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At my place of employment, it starts at about a $2K increase & each yr, goes about $100 on top of that, so when it gets to the 12th yr of employment, it's finally $3K more. I'm on my 2nd yr on the payscale.
At my place of employment, it starts at about a $2K increase & each yr, goes about $100 on top of that, so when it gets to the 12th yr of employment, it's finally $3K more. I'm on my 2nd yr on the payscale.
How about you?
If you get promoted would you get a raise? My experience has been that generally there's a small COL/performance raise each year similar to what you are getting, but as you progress in your career you get promotions and that's where the real raises come in to play.
At my particular workplace, I can't really get a promotion/higher position because at my place of employment, there's basically 1 higher boss & that's it, which I wouldn't want to do that person's job anyway. I'd just stay in my current one for years. If I went out on my own & started my own business by opening my own practice, then I'd be like the CEO of my own company.
At my particular workplace, I can't really get a promotion/higher position because at my place of employment, there's basically 1 higher boss & that's it, which I wouldn't want to do that person's job anyway. I'd just stay in my current one for years. If I went out on my own & started my own business by opening my own practice, then I'd be like the CEO of my own company.
I'd stay where you are for 3-5 years, learn everything you can about the business, and then either leave and start your own or transfer your skills to a different job with a different company in a higher level role.
I found out recently that the owner of the company I work for re-capped everyone's max pay to, you guessed it, exactly what were getting paid now. So, no more raises for me until I get a promotion, and considering I'm the only one in my dept. and the next step up would be the CFOs position, looks like I'm stuck for a while. We don't even get COL.
I'd stay where you are for 3-5 years, learn everything you can about the business, and then either leave and start your own or transfer your skills to a different job with a different company in a higher level role.
Nothing wrong with doing that.
My words exactly that I said I'd do in my other thread asking about one's short/long term career goals!
Where I work at, the morale is low and there is no future for anyone here. If this company lasts another five years, everyone will probably get the same pay five years from now as they are today.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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We get an annual raise based on performance up to the limit set in the budget for that year, currently 3.5%. A few thousand a year is not very noticeable on the paycheck, it really takes a promotion to get ahead financially. Actually just to stay up with inflation.
My former company there was a performance increase every year. IF you performed, you were provided an increase based on a few things.
If you were just an average performer and were already at the higher end of the pay scale you could possibly receive no increase. If you were a top performer and you were at the lower end of the scale you would get a bigger raise than a top performer at the high end of the scale.
I am at a new company. We are a start up. So there is no formal merit process-- this year they just rolled out performance objectives for merit increases/bonuses, etc.
Like any job I go to-- I am willing to see for one about 18 months where I will end up (I used to say one year but at my level you have to give it more than just 12 months). If I am rewarded for my contributions, challenged, promoted, etc then I will happily stay. If not, then I will look for a new opportunity. At that point I will have completed an MBA from a Top 20 school with excellent recruitment so... I should have multiple options.
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