Raises every year?!

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Forum -> Household Management -> Finances

Raises every year?!

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amother

Thu, Aug 01 2024, 5:39 am

Is it the norm to get a salary raise every year?

amother

DarkViolet

Thu, Aug 01 2024, 5:44 am

What field are you in? What type of company do you work for - a frum small business or a corporate nonjewish business? It varies a lot.

watergirl

Thu, Aug 01 2024, 5:45 am

In the States, it's usually standard to give a COL raise of 2-4%, which does not keep up with actual COL. That does not mean every employer does this. I work two jobs; my full time job (not a frum work place) gives the annual COL raise, my other job (frum) refused to give me any raise after 10 years and I recently accepted a different part time job where the pay and raise structure was transparent.

amother

Lily

Thu, Aug 01 2024, 5:46 am

In large publicly held corporations, my experience has been that yes, annual raises are the norm. However, if you're not being promoted, the raise is usually not large, somewhere from 3-4% for average performers.

amother

Blonde

Thu, Aug 01 2024, 5:53 am

I work for frum company and yes I get raise every year
But obviously it caps at a point ..

amother

Banana

Thu, Aug 01 2024, 5:56 am

Sure. I work at a partially public hospital in Israel. Each year I get a raise of approximately one shekel more per hour.

hodeez

Thu, Aug 01 2024, 6:02 am

In corporate yes

amother

Pansy

Thu, Aug 01 2024, 6:02 am

Dh works for a frum large company and gets raises every year. It’s a very formal process which is nice that he doesn’t have to ask for it but there’s no room for negotiation. I work for a non Jewish company and have gotten a very small official raise once or twice in many years but in that time I have asked to cut my hours for a smaller than proportional paycut so that is a nice raise when you look at the new hourly rate.

amother

RosePink

Thu, Aug 01 2024, 7:02 am

We get 3-5% per year based on our performance. There is a performance review. Once we get a final score it gets calculated to determine the raise. If you score low there is no raise.

Like 3-5 score determines increase. Under 3 no increase. With 3 meeting all goals. 4 exceeding goals. 5 making the company a major win.

Larger raises either come with promotion or if we ask for more. (Which I do every few years)

oohlala

Thu, Aug 01 2024, 7:09 am

I work in a Jewish school and unfortunately we do not get raises every year. My husband is an actuary and he gets a raise and a bonus every year.

amother

Brickred

Thu, Aug 01 2024, 7:16 am

I work in a school that doesn’t give raises every year. This year they raised me by a dollar a class- which amounts to basically nothing.

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