Does your company offer significant merit raises in addition to bonuses, or does your bonus just fluctuate year to year? My company puts a lot of weight on bonuses but the merit increases are minimal (1-3%). The bonuses don’t fluctuate more than an additional $5-10k/year.

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I haven’t had a raise more than 4% in decades unless it’s due to a job switch.

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Neither bonuses nor raises fluctuate much. Bonus has been between $7-8k past couple years, increases capped between 3-4%. Every last dollar helps, but damn does review season make me jealous of my friends who went into tech.

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Same here! Feels so difficult to make significant progress with 3-4% merit increases

Merit increases is between 2-6% and bonuses are between $12-25k

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This isn’t bad! May I ask what company you work for?

Merit always fluctuates as bonus level. The size of the company depends how big the bonus is. A manager at Valero energy gets 22.5% bonus. An assistant credit Manager is 12.5%. then from that comes a multiplier by how the company did. So they did really well you get way more than 100% of that amount, but they did not as well then you wouldn't get the full bonus value.

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To add to that, at Valero Energy, Non-degreed coropate position is 6% bonus, then supervisors get the same rate as an assistant manager. Then at the Director, non executive, level you also get stock. No flexible schedule or work from home.

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