Will you get a raise this year?

[boosami]

For non-self-employed members, I'm interested to hear people's thoughts on if they will receive a raise this year, or if the concensus is that it will be a reduced amount.

I read on another post the average raise is ~3%, which to me is really just an inflation adjustment. What percentage was your last raise, and what do you predict for the next one?

[momof1in150]

My DH is up for a promotion at his job. We will find out if it will include a raise. He did get a little over 3% COLA raise in January.

[Pitman]

Well after 3 1/2 years, my company's union finally agreed on a new contract this past November so everyone recieved a nice sized raise, and 3 years retroactive this past month. I'm very fortunate, and lucky to have been hired just around the time that past contract expired so I was eligible for all the perks of the new contract.

btw I work for the government.

In another month, I'll also be eligible for a much needed promotion. Hopefully, I'll be offered this promotion at my current job, if they don't, then I'll be applying else where. I refuse to stay stagnant.

[jIM_Ohio]

from my employer no- that announcement was made the same day they said layoffs were coming.

we will get more disposable income by cutting some expenses and paying off some student loans

[Caoineag]

I actually already did, but if you mean next year, I am not sure I will. I have been getting large raises because my value as a paralegal is still going up with each passing year. Not sure how long that will last but I am still on the upward trend. I think if my employer can afford it, I will still get a raise next year. Just depends on business.

[tulsa_sr5]

No raises this year, along with the 401k match being suspended, no bonuses, and I think that's about it for benefits cut so far. We weren't on track to qualify for bonuses as a company anyways, no where close to the goals they set early 2008. I'm not complaining about any of that...

[GREENBACK]

Contractually, I'm guaranteed a raise this year but the future isn't bright in coming years. The inflation that the porkulus bill will generate is going to make it even worse with no raises.

[mommyof4]

My salary is still being decided by the state legislature. I may go up, stay the same, or take a pay cut. My bets are on the pay cut.

[FoolFromAZ]

I work for one of the Top 5 banks.. you all know how well banks are performing.. no way I get a raise.. as long as I dont have a paycut I am more than happy.

[MonkeyMama]

Yes. I just got a 2% raise (lowest ever).

I have gotten pretty substantial raises in recent years as I have climbed up the ladder. I seem to be leveling out on the top, on one hand. On the other hand, the economy seems to have put a bit of a damper on things, though so far we haven't been affected much. Then again, my field is still extremely competitive, so I still can't quite imagine a year passing with absolutely no raise. But this year was less than expected, for sure.

Just a lot of factors at play.

[Goldy1]

My mom works for a very profitable specialty medical practice. They had no losses last year and did well. The raises were tiny b/c they are "anticipating" possiblly not doing as well next year. nice to not get a good raise b/c of possible future performance.

sheesh, my freind at walmart sd she isn't getting a raise.

[Angio333]

Yes,I have a 2% raise that goes in effect in April due to a union contract. After that, I do not expect to see a raise in our next 3 year contract.

[ea1776]

No raises this year, along with the 401k match being suspended, no bonuses, and I think that's about it for benefits cut so far. We weren't on track to qualify for bonuses as a company anyways, no where close to the goals they set early 2008. I'm not complaining about any of that...

Same exact situation for me.

[Uneventoast]

I am hoping to get a big raise at the end of this month. I will be with my firm for a year at the beginning of March and I know that I was brought in at the low end of the scale to see how I would perform. I am expecting a $10,000.00 but would be happy with $5,000.00.

[LivingAlmostLarge]

No raise for either of us. Although apparently DH gets a larger bonus by 4% for COLA. That's his raise, so they don't guarantee a higher salary.