Is a 15% increase in pay a lot?

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It's great for a salary increase. It's ok for a promotion.

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A 15% increase can be when you first starting out. Every little bit can help. But when you are making six figures, not so much.

It depends on a lot of factors if it is a lot. Is this increase a raise? Promotion? Or a new job opportunity?

Consider only netting 60% of the increase.

15% of $100,000 = $15,000.

Remove 40% for taxes, benefits, 401(k). Now you have netted $9,000.

Divide by pay periods: $9,000/24 = $375.

That’s $375 more per paycheck. That probably won’t change a person’s life. But an increase in 401(k) contributions and matches is always nice. Every little bit helps.

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15% of what.

Yes. 10% is considered good and normal. Ive see less than 10% at big holding companies.

To be fair, I’ve had 20% raises. But that wasn’t part of the normal promotion standards. That was through leveraging another offer

Yes. 3% increase annually is standard.

It’s more than you’ll get most years at almost any agency unless you’re getting promoted or getting a new job.

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