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Raises for those of us still employed?
Posted on 2/19/09 at 9:14 pm
Posted on 2/19/09 at 9:14 pm
My boss said today the average raise for his direct reports will be 3% this year. It was 4% last year.
Everyone is supposed to find out theirs in March and it will take effect in April.
All things considered I'd be happy with 3%. What are you seeing for the non-automotive, home building, banking and finance industries.
Everyone is supposed to find out theirs in March and it will take effect in April.
All things considered I'd be happy with 3%. What are you seeing for the non-automotive, home building, banking and finance industries.
Posted on 2/19/09 at 9:17 pm to Cash
quote:My wife works for an insurance company (on the legal side) and was told that they weren't getting raises this year. They may be eligible for a small one time bonus.
All things considered I'd be happy with 3%. What are you seeing for the non-automotive, home building, banking and finance industries
I work for a federal govt contractor, and I have heard that we aren't getting raises this year. However, that is not confirmed.
Posted on 2/19/09 at 9:21 pm to ehidal1
don't expect one this year. Will be happy if I do.
Posted on 2/19/09 at 11:03 pm to Cash
My wife is in pharma sales and just got a 3.9% bump.
Posted on 2/19/09 at 11:05 pm to Cash
I gave myself a pretty good raise this year.
Yeah, I know . . . I'm an a-hole.
Yeah, I know . . . I'm an a-hole.
Posted on 2/19/09 at 11:07 pm to TigerDeacon
quote:
Yeah, I know . . . I'm an a-hole.
Well you did deserve that truck.
Posted on 2/20/09 at 12:13 am to Cash
My 25% raise is on hold through Q1 at least. They'll determine it quarter by quarter. So it could be as soon as a month from now, 3 months from now, or hell it could be never.
Posted on 2/20/09 at 7:40 am to Cash
No raises this year, usually 5%
Posted on 2/20/09 at 7:52 am to Cash
No raises for professors at the local college. Several without tenure will be let go.
I am going to have a banner year this year doing engineering consulting but these are big projects that have been in the pipeline for a while. The cost of engineering is very small when compared to buying the equipment and installing it and that part may not happen.
I am going to have a banner year this year doing engineering consulting but these are big projects that have been in the pipeline for a while. The cost of engineering is very small when compared to buying the equipment and installing it and that part may not happen.
Posted on 2/20/09 at 8:02 am to Cash
I've decided to give myself a 10% raise this year.
Posted on 2/20/09 at 8:04 am to Cash
This isn't exactly raises, it's salary for fresh grads, but the decrease in IT corresponds with a 2% or so decrease I saw in a January IT salary report, so it probably is reflective of raises in general.
LINK
quote:
The overall average salary offer made to 2009 bachelor’s degree graduates is $49,353—nearly identical to the 2008 average of $49,300. The Winter 2009 issue of NACE’s Salary Survey shows that the stagnation is even evident when looking at individual majors in the disciplines.
“In many cases, salary offers for individual majors that were on the rise just a year ago are now hovering at or near last year’s levels,” says Marilyn Mackes, NACE executive director.
For business majors as a group, average salary offers have increased compared to last year’s report, but only by 2.6 percent. Within the business category, many of the individual business disciplines saw small increases.
For example, the offer to accounting majors rose by 1.9 percent. Their average starting salary offer stands at $48,334. Similarly, grads earning finance degrees saw their average offer increase 2 percent, bringing it to $49,794.
Business administration/management graduates realized a more generous increase: Their average offer rose 4.7 percent to $45,887. Conversely, marketing graduates saw their average offer slip by 0.3 percent, from $43,459 to $43,334. Of greater significance: Just one year ago, marketing grads saw a sizable increase of 5.2 percent from 2007.
As a group, graduates in the computer science disciplines also saw a decrease; their average salary offer fell 1.4 percent from $56,920 to $56,128. (Last year at this time, their average offer was a 7.9 percent gain over the previous year.) Despite the drop in their offer, employers say these grads are in demand. Consequently, the drop may suggest that current economic conditions make it difficult for employers to raise offers.
Due to relatively low supply, engineering graduates generally are in demand regardless of the economy. However, this report shows that even these grads are not impervious to the current economic climate. As a group, engineering grads saw their average starting salary offer rise 2.2 percent to $58,525. But last year at this time, this group earned a 5.7 percent increase.
Despite the demand, most of the engineering disciplines earned much lower increases than those they earned a year ago. For example, the offer to chemical engineering grads rose 2.7 percent to $65,466. Last year at this time, their average offer was up more than 6 percent over 2007. Civil engineering graduates also posted a 2.7 increase (vs. 4.8 percent last year); their average offer rose to $50,785. Average salary offers to electrical engineering graduates increased by 1.6 percent (vs. 3.5 percent last year) to $57,404. Again, it is important to note that despite the tepid increase, electrical engineering grads are in demand, according to respondents to NACE Job Outlook 2009. Mechanical engineering graduates saw one of the higher increases; their average salary offer rose 3.9 percent to $58,648.
Average salary offers to liberal arts graduates remain virtually unchanged. The overall average starting salary offer to Class of 2008 liberal arts grads was $36,715 and the current average of $36,445 represents a decrease of less than 1 percent. As is typically the case at this time of year, data for the individual liberal arts disciplines are too limited to allow for closer examination. However, NACE will continue to monitor the average salary offers for these graduates in upcoming Salary Survey issues.
LINK
Posted on 2/20/09 at 8:45 am to TigerinATL
Our normal bonus of $5000 has been eliminated. Not sure of the raise yet, but it was always shitty to begin with.
Posted on 2/20/09 at 8:47 am to uscpuke
quote:
Our normal bonus of $5000 has been eliminated.
Our q4 of '08 bonus, paid in March, is supposed to be better than our '07 bonus.
Posted on 2/20/09 at 8:54 am to Cash
quote:
Our q4 of '08 bonus, paid in March, is supposed to be better than our '07 bonus.
Did you threaten them with the techno viking?
I wonder if business uses this as an excuse to cut pay. I guess I would really believe it if our CEO bonus was eliminated as well.
Posted on 2/20/09 at 8:57 am to uscpuke
our raises deferred until May from Feb..and average is 2.5% across th board down from 5% before.
Posted on 2/20/09 at 9:02 am to uscpuke
Techno Viking hasn't been seen since frickparade. He's like Bin Laden or the money people invested in Stanford CD's.
Posted on 2/20/09 at 9:22 am to Cash
4% is norm, but I'm hearing no raise this year. Work for the state
Posted on 2/20/09 at 9:23 am to jmtigers
quote:
I'm hearing no raise this year.
I was fully prepared for this to be the case. Was very surprised when my boss through out the 3% number.
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