Annual Salary Increases - What % does your company give?

[aclov]

Just started a new job so I'm not sure about here. At my old company, it was performance based between 0%-4%. Avg. was about 2%

 

[MissMichelle]

The store I work for bases it on performance and gives only $.40 to great employees and $.25 to average employees. The only other increase in pay is if you move up at all---in which case our supervisors make pretty low (Maybe $9.00-$10.00 per hour) unless you have been there awhile like myself who makes higher as the Supervisor. I was talking to a mid level manager that gets salary and she makes less then I do when talking per hour (I only work 15-20 hrs a week where she does 45+). Sad really.

Then you have DH's job and he has gotten a $5,000 or so raise per year the last few years and he is on salary. What is great about his job is he never works CRAZY hours and never will. 6:30 am-4pm M-F. He is making pretty much tops for his position at this point but you never know as his boss is pretty generous if he likes you.

 

[MrsPooh]

I worked for a small, family company for twelve years - one tiny raise during the whole time. The last company I worked for full-time did give me one small raise. My dh has worked mostly for smaller companies and they seldom or never give raises. My bil actually was told in Jan that they not only were not getting a raise but they were going to be expected to pay for more of their benefits so his take home went down. My mom got a great raise where she works by my father works for a very, very large company and no one got raises this year or last year.

One thing everyone forgets is that for small businesses, the expense of benefits can eat up the amount they would normally give as a raise. For example the small company I used to work for offered great health insurance benefits and paid for employees and family full costs as part of our benefit pkg. My job included evaluating the yearly health insurance info. Their costs for health insurance was going up nearly 4%/year. Additionally the had worker's comp insurance increases mandated by the state, uniform costs went up (provided free to employees) and other things that the employees never saw the cost for. If employees had been paying for the health insurance and uniforms themselves a 3% or 4% raise would have barely covered their increased costs.

I truly think the cost of health insurance is a big killer for many companies and really hard to keep up with.

That said, I really wish we'd get a raise around here!!!!!!

 

[Homer Simpson]

We usually average between 4% and 4.5% every year. I've been there for 13 years and I don't think we've had a raise less than 4% that I can remember.

 

[MiniGirl]

I no longer work, but dh is an airline pilot and works for a major airline. He made almost the same amount last year as the year we were married (12 years ago next month). Of coure, he was a first officer then and he's a captain now. He also had to work more days per month to make the same thing, so it is really like he is making less than he did then. I'm talking $$ amount. I have not adjusted for inflation.

Someone asked how people who don't get raises manage. Well, you move to a smaller house, drive an older car, buy fewer clothes and things, eat out less, and take fewer vacations. You just manage. Eventhough we are making about half of what dh made before 9-11 (which is when the airline industry's problems started), we have managed to remain debt free -- except for our mortgage and we have continued to tithe and give to charity. I think we have managed because we don't put any real importance on material things and because my dh was never laid off, but cut backs and lay offs have hit others really hard. Contract talks are coming up and dh's union says they're asking for a 30% raise. In truth though, that wouldn't even bring them back to the level they were at before they took their pay cuts -- again not even considering inflation. Of course, the airline management will make the pilots sound like they are being overly greedy and higher fares will be blamed on those greedy employees instead of on fuel prices and/or management bonuses.

 

[Terry36]

About 3 - 5% is average. We also get a "bonus/reward" based on both company performance and individual performance that can range from 7% - 15% of your salary.

 

[extremesoccermom]

I work for a private University. Ours is supposed to be based on merit with the highest possible raise being 5% this year (we are in the black this year). I recieved an excellent review and our dept lost 2 employees, they redistributed the work instead of hiring anyone, I will be getting a 2% raise and oh by the way my insurance and parking will go up 6%.
DH has been working for a small company and has not gotten a raise in the 5 years he has been there.

 

[LuluLovesDisney]

I am a teacher and we are working w/o a contract so it's 0% for the last almost 2 years, lol. However, we are hoping for a new contract soon and the rumor is 3% but we will have to pay more into benefits, insurance is going up 5%, so it will be closer to 1% in net pay.

 

[funcinderella]

I work for a top major pharmaceutical company (you know, the ones that are supposed to have all kinds of money)
and my raise is typically 2 %. This year, I got 3% and then a month later another 5% for a promotion. So this was a banner year, but usually standard 2%.

We do also get bonuses, which tend to average about 8%.

 

[budbeerlady]

Things in MI are pretty slow, most people I know arent getting raises. We are just happy to have a job that hasnt left the state yet!

People are shocked to see some of us arent getting raises, why?

As our personal bills go up so does the companies plus there are hundreds of people willing (and applying) every week to do your job for less, alot less! Its a mess out here!

 

[javaj]

IT world here. I entered the workforce full time in 1997. In the late 90s things were great. Since 2000, we've had 0% to 5% for end-of-year average annual merit increases, depending on the year. Last one averaged 3%.

Some years, mid-year promotions are allowed, and that's when we have typically tried to get more of an increase, about 5% to 10%. But I think that the best way to get an increase in the IT world for us worker bees is still getting a new job, either within the company or outside the company. I finally transferred groups earlier this year and got 12%.

 

[prncess674]

I wouldn't worry about the percentage increase. I would ask myself what is the "going rate" on the open market for your position and if you are being paid under that then you need to talk your manager. I was severely underpaid for my position, gathered the data showing what my counterparts at other consulting firms were making and got a 40% raise. (Yes forty, not 4.5%)

Think of this way. You could be the best brick layer in the country, but if brick layers are earning on average 60K and you are earning around 60K it doesn't matter how good you are, you are being paid the going market rate.

 

[mickeyfan2]

I got 6.67% after 1 year and then 9 months later I got 2.5%.

 

[bopper]

Usually we were averaging 3-4%, but last year we got no raise and no bonus.

 

[rflorek]

At my old company, most got 1.5% unless you were really outstanding - then you got 3%.

 

[dizchick]

We get a 5% cost of living increase per year. Plus, a merit based $1000 dollar bonus. I thought that it was pretty bad, but reading this thread is really making me appreciate it!

 

[If U Had Wings]

I'm in the legal field (non-attorney). When I worked in corporate department everyone in the department got a straight 5% each year unless you were a real screw up. For the past 5 years I've been working on the large law firm side of things. My last firm averaged about 2-3% increases, but usually our contribution to our health insurance went up about that much as well so it always felt like we were breaking even. They downsized the firm last fall, and I was layed off. I've only been at my new firm since the begining of the year, so I have no idea how the raises go here, just that they have had them. I'm hoping to just increase my salary enough to off-set my increased commuting costs. I had to start commuting into NYC which raised my train ticket cost from $85 to $350. Ugh! There is just no winning!

 

[Ally_DeVille]

I work for a large "Ivy League" university, I got a 4% raise and a piddly bonus; but it's better than last year. The downside to the bonus is getting taxed on it; we are taxed at a higher rate so I'll realize about 1/2 of it.

Yes, it does work out to about $.57 or so an hour more but it is more than I am making now; any little bit helps at this point in time.

I could leave here and probably make $50k more a year but that would mean moving or changing my job. Changing jobs locally would mean I would have to commute-- no. I like being 10 minutes from home, my daughter goes to daycare here on campus, I am a 3 minute walk-- if I changed she would have to change daycares which I don't want to happen. The work daycare is one of the top ones in the state; she is thriving and learning so much there I can't see the benefit in leaving. Yet, she won't be little forever and that is when the move will happen.

 

[RichNKatHolly]

I'm in the legal field (non-attorney). When I worked in corporate department everyone in the department got a straight 5% each year unless you were a real screw up. For the past 5 years I've been working on the large law firm side of things. My last firm averaged about 2-3% increases, but usually our contribution to our health insurance went up about that much as well so it always felt like we were breaking even. They downsized the firm last fall, and I was layed off. I've only been at my new firm since the begining of the year, so I have no idea how the raises go here, just that they have had them. I'm hoping to just increase my salary enough to off-set my increased commuting costs. I had to start commuting into NYC which raised my train ticket cost from $85 to $350. Ugh! There is just no winning!

Hmmmm...I'm wondering if you are working in my office! Mid-town Manhattan? We just got quite a few people here who are commuting from CT.

 

[paladin]

I work for a large corporate travel management company and we average 1.5 - 2%