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I'm just wondering, now that we're approaching the end of the first quarter. I know the economy is improving overall, but I'm curious if that is actually translating to salary increases for worker drones like myself.
You don't have to say how much obviously, but share what you've experienced! I know every region/industry/position is different, so this is to be taken with a grain of salt.
Also, how has your raise this year compared to previous years if you've been working for a while?
I voted 'other,' becuase I won't know until March 30th. I'm hoping to get a raise and bonus, but I don't think they will be close to what I've received in the past. I work in the insurance industry and last year was the toughest for our company yet. I'm really hoping we'll see some improvements this year. It's scary.
I'm in NYC - both my husband and I received raises and bonuses. However, mine was smaller than years past due to a career change at the ending of last year. My husband is in an industry that either withheld raises or cut salaries for the past few years (still giving a bonus however - just smaller), so we were grateful for the more "normal" raise and bonus this year.
It was a major bummer for me, as I was expecting both a bonus and a raise to help pay for the wedding, and got neither due to the economy. After the wedding, if I haven't gotten a raise, i will be looking for another job, this job pays me way less than I'm worth at this point, and I can barely stay afloat every month.
Crappy all around
I work for a small law firm. I got a bonus but no raise. My bonus was a bit smaller than expected, but it is hard for me to talk about averages since I have only worked there for 2.5 years. I've gotten one raise since I started, at the 18 month mark, of 7%. I got the same bonus this year that I got my first year, but my first year I had only worked there 3 months before bonus-time and this year I worked the whole year. My second year was kind of an anomaly because I closed a multi-million dollar case by myself so my bonus was a lot higher than it would've otherwise been, about 8x what I got this year.
I got both a raise and a bonus this year. The bonus wasn't affected at all by the economy and the raise may have been affected a little bit. Overall, I am pretty pleased with what I got.
Yes, I got a raise and a bonus. However, both were a joke and more like a slap in the face. My raise was $500 - 1.3% to be exact. That was bullshit. My bonus was a decent amount but then like a month after I got an email (so did a few other coworkers) stating that they overpaid my bonus so the amount they overpaid will be gradually taken out of future bonuses! Such BS!!
I got both a raise and a bonus (I also got both last year). Those have been the only two years I've been in the corporate world so I don't have experience beyond that.
My bonus this year was very comperable to my bonus last year but my raise was higher. They said that I was a bit below where I ought to be for the salery so my raise was a bit higher to get me more in line with where I should be.
ETA: DH has also gotten a raise and a bonus both years he has been in the corporate world (although his bonus this year wasn't as good as last years - last year's paid at over 100% of standard and this years only paid at 20%).
I got a raise and a "bonus". My bonus was seriously less than I got my first year out of college, I don't work in finance for the personal satisfaction people.
I received both, but with modifications. Last year we got no bonus so getting one this year was a surprise. They alloted to pay 45% of the bonus plan. So for instance, my employees are usually entitled to 5% of their salary. This year they are entitled to 45% of the 5%, however as their manager I can allot one 30% and give their 15% to a better performing staff member. I chose not to do that, as I thought people only getting 45% of it was enough reducing. I am entitled to 45% of my normal 12% bonus. I got 65% so obviously one of my peers lost some percentage points. Good for me :) Raises havn't been figured out yet but HR has informed us they will be doing something.
I got a raise and a bonus at the end of last year, although I don't really count the raise as a raise. It was much larger than any raise I've ever gotten, but I moved into this position as an internal transfer mid year.
The salary for my new job was quoted to me as almost double the salary of my old job. I got a partial salary adjustment mid year with the understanding the rest would come at the end of the year.
However, at the end of the year I got a very small additional bump and a bonus. Even with those two added together I'm still 20% under what my quoted salary adjustment was supposed to be (and what all my peers are paid).
I got a raise, albeight a small one, as for bonus they only way you make bonus where I am it is if you are say a machine. The expectations for bonus is so high no one makes bonsus anymore
@PitBulLover:OMG are you kidding me?? I can't believe they made such a big mistake and now are literally making you pay for it. I've never heard of that before. Do you think maybe something went wrong like your boss never got proper signoff on your bonus? I can't believe they would go to that extent for their own mistake. Wow.
I got a bonus at the end of last year whereas the year before I did not (it was a bad profit year).
Last year I did not get a raise and this year....I did and didn't.
They're trying out a new method (or so they say!) based on personal/professional goals that we set for me. So much like getting licensed automatically means a significant pay raise. We will set smaller professional goals for myself and each time I reach it will be a small raise.
We'll see if they follow up on it!
I did but I am significantly underpaid so it wasn't much and a little insulting. I was able to see the bonus/raise spreadsheet for the company though and some people made bank. It was sickening considering how many people we laid off. We have around 20 directors and the bonus most of them got was almost double my salary.
@PitBulLover: That is terrible!
It really sucks that they are able to do that. I would be fighting that tooth and nail.
I supposedly got a raise on Jan. 1, but I haven't actually seen it in my paychecks yet. My boss says "it's coming." I hope so!
I got a bonus which was a huge surprise because I only started at this company the end of October. It made me feel SO good, though, because at my old company, I hadn't received a raise or a bonus in 3 years. My new job was already a 30% salary increase and then a bonus on top. SOOO glad I took this job!
I actually can't say if what I experienced is 'normal' or how it compares to previous years. I was hired in Nov of 09' so obviously didn't get a raise or bonus last year. This year I got what I consider a very decent raise and a small bonus. I know most other people in my group got nothing, but I"m sure some got more than I did. My boss had very little money to play around with unfortunately even though my company made record profits. I do appreciate what she allocated to me though, I out performed a lot of my peers, so I was really hoping for something. What she gave me was more than I was hoping for, so I'm happy ultimately.
I've always made the biggest salary jump by switching companies. The first time I switched I actually got more than a 50% increase in my base salary. I was sooo underpaid at my first job it was insulting. Then when I moved to my current company I got about a 20% increase which wasn't as big of a jump, but I was very happy with it. I feel as though my base salary is adequate for my experience and job function, so I guess that's all you can really hope for.
Yeah unfortunately my company just kind of sucks! They did it to me and 3 other women that started on the same day as me. Unfortunately there is nothing we can do about it.
@PitBulLover: You could change jobs before the next bonus period so you get to keep the money. 
I couldn't imagine having to repay a bonus. That's just ridiculous. You would think that since the company made the mistake, they would just suck it up and not ask for the money back.
I got a raise and a bonus but my bonus is only on the amount that i made here last year and since i started in Sept its not going to be that much but since i wasn't expecting one its a nice surprise. but i also gave myself a raise by taking this job in the first place so yay go me!
I work for a small accounting firm (like it's just him and me 'small'). Because of the economy he hasn't given me a raise in 2 1/2 years. I have gotten small bonuses throughout, though. Like $500 for Christmas and $500 at the end of tax season.
I am severely underpaid and I don't see any change to this in the near future so I'm beginning to look at other options. It sucks, cause he's a great boss, but I can't keep working and barely scrapping by when I know I deserve more.
@PitBulLover: A 1.3% "raise" is complete bulls***. And I can't believe they're making you and your co-workers pay for their mistake. That's just adding insult to injury. I'd be scanning monster.com were I you....
I received a very nice raise, and the usual bonus. Given the economy, I was surprised by the compensation adjustment.
Upstate, NY here. FI and I work for the same company and we both got raises this year. I didn’t get a bonus but he did. They rarely give bonuses to the whole company, it’s more department based (which is sucky). Atleast I still get to reap the benefits of his bonus but it would have been nice to get twice as much!
As far as the raise is concerned, we were both pretty much right on par with what we received 2+ years ago (our company didn’t give raises last year). It’s still nowhere near enough but I guess we should be happy we got anything at all.
Our company has not had standard increases since 2007, only increases associated with promotions. During 2009 we also went to reduced work hours of 32 hours a week. The did implement raises again but it was only 3%. The company thinks that the 3% was so generous but most of our employees sort fo see it as a slap in the face.
I personally received a promotion over the past two years so it helped me to increase my salary.
@teaadntoast: yup! I know. Believe me, it was like a big old F you! I have been keeping my eye out for other jobs but Ive only been with this company for one year and its already my 3rd job in my not even 3 years out of college. The only reason I would want to stay longer is to have more time under my belt and to take my time finding a really good fit job for me.
@KatNYC2011: well that was the yearly bonus they messed up on - we also get a quarterly bonus which is what the overpayment will be taken out of - meaning I would have to leave my company within the next month!
@PitBulLover: That's nice that you get a quarterly bonus at least! There is nothing of the sorty in my job. At least I've never gotten one! I've heard of 'spot' bonuses, some of my friends have gotten them for going above and beyond in their jobs, but only if they are literally the only person in the department. If a department has more than 1 employee on the same level spot bonuses disappear.
I like to check salary.com every so often to make sure I'm being paid adequately!! It sometimes brings me back down to earth when I'm having a tough day at work.
@moderndaisy: Salary.com just makes me sad. It confirms yet again I am underpaid by 20%. 
@KatNYC2011: It used to make me sad too, then I realized I was looking at the wrong job. It can get pretty specific wiht actual job function and experience so make sure you are looking at it correctly! And also I think the website has made modifications recently because I'm now in a higer percentile than I was about 6 months ago without taking my raise into account. I used to look at it and scratch my head, but now it makes sense. I mean I don't have a list of everyones salary in my group, but there is just no WAY that chart was accurate before.
@moderndaisy: Yeah, I know I'm underpaid though. My boss has confirmed it, the department head has confirmed it. They've confirmed everyone in my group is making at least 20% more than me even though I'm a very high performer.
There is just "nothing they can do about it" since I transferred internally and all HR sees is a large 1 year raise since my old job's salary range was half that of the new job.
@PitBulLover: Wow...yeah, that's a load of crap! Is there any way you're able to pay the bonus back without it being taken from your quarterly bonuses? I don't know which would be worse.
I work at a large company in Philly, and this was the first year I received a bonus. It wasn't directly related to my total compensation since I'm not normally bonus eligible, but it was due to a large project that was a total success. So I got a bonus because of it. I then got a 3% merit and an additional 3% promotion increase. But I got semi-screwed with that too. I was promoted to a position that I've held for the last 3 years. But since they didn't have a record that I was actually promoted to this position, I was promoted to the job I already had. So while the increase was great, my title didn't change and I'm still not bonus eligible. Grrr....
I got a bonus only. Our bonuses are based on the profit of the company for that year, your longevity, your billable hours ratio (all work that corresponds to a project/client is billed directly to that project), and your yearly evaluation.
I'm a civil engineer for a local consulting firm and we do a lot of work for the City (mainly water and wastewater infrastructure projects). Lets face it, people need water and they need to flush their toilets! ha ha We weren't affected by the market slow down, crash, whatever you wanna call it until now, that is. With all the recent budget cuts in the state, the City's water budget became smaller for the following year. We expect less project being awarded (they need to get done, but they'll just get moved back). The higher ups decided not to give raises to anyone this year for fear of what was going to happen next year. :( bummer...it's during the same time I'm crash saving for the wedding fund! he he
I got a small raise not even enough to cover the increase in cost of living, but I got the best bonus I ever got. My company was bought out two years ago and the reward system is completely different now. Before, performance was tied to raises and our bonuses came to pretty much nothing after taxes, and some years we didn't get one at all. Now the raises are insignificant, but the bonus is directly tied to your performance and I've been getting upto 15% of my base salary as a bonus last couple years.
@2PeasinaPod: I think Id rather it just come out of my bonus because if I paid it back then I would be seeing the money that I am about to be losing. If it is taken out of the bonus I can just pretend my bonus was small.
@PitBulLover: Yeah, I understand. It's either now or later anyway, so you might as well get it taken our across the rest of your bonuses since you already had the money. If it makes you feel any better, my increase this year amounted to the last 4 years combined for me! So I know how you feel on the 1.3% increase unfortunately. It's like, why bother?
BigLaw NYC here. Bonus and raises (our salary is generally public knowledge and has set increases for each year). Smaller bonus than in 2007 but who knows if we will ever get back there.
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