I have been working for this company for a year now. There is a review coming up. How much % raise should I expect? I am an engineer by profession by the way. I think i have a done a pretty good job and exceeded expectations in this one year I have been with the company. Thanks in advance to everyone who answers.
depends on three key factors. first how are you doing (presuming this is not a union shop), second how is the company doing and specifically how key is your role as an engineer in the company, and third depending on the economy of the country you are in.
this will range from 0-8%. if you’re performance is excellent and the company values engineering it should be on the high end, you may be eligible for a promotion as well. if you don’t get one you feel is deserved work with your manager, maybe nothing they can do now but it will plant the seed.
February 20th, 2010 at 12:15 am
2 – 3%
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February 20th, 2010 at 12:47 am
It’s not that simple, unfortunately.
It depends a lot on your company’s performance and what their prospects are for this year. If their performance is good and the outlook is bright, then raises are better. If it is the opposite, raises are worse.
It also depends at what point on the wage scale you have been hired, meaning did you come cheap or did you come expensive? If you came in cheap, it may be easier to get a bigger raise. If you came in expensive, the opposite.
Finally, it also depends on where you are at your own level in your company, and how your salary positions itself there. Most companies have some kind of grid where titles and salaries are positioned. If you are at a certain level and are near the top pay scale in that level, your raise will be smaller. The only way to get a bigger raise would be to get promoted to the next level. On the other hand, if you are at the bottom of the pay scale for your level, your raise can be bigger.
Finally, it also depends on your company. Bigger companies tend to give smaller raises, since usually their benefits packages tend to be better. Smaller companies often spend less in benefits, so they try and make up with it in salary. Bigger companies are often more stable than smaller companies, which gives an air of security that some people like (though this is not always the case).
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February 20th, 2010 at 1:20 am
depends on three key factors. first how are you doing (presuming this is not a union shop), second how is the company doing and specifically how key is your role as an engineer in the company, and third depending on the economy of the country you are in.
this will range from 0-8%. if you’re performance is excellent and the company values engineering it should be on the high end, you may be eligible for a promotion as well. if you don’t get one you feel is deserved work with your manager, maybe nothing they can do now but it will plant the seed.
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February 20th, 2010 at 1:37 am
3% is the rate for inflation, so if you get less than that you haven’t really gotten a raise (you’re actually being paid less than what you started out). Who knows what the real inflation rate is now? At least 5%? You say you are excellent so maybe you should ask for a 10% raise. If you are expecting to get a raise automatically, then you may be in for a surprise. These days you have to actually ask your boss or "negotiate" for a raise.
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