End of year reviews and pay raises

mbalbritton

mbalbritton

#@$%!
Joined
Mar 22, 2005
Location
Lakeland, FL
Had my end of year review yesterday and it got me thinking. I've always heard that the standard cost of living pay raise is 3%.

Is it just me or does that seem low?

Btw, I told them that wouldn't fly and I ended up with a 16% increase and a nice bonus. [emoji3][emoji106]
 
No end of the year raise for me, guess it all went to my new work truck. 20150723_071257.jpg
 
mbalbritton said:
Had my end of year review yesterday and it got me thinking. I've always heard that the standard cost of living pay raise is 3%.

Is it just me or does that seem low?
Click to expand...
Ha. 3% just as "COLA" would be nice!
There is no "standard". Cost of living changes vary by area and are not enforced or dictated by anyone. Inflation of the dollar alone is typically around 1.5-2.5%. Here 's a table
Historical Inflation Rates: 1914-2015
Note 2015 is looking unusually low, under 1%. So I guess that's good (unless you're a real goods investor, but lets not get into that)

For Fed employees, it was a flat 1%. Same as last year. Guess I shouldn't complain too much, before that it was multiple years of no change at all. Jackasses in congress...
That's supposed to be just to keep your dollar in line, not a raise due to "increased value".
They did also adjust the locality pay tables slightly, so some areas got a bigger % increase. But "bigger" is like 1 percentage point added to the adjustment, so functional change to total is a fraction of a %.
 
Average inflation per year over the last 100-125 yrs is about 3.5-4% i believe.
 
I have never received an annual raise in 21 years of being employed.

In fact it's been 12 since I've had a salary or hourly wage of any kind. ...
 
drkelly said:
Average inflation per year over the last 100-125 yrs is about 3.5-4% i believe.
Click to expand...
check the table I posted. I was surprised how low the law few years have been.
 
We increased headcount 1200 people alone this year. We don't do yearly raises, though, they are about every 18 months or so, and its all up to the boss man and based on your performance.
 
Haven't gotten mine yet, but we just got bought out and I doubt it will be anything impressive considering how they've been cutting capital expenditures.

Of course, in 6 months hopefully I'll be out on my own so that would just make me feel even better about leaving.
 
Working for local government, 3% would be considered huge! I honestly can't remember the last time I received a COLA. I had my annual review in August & was ecstatic because county commissioners had just approved merit increases for the 1st time in years...I got a 1% raise but it was like winning the lottery (now you see why the jeep build is taking forever)! :D
 
Lucky here I guess $.75 an hour + 3% a year for 2 years then 2 3/4% year 3 and 2 1/2% year 4 then contract negotiations all over again.
 
My company has us submit our self-evals in November, then we don't talk about them until February, and depending on the direction of the wind and weather it is either April or July before you see a raise (if you actually get one). Percentage points are very low. You have to find another job in the company (or go to another company) to get anything amounting to a real raise but the benefits package is stellar.
 
We got 2% this yr. Had as much as 6% before. For 2yrs now we've supposed to have been switched to performance based pay. Holy shit I can't wait for that! The look on some co-workers faces when they announced that was absolutely priceless.

"You mean we gonna hafta EARN our pay?"

GTFO---->
 
1.3% for the .mil. Works out to $47 per month for me. I guess I'll just increase my 401k by 1.3%.
 
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