many professionals would be like a few extra grand a month after taxes.

A few extra grand after taxes means ~$3000/month.
That is $4300/month before taxes (Assumed a 30% tax rate).
$4300/month x 12 months = $51,600 = 18%

Before Bonus Salary: $286,666
After Bonus Salary: $338,266

'A good many' professionals? I don't think so. Maybe a few, high end professionals such as doctors or lawyers, but 'a good many' professionals top out at $80,000/year.

 

[Fraggable]

Originally posted by: joshsquall
We haven't had reviews and we don't talk about raises here.

What are you, the boss

 

[lobbyone]

What is this raise?

 

[krunchykrome]

Congrats fLum0x!!! I have only been working at my company (first job out of college) for 2 months now.

 

[fLum0x]

Originally posted by: Special K

Originally posted by: CPA
Most companies give on average a 3% raise.

Do they have a set budget for raises every year, and give the top x people in a group a certain percentage, then the next x people a lower percentage, etc?

i don't really know how it works for sure. Our reviews were point based, so it might have to do with that. The senior exec VP is in her first year along with me and i think we did it a little different from the past from what i am hearing.

 

[fLum0x]

Originally posted by: krunchykrome
Congrats fLum0x!!! I have only been working at my company (first job out of college) for 2 months now.

how is the ring hunt going? aren't you looking for one?

 

[krunchykrome]

Originally posted by: fLum0x

Originally posted by: krunchykrome
Congrats fLum0x!!! I have only been working at my company (first job out of college) for 2 months now.

how is the ring hunt going? aren't you looking for one?

Yea, I think I know what Im going to get. The question is, when do I want to pop the question. We're going to Vegas at the end of this month. I dont think I want to buy a ring right now, but Vegas would be a great time and place to do it.

I'll keep you posted.

 

[Safeway]

Originally posted by: krunchykrome

Originally posted by: fLum0x

Originally posted by: krunchykrome
Congrats fLum0x!!! I have only been working at my company (first job out of college) for 2 months now.

how is the ring hunt going? aren't you looking for one?

Yea, I think I know what Im going to get. The question is, when do I want to pop the question. We're going to Vegas at the end of this month. I dont think I want to buy a ring right now, but Vegas would be a great time and place to do it.

I'll keep you posted.

Vegas would be a good time to pop the question, but not to get married. Make sure you don't do a spur of the moment Vegas wedding!

 

[fLum0x]

vegas is nice...but i wouldn't propose there for a serious relationship. just my personal thing i guess :x

 

[krunchykrome]

lol, I've been joking around with the gf lately. I've been telling her "Im gonna get you drunk and then we're gonna get hitched for $50!"

hahahahaha

 

[pontifex]

well wtf? i just found out that at least one person got a raise this year so far.

 

[Rage187]

This year was good for me as well.

I got a 3% raise Feb 1st for performance(everyone got 3%)
I got 8% more for my promotion

Not too shabby

 

[EKKC]

now get out of the board and work. work i tell ya!
18% is pretty good. did you ask if it was all for merit or if they found out they were underpaying you?

either way, congrats.

 

[JS80]

From first job out of college (profession - accounting/finance):
Year 1: 34%
Year 2: 30%
Year 3: 38%

 

[Safeway]

Originally posted by: JS80
From first job out of college (profession - accounting/finance):
Year 1: 34%
Year 2: 30%
Year 3: 38%

For any highly professional career, there is a giant ramp-up in salary between no experience, and five years experience. Lawyers definitely have it that way.