Finally got a raise today

[MrDudeMan]

Originally posted by: ggnl
I turned down a 33% raise to go to grad school instead.

Unless the 33% raise was something like $8/hr to $10.64/hr then you are an idiot.

 

[thepd7]

Originally posted by: BigJelly
0% raise

I got the highest rating the company has and in addition to my normal job requirements (which I exceeded) I: trained 3 people while working with very dangerous material that has to be handled in an inert atmosphere (not fun to do when training people--really slows you down) and completed 3 process improvements that saved the company tens of thousands (and will continue to save them more every year) and another improvement, that was a one time thing, that saved the company a couple of hundred thousand.

I'm still busy as hell at work. Ohh yeah and I'm salaried so OT stands for Own Time; natually, I've stopped working extra hours since I was informed my hardwork doesn't get rewarded.

Basically, I've decieded to start looking for a job at a company that actually rewards hardwork instead of one that takes advantage of it.

FYI my company is still profitable and expects to grow at 1-3% assuming the worldwide economy continue to deteriorate at the current rate. In fact, the earns per share last quarter were 6.2% higher than the same quarter last year.

But OP congrats on your raise, you're one of the few; however, your actually annual raise is closer to 2.662%--remember it compounds and 1.02662^3 = 1.082. Not to be too anal but it adds (compounds) up the younger you are as IHateMyJob2004 stated.

After reading my post, it looks like I should change my ATOT name to IHateMyJob2009

sucks to be at a company that is using this economic time to reward employees less, however it sucks more to be at a company taking pay-cuts.

Good luck with the job hunt, you will need it.

 

[Rumpltzer]

Here's a little calculator so you can figure out how much your annual raise has lagged/exceeeded inflation: Link

 

[Engineer]

Originally posted by: Engineer

Originally posted by: oldsmoboat

Originally posted by: Scouzer
I'm at 5.5% raise this year

I got a 9.24% reduction.

I hear you. I had a 5% reduction last year and then zero raises this year. I suspect that I'll get zero raise again next year, assuming my plant survives the downsizings...*sigh*.

Well, now it's time to start talking to the head hunters as I took what is essentially another 8% pay cut today. Have to take a week off with no pay every 6 weeks (around 16% of pay - unemployement (approx 50% of the 16% above) = approx. 8% of net pay lost). So couple 5% pay cut with 100% overtime cut (still working that shit) and now an effective pay cut of 8% = time to start looking around. Hard to want to leave as it's been a very good place overall to work...but the pay cuts are starting to get to me.

 

[oddyager]

No raises this year. Still have a job though and wasn't given a pay cut so I should be thankful...

 

[ggnl]

Originally posted by: MrDudeMan

Originally posted by: ggnl
I turned down a 33% raise to go to grad school instead.

Unless the 33% raise was something like $8/hr to $10.64/hr then you are an idiot.

51k to 68k, but I would have to relocate, which I don't want to do.

I'd been planning on going back to school for a long time and this was my employer's offer to keep me on board.

 

[Casawi]

I could use another raise. Awesome dude.

 

[Goosemaster]

Originally posted by: zephyrprime
-100% for me. Laid off. Sucks.