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Post by twoboyzmom on May 5, 2016 13:35:54 GMT
General question...after a year at a position, is a 10% increase in salary a fair amount in your opinion?
If job matters...medical biller and fitter of compression garments.
Also...haven't asked but the amount they list would presumably be prior to taxes, correct?
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Post by AN on May 5, 2016 13:40:58 GMT
It seems higher than average unless you've taken on more responsibility, been super productive beyond what they were expecting, found some way to save the company money, got an additional certification, or came in below market rate when you started. There are so many variables, it is hard to say - but a raise just because you've been there a year, that would be high. Our company standard is 3% cost of living increase every year, and no standard "raises" - you have to go in and make the case for why your position deserves more (usually taking on additional responsibility) or negotiate a variable compensation portion (for example, if someone was managing a budget, if they could reduce that by $50K the next year, they might get a $5K bonus -- something like that).
If they've offered it or you got it already though, good for you! I'd make sure you check salary/hourly ranges for that job in your area. 10% could theoretically be low if they weren't paying competitively, the 10% is still under market value, and there are competitors in the area where you could go do the same job for higher pay. Or it could be a great increase if they were already paying market rate!
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Deleted
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Jun 2, 2024 9:00:48 GMT
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Post by Deleted on May 5, 2016 13:41:34 GMT
I agree with the above poster. I work in a union environment and the average wage increase is 4-5% a year.
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Post by Woobster on May 5, 2016 13:43:14 GMT
I agree that 10% seems well above average.
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basketdiva
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Post by basketdiva on May 5, 2016 13:43:30 GMT
Pay raises would be before taxes since an employer has no idea of an employee's W-4 deductions.
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Post by Merge on May 5, 2016 13:44:28 GMT
Given that my step increase last year was about one percent, I'd say ten percent is huge.
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Post by STBC on May 5, 2016 13:45:21 GMT
The amount of the raise will be the pre-tax amount. I agree with the other posters, a 10% increase in salary is high.
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Post by jeremysgirl on May 5, 2016 13:45:24 GMT
IMO, 10% is very generous raise.
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Post by twoboyzmom on May 5, 2016 13:47:02 GMT
Thanks all..I have taken on more responsibility and training to be able to go out to clinics, etc....
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Post by nicole2112 on May 5, 2016 13:50:10 GMT
10% is very high if a promotion isn't included. Good for you, that's great!
3% is kind of standard but even that isn't guaranteed especially in this day and age.
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Post by **GypsyGirl** on May 5, 2016 13:51:06 GMT
From experience, I'd say that was a very generous pay increase. Pay increases are part of your salary and therefore a pre-tax number. Is this a merit raise (vs a cost of living raise)?
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Post by twoboyzmom on May 5, 2016 13:55:25 GMT
From experience, I'd say that was a very generous pay increase. Pay increases are part of your salary and therefore a pre-tax number. Is this a merit raise (vs a cost of living raise)? Don't know what merit raise is? |
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Post by **GypsyGirl** on May 5, 2016 13:59:44 GMT
From experience, I'd say that was a very generous pay increase. Pay increases are part of your salary and therefore a pre-tax number. Is this a merit raise (vs a cost of living raise)? Don't know what merit raise is? A merit raise is based on your performance in that the better you perform or add value to the company the higher your raise will be. A cost of living raise/adjustment is just a flat amount typically given across the board. If you are lucky, a COLA will match the increase in inflation, though not always. |
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Deleted
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Post by Deleted on May 5, 2016 13:59:54 GMT
From experience, I'd say that was a very generous pay increase. Pay increases are part of your salary and therefore a pre-tax number. Is this a merit raise (vs a cost of living raise)? Don't know what merit raise is? A merit raise is based on performance. If you do a great job and get a raise for that, that's a merit increase. A cost of living raise is kind of a small, "standard" raise that is intended to keep the buying power of your salary more or less even from year to year. |
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Post by twoboyzmom on May 5, 2016 14:00:46 GMT
Don't know what merit raise is? A merit raise is based on your performance in that the better you perform or add value to the company the higher your raise will be. A cost of living raise/adjustment is just a flat amount typically given across the board. If you are lucky, a COLA will match the increase in inflation, though not always. Thanks. I believe they are based on performance and tasks taken on ...not everyone gets trained to travel to clinics, etc... |
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Post by papercrafteradvocate on May 5, 2016 14:44:33 GMT
Ha! It would seem like $1,000,000 to some! I haven't had a raise in 3 years and have watched my responsibilities grow!!!
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Deleted
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Post by Deleted on May 5, 2016 14:48:46 GMT
Were you hired on to train for the higher position? Was it expected that at some point when you were fully trained that your pay would increase? Has this been offered or are you asking them for it? Lot of variables...
10% is pretty high but depending on the original pay rate, it might not be too much (say you started at $8 and now are moving to $9....that is more than 10% but only $1 per hour). Now if you were making $20 an hour, then going to $22 an hour would be a large increase. So the $ amounts can matter too. Our standard is $8-$8.50 for our lowest level merit increase and that is more than 6%.
I agree with the others that 3-7% or so is more common and asking for 10% is pretty high. If you are on the lower scale, I would phrase the request as a $ amount, not a percent.
eta: plus as papercrafteradvocate just pointed out, many people have increased responsibilities and no extra raises pay -- part might depend on how the company is doing and whether they can afford any raises. And that is hard to know unless you actually get to see the profit&loss/balance sheet statements. While some say the economy is doing good, I tend to look at what raises employees are getting across the board to see if that is true. Especially in smaller companies.
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Post by twoboyzmom on May 5, 2016 14:53:47 GMT
I knew going on there would be more responsibilities as time went on, and everyone gets an annual review with an increase, more PTO, etc...my review statement was nice to read, knowing how appreciated I am...
It's salary based, and in doing the math equals out to about $3000 more a year pre taxes.
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Post by blondiec47 on May 5, 2016 15:57:28 GMT
I would be dancing on the ceiling if i got a 10% raise. Most years it is in the 3% category
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calgal08
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Post by calgal08 on May 5, 2016 16:08:58 GMT
10% year after year is HUGE. I don't know a single person who's had that.
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Post by PepsiGal on May 5, 2016 16:12:51 GMT
My last employer was 3% or less each year....it was very discouraging at times....especially when you took on more responsibilities each year. My pea name lets you know who my last employer was four years ago. I was laid off and now the whole department is gone and the plant is relocating elsewhere in Louisiana.
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melissa
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Post by melissa on May 5, 2016 16:58:46 GMT
10% seems high to me unless there are extenuating circumstances such as needing so much training in year 1 and now working independently so that the trainer can accomplish more work that brings in more income. If that's what you were given, congratulations! I would think it would be very hard for a business to sustain those sorts of wage increases.
Frankly, I cannot tell you the last time I had a "cost of living" or annual wage increase of any sort. Definitely more than 15 yrs. I've been at my current position for 11 or 12 years. I am making exactly what I made when I started in salary.
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Deleted
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Post by Deleted on May 5, 2016 17:04:41 GMT
Consider yourself lucky.
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Post by twoboyzmom on May 5, 2016 17:20:46 GMT
More like blessed and fortunate, and appreciative that they notice my hard work. |
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Post by pierkiss on May 5, 2016 17:47:03 GMT
That seems kind of high to me for only a year. Unless significant changes have been made to your duties or caseload, I can't imagine management going for it.
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Post by twoboyzmom on May 5, 2016 17:48:20 GMT
That seems kind of high to me for only a year. Unless significant changes have been made to your duties or caseload, I can't imagine management going for it. Management is who offered and approved it, it wasn't something I ask for |
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Post by pierkiss on May 5, 2016 17:52:45 GMT
That seems kind of high to me for only a year. Unless significant changes have been made to your duties or caseload, I can't imagine management going for it. Management is who offered and approved it, it wasn't something I ask for Well congrats then!  they must really value you there! That's awesome. |
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Post by twoboyzmom on May 5, 2016 17:53:56 GMT
Management is who offered and approved it, it wasn't something I ask for Well congrats then! they must really value you there! That's awesome. Thank you, I was shocked to be honest! Lol |
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Post by iamkristinl16 on May 5, 2016 17:56:03 GMT
I generally work for non-profit agencies but have never worked somewhere that had pay increases higher than 3%. Generally it is even lower than that.
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Post by anniefb on May 5, 2016 18:04:48 GMT
Ha I'd be ecstatic if I got 10%! We have a range depending on years of practice ( I'm in a law firm) and most of our increases the last few years have been cost of living only - so about 2%. I did get a 10% bonus last year for meeting certain budget requirements, but of course that's just a one off.
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they must really value you there! That's awesome. 
