Accounting

Folks in industry what have been your raises? Promotions vs no promotion years? Is it really 2 to 3 percent?

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I’ve averaged between 2% and 12% in industry. However, in industry, bonuses can be better (depending on which industry/company). However, depending on the company and industry, the benefits more than make up for the difference in compensation (especially if you have kids).

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When I was in industry, that was true for my previous employer. However, this probably varies by company. First industry job had awesome raises. The last one merely gave small bumps for inflation and promotion was still pretty meager.

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I was in industry 2 raise cycles, first year was 2% second year was 3%. Management said I should be really happy about it and it was the highest raise in the department. In public my raises have ranged from 12-18% annually.

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Looking at raises alone in industry is short sided. You should be striving for cash bonuses and equity awards. Equity issuance is the way public companies provide wealth. Non-cash and an add back for adjusted EBIDTA.

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Agree. If you’re in finance or tech, yes, expect a lot of equity compensation. For those who are in other industries like manufacturing, equity comp can be limited.

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