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I just got a raise
- Thread starter Lumberg
- Start date
gab9681
New member
My old employer used to give out 2% "cost of living" raises every year and if you were really really good, you might get an extra 3 for a total of 5%. We all boycotted one year and told them we didn't want the 2% raises and that the cost of paperwork to put them into effect was more than the raises themselves. Management didn't like that and told us we had to take the raises. Fuckers.
Seems like the norm. My wife`s getting that too at her "review" lol wtf are they gonna review? Still 3% adds up after a while. 5 or 10 is better though. lol <---Mr obvious says...
Lumberg
New member
jestros said:
Yeah if you get a "commendable" rating you get 3.2%. If you get an "outstanding" rating you get 4.2%.
So the REAL insult is to the "outstanding" performers. I would wager that to get an "outstanding" rating you have to work more than 1% harder than required to get a "commendable" rating. So that's a real slap in the face. I got outstandings the last 2 years but I transferred to a new job and my last boss held a grudge so he sabotaged my rating for the new job. But in a way I feel happier to be on the other side of the coin and laugh at the people who got "outstanding."
awittyusername
New member
Lumberg said:
Does this mean you are in charge of the fries or drive-up window?
A
alien amp pharm
Guest
3% is a lot if you are Matttheskywalker
Not my forte but I think cost of living raises vary state to state and if I recall NY is around 6%. (ANyone know about this please correct me - I'm curious anyway.)
My last four years with the prior boss I wasn't offered a raise even though I ran their business, My "bonus" was $100 after nearly 8 years there and they never ever "had any money".
My last four years with the prior boss I wasn't offered a raise even though I ran their business, My "bonus" was $100 after nearly 8 years there and they never ever "had any money".
vinylgroover
New member
I'd rather get a plasitc watch than a 4% raise, but better in your pockets than their's i guess.
vinylgroover said:
LOL you guys making mad cash... Nothing wrong with 4 or 5% IMO. That adds up. If you made 10% + every year, we would all be rich. Then again, this is EF...
TheProject
New member
Most companies around where I live, the average raise is 2-5%, 5% being unusual.
Just the joys of the economy right now.
Oh, for the tech boom of old.
Just the joys of the economy right now.
Oh, for the tech boom of old.
rsnoble-im-back
Banned
U are correct, that 1% ain't worth it! Way to go LB.
Lumberg said:
rsnoble-im-back said:
ummm from 3.2% to 4.2% is NOT a 1% harder effort. You have to go by percentage terms to figure out how much "harder" you`re working.
When you go from 3 to 4, you`re going up 33% not 1%. I`m not arguing the case of who and why to get raises, I`m just stating the mathematical facts.
awittyusername
New member
Lestat said:
Why are all you guys arguing over 3%..3.2%..1%...4%...etc??? It doesn't matter!!
I tell you what....You can all kiss 3.2876389% of my ASS
Lestat said:
I said the same thing. lol You type a lot faster than I do.
vinylgroover
New member
To me, if i'm busting my ass for my employer, i would view 3 or 4% as an insult.
I would rather be presented with a nice gift like a watch or a holiday or something than a $2000 pay rise.
I would rather be presented with a nice gift like a watch or a holiday or something than a $2000 pay rise.
Is`nt there a certain limit to what you can get anyway, before they tell you to either stop getting raises or get promoted to another position coupled with more responsibilties?
I had to lay the smack down on that one man... i hate to see logic THAT fucked up..gonelifting said:
Actually.. people who think like that make it easy for the over acheivers to get that extra 1% raise with ease.. the other people just don't bother.
Also keep in mind bitches, its compounded the next time you get a raise. So lets pretend you get 3% every 6 months and I get 4% every 6 months.. we both start out making 50K... in just a few years I'm gonna be making substantionally more then you.. all for working just 1% harder.. ha!
at my company there is.. but you still can get bonuses.. which can help.. your base salary just wont go up.. you have to be making the 99th percentile for your title though.. tough to do.. I make the 40th-50th percentile for my title now.. still some room to grow.gonelifting said:
mountain muscle
New member
I got a nearly 50% raise when I started this new job. But I have to live on the rig now until TD, Right now though I am stuck up in North Dakota following a rig around. 17 degrees and windy. Thank god I am inside.
Lumberg
New member
THe smacketh goes the other way now noobs.
Two guys make 50k a year. Guy a gets commendable, Guy b gets oustanding.
The next year, A is making 51,600. B is making 52,100, or $500 more. That's actually less than 1% more than 51,600. SO B , after working more than 1% harder, makes less than 1% more money. So the people that work hard 4 the sake of working hard get a little bit more, and the lazy ones stay comfortable.
I'm talking about any one given year. People here don't typically string together many consecutive outstanding years. But let's 4 the sake of argument say that the trend continues 4 10 years.
A makes 50,000x(1.032^10)=68,512. B makes 75,448. That's only 10% more. So after 10 years, working probably 10% harder than your average worker (commendable), you're still behind. IT probably doesn't start to catch up until you stay at the company 4 like 30 years.
Go back to school kids, study some finance, and come back when you have a clue.
Two guys make 50k a year. Guy a gets commendable, Guy b gets oustanding.
The next year, A is making 51,600. B is making 52,100, or $500 more. That's actually less than 1% more than 51,600. SO B , after working more than 1% harder, makes less than 1% more money. So the people that work hard 4 the sake of working hard get a little bit more, and the lazy ones stay comfortable.
I'm talking about any one given year. People here don't typically string together many consecutive outstanding years. But let's 4 the sake of argument say that the trend continues 4 10 years.
A makes 50,000x(1.032^10)=68,512. B makes 75,448. That's only 10% more. So after 10 years, working probably 10% harder than your average worker (commendable), you're still behind. IT probably doesn't start to catch up until you stay at the company 4 like 30 years.
Go back to school kids, study some finance, and come back when you have a clue.
Lestat said:
Exactly!!! "compounded" is the key word. I did`nt want to get too involved with my post but glad you said it. Of course every little bit counts.
10%/year is unsustainable. Making 60k/year with 10%, you`ll end up making over $400,000 at 20 years.
2-10% is more realistic.
Also, why are`nt Smurfy and Lumberg band yet? Did`nt they have sex right on the chat board or something? That`s unacceptable.
Lady Viking
Well-known member
Congrats 
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