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Been working with my company since January 1st of this year. Started at a salary of 39,000 ... office job doing cost estimating in construction.
I was given a year end bonus of $4800 and a salary increase of 10%.
I researched the median wage for my career and it falls between 55,000 and 60,000 per year.
I was told the company didn't do that well this year and that is all I could get. I used to make 70K+ working in a different aspect of my field (on the actual job site) which dried up in the recession. I'm trying to work my way back to 70K but can't wait 10 years to get there.
Am I getting hosed here? I've never had to negotiate salary/benefits before as I was part of a union ...
Even though you've worked on the job site, superintendent and trade work is very different from the tasks, responsibilities and knowledge of an estimator. So you are essentially entry level. It's true that 55-60k is the median income for an estimator, you don't have median experience, so it's not reasonable to expect those kinds of wages. 39k is a reasonable entry-level income for an estimator, unless you live in one of the 5-most expensive cities in the country.
An annual 10% salary increase and a ~5k bonus isn't too shabby, particularly in this economy.
An annual 10% salary increase and a ~5k bonus isn't too shabby, particularly in this economy.
I should say not! You accepted the job at the offered salary when, since it was so low compared to your past salary, you could have declined and looked elsewhere.
The median wage for your career as determined by who?
There are sites that post a lot of high salary data to people that may not apply right now ie. glassdoor.com etc. This isn't to say there aren't people making money but keep in mind it is the companies performance, location, size and yes, the economy. If you made more $ in that other field at the height of a boom, then it's not really a good compare imho. Certainly not hosed with that bonus and raise even if it is "entry level." It's almost better to be there than maxing your level cap.
So you now made $47,700? Not bad for a construction estimator...
Hone your schools, work up to Project Manager and get into Six Figures.
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