Expected Salary Increase?
Expected Salary Increase?
(OP)
I was wondering if anyone out there can lend me a little advice. I was recently promoted to a level 2 engineer but I feel the raise was less then deserved. I have been with my company for 2 years now and when I got my promotion, I was told that the raise also included my merit raise.
Long story short, I ended up with a total 9% raise. My merit raise last year was 2% - is this inline with the current trends?
I have talked with people from other companies (also other fields) and they typically receive a 10% raise for a promotion.
Any adivce is greatly appreciated!
Long story short, I ended up with a total 9% raise. My merit raise last year was 2% - is this inline with the current trends?
I have talked with people from other companies (also other fields) and they typically receive a 10% raise for a promotion.
Any adivce is greatly appreciated!





RE: Expected Salary Increase?
Seems like you're right in the ballpark. Every industry is different.
--Scott
http://wertel.eng.pro
RE: Expected Salary Increase?
You get a COL increase AND a merit increase?
Is that correct?
RE: Expected Salary Increase?
COL is typically around 2%, merit is typically around 2%. I can budget on getting about a 4% raise per year.
COL has been as low as 1%, and merit can be as high as 4%. Maximum total raise can't exceed 5.5% - which no one ever gets anyway.
--Scott
http://wertel.eng.pro
RE: Expected Salary Increase?
Is that enough of an incentive for you to change jobs?
TTFN
RE: Expected Salary Increase?
For a promotion its somewhere between 5 - 10%.
So if you got 9% percent then thats about average.
Congratulations on your promotion.
RE: Expected Salary Increase?
Chris
SolidWorks 06 5.1/PDMWorks 06
AutoCAD 06
ctopher's home (updated 02-10-07)
RE: Expected Salary Increase?
That said I got about 19% raise at around 21 months but I'd gone from being a new graduate to being project manager for a major program. Plus the guy that hired me left around the same time and I think they half expected me to follow which in a department of less than 10 at the time would have been a big hit.
The raise I'd had about 6 months before when I was allowed to drop the 'Junior' from my title was around 6%.
This year at my current place I'll be lucky to get a raise (I don't think they have separate COLA & Merit) that even matches inflation, let alone anywhere near 10%.
RE: Expected Salary Increase?
9% seems OK to me.
RE: Expected Salary Increase?
RE: Expected Salary Increase?
THAT's why the increases are all so similar.
TTFN
RE: Expected Salary Increase?
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RE: Expected Salary Increase?
Fact is, there are always opposing considerations:
- bid low and run a low or negative profit
- bid high and risk not getting the work
- offer small salary increases and risk losing good employees,
- offer high salary increases and risk not getting new work and have to lay off good employees.
RE: Expected Salary Increase?
Maui
RE: Expected Salary Increase?
Is that legal for HR's to have a roundtable? is that what they call it? a roundtable?
That's price fixing in my book.
RE: Expected Salary Increase?
Is a shirt from Abercrombie worth more than one from Kmart? Not if the one from Kmart fits me better and is just as well made.
Will I pay more for the Abercrombie shirt if I can get the Kmart one for less? Probably not (unless I'm under 18, which I'm not...)
Will your boss pay you more if he knows you'll stay at what he's paying you? Nope... I've surprised a couple of bosses in my life who thought I wouldn't quit and move to something better. Their response, in both cases was, "you were due for a raise soon..."
RE: Expected Salary Increase?
Hello,
Good day, here is an article I just read:
http://biz.yahoo.com/weekend/lemon_1.html
It's a bit too optimistic, but I like the advice:
"Why don't you ask the boss exactly what you need to accomplish here to get that promotion and then establish a schedule to do those things?"
cheers,
RE: Expected Salary Increase?
While negotiations this year are only just starting I'm pretty sure I'm going to fall into that very category.
RE: Expected Salary Increase?
Good point Kenat, there are many factors to consider.
RE: Expected Salary Increase?
But then at least your boss knows that you're itching for a raise. Like michfan, who's surprised two former bosses, most engineers don't give much indication that they're upset and ready to leave.
Lets face it. Most engineering managers were once engineers. You can't expect them to pick up on subtle social cues. You need to find a non-confrontational way to say "Give me more money!" Finding ways to improve your value to the company is something that a manager will have a hard time arguing with.
-b
RE: Expected Salary Increase?
RE: Expected Salary Increase?
Expecting your boss to promote you when you've given no indication that you want/need a higher salary is silly. Their job is easiest when things change the least. If you seem like your not leaving, then they won't change anything. Why should they fight their boss to get you more money if you yourself don't seem to care.
If you start (politely) agitating for a raise, and they think your worth keeping around, then something might happen. Of course it might not happen, and that's when you need to leave.
-b
RE: Expected Salary Increase?
I've had verbal assurance (which I took as being worth the paper they were written on
Just before Christmas we had layoffs.
We now have a new HR department and sounds like payraises, if any, are going to be based on 'industry standard' for our positions. Given that depending how you look at it I could be considered near the top of the pay scale for my experience etc, I don't see a significant pay rise if any in my immediate future.
Effectively my employer 'moved the goal posts' as we used to say in the UK.
RE: Expected Salary Increase?
Having a new HR dept. means that the monies that may have been around for pay rises will now more than likely have been used up to eastablish a new dept. Just watch how the new HR people's salaries are adjusted in the coming years and ask yourself where has the value been added to your company by having them around. HR is a dept. that can create sand in a desert
Kevin Hammond
Mechanical Design Engineer
Derbyshire, UK
RE: Expected Salary Increase?
Our local HR dept is 3 people. I started here as contractor about 18 months ago at about the same time as the new HR director.
All 3 of them were gone by the end of last summer. All 3 weren't replaced till just before Christmas and already one has been fired.
Can't help thinking that rate of turnover should be telling me something!
Still I shouldn't complain, I'm better off than one guy in my group. As part of going from contract/temporary we were actually meant to get a pay raise as our group had done so well etc. This one guy they screwed up the calculations but only realized after it had been signed off by corporate. When he pointed out he was actually getting about the same (think it may have been a slight cut) he was basically told tuff, take it or leave it, this despite our direct boss trying to make a big deal of it.
The points I was trying to make were that:
A. Decisions on pay increases are often made several layers above your manager or even by other departments with little input from your manager, despite the 'evaluation' process.
B. Change in staff at those levels (or your manager) can easily negate any agreement or understanding you had (I know verbal contract isn't worth the paper etc)
C. Other change in business circumstances, such as a slow down in your market etc, can likewise change or negate any understanding/agreement.