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POLL: year-end pay increase

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.
 
Originally posted by: Armitage
Originally posted by: jimikim
Historically at my level is 20%, but this year will probably be 25%.
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Uhm ... wow.
What do you do?
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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.
 
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%.
Click to expand...

Uhm ... wow.
What do you do?
Click to expand...

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.
Click to expand...
Nice. I am jealous.
 
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!
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cost of living increase is 4.6%? that seems pretty high. You sure about this figure?
 
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.
 
Originally posted by: brtspears2
0% and no bonus. That's what happens when I work for the government.
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oh yea and we around 10% bonus.

40% extraordinary income tax on bonuses is no fun either 🙁
 
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