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For a mid-level engineering job how much pay raise can you expect after a year in the company? Read online that in 2015 the average pay raise will be 3%.
In my old job we had salary freezes during recession & it went up only by 1% after that (for all employees). Don't know what to expect in the new company. Is 3% raise expected based on inflation or should i take into consideration the company performance as well? How do you all negotiate the salary raises?
Pretty much the only chance for negotiation is before the first raise. If you were hired at the low-end of the pay scale and you've really proven that you should have been hired for more, you *might* be able to get them to do a salary adjustment. Otherwise, 1.5% - 3% would be standard for this economy.
It used to be that raises were a sure-thing for a good performance, but not anymore. The new incentive is just to keep your job.
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While it depends on the company, I would consider 3% to be good. That's the maimum that we gve this year for those passing their 6 month probation, and on the annual performance review. Others, commonly in Engineering, will get an annual raise or bonus (or not) based on the company performance.
Not much, maybe 1-2%. As you know, Engineering has taken a beating over the last several years.
I had been with the old company for several years & this was the case. Just hold on to your job & dont expect much raises or bonuses. I didn't know what to expect in the new workplace. I hope it gets better. Thanks for everyone's response.
COLA raise?! Those have gone the way of the defined benefit pension plan and the 40 years with the same company career path.
Well I guess it depends on where you work because we received one last year. Now as far as this year I will see what happens in August but it would be nice to get another one to balance out the rent increase
Anything over 2-2.5 percent and you're lucky these days with how CHEAP employers are and how they are treating their employees like disposable field hands. Its the same situation with the yearly or quarterly bonuses.
Bosses I have had in the past will sit there and whine/lie/act so concerned etc. about how we can only afford so much in terms of merit increases for their employees as "times are tight" , yet within a few weeks I see them driving new cars or taking world trips or buying a place on the beach. While the rest of us, maybe pick up 500 bucks. (Before Taxes)
Apparently times are only "tight" for the people that work for a living and bust their butts bringing value to the company. To the overpaid lazy executives, apparently they can hand out blank checks to each other.
... Yea times are real tight
Last edited by DorianRo; 04-13-2015 at 11:36 AM..
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