Corporate raises?

[grumman38]

What is "standard" in the industry? A COLA? Our company even took one guy backward($5,000)! Any input on what is the standard would be great. If no raises are offered is it correct protocal to ask, I know this sounds naive but I have been self employed up to this point.

 

[svcta]

I had to ask for a raise at my last job, because it was clear that they weren't going to offer one. I simply put together a few numbers from the two big salary reports(Propilot and NBAA) and decided where I wanted to be. Then I just asked the CP. Arranged a time to talk about it and made my case for the raise. He agreed and passed it along to the boss.

Here's the downside to working for wealthy people. They remain wealthy by not giving money away. I did get a raise, but it wasn't what I wanted and the raise I did get came with the following statement: "We love the way that you do your job and interact with the passengers, but this is all we can pay you. We understand if you need to find a new job."

So that's what I did.

To more precisely answer your question, just do a little homework about what others are making for similar equipment in your area for a similar size company and settle on a number. Ask for what you want but know before you ever hit the room what you'll take. Then it's a matter of scheduling a time to talk with your boss about it and make your case. I wouldn't worry too much about what others have done within the dept if you don't already know. Just blaze your own trail(tactfully, of course). Good luck.

 

[bizjet800]

There are some good books on salary negotiations. I would read those in addition to what svcta said.

 

[grumman38]

Thanks

Thanks, Good info!

 

[AA717driver]

svcta--Did we work for the same company?

I got bumped pretty good for the first couple of years but then I was told it's 3.5% forever--regardless of how good a job you do.

These days, 3.5% doesn't even cover inflation.

And I'm the bad guy for leaving... TC

 

[jrbevis]

Last week I was told "If you can get paid more, you should go with it." I cant say I dont agree with him. I just thought I should ask to at least make "Average".

 

[sydeseet]

The company bean counters come up with a COLA and then any merit raise for above and beyond the call of duty is added to that. Basically if be all you can be they might tack on another .5 - 1.0 percent to the COLA. This adds up over the years but isn't exactly a great motivation to be all you can be. We make industry standard $$$, good bennies, and get a COLA every year so I can't complain too much.

Inflation is spooling up to be big this year so my anticipated COLA of 3-4% will probably not properly index the CPI or even the price of what it costs to drive to work or pay the heating bill. But how about my portfolio!!!!!!!!!! Ahem......