Post # 1
This is totally unscientific, but I am just wondering what the ‘average’ raise and bonus is for people in corporate America. It’s such a hush-hush topic, but I figured since we are anonymous here maybe we can get a good idea of what others make!
If you feel comfortable sharing your annual salary, go ahead!
****DISCLAIMER**** I understand this varies greatly based on region, experience, industry, etc. This is totally unscientific. I am just interested in polling people on this site for my own curiosity.
Post # 3
Some background: Every year during my review, I am told what the ‘average’ raise was company wide then what specific raise/bonus I am getting. Years when I don’t get a bonus they are just totally silent so I have no idea who else got one or didn’t.
Post # 4
Ours is generally 1-3% annual merit increase but with the economy hitting bottom in 2008 we haven’t gotten merit increases in the past 2 years. The just reinstated bonus this last quarter. We normally get a $750 quarterly bonus and a $1400 end of year.
Post # 5
Raises can be anywhere from 3 to 5% depending on company, department, and individual performance. In addition, b/c I am in mgmt…my bonus is 20% of my base salary.
Post # 6
Does lawyer count as corporate america even though I work at a tiny firm? (just me and boss). I don’t have a very scientific way of answering because I’ve worked there just two years but here is what has happened for me. Note: I have no specified time to speak about raises or bonuses because it is such a small business… everything is left up to my boss. But, my offer letter does specify yearly bonuses of between 5-20% if financially feasible.
Sept 2, 2008- start work
December, 2008- get bonus equal to about 10% of my yearly income (even though I only worked 1/3 the year)
June 2009- get bonus equal to about 75% of my yearly income (although this was due to one huge case i settled, and I was told that this was absolutely NOT going to be normal for yearly bonuses)
December 2009- get a bonus equal to about 5% of my yearly income
January 2010- get a 7% raise on my base
No idea what my bonus will be this year! Anything between 5-75% I guess haha!
Post # 7
I’ve only been in the corporate world for a little over a year but for that one year my bonus was about 2% of my salary and my raise was just under 3%.
Post # 8
@CorgiTales:Yes, that counts of course! I guess I should have said “Corporate America or anyone who gets annual raises/bonus as a part of their job” But that would be too long!
I’ve always worked for really large companies and in my personal opinion I think it’s harder to get a higher raise because of budgets and politics. You have to be the highest performer in your team AND the most popular in order to get a decent raise. Of course I know some outliers, but in general this is my perception. I voted 3-5% because I’ve never gotten below a 3 or above a 5 as a raise at a company, but obviously huge increases when I moved to a competitor.
Post # 9
Raises between 2-4% each year, bonus approx 20% of base salary (but I work for a company in the service industry, when I worked for a retailer, my bonus was only around 5% of base salary). Company performance dictates how the bonus varies.
Post # 10
I work for a nonprofit and our raises are entirely merit based. The average is about 3%. We also get information about what the average raise is and what raise you are getting. However, thanks to the recession we’ve had no money for any raises for the past two years, and one year they actually took back some of the raise. This year it’s looking like we might get raises though and I am very excited.
Post # 11
@chelseamorning:That is exciting!! Good for you! And it sounds like they are pretty transparent, the worst is when you work for a public company and see how well they are performing overall and how well your group did then get a 2% raise. You know that $ is going somewhere, to whoever is taking credit for the work you did!
Post # 12
5% raise three yrs ago
No raise two years ago (Nobody got them at my company)
3% raise last month.
Post # 13
I work in risk management for a major mortgage firm who went bust and got acquired by the largest national bank in ’08 (probably not too hard to guess who those are). My current salary is 72% more than my starting salary in 2002. I got two promotions during my eight years here which got me about a 10% bump for each. The regular salary increases have mostly been about 3-4%. Following the merger, all salaries were frozen and noone got raises in ’09. We get performance based bonuses every year in addition to salary, those have ranged between $4K and $16K (before taxes) annually for me. The last one was a life saver as it paid for my wedding dresses.