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Re: My raise, drum roll please.....
Old 04-03-2007, 08:21 PM   #21
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Re: My raise, drum roll please.....

My 3.5% raise wasn't fantastic but you gotta smile at the 9% profit sharing on top of year end bonus and the 401(k) match.
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Re: My raise, drum roll please.....
Old 04-04-2007, 07:00 PM   #22
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Re: My raise, drum roll please.....

Just remember that 4.57 will be compounded all the years that you remain there.
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Re: My raise, drum roll please.....
Old 04-04-2007, 09:54 PM   #23
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Re: My raise, drum roll please.....

And you upped your 401(k) contribution by 4.57%, right?
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Re: My raise, drum roll please.....
Old 04-05-2007, 02:12 AM   #24
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Re: My raise, drum roll please.....

Found out today 3%. Company had record year in '06 so bonus on top of regular profit-sharing bonus. Still, in the scheme of things, not a big deal.
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Re: My raise, drum roll please.....
Old 04-05-2007, 11:09 AM   #25
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Re: My raise, drum roll please.....

Quote:
Originally Posted by LOL!
And you upped your 401(k) contribution by 4.57%, right?
Well, if you mean my 10% has increased due to the raise, absolutely! But DW felt we are better served not upping my contribution to 11 or 12% since there would be no matching above this point and we are unsure of her employement future.
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Re: My raise, drum roll please.....
Old 04-05-2007, 11:54 AM   #26
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Re: My raise, drum roll please.....

Being a Mega-Corp man all my life as well, I have to agree that 4.5% is a fine raise. Congrats Laurence! I've always been curious though what it's like in Mini-Corp land. Are raises any better or worse? I came pretty close to dipping my toe in those waters several years ago (~40 employees at the time), but ended up bellying up to another Mega-trough that made me an offer I couldn't refuse. Can anyone tell me how green the grass is on the other side?
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Re: My raise, drum roll please.....
Old 04-05-2007, 12:07 PM   #27
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Re: My raise, drum roll please.....

Raises hand...
I've never worked for any big companies. The biggest had 30 people, the smallest (now) has 2 bosses, 2 full timer employees, plus 2 part timers. I would have a terrible time working in a big place with lots of rules and regulations. DH has worked for a few bigger companies and I'm always amazed by the bureacratic nightmares that exist in mega-corps. Maybe I am just too small town, but I think they'd take off my head in a few minutes! Likewise couldn't work for the gov't--I've got a smart mouth...or so my father says!

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Re: My raise, drum roll please.....
Old 04-05-2007, 12:14 PM   #28
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Re: My raise, drum roll please.....

Fellas, these crappy annual raises are exactly the reason I bounced around from place to place about every 3 years. If one employer won't keep up with the market, another will.
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Re: My raise, drum roll please.....
Old 04-05-2007, 12:20 PM   #29
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Re: My raise, drum roll please.....

Well if you're gonna raise your hand, how about answering the question? I'd really like to hear what compensation is like in Tiny Town.

Quote:
Originally Posted by mclesters
Raises hand...
I've never worked for any big companies. The biggest had 30 people, the smallest (now) has 2 bosses, 2 full timer employees, plus 2 part timers. I would have a terrible time working in a big place with lots of rules and regulations. DH has worked for a few bigger companies and I'm always amazed by the bureacratic nightmares that exist in mega-corps. Maybe I am just too small town, but I think they'd take off my head in a few minutes! Likewise couldn't work for the gov't--I've got a smart mouth...or so my father says!

Sarah
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Re: My raise, drum roll please.....
Old 04-05-2007, 01:22 PM   #30
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Re: My raise, drum roll please.....

I talked to my boss about "Up or Out" which I liberally stole from all the talk between the military folks. So I got a promotion and a raise from Megacorp which ended up being 15%. I think that would be a good thing to talk to your boss about every couple of years.

-h
p.s: The last 3yrs the raises have just kept up with Inflation ie between 2-3%
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Re: My raise, drum roll please.....
Old 04-05-2007, 01:36 PM   #31
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Re: My raise, drum roll please.....

Quote:
Originally Posted by lswswein
So I got a promotion and a raise from Megacorp which ended up being 15%.
If we end up in a period of hyperinflation, I now know who to blame.

Seriously, it's a good economic sign that you guys generally aren't getting raises outrageously higher than inflation. Thanks for doing your part.
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Re: My raise, drum roll please.....
Old 04-05-2007, 01:48 PM   #32
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Re: My raise, drum roll please.....

So after all the rave reviews, attaboys, etc. I got my actual Merit increase slip today. To put in context, the pool (average) was right around 3%. My raise?
4.57%


That's one thing I hate about the typical "Megacorp" working world. You can work your ass off and really give your all, and you might get a 4-5% raise. Where if you just slack off and do the bare minimum, you'll still get 3% or so. At least, that's how it seems to go at my job.

It kinda makes me miss the old days when I used to wait tables, deliver pizzas, etc. In those types of jobs, when you worked your ass off, you saw an immediate return. And if you slacked off, you also saw a pretty rapid consequence, in less generous/fewer tips, getting fired, or not getting the desireable shifts.

I guess I shouldn't complain too much, though. I've had my company throw a few out-of-cycle raises my way. And I'm probably near the top of my payscale now, anyway, so the only way I'd get a big income boost would be to go into a supervisory position. And I really don't want that.
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Re: My raise, drum roll please.....
Old 04-05-2007, 02:17 PM   #33
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Re: My raise, drum roll please.....

Quote:
Originally Posted by 4EAXFM
Being a Mega-Corp man all my life as well, I have to agree that 4.5% is a fine raise. Congrats Laurence! I've always been curious though what it's like in Mini-Corp land. Are raises any better or worse? I came pretty close to dipping my toe in those waters several years ago (~40 employees at the time), but ended up bellying up to another Mega-trough that made me an offer I couldn't refuse. Can anyone tell me how green the grass is on the other side?
The problem with mini is that they just can't afford you... once, way back when.. I interviewed for a job with a company that was owned by a small group of guys... they sold roofing material... had warehouses in a number of cities and a few states... I was a few years out of college and making in the mid to upper 40s.. they wanted a CFO/ controller but were only offering about $35... I asked one of them about vacation.. they said you get a week... I asked 'when do you get two'.. They laughed Even people who had been with them for 20 years still only got ONE week..

Never been interested in going back to slave labor....
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Re: My raise, drum roll please.....
Old 04-05-2007, 02:21 PM   #34
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Re: My raise, drum roll please.....

Quote:
Originally Posted by Andre1969
That's one thing I hate about the typical "Megacorp" working world. You can work your ass off and really give your all, and you might get a 4-5% raise. Where if you just slack off and do the bare minimum, you'll still get 3% or so. At least, that's how it seems to go at my job.
Andre,

You must not know how Mega works... the 'pool' is 3%.... so, take everybody's salary and multiply by 3%, that is all you have... So, if the payroll is $1,000,000, you have $30,000 to give... give someone 4.5%, you MUST take it from someone else... no if, ands or buts...
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Re: My raise, drum roll please.....
Old 04-05-2007, 02:24 PM   #35
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Re: My raise, drum roll please.....

Quote:
Originally Posted by Andre1969
That's one thing I hate about the typical "Megacorp" working world. You can work your ass off and really give your all, and you might get a 4-5% raise. Where if you just slack off and do the bare minimum, you'll still get 3% or so. At least, that's how it seems to go at my job.
Yup, same at my corp. Everybody in the same pay grade gets pushed to the same middle via a formula like SteveR described. It kind of makes me wonder just how different our "performance-based pay" jobs really are from unionized labor.

Quote:
I guess I shouldn't complain too much, though. I've had my company throw a few out-of-cycle raises my way. And I'm probably near the top of my payscale now, anyway, so the only way I'd get a big income boost would be to go into a supervisory position. And I really don't want that.
Good for you! I didn't want it either, but turned to the dark side a couple years ago for the promise of a promotion. That promise was finally honored this year.
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Re: My raise, drum roll please.....
Old 04-05-2007, 02:45 PM   #36
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Re: My raise, drum roll please.....

Quote:
Originally Posted by 4EAXFM
Being a Mega-Corp man all my life as well, I have to agree that 4.5% is a fine raise. Congrats Laurence! I've always been curious though what it's like in Mini-Corp land. Are raises any better or worse? I came pretty close to dipping my toe in those waters several years ago (~40 employees at the time), but ended up bellying up to another Mega-trough that made me an offer I couldn't refuse. Can anyone tell me how green the grass is on the other side?
Worked for MEGACorp (>150,000 employees) for 30 years...most bizarre salary related event was the year HR decreed that all employees had to be ranked on a strict bell curve -- only X could be ranked as high performers and a certain number in each department HAD to be ranked at the bottom. That stupid idea lasted one cycle. Raises were held to COL + 2% -- no exceptions.
Moved to a very small organization -- fewer than 30 local employees in local office, part of an international group with ~1,200 employees worldwide. I was hired as President & CEO and joined just as annual reviews were underway. Raises were based on local "norms" -- averaged 10 to 12% (or more based on performance at the discretion of the President.) Like dying and going to heaven.
One downside of going from MEGACorp to minicorp...at MEGA, you get very used to being a specialist. You do your assigned "thing", knowing that someone else does something else. In mini-land, EVERYONE is a generalist out of necessity -- there's no one else to do the work except the few of you there! Actually, it made the days much more interesting...and I learned a lot!
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Re: My raise, drum roll please.....
Old 04-05-2007, 03:14 PM   #37
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Re: My raise, drum roll please.....

Quote:
Originally Posted by Achiever51
Moved to a very small organization -- fewer than 30 local employees in local office, part of an international group with ~1,200 employees worldwide. I was hired as President & CEO and joined just as annual reviews were underway. Raises were based on local "norms" -- averaged 10 to 12% (or more based on performance at the discretion of the President.) Like dying and going to heaven.
Wow, that's some pretty tall green grass. >wipes the drool off my chin< Does Texas Proud's experience jive with yours? Were the raises that large because folks were underpaid relative to their Mega-Corp counterparts? I realize "counterpart" may not apply very well, given the specialist-generalist differences you cite, but from your survey of local norms, you must have gotten some idea what the bigger boys were paying for people with comparable skill sets working in a comparable field. Were/are your bennies comparable to Mega-bennies?

After crunching the numbers, between promotions and job-hopping a la brewer12345, it turns out I've managed to average the low end of your annual raise pool over the course of my career. I'd be ecstatic if I could do as well on the back nine, but I have no such expectations.
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Re: My raise, drum roll please.....
Old 04-05-2007, 03:19 PM   #38
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Re: My raise, drum roll please.....

Quote:
Originally Posted by Achiever51
Worked for MEGACorp (>150,000 employees) for 30 years...most bizarre salary related event was the year HR decreed that all employees had to be ranked on a strict bell curve -- only X could be ranked as high performers and a certain number in each department HAD to be ranked at the bottom. That stupid idea lasted one cycle. Raises were held to COL + 2% -- no exceptions.
Moved to a very small organization -- fewer than 30 local employees in local office, part of an international group with ~1,200 employees worldwide. I was hired as President & CEO and joined just as annual reviews were underway. Raises were based on local "norms" -- averaged 10 to 12% (or more based on performance at the discretion of the President.) Like dying and going to heaven.
One downside of going from MEGACorp to minicorp...at MEGA, you get very used to being a specialist. You do your assigned "thing", knowing that someone else does something else. In mini-land, EVERYONE is a generalist out of necessity -- there's no one else to do the work except the few of you there! Actually, it made the days much more interesting...and I learned a lot!
Are you guys hiring by any chance, specifically for IT individuals specializing in ERP systems?
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Re: My raise, drum roll please.....
Old 04-05-2007, 04:00 PM   #39
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Re: My raise, drum roll please.....

Mega just gave me a 7% raise, and I know that the pool was 3%. I'm either very good or underpaid compared to my peers... maybe both?

Anyhow, I was pleased. It gets me closer to my savings goal for the year.
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Re: My raise, drum roll please.....
Old 04-05-2007, 05:37 PM   #40
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Re: My raise, drum roll please.....

I work at minicorp. ~35 employee engineering firm. Got a 12% raise last year. I'll be happy with zero this year. MegaEngineering firm probably won't offer me any more than what I'm making here after the 25% profit sharing contribution is considered. And they expect much more out of their employees.
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