POLL: year-end pay increase

welst10

Platinum Member
Mar 2, 2004
2,562
1
0
Mine is 3.4. Not that great, but I guess I can't complain much, at least better than last year.
 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
HAHA, yeah right! My christmas gift is having a job. A neighbor narrowly missed getting canned and the place I'm contracting at recently let a bunch of people go.
 

Megatomic

Lifer
Nov 9, 2000
20,127
6
81
We get no year end pay raises at my lab. We got one in Oct. and it was pathetic. Way less than inflation. :|
 

Mayfriday0529

Diamond Member
Sep 15, 2003
7,187
0
71
february, have to wait to february which actually means more like april and then get retro pay and i only get 3% increase
 

richardycc

Diamond Member
Apr 29, 2001
5,719
1
81
keep in mind that cost of living is at ~4.6%, if your raise is less than that, you are actually getting a paycut!
 

jimikim

Banned
Nov 18, 2004
252
0
0
Originally posted by: Armitage
Originally posted by: jimikim
Historically at my level is 20%, but this year will probably be 25%.

Uhm ... wow.
What do you do?

I am a CPA-to-be working for a national Public Accounting company. Congress passed Sarbanes-Oxley because of Enron and Worldcom so we have 30% more work which explains the extra 5%. Historically it's 20% because of the high turnover (people typically leave after 1-2 years); we have 65 hour weeks during peak season. There usually just is a shortage of accountants in general so wages are high to keep people there.
 

olds

Elite Member
Mar 3, 2000
50,128
781
126
Originally posted by: jimikim
Originally posted by: Armitage
Originally posted by: jimikim
Historically at my level is 20%, but this year will probably be 25%.

Uhm ... wow.
What do you do?

I am a CPA-to-be working for a national Public Accounting company. Congress passed Sarbanes-Oxley because of Enron and Worldcom so we have 30% more work which explains the extra 5%. Historically it's 20% because of the high turnover (people typically leave after 1-2 years); we have 65 hour weeks during peak season. There usually just is a shortage of accountants in general so wages are high to keep people there.
Nice. I am jealous.
 

welst10

Platinum Member
Mar 2, 2004
2,562
1
0
Originally posted by: richardycc
keep in mind that cost of living is at ~4.6%, if your raise is less than that, you are actually getting a paycut!

cost of living increase is 4.6%? that seems pretty high. You sure about this figure?
 

nakedfrog

No Lifer
Apr 3, 2001
63,657
20,119
136
Hm... I haven't been informed yet. I did already get two raises this year (an old useless manager that didn't like me was fired, and his replacement looked at what I did and gave me about $8k in raises this year) so I might not get one.
 

jimikim

Banned
Nov 18, 2004
252
0
0
Originally posted by: brtspears2
0% and no bonus. That's what happens when I work for the government.

oh yea and we around 10% bonus.

40% extraordinary income tax on bonuses is no fun either :(