Typical raise

[durron597]

So we just got evaluations in (they occur every November in my company) and my raise was 5.45%. I work a typical 9-5 computer related job in an office. My boss basically called me in and gave me a number, I said thank you and left.

1) I thought about asking if this number was standard or performance based but decided I didn't really want to go there.

2) Where is a 5.45% raise in the relative scheme of things? Did I get shafted, or is this very good?

3) My company used to give options but they don't anymore for tax reasons. At the last company meeting they said they were discussing other things like bonuses, etc. Was this the meeting where I would find out if I was getting anything, in a typical company?

Sorry for the noobish questions but I'm only 22 and this is my first post-college real job.

Edit: I should also add that I only started working here in February.

[wh1t3bread]

In the IT field a 3-7% raise at a mid-size company is pretty typical at least in my area (DC Metro).

I work for a union and all I can say is that 5.45%, while not being ridiculously high is a fair bit higher than the average I see of about 2-3%.

I'd say you did pretty good.

[asofel]

I think mine was 5.3 last year....doesn't seem to add much in the end, huh.....

[samjjones]

I had averaged 7-10% my first 8 years with the company. I did not get a raise when my review came last Sept. I am thinking about new employment opportunities now.

[IndieMatty]

Average. My first few years at my company, I got 20%, but it has leveled off into the norm 4-7% range.

[swede123]

It hasn't exactly been a great five or so years as far as overall economy goes. I know many companies are cutting back on benefits, bonuses, and freezing or even reducing salaries. Based on this any raise is better than nothing.

Of course there are variables beyond what I mentioned above. Company performance, performance of your particular division or department, your own individual performance and how much the company/boss feels you are essential to the job getting done are all factors that play into this.

Personally I've been at my job for five years, doing consulting work in the telecom industry for a smaller firm. The first several years I didn't get much love, mostly smaller 5% raises annually. This was mostly based on my lower than expected performance levels (we are held accountable by our billable hours mostly), so I didn't have much room to complain. In the last three or so years I've been more involved and carried a heavier load and as a result they've been giving me several raises in the same year, usually about 8-10% twice a year.

Swede

[BoogerFace]

That's a hell of a raise considering that you've only been there 6ish months.

[durron597]

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That's a hell of a raise considering that you've only been there 9.5ish months.

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FYP

[wh1t3bread]

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That's a hell of a raise considering that you've only been there 9.5ish months.

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FYP

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Actually good point. Your raise may actually have been "higher" and was prorated.