Out here in Silicon Valley, the standard practice was to switch
companies, and you typically got a 25% to 33% bump to make the switch.
When you stayed with the same company, the bumps were smaller but more
frequent. I didn't give cost of living a single thought; mainly because
it was in the rear view mirror and receding.
Of course, the cost of housing stayed way ahead of inflation. My general
rule of thumb around here is that the cost of real estate was going to
double about every 10 years. My rule of thumb has been pretty accurate.
bp
<part15sbs{at}gmail{dot}com>
On 12/3/2021 1:34 PM, Steve Jones wrote:
So Ive never requested a raise in my 25ish years of working full time.
Ive always considered compensations and raises to have been fair with
some exceptions (as satisfied as you can be)
I got a substantial 32 percent increase when I went to salary in 2017,
never gave raises a great deal of thought since then. Boss did tell me
that all id do if he gave me more money was spend it, he was right.
any how, if a guy was strictly looking at inflation matching, where
would I find the actual value? is there a standard cost of living
calculator or is that employer/region specific?
I find a calculator that says the dollar in 2021 is 1.13 or 12.8% in 2017.
12.8% seems like a lot to ask for, but I guess split over the 4 years
thats only 3 percent annually.
I like my salary, mainly because its an exact amount with zeros and I
like numbers like that, it just doesnt buy the same loot it did and
12% would make it not zeros.
Anyhow, whats the acceptable rule of thumb for cost of living
increase? just that percent since last increase?
Aside from that I never really was big on demanding more pay annually
for doing the same job, but whats a rule of thumb for that? incentive
raises. Im not going to do any more for more money, so theres really
no net gain for the boss that I see. Ive never done the look for a
different job then negotiate to stay, I just go, so its not an issue
of negotiation. feels more like greed to me, i gues theres no shame in
being greedy
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