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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.
Last edited by Hopeful for Life; 03-12-2018 at 10:30 PM..
I’m over the median, so 1%. It’s a joke, but I work for a financially strapped, non-profit health plan. It is what it is until I leave (hopefully soon).
I’m over the median, so 1%. It’s a joke, but I work for a financially strapped, non-profit health plan. It is what it is until I leave (hopefully soon).
Yeah, if you make at or above the median pay for the position, they give you 1%. Otherwise it’s 2%. We have over 35% attrition rate and they can’t figure out why.
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.
2 percent for meets expectations l. 2.5 or 3 for exceeds
Raises are very small nowadays. Just another labor cost that management has done. I remember back in the 80s and 90s when raises were 5 to 10 percent. And that was for mediocre performers.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by charlygal
You don't grow your income via annual raises. You change jobs (internally or externally) to get the biggest jumps.
This, I raised my pay $4/hr in the last 6 months just by changing companies twice. Went from $14/hr up to $16/hr (with a raise to $17/hr after 90 days) and now make $18/hr at current job
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