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My employer does an annual review that very likely includes a raise (it's tied to performance.) I've always had a raise each year, and I've had an annual raise every other real job I've ever worked...other than the early adulthood McJobs, so since I was age 21, I get an annual review and raise. But I have found, though, that moving to a new state and getting a new job twice got me far bigger pay bumps than those annual raises were ever going to.
Like I'd be toodling along at Employer #1, then move to a different state (mind you, a much higher coastal COLA state versus the midwest)...and go from raises around 3.5-4%/year to boom, 39% more money from one job to the next. Then I was getting similar annual raises but got promoted a couple of times, was pretty content, moved to another state (this time a notch down on the COLA scale but not a huge one) and boom!...42% more money than the last job, right there.
I feel like a well timed switch can do a lot more than retention raises will ever do, if one has marketable skills.
My present employer, though, does better with the annual raises, I think I had one that was as low as 4% in a year where things were tight and everyone's raises were lower...but it's been as high as 10% just on performance, and I've had a promotion as well. And this year they decided to give everyone an additional extra raise of 5% mid-year just due to inflation and the cost of living. But I've really hit the jackpot with this employer and I know it, on more grounds than just the raises, so even if maybe I could get a big increase elsewhere (especially if I went back to college and finished this one degree that I started and abandoned halfway through)... I have a lot of loyalty to them for various reasons.
In a 10 year period, the person that upgrades to a better job 3 times is probably better off than the person who stays at the same job and gets 3-5% raise each year.
In a 10 year period, the person that upgrades to a better job 3 times is probably better off than the person who stays at the same job and gets 3-5% raise each year.
I disagree. Money is only part of the equation. There's location, stability/security, management, position, stress, taxes, commute, mental health, local schools etc. to also consider. I made money working in Afghanistan, that doesn't mean someone else would do it. Money is not the only factor when it comes to a good or bad job.
In a 10 year period, the person that upgrades to a better job 3 times is probably better off than the person who stays at the same job and gets 3-5% raise each year.
Thats assuming there are no promotions w/in 10 years.
Where I work employees used to get pay raises every year. It was never a lot, but it was a raise. We’ve had a pay raise freeze and hiring freeze since March 2020 so I’m going on three years without a raise.
I like my job a lot. It’s the first and only place I’ve ever worked with no workplace drama. We all get along great. And the clients are great too for the most part. If it weren’t for the people and the fact that management let me go full time, permanent remote, I would have left. But I’d be lying if I didn’t say that I have I updated my resume and I am looking at other jobs. I check out Indeed and an industry specific job board about once or twice a month. I’m not seriously looking, but I’m keep a look out.
Where I work employees used to get pay raises every year. It was never a lot, but it was a raise. We’ve had a pay raise freeze and hiring freeze since March 2020 so I’m going on three years without a raise.
I like my job a lot. It’s the first and only place I’ve ever worked with no workplace drama. We all get along great. And the clients are great too for the most part. If it weren’t for the people and the fact that management let me go full time, permanent remote, I would have left. But I’d be lying if I didn’t say that I have I updated my resume and I am looking at other jobs. I check out Indeed and an industry specific job board about once or twice a month. I’m not seriously looking, but I’m keep a look out.
Oh, it would take a lot of money to make me move from my job. The no drama between coworkers is a huge bonus as is working from home. And working from home allowed me to move to a low cost of living area which, for all practical purpose, is a type of self made raise.
Throughout the yrs, a few of my jobs have given a raise annually, but not all of them. One I've been at for 8 yrs still hasn't, but it's a good thing it's a side jobs & not my main job.
So do jobs still give ANNUAL raises for the most part? If not, about how often these days?
I disagree. Money is only part of the equation. There's location, stability/security, management, position, stress, taxes, commute, mental health, local schools etc. to also consider. I made money working in Afghanistan, that doesn't mean someone else would do it. Money is not the only factor when it comes to a good or bad job.
agree, commute and work schedule plays a factor too
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