I'm in Infrastructure/IT for a large multi-national financial institution. Last 3 years were 3% or 3.5% for merit increase. Incentive comp has been flat year-over-year. This applies to all level (entry-level through VP). Most of our peer group is the same.

I need to find these 10% raise companies...I might actually be able to retire some day.

 

payscale.com see wut u should be getting paid. work from there. if ur serious about making more money, be ready to walk.

i have worked for 2 years outta school. After the first year of my old job, i left for a 33% raise in salary because i found out how underpaid i was.

 

the richest folks in medicine are the CEOs of the insurance companies.

 

That why my insurance going up by 15% every year for the SAME corverage?

 

That why my insurance going up by 15% every year for the SAME corverage?

 

what do you do if you dont mind me asking

 

EDIT: I read the thread again, and looks like it was not the OP, but rather another poster that i was referring to.

Hey we're in the same industry. I do IT Integration work (online banking, CRM, middleware, light dev work, websvcs, etc etc) for a financial institution as well. Been out of school about 5 years. Depending on your experience, tech skills, certs, etc. I'd ask for 10-15% (to account for inflation).

 

I'm the IT Director for a large specialty practice. The part that pisses me off is that I'm stuck at the same maximum percentage raise as the people that answer the phones and work at the front desk. They treat management that have degrees the same as the people who don't have as much responsibility or skills. I'll move on in the next year or two. I'm getting good experience, but I know I could make a good bit more elsewhere.

 

All depends on....

1)How long you have been there.

2)When your last raise was.

3)Did you work unsually and abromally hard for the last decent period of time?

4)Are you easily substituted?

5)Do they absolutely need you and would be lost without you?

6)Do they like you?

Raises can vary for 5% to 30%.

 

With my main job, I am in a similiar situation (work for a large military defense contracting company), but I am paid pretty well. Either way, big companies blow when it comes to paying their people. They pay the executives top dollar, but low ball senior manager and engineers with the "benefits packages" for them to fall back on. I make much more money for my time by running my side business because I can charge real market value for my services.