Money Average Earnings Increase? - Page 4

**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.

**LoneWolf** · 03-02-2017, 05:55 PM

Quote:

Originally Posted by Shaid

What do you do?

In my day job, I'm a plant manager of a manufacturing facility that employs around 800 people. I have also started my own lean manufacturing consulting business.

**Bearcat** · 03-02-2017, 06:33 PM

Quote:

Originally Posted by wutamess

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.

Yep... not sure if it's more so in IT, but if you don't really need the stability, the best thing you can do for your paycheck is change jobs every 2-3 years until you find one that takes good care of you.

DanT · 03-02-2017, 06:34 PM

From 1990, the first year I worked full-time after graduating college in the 2nd half of 1988, until 2016, my average annual increase has been 7.7%. But as a liberal arts major (BA in psychology from the University of Chicago), my early salary was very modest. I've always liked my jobs, though, and they helped prepare me for the PhD in statistics that I eventually earned. Plus, except for some small consulting or summer jobs, I've only worked two places, putting in 13 years at Rush University in Chicago and now in my 15th year at the University of California, Davis.

Also, I benefited from an affordable graduate school, the University of Illinois at Chicago. The government gets a lot of income tax from me, but it was a good all-around deal for the government and for me that grad school was not expensive.

**hometeam** · 03-02-2017, 06:44 PM

after my first few years in automotive sales I went up about 30%, then basically stayed within a couple percent of that every year (11 years) until the end of the year last year, made a little bit more because a took a new position, and this year I am on pace to make the most I ever have by more than a 100% increase.

If I average it up thats about 9 percent a year from year one, though in reality it all really came at once.

DanT · 03-02-2017, 06:49 PM

Using the Consumer Price Index calculator, from 1990 to 2016, the average increase in inflation was 2.4%, so one would want to get at least that much of a raise on average over that time period. https://data.bls.gov/cgi-bin/cpicalc...990&year2=2016

eDave · 03-02-2017, 06:53 PM

Quote:

Originally Posted by lewdog

We get a yearly 3%. I've gotten increasing retention bonuses too that this year with my 3% normal raise gave me 5.5% this year.

In a day with stagnant wages, many are fortunate to get even 3% every year for the same job.

5y here, no raise. Still make full bonus because I am awesome but the bonus pool gets less each year as well. No one has gotten a raise in that time period.

Result is lots of turnover that costs more than simply giving out raises.

To top it off, I took a $15k decrease to go full time with HP. I'm open to new options but I do enjoy the working from home thing.

DanT · 03-02-2017, 06:59 PM

Quote:

Originally Posted by hometeam

after my first few years in automotive sales I went up about 30%, then basically stayed within a couple percent of that every year (11 years) until the end of the year last year, made a little bit more because a took a new position, and this year I am on pace to make the most I ever have by more than a 100% increase.

If I average it up thats about 9 percent a year from year one, though in reality it all really came at once.

That's awesome. Sales seems like a rewarding career.

KCUnited · 03-02-2017, 07:10 PM

9% over 10 years, but I'm an expert in my field.

**hometeam** · 03-02-2017, 07:10 PM

Quote:

Originally Posted by DanT

That's awesome. Sales seems like a rewarding career.

If you like long hours, high stress, being looked at like dirt, and a fat ass paycheck.

Then yes

**Rain Man** · 03-02-2017, 07:24 PM

Quote:

Originally Posted by KCUnited

9% over 10 years, but I'm an expert in my field.

Can you take a look at this mole on my shoulder?

**lewdog** · 03-02-2017, 07:54 PM

If I didn't care about stability, I could make 30-50% more for the same work I do right now, if I agreed to travel and pick up 12-13 week contracts around the nation. Some places are so desperate I could almost double my current salary.

Instead for extra income I work hourly for another company, only when I want, and they pay me 25% more then my current hourly rate at my full-time job. I make my own hours and only do this when I want. Sometimes they ask for me and I tell them I can't. All up to me. That's kinda nice.

03-05-2017, 10:44 PM

Quote:

Originally Posted by Bugeater

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

He can becos he his owned boss so noway 2 do tht. but he cud tri. May b 1 thyme sucsussful

**ChiefGator** · 03-06-2017, 11:09 AM

Huh, averaged 14% over the last 10 years.

It is aided by the fact that i just negotiated a 48% raise at my current job in the last couple months.

carlos3652 · 03-15-2017, 11:02 PM

Annual will run you between 2-5% depending on a lot of variables. Bonuses are normally targeted at 10% basis for managers + ... (although mine has been lethargic due to company being not as profitable due to oil prices the last couple years - 8% in 2016 and 6% in 2017. And you should get a pay bump (raise for changing jobs / position) every 2-3 years... typically a 5-15% increase depending on multiple variables.

DenverChief · 03-15-2017, 11:36 PM

1-2% since 2011. Prior to that I agency hopped for several years jumping to higher salaries.

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: $6774952	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: 35,694

03-02-2017, 06:34 PM	#48
DanT Veteran Join Date: Sep 2000 Location: Davis, CA Casino cash: $4541711	From 1990, the first year I worked full-time after graduating college in the 2nd half of 1988, until 2016, my average annual increase has been 7.7%. But as a liberal arts major (BA in psychology from the University of Chicago), my early salary was very modest. I've always liked my jobs, though, and they helped prepare me for the PhD in statistics that I eventually earned. Plus, except for some small consulting or summer jobs, I've only worked two places, putting in 13 years at Rush University in Chicago and now in my 15th year at the University of California, Davis. Also, I benefited from an affordable graduate school, the University of Illinois at Chicago. The government gets a lot of income tax from me, but it was a good all-around deal for the government and for me that grad school was not expensive. Last edited by DanT; 03-02-2017 at 06:50 PM..
Posts: 4,224

03-02-2017, 06:44 PM	#49
hometeam Supporter Join Date: Jul 2011 Casino cash: $4151956	after my first few years in automotive sales I went up about 30%, then basically stayed within a couple percent of that every year (11 years) until the end of the year last year, made a little bit more because a took a new position, and this year I am on pace to make the most I ever have by more than a 100% increase. If I average it up thats about 9 percent a year from year one, though in reality it all really came at once.
Posts: 10,636

03-02-2017, 06:49 PM	#50
DanT Veteran Join Date: Sep 2000 Location: Davis, CA Casino cash: $4541711	Using the Consumer Price Index calculator, from 1990 to 2016, the average increase in inflation was 2.4%, so one would want to get at least that much of a raise on average over that time period. https://data.bls.gov/cgi-bin/cpicalc...990&year2=2016
Posts: 4,224

03-02-2017, 07:10 PM	#53
KCUnited Cheat Death Join Date: Nov 2007 Location: Land of Drincoln Casino cash: $2338244	9% over 10 years, but I'm an expert in my field.
Posts: 33,871

03-02-2017, 07:54 PM	#56
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $1951900	If I didn't care about stability, I could make 30-50% more for the same work I do right now, if I agreed to travel and pick up 12-13 week contracts around the nation. Some places are so desperate I could almost double my current salary. Instead for extra income I work hourly for another company, only when I want, and they pay me 25% more then my current hourly rate at my full-time job. I make my own hours and only do this when I want. Sometimes they ask for me and I tell them I can't. All up to me. That's kinda nice.
Posts: 45,566

03-06-2017, 11:09 AM	#58
ChiefGator Can these boys not play? Join Date: Apr 2001 Location: Northcentral Florida Casino cash: $7772956	Huh, averaged 14% over the last 10 years. It is aided by the fact that i just negotiated a 48% raise at my current job in the last couple months. __________________ - Mark
Posts: 4,597

03-15-2017, 11:02 PM	#59
carlos3652 El Diablo Join Date: Dec 2004 Casino cash: $4116679	Annual will run you between 2-5% depending on a lot of variables. Bonuses are normally targeted at 10% basis for managers + ... (although mine has been lethargic due to company being not as profitable due to oil prices the last couple years - 8% in 2016 and 6% in 2017. And you should get a pay bump (raise for changing jobs / position) every 2-3 years... typically a 5-15% increase depending on multiple variables. __________________
Posts: 6,066

03-15-2017, 11:36 PM	#60
DenverChief MVP Join Date: Mar 2001 Location: Rocky Ford Casino cash: $5999867	1-2% since 2011. Prior to that I agency hopped for several years jumping to higher salaries.
Posts: 16,123