A bo-what? Around here, bonuses are limited to sales staff.
As for raises, the evaluation cycle happens in March - the only year-end changes that happen to pay are related to the (usually increased) cost of whatever health insurance plan you elect.
I am almost guaranteed a 20% bonus this year. The company calls it variable compensation. It will be paid in April. I will probably get Cost of Living Raise, also in April (3-4%)
Nope and nope. I work for the state. We might get a cost of living increase at the end of the fiscal year in June (we did this year, but didn’t last year).
Nope and nope. It’s been about two years since the last raises, which were well this side of generous.
Coming soon to a thread near you – twicks needs a pep talk on looking for a new job.
I’ve only been in the company since July, so I’m not 100% clear on how everything works, but here is what I think I’ve figured out.
Raises: At the start (end?) of the fiscal year in July, which corresponds nicely to my hire date, I guess. From what I heard at our quarterly meeting, it’s a 5% a year increase almost guarented. Since I know I am doing really well (this is the first ‘real’ job I’ve had, never done anything like it, and was able to do it easily in a coupel months.) I might get a bit more.
Bonus: We got our bonuses at the staff meeting. What did we all et, you ask? Cheese. A three pound block of cheese was my Christmas bonus. The price tag was still on it, $10.99.
Raises come in April here, last year it was a 3.5%. Not too bad, but I’d have liked better.
Bonuses …I’m not sure if we get them. Does a $75 gift card to the mall count as a bonus? If so, yes. If not, no.
Ever since our smaller, more progressive company was purchased by a larger behemoth, we’ve gradually seen all our once wonderful and plentiful perks go by the wayside. Free beer on Friday afternoon, private offices, inexpensive health care, generous stock ownership and others are now a thing of the past and this year it’s rumored will be our last for bonuses too.
My wife’s company’s stock price is in the can this year too so 2004 is gonna be a double whammy.
I’m a grant-funded employee at a community college. We get our raises at the end of the grant year, which happens to be December. This year, I got 2.5% because I’ve been here less than a year. I think it goes up to 5% next year. I haven’t heard mention of bonuses, but I highly doubt the college gives them.
My job functions have changed significantly over the past 12 months. I was going with the flow of all of it until about 2 months ago when I was really feeling overloaded. I’m not really one to say much about how much work I have or do, most of the time I’m pretty happy just having the job I do. But, I’d hit that point, and I walked into his office and asked my boss “How does one go about asking for a raise around here?” To which he replied “I guess you just did.”
We sat down and talked and he asked me to update my job description. The very next day a memo came out announcing across the board bonuses and raises for the entire company. We got our checks that payday.
While I was happy getting a raise and bonus (duh), I felt like my timing in asking for compensation for my added duties couldn’t have been worse. There’s no way they’ll approve a raise for me after giving raises out, was my thinking.
When my boss handed me my bonus check, he asked me into his office and shut the door. He gave me the pep speech about what a valuable employee I am, etc. and asked me to do him a favor. “Sure” I said, “of course, what?”
He asked me to continue with updating my job description as we had discussed when I asked for a raise, and submit it to him so he can work on having my title and my salary changed to reflect my new duties.
I handed him the new description a couple of weeks ago, and he seemed excited, and told me it was part of ‘something big.’ If something comes of it, great, if not, again, I can’t complain, I love my job. And I was extremely pleased with and grateful for my bonus and raise. Came in very handy.
No raise, no bonus. I get to keep my job unlike the people we laid off just before Thanksgiving.
I’m union, so everyone gets their COLA come Jan. 1. And we just ratified our new contract, so I believe we’ll be getting a ratification bonus too.
Happy
3.5% raise as of 1 Jan. I get a raise of varying amounts every year on my regular job. It is negotiated by contract. No bonuses for my current full time job of course. For my regular full time job we get our holiday pay and shift differential at the end of the year. Not a bonus but it helps with Christmas.
I got my bonus (about what I expected) at the Holiday party last week.
If I get a raise, it’s usually in May, the anniversary of my hire date. However, just a few weeks ago, my boss took me out to lunch and told me I’d be getting a performance-based 5% raise as of now. I wasn’t expecting it at all.
8% raise, 23% bonus. Yippee! I am very happy.
I don’t expect that every year. It’s mostly an adjustment since we’ve had 2 straight years of barely cost of living raises (even for our best employees) and tiny bonuses (if any).
I got my bonus but I’m not sure about a raise. They havn’t done reviews yet, so if there is a raise, they won’t tell us until after reviews.
Actually, I already got 3 raises this year.
When I started the year, I was supervising in one dept. I got my annual raise early January, late January my boss decided I wasn’t making as much as the other people in my job description so she gave me a raise, then in May, I switch to a different dept. and gained another raise.
(although I went out on medical leave, missed training so I’m still working in my old dept until training starts again. At my new pay)
I’ve worked for the State for 15 years. My longevity bonus was $400. Haven’t had a raise in 5 years. And don’t see it happening anytime soon.
Raise, I’ll find out in May. Bonuses are twice a year, this one was around 1% (of a six-month salary). But I had gotten a huge (30%) raise a couple years ago, before things got tight, so I’m not complaining. Yet.
-lv
We got a tub of Poppycock. For the entire second shift.
Which is a step up from the moldy sausage actually.
Well, we were sittin’ tight.
It’s funny how the corporado existence works - here I was thinking that maybe I was sliding onto the dark side, and I got an 8% raise (best ever), a 30% bonus and stock options. I guess the Bush economy is working here.
I don’t yet know how my compadres did.
In the summer of '03 I got a 9% internal equity raise, and that disqualified me from getting a raise the following December. This December I just got another salary increase, but it was only 2.1%. Still 11% over two years so I guess I don’t have much to complain about.
I’ve always gotten a bonus, early in the following year, of around 10% to 15% of my annual salary.