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Reply to "How much pay raise do people get in a full time job? "
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[quote=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.[/quote]
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