Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [raise]

13 questions
30
votes
7 answers

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?

Is there a percentage threshold for a hypothetical "bad," "standard," or "good" annual raise? I supposed a bad raise would be no raise at all and I hear a typical raise is around 3%, which barely keeps up with cost of living increases. I recently…
gwar9
  • 469
  • 1
  • 4
  • 8
13
votes
4 answers

How much is inflation?

I'm sure it's different every year (and may even differ by country?), but surely there must be a minimum increase salaried workers would have to earn in order to simply break-even, relative to the inflation rate?
Nat_Rea
  • 8,713
  • 4
  • 39
  • 68
13
votes
3 answers

How much would be a fair raise or salary increase to ask for at work?

I have not got a raise at work for some time - almost two years - and I think I am due. I did not ask during the crisis because other companies were laying off, etc. Mine didn't lay off, we actually came through OK. Anyway, how can I figure out what…
anonymous
10
votes
3 answers

Is it better to ask for a raise before a spin-off / merger or after?

I work for a company that was just bought (and merged) a little while ago, and now that parent company is planning to spin us off into our own company again. Since I'm not entirely sure of everything involved in a spin-off, should I wait until after…
Sivvy
  • 348
  • 2
  • 8
8
votes
2 answers

Working at same place 2 years & my colleagues got a salary increase but I didn't. Should I ask my boss why?

I have worked at a doctors practice for two years. Some of my collegues have made a year working in this practice, but they have increased their salary. I didn't get an increase when they did. What might be the cause of this? Should I ask my boss…
tshepiso
4
votes
1 answer

What to write in a salary negotiation letter?

Where I work we have a yearly opportunity to get a raise. The amount is always $100 extra a month, and only 25 of the 500 employees will get it. So I will be competing with managers, researchers, and other people with much higher rank and salaries…
Sandra Schlichting
  • 143
  • 3
4
votes
6 answers

Is 50K Salary Jump Worth No 401K Benefit

I currently make $75K and my employer offers a 3% match on my 401K. I have now been offered an exceptional job making $120K but there is no retirement plan offered. In CA by 2022 all employers will have to offer some sort of retirement plan or…
ady79
  • 41
  • 2
2
votes
1 answer

I got a raise from 50,000 to 65,000, and paycheck calculator says that I should take home $867

Hi I recently got a raise and wanted to calculate how much I would take home, and I get paid weekly. If my salary is 65000, I live in NYC, and my weekly paycheck is $867, that is more than 30% of my gross pay going in to taxes. Is that right? I am…
Caitlin
  • 21
  • 2
2
votes
1 answer

If you make a certain amount of money, is inflation less of a factor when seeking a raise

My background: I'm 32 Live in California (US) I make $25/hr I'm married (spouse brings in income as well) At my current job I have usually received good raises percentage wise (~8-10% each time), but my last raise was only ~4% increase (in January…
Josh Drentlaw
  • 23
  • 3
1
vote
2 answers

Which is more meaningful for individuals - inflation or cost of living adjustment?

I'm helping provide a neutral review of payscale changes at my office (as a non-financial person) and I'm not sure which metric to use when comparing pay raises to financial change. I understand the difference between COLA and inflation (or at least…
Brian R
  • 1,876
  • 15
  • 15
1
vote
2 answers

Paying Taxes on a Bonus Check

In this article, "How to Avoid Paying Taxes on a Bonus Check" it suggests the following: Strategies to manage the taxes you’ll have to pay on a bonus fall into two camps. First, you can reduce your gross income. Second, you can increase the…
Marinaio
  • 407
  • 4
  • 11
0
votes
4 answers

Everyone got a raise to them same amount, lost my higher pay than the newer employees

Long story short, I work in retail as a part-time employee. I have worked there over two years through college which limits my hours to weekends only during Spring/Fall semesters. I have never received a blemish on my employment record (no…
Bender
  • 17
  • 2
0
votes
3 answers

My company is being acquired, pay?

Recently, I was informed by my employer, our start up company is being acquired by a larger firm. I have been asked to exercise my shares, which I have. The only question I have is regarding pay increase and raises. I was told we will get new…
H44k
  • 1
  • 1
  • 1