Annual Salary Review?

[sleepy]

Just wondering, what do you get for you annual cost-of-living salary increase. I am talking percentages, not actual dollars.

 

[happyclownfish]

Right now I get nothing. After 3 years with the same employer am asking for 5% "COLA" (I think it is called). Not sure if I'll get it or not.

Irony is that after years of mediocrity am now seeing some decent income. Just cannot believe how expensive it has become to live in the interim, never mind get ahead.

 

[Mr. Irrelevant]

Historically, over long periods of time the cost of living increases about 2.8% per year. Obviously the area you are in may be slightly more or less than this number in various years but it's a good number to start with if you'e looking for a raise. In other words, beat 3% or so each year and you'll be ahead of the game over the long-term. Much easier however to change jobs for 15-20% increases than it is to try and move ahead by getting yearly raises.

Mr. I.

 

[maximizer]

3%

 

[AZ Typed]

Just cannot believe how expensive it has become to live in the interim, never mind get ahead.

It's America - do like the folks you haul around did and make something happen. It will only get worse (more expensive & less benefits) if you, or any of us, doesn't take control - get financially smart, start a business, make more dough - you get the idea.

AZT

 

[sleepy]

Thanks for the replies. At our place most people seem to get between 1 and 5 percent per year. I guess that is fairly standard?

 

[Mr. Irrelevant]

Unless bonuses are also part of the package or the company is in financial difficulty, I'd hazard that one percent is a message on the part of the company; Please take a look at the door!

Mr. I.

 

[sleepy]

Unless bonuses are also part of the package or the company is in financial difficulty, I'd hazard that one percent is a message on the part of the company; Please take a look at the door!

Mr. I.

Very true, I guess they want to get rid of almost everyone.

 

[2EASYPilot]

Unless bonuses are also part of the package or the company is in financial difficulty, I'd hazard that one percent is a message on the part of the company; Please take a look at the door!

Mr. I.

Actually, this depends are where you are in your pay range versus perfromance in many companies. If you are near max in a range a raise may only be 1-2 percent. The lower you are in range and better perfromer you get more...at least in our company.

 

[sleepy]

Actually, this depends are where you are in your pay range versus perfromance in many companies. If you are near max in a range a raise may only be 1-2 percent. The lower you are in range and better perfromer you get more...at least in our company.

Yes, you are right, it seems that the more you make the smaller the COLA raise. This does not include restricted stock awards, which are based on performance + position. The only big raises we get are for promotions. A lot of people are unhappy because the annual raises don't even keep up with inflation in most cases. I was just wondering if it is like that every where else.

 

[southernpilot]

Every single pilot in our ten pilot, multi-base flight department got 5% this year. Some earned more, and didn't get it, some deserve to be fired. Our boss takes the easy way and gives everybody the same. As if we are all the same.
Previous post was correct in advising to get another job and the bump in pay of 10% to 20% and be happy. But if you stay...... Clawing and debating for more than 5% is just not worth it unless you know you have a very good chance of getting more. I have been doing this for years and HR and managers just don't budge unless they have already advised you to expect something very nice. That usually comes with more responsibility and a type rating or designation, like captain or something.
If you think you have a chance and you are presenting a case for more pay, do your homework first. Keep records and a log or journal on your activities and accomplishments though out the year. Never mention your bills or personal obligations, nobody cares. What managers do care about is what can you do for the company, what HAVE you done for the company; and what will you do for the company during the coming year and more that will benefit the company. How will you improve yourself to benefit the company, and how will your actions make the company better? Answer these questions during your presentation or annual review, this is how you ask for a raise. Keep it positive and look forward with your plans and intentions. Unfortunately you have to sell yourself all over again just like you did during the interview.
Good Luck