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HOOTER SLED-
01-27-2005, 05:16 PM
What would you consider to be a decent annual pay raise for a salaried employee?? Assuming of course performance was satisfactory???

mbrown2
01-27-2005, 05:17 PM
4%

HOOTER SLED-
01-27-2005, 05:19 PM
4%
Yea that's what I was thinking. On the low end too.

ahhell
01-27-2005, 05:22 PM
4% would be appreciated...my last was 2.5%...never sick, never late, always doing extras, 10 YEARS AT THE PLACE...next job op...SEE YA...JUST RANTING :confused:

Ziggy
01-27-2005, 05:27 PM
Lot of different opinions can be expressed on this...depending on which side of the desk you sit on. :smile:

Rock-A-Bye-Baby
01-27-2005, 05:28 PM
i also think you have to weigh in how much they make to begin with. A person making $20,000 annually gets a 4% raise. that is only an extra $67 a month. Is that considered a raise? Where as if the person is making $80,000 a year gets a $267 a month raise. That has a little bit more of an impact on a persons life. a $67 monthy increase will net out to basically 3 days of lunch money.
just my $.02. Maybe i should bump that up to $.0208 (that's a 4% raise)

INSman
01-27-2005, 05:29 PM
Does 4% even cover increased Cost of Living in this wonderful state of ours ?

HOOTER SLED-
01-27-2005, 05:32 PM
Lot of different opinions can be expressed on this...depending on which side of the desk you sit on. :smile:
Yea, exactly. As a member of management, I can understand when the pennies need to be pinched and raises need to be limited. But you can only take a hit for so long. It's getting expensive to live nowadays. I got a 3 1/2% increase.

NashvilleBound
01-27-2005, 05:36 PM
Lot of different opinions can be expressed on this...depending on which side of the desk you sit on. :smile:
4-6% with the good performance reports stated previously. Plus a Christmas bonus (I dont give a rats ass.."I" call it a Christmas Bonus cuz I sign the checks) of (lots of variables here) 2-6%....been as high as 15 but its rare.

Ziggy
01-27-2005, 05:37 PM
Yea, exactly. As a member of management, I can understand when the pennies need to be pinched and raises need to be limited. But you can only take a hit for so long. It's getting expensive to live nowadays. I got a 3 1/2% increase.
Right you are...its the California way to be expensive. Just as well as Ca. is not cheap to do biz in either...its a killer all around for all....Trick is to find the happy medium that both can work with. I'm all for fair increases so long as the bottom line reflects the same.

clownpuncher
01-27-2005, 05:38 PM
Need a ton more info before I can give an eduacated opinion. I've dealt extensively in negotiations for our labor group in the past. Gotta consider cost of living and more importantly, total benefit package. If you're talking strictly pay $$, money, etc, than I'd say whatever you can get in this day. When you start adding in all the benefits, (allowances like car/uniform/tech etc, incentives, healt/dental/optical), a pay increase can be really insignificant in the total package.
One of the hardest things I had to do was convince the "young'ns" that our ie: 3% pay raise is really good considering the rest of our package.
Anyhow, long story short, look at your entire benefit package before deciding if a 4%, or whatever, pay raise is sufficient.

NashvilleBound
01-27-2005, 05:39 PM
4% would be appreciated...my last was 2.5%...never sick, never late, always doing extras, 10 YEARS AT THE PLACE...next job op...SEE YA...JUST RANTING :confused:
You need to renegotiate...or move on...2.5% is weak! Just my .02

Nubbs
01-27-2005, 05:39 PM
I would think 5% would be a little low for a good employee. I think it also depends on the previous year's raise and what the salary is too. I wouldn't give a 15% raise two years in a row. I also wouldn't give a deserving employee 2% in consecutive years either. The company's situation should also play a role. If the company can't afford a big raise, the situation should be explained to the employee. If the company did good, I think the raise should be higher, or a bonus should be given. That's my $.02
Nubbs

Brewzed
01-27-2005, 05:42 PM
4% would be appreciated...my last was 2.5%...never sick, never late, always doing extras, 10 YEARS AT THE PLACE...next job op...SEE YA...JUST RANTING :confused:
I'm in the same situation, 10 years, 10 hour days, never miss work. I haven't had a raise since '99. If it wasn't for the freedom I have here, I'd be long gone. Sometimes I have to vent

LaveyJet
01-27-2005, 05:42 PM
Is 4% enough? If you're not a public employee then everything is negotiable. If not money, then benefits. If you think you’re worth more ask for it, Sell yourself. Think bottom line. What is you value to your company? How productive are you? Is your boss getting a deal? (Are you ripping him off?) What’s your 5 year plan? What’s his?

mbrown2
01-27-2005, 05:43 PM
i also think you have to weigh in how much they make to begin with. A person making $20,000 annually gets a 4% raise. that is only an extra $67 a month. Is that considered a raise? Where as if the person is making $80,000 a year gets a $267 a month raise. That has a little bit more of an impact on a persons life. a $67 monthy increase will net out to basically 3 days of lunch money.
just my $.02. Maybe i should bump that up to $.0208 (that's a 4% raise)
Normally, in the corporate world the hard worker that gets in on the ground floor is going to see better than 4% annually....at the bottom there are more opportunities for promotion so it is not unheard of to progress upwards through three different jobs or titles in a three year span, so a 7-10% increase with each promo along with a 4% merit annually starts to make a different on that 20K (initially) person's life. As you get up the ladder, the point of the pyramid gets smaller...at 80K there are still opportunities, but less than the ground floor...as you get to 160-200K, the opportunities become even less, and when you are at the top pulling down 8-15Mil a year, there is no where to go except the lake to spend it. :rollside:

Havasu Hangin'
01-27-2005, 05:44 PM
I believe the cost of living was 3.5% last year. Anything less is going backwards. :idea:

mbrown2
01-27-2005, 05:46 PM
I would think 5% would be a little low for a good employee.
Nubbs
I said 4% for satisfactory....if the person is an overachiever and on the right side of the bell curve, then they are getting 6-7-8% whatever you can afford...the people on the left side of the bell curve, are going to get less than 4%....rob from the underachievers, give to the overachievers, all things being equal. :cool:

BarryMac
01-27-2005, 05:48 PM
Minimum of 4%, I work for an awesome company, they gave me 8.5% last year, they understand the long hours and compensate for good attendance...

Kilrtoy
01-27-2005, 05:49 PM
be glad you have a job, there are people out there that will do it for alot less

mickeyfinn
01-27-2005, 05:53 PM
I think everyone probably has a different opinion of what a "good" raise is. The question should be more based on what is "fair". It would seem that if a person is worth keeping and is continuing to learn and grow with your company the company should make sure that they are continually moving up the salary range. I also believe that raises based on "how the company is doing" are a mistake. If you have a good employee who you appreciate the raise should be something that covers the cost of living and then gives them some raise on top of that. That shows the company's appreciation and long term committment to the employee. If the company is doing exceptionally well then perhaps lump sum bonus is in order. This allows the company to show its appreciation during the good years and keeps the salary at a moderate level in case lean years are in the future. If you give the employee a raise that is based in a large part on the fact that the company is doing exceptionally well then the company risks having to cut salaries or not give raises during the lean years. Just my .02 worth.

Mrs. HOOTER SLED
01-27-2005, 06:11 PM
Now look at what you started....... :hammerhea :2purples: :D

LUVNLIFE
01-27-2005, 06:19 PM
be glad you have a job, there are people out there that will do it for alot less
It's all about getting ahead and doing better. More money better living. Harder I bust my ass, I get compensated. Nothing wrong with that.

Sleek-Jet
01-27-2005, 06:28 PM
My last company was about 3% annually... just enough to cover the increased cost of insurance... And while my dollar wasn't going as far because of inflation and the like, I was essentially bringing home less money. I had to start cutting back on the retirement contributions and the like to maintian my way of life.
I had topped out where I was, no management oppotunities were on the horizon so I want a huntin'.
The current employer pays all of the insurance premiums (for now) plus a favorable retirement package and the standard 3% COLA (I think that's the term). But more chances to move up in the company.

haulina29
01-27-2005, 06:37 PM
3 percent max and if the person did well a cash bonus that way he will need to perform next year as well . 5 percent two years in a row and have a bad year and you are upside down in a hurry .

Lightning
01-27-2005, 06:41 PM
Minimum of 4%, I work for an awesome company, they gave me 8.5% last year, they understand the long hours and compensate for good attendance...
Was this before you were a post ***** or after??

Havasu Hangin'
01-27-2005, 06:46 PM
I got a 13% increase last year.
Went from $4.75/hour as a French Fry Specialist to making $5.37/hour as a Drive Through Captain.
I agree with Kilr...there are lots of unemployed people out there (who would love to be making the big bucks in the drive through window). :idea:
Everyone on here should count yer blessings (especially those with the high post counts during working hours)... :supp:

Kilrtoy
01-27-2005, 06:52 PM
Everyone on here should count yer blessings (especially those with the high post counts during working hours)... :supp:
Who would you be talking about,
I just got a raise yesterday 7.5 % :D

Havasu Hangin'
01-27-2005, 06:54 PM
Who would you be talking about,
I just got a raise yesterday 7.5 % :D
Must be a union job based on tenure.
:D

Jbb
01-27-2005, 06:54 PM
would you like some fries with that.... :supp:

Havasu Hangin'
01-27-2005, 07:04 PM
would you like some fries with that.... :supp:
Chicks dig a man in uniform (even if it is a paper hat)...
:D

Havasu_Dreamin
01-27-2005, 07:10 PM
What would you consider to be a decent annual pay raise for a salaried employee?? Assuming of course performance was satisfactory???
It's also dependent upon the industry of said salaried employee.

Kilrtoy
01-27-2005, 07:20 PM
Must be a union job based on tenure.
:D
hey now, this old buck stills shows those youngsters the tricks of the trade, just not all the tricks

BarryMac
01-27-2005, 07:22 PM
Was this before you were a post ***** or after??
During my post wh oring...

DogHouse
01-27-2005, 07:26 PM
Raise pool at good ole' Honeyswell this year is 3.5% (at least in our division). Some will get more, some less, depending on ranking in the departments and their current pay level compared to everyone else. Yearly bonus will be in the 6-8% range (corporate hasn't announced the final #s yet). I did ok last year, got an above average raise, then a promotion with another small raise for a total of around 8-9%. This year probably won't be as good for me, be lucky to get anything after last year. Overall I'm pretty happy where I'm at considering the local pay scales for similar jobs. Of course if someone offered me a big fat raise I'd probably take it! ;)

mexrunner
01-27-2005, 09:16 PM
my cost of living is 3.5% but union negotiates wages every 4 yrs seperate from c.o.l. Plus if i ever need money can pretty much work as much ot as i want

Scream
01-27-2005, 09:42 PM
A good rais is at least 8 to 10%. You just don't see enough from anything less. IMO that is. Of course when I give myself a raise, it's usually a bit more than that...

Dr. Eagle
01-27-2005, 09:44 PM
A good rais is at least 8 to 10%. You just don't see enough from anything less. IMO that is. Of course when I give myself a raise, it's usually a bit more than that...
Well, my company needs to get off their ass, I have an offer in my hand that equals about a 15% increase plus bonus. I talked to the boss today... we'll see what happens.

NorCal Gameshow
01-27-2005, 09:49 PM
Well, my company needs to get off their ass, I have an offer in my hand that equals about a 15% increase plus bonus. I talked to the boss today... we'll see what happens.
are you offering it to your boss, or is your boss offering it to you? :D

mbrown2
01-27-2005, 09:58 PM
Well, my company needs to get off their ass, I have an offer in my hand that equals about a 15% increase plus bonus. I talked to the boss today... we'll see what happens.
If you are trying to play your boss for more money, good luck and I hope it works...but sitting on the other side of the desk, when someone does that to me, and I think they are compensated fairly to their peers that are of equal impact and contribution, and paid fairly in market studies, all things being equal, I might give them the money ONCE to lower my risk of losing them.......However, I would be finding your replacement over the next year.......when someone comes in telling me they found a better opportunity, I figure they have already left in their head...and now I need to manage the risk of them leaving or coming back and asking for more money so I find a successor....again, if you are underpaid, you have to do what you have to do, but i would not leave my company without a base increase of 20% and then the same or more on bonus, stock options and stock....my .02...Hopefully it works for you.