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PR and Communications

Anyone know the annual raise you can expect in house? Lower/the same as agency?

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I’m in house after decades in agency. Three percent cost of living increase is virtually guaranteed, merit increases layer on top of that. Promos move you into different salary band. But the real action is in bonus. To illustrate, here’s an example for an employee on my team from last year: Base comp: $210,000 Annual raise: $6,300 Merit raise: $10,000 New salary $216,300 Profit share: $18,900 Annual bonus: $42,000 Long-term incentive program: $33,000 Total Annual Comp: $310,200 In agency, I saw higher base as quite common, but incentive comp was lesser and fraught with exceptions, flat out misses and arbitrary application of the rules.

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Long term incentive is based on company financial performance against a three year mid-term plan. The bulk of that award pays out once every three years (imagine an extra bonus check of $120k every three years), but in the case of our company has blown targets out of the water it triggers additional annual awards, which is pure gravy. We do this is lieu of stock because the company is foreign owned and its stock is only available as an ADR in the US. Which is fine by most of us!

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Mine has always been higher, but not by much.

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Thank you! This is very helpful. What is the long term incentive?

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3% used to be the standard with industrial/manufacturing, but I've had friends getting "full raises" as low as 1.25% in the past 5-7 years.

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