46
votes
Accepted
What exactly is a "bad," "standard," or "good" annual raise? If I am told a hard percentage and don't get it, should I look elsewhere?
TLDR: You will probably need to move to a different employer to get the raise you want/need/deserve.
Some employers, in the US, punish longevity through a number of practices. My wife worked as a ...
- 76.1k
15
votes
What exactly is a "bad," "standard," or "good" annual raise? If I am told a hard percentage and don't get it, should I look elsewhere?
Any such number would depend on the country, the market, and the economic situation - especially inflation ratio.
Generally, if you are not in a booming or a dying technology, getting a raise above ...
- 37.6k
9
votes
Is 50K Salary Jump Worth No 401K Benefit
Yes, the salary jump is clearly worth it. Although you will pay more taxes, the $45k salary increase is a much larger amount than the previous 401k match.
I strongly recommend that you do not try to ...
- 7,506
6
votes
What exactly is a "bad," "standard," or "good" annual raise? If I am told a hard percentage and don't get it, should I look elsewhere?
Keep in mind that unless you have a contract that says you get a certain amount of raise every year, the employer is not required to give you any raise.
The quality of a raise is too subjective for ...
- 2,855
4
votes
Which is more meaningful for individuals - inflation or cost of living adjustment?
The Consumer Price Index (CPI) is generally the the inflation number used in headlines. It's a rough estimation of the decrease of the value of a dollar related to certain consumer items. A cost of ...
- 49k
4
votes
Is 50K Salary Jump Worth No 401K Benefit
It's incredibly worth it for a further overwhelming reason:
Your "headline salary" is what advances your salary.
A couple years from now you'll be trying to move ahead to a new salary ...
- 13.8k
3
votes
My company is being acquired, pay?
I haven’t had a pay increase for 1.5 years, does this mean I am likely to get one ?
No, it doesn't. In many companies, the benefits packages are standardized. They don't want to deal with the ...
- 23.9k
3
votes
Is 50K Salary Jump Worth No 401K Benefit
Here are some factors to account for:
Negotiating with the new employer for a "real" retirement plan is unlikely to succeed since such a small organization would face a large administrative ...
- 29.4k
3
votes
What exactly is a "bad," "standard," or "good" annual raise? If I am told a hard percentage and don't get it, should I look elsewhere?
You are not actually entitled to any raise at all, unless you had something contractually (legally binding) which made that so.
I'm answering this from the UK, but it has been common practice for ...
- 31
2
votes
I got a raise from 50,000 to 65,000, and paycheck calculator says that I should take home $867
On $65000, you are in the 25% marginal federal bracket. Once exemption and standard deduction are considered, the federal bill is about $9500. That's about 15% overall. Another 7.65% for social ...
2
votes
What exactly is a "bad," "standard," or "good" annual raise? If I am told a hard percentage and don't get it, should I look elsewhere?
What makes a "standard" raise depends on how well the economy is doing, how well your particular industry is doing, and how well your employer is doing. All these things change constantly, so anyone ...
- 22k
1
vote
Accepted
If you make a certain amount of money, is inflation less of a factor when seeking a raise
If you aren't getting raises that at least cover inflation, you are effectively taking pay cuts over time. Whether your employer can afford to pay you enough to keep up with inflation (and hopefully ...
- 69.1k
1
vote
Paying Taxes on a Bonus Check
Can an employer just put $500 into my 401k to avoid taxes and the IRS
is OK with that?
The company I work for, and the company my spouse works for, put the profit sharing directly into the 401(k). It ...
- 136k
1
vote
Paying Taxes on a Bonus Check
Can an employer just put $500 into my 401k to avoid taxes and the IRS is OK with that?
You can typically designate a portion of bonuses and other irregular income to go to your 401(k), which is ...
- 131k
1
vote
Is 50K Salary Jump Worth No 401K Benefit
62.5% increase in salary vs 3% decrease in 401k...
Brother, sounds like you need to start doing for yourself on that one. Congratulations.
(To clarify: if you were to hypothetically "...
- 111
1
vote
What exactly is a "bad," "standard," or "good" annual raise? If I am told a hard percentage and don't get it, should I look elsewhere?
your question is based on a false premise. there is no "standard" for raises. some jobs in some years see huge raises. other years those same jobs may see average pay rates drop. if you want a ...
- 2,992
Only top scored, non community-wiki answers of a minimum length are eligible