I got my first annual raise today (employer, job, company)

[FirebirdCamaro1220]

Originally Posted by mortgageboss

Thats why I have always gravitated to straight comission or tipped jobs like bartending. You create your own raises.

Don't like what you're making? Then go make another sale!

You'll never get what you feel you are worth in corporate America. The difference between what you are paid and the value of your work is their profit. To survive, you better be creating more value than you cost any company.

Self employment, commissioned sales or even bartending will give you more control of your compensation.

Dont get discouraged, use it as a reason to create your own raises. Best of luck.

I don't know, I think I'm being paid fairly right now; currently getting $18/hr and averaging over 50hrs per week, that's above the median for my position here in Greater Phoenix by $1.14/hr according to Indeed

[ackmondual]

Originally Posted by jdm2008

2 percent for meets expectations l. 2.5 or 3 for exceeds

Amusing thing is, in some circles, they also cap the # of people who can qualify for "exceptional performance"

[mike1003]

Originally Posted by Hopelesscause

It was a whopping 2%. .

Mazel tov!

[vision33r]

My avg annual raise varies from 2-30% depending on where I land as an independent consultant.

[mike1003]

Originally Posted by mike1003

Mazel tov!

Can't edit, past deadline

I meant to say "Mazel tov, at least you got a raise!"

[don1945]

I was told last year that I will never again get a raise because I have topped out salary-wise with my company. Now, if I were actually doing this as a career , not just doing it because I like the work and do not need the money, I would, of course, be looking for a job. But I am ok where I am right now, so I will let it pass.

But, I agree, the fastest way to get a significant raise is to change jobs. When I was younger, if someone offered me another $5K a year, I was gone.

[emcee squared]

Originally Posted by Hopelesscause

It was a whopping 2%. I did a lot this last year, but also struggled at first when I first came on. My director always says good things about me, but 2%?!! The most that I ever received when I last worked for a company was 4- 4.5% back in the mid-90s. My manager at that time told me that was higher than normal. The Director let me know by phone since she is out of state. I so wanted to ask her how I could get a higher rating next time, but time ran short since she had to call my counterpart to announce a reorganization before it was common knowledge by e-mail.
What is a typical rate increase for you out there who work for a large company? In my case, it’s a health insurance company.

Not really comparable as I'm on a multi-year contract. Step increases are 5-7% every year, per the contract, not including company-wide increases which are added to the step increase. I believe the company average is 2-6% for merit raises.

Thank god I don't have to deal with ratings and whatnot.

[Neerwhal]

Originally Posted by charlygal

You don't grow your income via annual raises. You change jobs (internally or externally) to get the biggest jumps.

No need to rain on anyone's parade.

A bonus is still a bonus!

[emilygilbert12]

Originally Posted by charlygal

You don't grow your income via annual raises. You change jobs (internally or externally) to get the biggest jumps.

I totally agree with Charlygal, I think, you should change job to get higher raises. According to me, 2% is too much less amount for annual raises.

Thanks!!

[Hemlock140]

Originally Posted by ackmondual

Amusing thing is, in some circles, they also cap the # of people who can qualify for "exceptional performance"

Well, I don't find that amusing at all, since we do it. Actually it's a budget issue, the overall annual raises for the entire workforce of 2,000 is set based on a percentage basis, with only 10% getting the top rating.
People who do everything they are supposed to according to their job description and make no errors are considered satisfactory.