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View Poll Results: 2019 Merit Raise
x <0% 3 1.55%
x = 0% 7 3.63%
0% < x <= 1% 3 1.55%
1% < x <= 2% 30 15.54%
2% < x <= 3% 60 31.09%
3% < x <= 4% 47 24.35%
4% < x <= 5% 21 10.88%
5% < x 22 11.40%
Voters: 193. You may not vote on this poll

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  #21  
Old 01-24-2019, 05:41 PM
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This is very early to do reviews...
My review is in April-ish, raise effective June 1. I'll report back in a bit.
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  #22  
Old 01-24-2019, 06:06 PM
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Originally Posted by Colonel Smoothie View Post
Same company. I did take a 30% pay cut to join a startup consulting group a couple years ago and hadn't gotten a raise until this month (basically spent the whole time trying to win business). We won a lucrative contract and some changes in my responsibilities happened that warranted the increase. I don't know if you'd call that a promotion but my title didn't change and won't change for at least the next few years, so technically it wasn't.
oh, okay, so a net 15.5% raise over where you were a few years ago? (.7 x 1.65) - 1
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  #23  
Old 01-24-2019, 06:10 PM
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my average salary raise over the last 8 years or so was 3.5%, so i expect something along those lines this year. bonus/LTIP is what matters though compared to salary bump
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  #24  
Old 01-24-2019, 06:17 PM
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oh, okay, so a net 15.5% raise over where you were a few years ago? (.7 x 1.65) - 1
Something like that. My total comp is pretty average for the area now. But for a while it was looking very lopsided (and not in a good way).
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Don't you even think about sending me your resume. I'll turn it into an origami boulder and return it to you.
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  #25  
Old 01-24-2019, 06:19 PM
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my average salary raise over the last 8 years or so was 3.5%, so i expect something along those lines this year. bonus/LTIP is what matters though compared to salary bump
I have a question, since you seem to be closer to retirement than me. Was there a point where you believed you were as high as you wanted to be, or have you always been shooting for promotions? 3.5% over 8 years doesn't seem so great for me, but I assume 3.5% for you is higher than it is for me.
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Don't you even think about sending me your resume. I'll turn it into an origami boulder and return it to you.
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  #26  
Old 01-24-2019, 06:39 PM
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I have a question, since you seem to be closer to retirement than me. Was there a point where you believed you were as high as you wanted to be, or have you always been shooting for promotions? 3.5% over 8 years doesn't seem so great for me, but I assume 3.5% for you is higher than it is for me.
I'm not yoyo, but I'll give my two cents. I've been pretty content for a few years now, I did negotiate a raise last year because I felt like I could. But I'm at the point where I can buy everything I need, fund my hobbies, travel quite a bit, and still save enough to retire pretty early.

So, I'm not really that into climbing the corporate ladder any more at this point. Would just add stress, and I don't think the benefit is worth it.
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  #27  
Old 01-24-2019, 06:52 PM
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Originally Posted by Colonel Smoothie View Post
I have a question, since you seem to be closer to retirement than me. Was there a point where you believed you were as high as you wanted to be, or have you always been shooting for promotions? 3.5% over 8 years doesn't seem so great for me, but I assume 3.5% for you is higher than it is for me.
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I'm not yoyo, but I'll give my two cents. I've been pretty content for a few years now, I did negotiate a raise last year because I felt like I could. But I'm at the point where I can buy everything I need, fund my hobbies, travel quite a bit, and still save enough to retire pretty early.

So, I'm not really that into climbing the corporate ladder any more at this point. Would just add stress, and I don't think the benefit is worth it.
GF hit some points that are true for me too. i'm at a very good spot at my company and have no desire to move up higher. the next position up for me is CFO, and i don't really want that job. considerably more $, but not worth the quality of life hit for me.

the 3.5% annual increase per year is nice to get, but my annual bonus averages 35% of base (pretty sure it's 37.5% this year), so there's that
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  #28  
Old 01-24-2019, 07:09 PM
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GF hit some points that are true for me too. i'm at a very good spot at my company and have no desire to move up higher. the next position up for me is CFO, and i don't really want that job. considerably more $, but not worth the quality of life hit for me.

the 3.5% annual increase per year is nice to get, but my annual bonus averages 35% of base (pretty sure it's 37.5% this year), so there's that
That makes sense. It's my impression that for the senior positions the bonii and bonii-accessories start to matter more, and 3.5% there would equate to much more than 3.5% at my current base.

I'm pretty happy with the way last year turned out, but there's still a long ways to go for me to be where I'd like to be.
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  #29  
Old 01-24-2019, 07:27 PM
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That makes sense. It's my impression that for the senior positions the bonii and bonii-accessories start to matter more, and 3.5% there would equate to much more than 3.5% at my current base.

I'm pretty happy with the way last year turned out, but there's still a long ways to go for me to be where I'd like to be.
good luck! i'm about 14 months away from calling it quits. i'd like to get some part time work as a butcher after that. maybe. we'll see.
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  #30  
Old 01-24-2019, 08:52 PM
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i'd like to get some part time work as a butcher after that. maybe. we'll see.
The concept of doing this in semi-retirement makes me happy.
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