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Old 02-02-2008, 04:59 PM   #41
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Got a good one in '06, plus a good incentive plan, none for 07 and 08...and the incentive plan is not so good anymore...it is tied to company stock.
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Old 02-05-2008, 08:35 AM   #42
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18.2% in 2007.
16.8% in 2006.

I work in finance - we'll see what happens this year though. That level can't be sustained for too many years. I think I've never worked less than 60 hours/week in both of those years.
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Old 02-05-2008, 09:29 AM   #43
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I think I've never worked less than 60 hours/week in both of those years.
This variable is interesting to track. It would insightful to see how many hours people worked and how that correlated to their increase, if at all.
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Old 02-06-2008, 10:23 AM   #44
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wife is getting a 3% increase in a couple months, healthcare industry
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Old 02-08-2008, 08:33 AM   #45
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My first year as a histologist I got a 4% raise in my first 6 months based on performance. I then took another job making 2 1/2 times the money in the same field. So far I have not gotten a raise as I haven't even been here a year, but what I've heard from people is that raises here (Pharmaeutical company) are based on performance and that bouses can be given as well. I don't know how that's going to pan out over the next few years with all the cuts going on in Big Biopharma companies. I guess we'll see. But I make enough and save enough that I'm happy.
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Old 02-09-2008, 10:57 AM   #46
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I just got a 3.2% increase in my salary from 2007, which I am kinda disappointed considering the increase in cost of transportation and utility.
I would like to know what was your increase and what industry are you employed in. I work in the financial industry.
Thanks,
I'm surprised by the small raises that tech people are getting. Meanwhile, all I read in Mass High Tech is about how there aren't enough qualified engineers because all the boomers are retiring. Then I look at the byline, and it's usually some comp. sci. professor or another looking out for his own job security.
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Old 02-09-2008, 04:48 PM   #47
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Tech people are still under huge pressure from outsourcing. Folks may say they dislike dealing with foreign techncial help, but companies are eager to "reduce costs" by replacing workers with foreign contractors - either H1B here or truely foreign outsourcing there. The "shortage" of workers could be fixed with market compensation but is used instead by company lobbyists to make sure H1B's are expanded and legislation permits firing domestic staff to pursue foreign outsourcing.

Aside: Few are aware that foreign shops that get outsourcing contracts often offer working conditions and hours that would not be tolerated by American workers (or in many cases would be illegal). For example, typical Indian high tech programmers work at tightly packed desks - not even cubicles - in rows in a huge open room for 12 hour shifts daily.
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Old 02-09-2008, 05:57 PM   #48
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7.6% increase for me and I'm an accountant in Western Canada.
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Old 02-09-2008, 07:18 PM   #49
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I'm surprised by the small raises that tech people are getting.
Add our company to the list of companies outsourcing to India. Interestingly, two other companies are tired of outsourcing and are insourcing.

Personally, I have no ill will to outsourcers, but I think a lot of companies tend to do it to 'cut costs and go faster'. I think they tend ignore the fact that having people on-site that understand your business and issues lets you go faster than someone working halfway around the world. Just because you can afford four of them for the price of one local programmer doesn't mean that you can go four times faster.

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This variable is interesting to track. It would insightful to see how many hours people worked and how that correlated to their increase, if at all.
I'm not sure it does, directly. However, if you're good at your job and don't watch it, you end up being the go-to person and, as a result, find yourself working way too much.

I've gotten fairly decent raises consistently throughout the years (I think I've hit the ceiling in my current role, though). However, I did take a 25% pay cut to get out of a company and position where I was tired of working 80-110 hours a week.
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Old 02-10-2008, 07:05 AM   #50
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Aside: Few are aware that foreign shops that get outsourcing contracts often offer working conditions and hours that would not be tolerated by American workers (or in many cases would be illegal). For example, typical Indian high tech programmers work at tightly packed desks - not even cubicles - in rows in a huge open room for 12 hour shifts daily.
Very off topic: We had a gas station in my little burg. Three years ago I was talking with the clerks behind the counter, who always seemed to be there. I found out they were from India and they were in fact always at work. They were saying the were paid a salary of 30k per year, but worked 12 hour days six days per week. They didn't like the long hours, but were quick to add that the job was better than they could get in India. They both were unskilled and didn't graduate high school. My point is if these people were willing to put up the the horrible working conditions here, how bad it must be over there.




The typical pay raise for the company I work at is 3%. The average must work out to 3% across the team/district/business unit/company. So if I get the average I can treat the family to a moderate dinner out once per pay period and if we don't order an appetizer or desert, my pay raise might cover it. It is still better than one my wife received a few years back. The short back story: She went back to work at a company and they messed up her benefits. The boss told her to stick with it and he would compensate her with a good bump in a year (that was the earliest he could change her pay). She stuck with it. A year later she received IIRC something like a 5% bump. Three months later they had the annual performance reviews/pay raises. I don't recall what percentage she received but the dollar amount was only $2.68 per year. Of course she complained to her boss who of course put the blame on HR. He contacted HR and requested they send he a letter of explanation, and they did. The reason she could not have the average performance raise was because she just received a raise a few months earlier.
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Old 02-10-2008, 10:06 AM   #51
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I visited an outsourcing company we were using in India. It's not just the outsourcing companies that work fantastically long hours for very little pay. The hotel waiters worked 7AM to 11PM six days a week, through they were allowed to be off-duty from about 2PM to 4PM. The hotel IT guy who kept trying to fix the room internet connections worked 6AM to 10PM six days a week with no breaks. They seemed cheerful enough about it and said they were happy to have jobs, since there were huge numbers of people who would quickly take the jobs if they didn't work the full hours.

The actual outsourcing company worked 12 hour shifts 9AM to 9PM (or the reverse, for a somewhat smaller group) but all the managers stayed a few hours extra every day and most workers did as well.
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Old 02-10-2008, 10:45 PM   #52
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I visited an outsourcing company we were using in India. It's not just the outsourcing companies that work fantastically long hours for very little pay. The hotel waiters worked 7AM to 11PM six days a week, through they were allowed to be off-duty from about 2PM to 4PM. The hotel IT guy who kept trying to fix the room internet connections worked 6AM to 10PM six days a week with no breaks. They seemed cheerful enough about it and said they were happy to have jobs, since there were huge numbers of people who would quickly take the jobs if they didn't work the full hours.

The actual outsourcing company worked 12 hour shifts 9AM to 9PM (or the reverse, for a somewhat smaller group) but all the managers stayed a few hours extra every day and most workers did as well.

America is a great country isn't it? People should be thankful that we live in this great country.
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Old 02-12-2008, 12:18 AM   #53
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I'm surprised by the small raises that tech people are getting. Meanwhile, all I read in Mass High Tech is about how there aren't enough qualified engineers because all the boomers are retiring. Then I look at the byline, and it's usually some comp. sci. professor or another looking out for his own job security.
Yep, 0% raise this year at the tech company that I work for. Good thing too -- if I got a raise, it would have meant that I was severely underpaid in my position (only the severely underpaid got a raise this year).

Our company has changed the way that it does compensation. Very few raises will be given out. Instead, we're going to get a variable yearly bonus which reflects our performance and is supposed to be the equivalent of a raise <yeah, right>. If the company does extremely well, we get a bonus. If the company does average or poor, little to no bonus. It's a real win-win.... for them.

We're in that stage of the employment cycle where managers are saying 'just be glad you still have a job'. Been putting in lots of hours lately. Still have a job, for now. It hasn't left me with much time to post here at the ER forum lately <sigh>
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Old 02-12-2008, 09:22 PM   #54
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We're in that stage of the employment cycle where managers are saying 'just be glad you still have a job'. Been putting in lots of hours lately. Still have a job, for now. It hasn't left me with much time to post here at the ER forum lately <sigh>

Really? It feels to me as if I have been in the same cycle since 2001.
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Old 02-13-2008, 01:27 AM   #55
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We're in that stage of the employment cycle where managers are saying 'just be glad you still have a job'. Been putting in lots of hours lately. Still have a job, for now. It hasn't left me with much time to post here at the ER forum lately <sigh>
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Really? It feels to me as if I have been in the same cycle since 2001.
LOL, how true! Since 2001 management has been giving us small raises and telling us that we're lucky to still have a job. This year, they skipped the raise and just told us we still have a job.
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Old 02-13-2008, 03:11 PM   #56
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3% last year, 2% the year before that. In 2000, after my first year with Megacorp, I got 14%. The bubble popped after that, and since then it hasn't kept up with inflation.
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Old 02-15-2008, 06:43 PM   #57
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I'm a researcher with a non-profit. Our raises are 3.5% or 0% (in recessions). We expect 3.5% this year -- it takes a year for the recession to hit our paychecks. In my previous job I earned 10% a year (also a non-profit). Gave me great negotiation power for my current salary in a location where expenses are a fraction of DC.
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Old 02-16-2008, 07:06 PM   #58
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Raise and Bonus

I received a 9% raise now preceded by about an 11% raise 6 months ago. I also got a ~5% bonus.

No complaints from me!

musings on personal finance
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Old 02-22-2008, 11:49 AM   #59
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Pharma here... 7% raise in 2006, 7% raise in 2007, don't know yet for this year, but smaller raise expected. The annual bonus has also been slashed this year after three generous years (10, 12 and 13.5% of gross).
I posted the above message before raises and bonuses for 2008 were officially annonced. Now we know this year's numbers. For 2008, 8% merit raise + increase in pay grade due to promotion for a total of almost 16% raise for base salary. The annual bonus was slashed from an expected 13.5% of gross base salary to about 10% this year. Due to the promotion, the size of the bonus could increase next year though, up to 18% of gross base salary. Also the company slashed some benefits (25% cut in 401K match and fewer stock options).
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Old 02-22-2008, 12:00 PM   #60
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Interesting, I became a manager 3 months ago, and it's review time, so I've learned we have a 4% pool this year. I'm going to get nothing due to the late year promotion, but I've gone from 64k to 93k in 3 years, plus goodies/profit sharing so I'm not sweating it. It's an engineering/IT/Software shop, typical mega-corp with many thousands of employees.
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