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#1 |
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Commander
![]() ![]() ![]() ![]() ![]() Join Date: Apr 2001
Location: San Francisco
Posts: 1,486
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Raise Question
Let's say you get a raise. Does your salary increase as a percent of your yearly salary or a percent of the time you worked for the company?
example: You make $50k a year and earned a 5% raise at years end. But you only started work in June (half of the year). Is your raise a 5% increase from 50k or 25K? I am curious about people's experiences and if there is a standard that is applied.
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#2 |
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Captain
![]() ![]() ![]() ![]() ![]() ![]() Join Date: Jul 2000
Location: Beaverton, OR
Posts: 1,529
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My experience has been to not get a raise until after at least a year, but other people I know have had it pro-rated.
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#3 |
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Rear Admiral Lower Half
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It's just the way the company spins it.
If your salary goes up $2500, you got a 5% raise. If your salary goes up $1250, you got a 2.5% raise. They can say that you got a 5% pro-rated raise, but since there are no guarantees that you will get a raise in the future, the percentage number is just a way to make the numbers look better. |
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#4 |
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Vice Admiral
![]() ![]() ![]() Join Date: Jun 2002
Location: Northern VA
Posts: 4,927
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in my company it was pro-rated. 50,000*((7/12)*.05)
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#5 |
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Captain
![]() ![]() ![]() ![]() ![]() ![]() Join Date: Mar 2002
Location: So-Cal
Posts: 1,691
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my company prorates it if you start after mid-year, but if you start the day before the magical day, you get the full amount. I think the percent is prorated, and you get it against your contracted annual salary.
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#6 |
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Commander
![]() ![]() ![]() ![]() ![]() Join Date: Apr 2001
Location: San Francisco
Posts: 1,486
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Okay, I guess. I am really dissapointed at a 5/12 pro-rated raise. I knew my bonus was going to be pro-rated, but I was not expecting the raise also.
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#7 |
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Lieutenant Commander
![]() ![]() ![]() ![]() Join Date: Dec 2002
Posts: 824
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It's common, but it's a load of crap. At our company each manager gets a bucket of money from corporate that is x% of all salaries in the group. It doesn't matter to the bucket that an employee has been there less than a year. The new guy gets less than x%, and this allows the manager to give more to others.
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#8 |
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Rear Admiral Lower Half
![]() ![]() Join Date: Jun 2002
Location: Charlotte, NC
Posts: 2,533
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I was in the same boat a few years back and while I got a very good % raise, it wasn't worth much after it was prorated. I would imagine it is the SOP in corporate america, especially if you have been there for less than a half a year.
I wouldn't be too upset about it though, I'm sure there are companies out there that don't offer raises until you have been with the company for more than a year.
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#9 |
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Admiral
![]() ![]() ![]() ![]() ![]() Join Date: Nov 2001
Location: East coast
Posts: 7,116
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Not at the companies I have worked for. If you received a 5% raise and you have worked less than a year you still receive a 5% raise for your annual salary.
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