How much pay raise do people get in a full time job?

[Anonymous]

Private sector. It's media unfortunately so the headwinds are strong. We've averaged between 3 and 3.5% as an organization over the past few years. Some people get more and some get less, depending on performance.

[Anonymous]

Anonymous wrote:I am an engineer working in IT. When I am a full time employee at any company, the max pay raise I get is 3-3.5%. I work my ass off, am always available to solve issues, work very hard so that nobody has any complaints against me. Yet, I get a miserable pay raise. This year I got 2.8%. I am really sick and tired of these pathetic raises especially when things are becoming so expensive around.
How are others in full time jobs doing? I am not asking about lawyers and doctors. I am asking about regular professionals.

Promotions generally give more. Otherwise, you have to move to another company to get a bigger pay bump.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do you get a bonus? I work in big tech and got 3% this year with a high performance rating. The only time I've gotten a large base increase was being promoted or if I was underpaid for my level and they "correct" you to the median sometimes.

Even in high paying jobs the base pay barely moves at all. It's all performance based bonuses. You could shop around for a different company that does pay for performance. This economy is really tough though.

This is OP. We have bonus but I don't like that system at all. Too much goes in taxes and if you don't finish the entire year at the company and quit, you get nothing for all the hard work you had put in.

Bonuses are taxed as ordinary income, there's no tax difference at the end of the year between a 30% bonus and a 30% higher base.

[Anonymous]

This thread is actually a relief to me. I work in a nonprofit sector, and usually get a 3% bump per year. Now I see that that's pretty decent.

[Anonymous]

My spouse gets no raise, hourly only, no pto, no health insurance, etc. does get retirement.

[Anonymous]

I’m a fed, my pay went up $23 a paycheck in January, only because I switched to a cheaper, high deductible health plan. Had I stayed with my health plan my raise would have been a pay cut.

[Anonymous]

3% per year here, plus a $10k bonus.

The way I look at raises is that they are basically negligible. I know that it compounds over time and affects your 401k match, but still...

$200,000 base salary 3% raise = $206,000
$200,000 base salary 8% raise = $216,000

Reduce that extra $10,000 by $3,000 to account for fed and state taxes.

Then divide the $7,000 remaining difference by 2,000 hours worked per year, and the difference equals a $3.50 per hour raise. Less than $30 per day.

Not exactly a huge triumph.

At best, raises keep you steady. Changing jobs or doing something on the side is the only way to make a real impact.

[Anonymous]

We don't do standard raises at my company. We all got around 10% for coming back into the office after a two month Covid pause in 2020. Since then, raises only for taking on a new title. Move up, move out or stagnate.

[Anonymous]

1-3 percent across the board. Nonprofit. No bonuses…except for the folks at the top who are already making 3x what I’m making…(150k) and I’m probably #15 on a staff of 200 so 10x what younger folks are making….

Just got a recruiter reach out for a job paying 375k. Unfortunately requires a a move to nyc so no go for us.

[Anonymous]

2-4% for standard increases, 8-10% for promotions.

[Anonymous]

Anonymous wrote:As a senior manager, I get a 2% raise. Of course the Directors, VPs and above get massive annual bonuses, but I get nothing. I would never recommend my employer, a growing government contractor owned by PE.

what contractor is this? I know a few more doing it but they are giving good raises to employees they like to keep.