Money Average Earnings Increase?

**DaKCMan AP** · 03-02-2017, 07:04 AM

How have your earnings increased, on average, throughout your career?

More curious about annual merit increases/promotions - not career, company, or job changes.

For those who are not math inclined...

Proper way to calculate:

Current salary = (starting salary) x (average raise)^(number of years)
or
c = s*a^n

c, s, and n should be known. You can use solver in excel or another method to solve for a.

**rockymtnchief** · 03-02-2017, 07:08 AM

Over 12 years, mine has averaged out to 3% a year.

**Buehler445** · 03-02-2017, 07:10 AM

Self employed.

**Bugeater** · 03-02-2017, 07:14 AM

Quote:

Originally Posted by Buehler445

Self employed.

Soooo...no increase?

**Buehler445** · 03-02-2017, 07:28 AM

Quote:

Originally Posted by Bugeater

Soooo...no increase?

Nope. I'm an asshole boss.

**Bugeater** · 03-02-2017, 07:36 AM

Quote:

Originally Posted by Buehler445

Nope. I'm an asshole boss.

That sucks. You should totally quit. Show yourself who's the boss.

Hydrae · 03-02-2017, 08:49 AM

I got a 4% raise last year and expect about the same this year. That was the first raise in about 8 years. Got to love working for companies who have record years but since they did not hit the numbers set by the board at the beginning of the year there are no bonuses or raises. I am sure the stockholders still got a nice dividend though.

wutamess · 03-02-2017, 08:54 AM

Weird to calculate mine I usually either got a promotion or switched jobs instead of raises.
There were a couple of years where I got like 2-3.5% raise and a couple of years where I didn't get a raise.

Why settle for a raise when you can name your price with a new company?
I think I've settled now as I'm at that point where I don't want any extra responsibility but love the pay & benefits.

FWIW: I've been working in I/T since 2001.

ChiliConCarnage · 03-02-2017, 09:06 AM

Annual type cost of living raises? I picked 3%

**SAUTO** · 03-02-2017, 09:25 AM

Quote:

Originally Posted by Buehler445

Self employed.

This.

Amnorix · 03-02-2017, 09:25 AM

Speaking not for myself but just generally, you should hope/expect to get a raise every year so you at least keep up with inflation. Over the last many years (like 15+) that is more or less a 2-3% raise. Raises beyond that are TRUE raises, meaning that your purchasing power is actually increased beyond what is needed to keep up with inflation.

In other words -- a "raise" of less than 2% is really a pay cut, in real purchasing power terms. A raise of 2-3% is just keeping you where you are. A raise of more than that is a real raise.

Hope this helps.

**DaFace** · 03-02-2017, 09:34 AM

Considering your statement about "not math inclined," I'm amused that 1) your formula isn't correct (a should be 1 + a) and 2) you could have solved for "a" yourself to try and make it easier on people.

a = n√(c/s) - 1

Mine works out to about 7% per year.

**DaFace** · 03-02-2017, 09:42 AM

On some calculators may be easier to do it like this:

a = (c/s)^(1/n) - 1

bigjosh · 03-02-2017, 09:43 AM

We average about 3% per year.

BWillie · 03-02-2017, 10:03 AM

I made 30% less in 2016 than 2015. In 2015 I made 70% more than 2014. So far, 2017 is going well.

View Poll Results: On average, how large of a raise have you received?
I don't get raises.	13	13.13%
1%	1	1.01%
2%	10	10.10%
3%	25	25.25%
4%	9	9.09%
5%	8	8.08%
6%	5	5.05%
7%	7	7.07%
8%	3	3.03%
9%	2	2.02%
10%	3	3.03%
>10%	9	9.09%
Infinity	4	4.04%
Voters: 99. You may not vote on this poll

03-02-2017, 07:04 AM
DaKCMan AP Beloved & Awesome CP Celebrity Join Date: Aug 2000 Location: Florida Casino cash: $6734952	Average Earnings Increase? How have your earnings increased, on average, throughout your career? More curious about annual merit increases/promotions - not career, company, or job changes. For those who are not math inclined... Proper way to calculate: Current salary = (starting salary) x (average raise)^(number of years) or c = s*a^n c, s, and n should be known. You can use solver in excel or another method to solve for a.
Posts: 35,695

03-02-2017, 07:08 AM	#2
rockymtnchief Supporter Join Date: Oct 2006 Location: The Crazys of Montana Casino cash: $10018968 VARSITY	Over 12 years, mine has averaged out to 3% a year. __________________
Posts: 5,740

03-02-2017, 07:10 AM	#3
Buehler445 Supporter Join Date: Apr 2007 Location: Scott City KS Casino cash: $2294734	Self employed.
Posts: 56,790

03-02-2017, 08:49 AM	#7
Hydrae Sandbox: Leander Lasercats Join Date: Jul 2001 Location: Austin, Tx Casino cash: $2307000	I got a 4% raise last year and expect about the same this year. That was the first raise in about 8 years. Got to love working for companies who have record years but since they did not hit the numbers set by the board at the beginning of the year there are no bonuses or raises. I am sure the stockholders still got a nice dividend though.
Posts: 14,686

03-02-2017, 08:54 AM	#8
wutamess MVP Join Date: Aug 2000 Location: Lee's Summit Casino cash: $5371637	Weird to calculate mine I usually either got a promotion or switched jobs instead of raises. There were a couple of years where I got like 2-3.5% raise and a couple of years where I didn't get a raise. Why settle for a raise when you can name your price with a new company? I think I've settled now as I'm at that point where I don't want any extra responsibility but love the pay & benefits. FWIW: I've been working in I/T since 2001. Last edited by wutamess; 03-02-2017 at 10:53 AM..
Posts: 8,275

03-02-2017, 09:06 AM	#9
ChiliConCarnage TACO SALAD Join Date: Apr 2008 Location: yes Casino cash: $1778468	Annual type cost of living raises? I picked 3%
Posts: 5,883

03-02-2017, 09:25 AM	#11
Amnorix In BB I trust Join Date: May 2003 Location: Boston, Mass. Casino cash: $10029808	Speaking not for myself but just generally, you should hope/expect to get a raise every year so you at least keep up with inflation. Over the last many years (like 15+) that is more or less a 2-3% raise. Raises beyond that are TRUE raises, meaning that your purchasing power is actually increased beyond what is needed to keep up with inflation. In other words -- a "raise" of less than 2% is really a pay cut, in real purchasing power terms. A raise of 2-3% is just keeping you where you are. A raise of more than that is a real raise. Hope this helps. __________________ "I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington
Posts: 43,125

03-02-2017, 09:34 AM	#12
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $2006899	Considering your statement about "not math inclined," I'm amused that 1) your formula isn't correct (a should be 1 + a) and 2) you could have solved for "a" yourself to try and make it easier on people. a = n√(c/s) - 1 Mine works out to about 7% per year.
Posts: 51,792

03-02-2017, 09:42 AM	#13
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $2006899	On some calculators may be easier to do it like this: a = (c/s)^(1/n) - 1
Posts: 51,792

03-02-2017, 09:43 AM	#14
bigjosh Mahomosapien Join Date: Oct 2012 Location: the great white north Casino cash: $1664902	We average about 3% per year.
Posts: 6,034

03-02-2017, 10:03 AM	#15
BWillie Future NBA Finals MVP Join Date: Apr 2006 Location: Earth Casino cash: $2411241	I made 30% less in 2016 than 2015. In 2015 I made 70% more than 2014. So far, 2017 is going well. __________________ Who wants free money? Use the link below to sign up at Bovada, BetOnline, Black Chip Poker and Ignition. Contact me for private deals, spot bonuses, possible rakeback or any questions! Bovada, Ignition, BetOnline, Black Chip Poker: baldeaglepoker.com Bovada Poker is back! Get up to $500 poker deposit bonus.
Posts: 45,982