cost of living adjustment

[Falloutboy]

Just had my yearly review, another near perfect one, and another crappy raise of 2%. My boss was just the messenger of course and he encouraged me to write a letter to send up the chain of command.

Anyone know where I can find the cost of living increases over the past few years? Tried googling and can't seem to find anything.

 

[rh71]

oh please, you're lucky to get a raise. 2% I would love just for them to show me I'm at least somewhat appreciated - all I get are thank yous and good reviews which piss me off even more. Cost of living adjustment? We have employees all over the world and I'm in NY. They couldn't give 2 shits.

EDIT> I'm just a little bitter.

Let me piggyback on your question. About how much % raise from the starting salary should one expect after 5, 10, 15 years at the same company assuming a promotion?

 

[Wyndru]

You got a raise and have a job. Be happy.

I've been laid off due to downsizing and budget cuts in the last 3 jobs I've had. I'm the only one not bitching at my current job about the pay freezes.

 

[KB]

My company loosely bases it on the CPI http://www.bls.gov/cpi/

By loosely, I mean if its low, the CFO uses the CPI, if its high he will find some other low number to base it on.

 

[MaxPayne63]

Just had my yearly review, another near perfect one, and another crappy raise of 2%. My boss was just the messenger of course and he encouraged me to write a letter to send up the chain of command.

Anyone know where I can find the cost of living increases over the past few years? Tried googling and can't seem to find anything.

2012 inflation was goalseeked to about 2% by the BLS, so as long as you don't need to buy food or energy or healthcare the 2% COLA was correct.

 

[Printer Bandit]

does cost of living ever go down?

 

[Falloutboy]

I'm not bitching. But I hired in at a low rate because they promised Merritt and cost of living raises. Perfect reviews over 3 years and a combined total of a 5.5% raise. And my workload and resposiblity has dramatically changed.

And the CPI index was exactly what I needed. Based on that I can show I should be at 7% over the past few.years on cost of living alone

 

[gevorg]

the best raise you can get is a new job

 

[PenguinPower]

2012 inflation was goalseeked to about 2% by the BLS, so as long as you don't need to buy food or energy or healthcare the 2% COLA was correct.

2.1% and it includes food and energy.

 

[PenguinPower]

does cost of living ever go down?

Yes, but rarely. I think it went down in 2009.

 

[NikolaeVarius]

You want a cost of living adjustment tagged to the CPI according to who? Communist Canada??

 

[Falloutboy]

the best raise you can get is a new job

I've started looking around a bit. I don't hate my job though. And not sure if its worth the risk moving from a very secure job to an unknown situation. Just kinda want to see if I can get a bit closer to what I'm worth. Starting a family soon and may need to live on my income alone for awhile

 

[Falloutboy]

oh please, you're lucky to get a raise. 2% I would love just for them to show me I'm at least somewhat appreciated - all I get are thank yous and good reviews which piss me off even more. Cost of living adjustment? We have employees all over the world and I'm in NY. They couldn't give 2 shits.

EDIT> I'm just a little bitter.

Let me piggyback on your question. About how much % raise from the starting salary should one expect after 5, 10, 15 years at the same company assuming a promotion?

Well over the last 10 years 32% according to cpi

 

[PingSpike]

The CPI is horseshit anyway so it kind of doesn't matter. You'll likely have to leave your job for another one in this situation if you want more money because it sounds like you've already done can on you end short of leaving.

 

[SpatiallyAware]

I'm not bitching. But I hired in at a low rate because they promised Merritt and cost of living raises. Perfect reviews over 3 years and a combined total of a 5.5% raise. And my workload and resposiblity has dramatically changed.

And the CPI index was exactly what I needed. Based on that I can show I should be at 7% over the past few.years on cost of living alone

You are obviously already extremely bitter and jaded, I suggest you find another job.

FYI, in this economy 5.5% over 3 years is fantastic.


I would literally laugh at you if you brought me some official cost of living index report showing 7% trying to justify a 7% raise.

 

[Falloutboy]

You are obviously already extremely bitter and jaded, I suggest you find another job.

FYI, in this economy 5.5% over 3 years is fantastic.


I would literally laugh at you if you brought me some official cost of living index report showing 7% trying to justify a 7% raise.

I'm more shooting for 2-5% over where I'm at now, and letting them know I'm open to any new opportunities to justify the raise. The cost of living metric was just one metric I was going to include. There are several metrics where I can show I made the company quite of bit of revenue, that is from me basically being bored at my current position and just coming up with my own projects to keep me challenged

 

[SSSnail]

Maybe I shouldn't bitch too much about the 4% raise and a bonus.

 

[Born2bwire]

To tell the truth, as a strict cost of living adjustment, 2% is about right in regards to the US average. There could of course be regional variations but inflation lately has been rather low.

 

[SpatiallyAware]

I'm more shooting for 2-5% over where I'm at now, and letting them know I'm open to any new opportunities to justify the raise. The cost of living metric was just one metric I was going to include. There are several metrics where I can show I made the company quite of bit of revenue, that is from me basically being bored at my current position and just coming up with my own projects to keep me challenged

The issue is that if you're already so jaded with a 5.5% raise that an extra 2-5% is not going to make any appreciable long-term difference.

You are not going to magically get a 10% pay bump with the way your org functions.

Your company sounds large enough to where you have to "write a letter" to get through to management, IE there's no way your immediate supervisor can fix this, and no one above them will care enough to do a damn thing since they don't have to deal with you.



I'm telling you because I can gleam a LOT from what you posted thus far, you should find another job if you are not happy with your current pay. In my opinion you should start looking now before you're even more burned out.

 

[Svnla]

I am with rh71. Our company did not give out any raise for the last few years for anyone (from top to bottom). At least none of us got canned so it was not too bad.

Be happy that you have a decent paying job in this economy.

If you want more pay, time to dust up the resume.

 

[DisgruntledVirus]

Well for first 6 months at this job I've gotten to just a hair under 16% in raises over 2 raises. The real question is if that trend will continue.

 

[Falloutboy]

The issue is that if you're already so jaded with a 5.5% raise that an extra 2-5% is not going to make any appreciable long-term difference.

You are not going to magically get a 10% pay bump with the way your org functions.

Your company sounds large enough to where you have to "write a letter" to get through to management, IE there's no way your immediate supervisor can fix this, and no one above them will care enough to do a damn thing since they don't have to deal with you.



I'm telling you because I can gleam a LOT from what you posted thus far, you should find another job if you are not happy with your current pay. In my opinion you should start looking now before you're even more burned out.

I agree prolly not going anywhere. Company isn't huge, but big enough. My boss answers to the VP of operations who would have enough pull to get something happening. And he likes me, and frankly in work with him more than my immediate supervisor since I manger one of his "baby's" (account he originally acquired). Basically I've kept my head down on the pay issue and just going the route of asking for more work and responsibility without bringing money into things, so just want bring the topic up. See if there is any wiggle room

 

[pontifex]

oh please, you're lucky to get a raise. 2% I would love just for them to show me I'm at least somewhat appreciated - all I get are thank yous and good reviews which piss me off even more. Cost of living adjustment? We have employees all over the world and I'm in NY. They couldn't give 2 shits.

EDIT> I'm just a little bitter.

Let me piggyback on your question. About how much % raise from the starting salary should one expect after 5, 10, 15 years at the same company assuming a promotion?

this...lucky you even get a cost of living raise...i don't even get that.

 

[Midwayman]

the best raise you can get is a new job

Truth. Unless you have a major title change you never get significant raises staying at the same company. Even then you get less than you would if you transferred to another company with the new title.

 

[jupiter57]

Be happy that you have a job in this economy.

ftfy