{ "media_type": "text", "post_content": "This might be a silly question. But it’s my first big job, and I was curious about whether or not companies typically give a raise at a certain point in the year, at least to match inflation. Or do I have to be the one to bring it up?", "post_id": "61f119115b10af00264691fe", "reply_count": 11, "vote_count": 1, "bowl_id": "55375ce690f5eebe1d2a0f88", "bowl_name": "Tech", "feed_type": "crowd" }

This might be a silly question. But it’s my first big job, and I was curious about whether or not companies typically give a raise at a certain point in the year, at least to match inflation. Or do I have to be the one to bring it up?

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Companies typically have a strict comp raise process in my understanding, typically during annual performance review at the end of the year. I dont think you can just bring up hey i want a raise right now because that’s not how it works, atleast in my experience.

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Like PM1 said, most companies will give you a raise after the annual review cycle. You would also get a raise if you were to get promoted. I’ve seen the non-promotion raises be pretty nominal, like 3 - 5%. If you want a more significant non-promotion raise, you can discuss with your direct manager or department head (it really varies by company on who is authorized to initiate the process). More established companies will have a process with HR to do off-cycle raises as deemed appropriate.

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Same, 3% is a “good” cost of living annual raise. If you’ve worked somewhere less than a year and are expecting a raise greater than 3%, you likely didn’t negotiate the right salary at hire.

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If you just got hired and need a raise beyond 5%, you got in at too low a salary.

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Sigh. Got it. Thanks for the feedback

Comp review strategy depends on the company - ask your hr dept about it. If you dont want to go that far, ask your peers who’ve been there for 1+yr.

In general never expect to be given anything because if they can get away with not raising your pay that’s what’s they’ll do. Ask for an increase that you feel is deserved and reasonable every year. If they balk you’ll know what kind of place you’re at and can start looking for new work (which is typically the best way to get a large increase).

Not a silly question at all but it would depend on when you got your last raise.

You should ask your boss. Some companies give separate COL raises from performance raises. If they’re separate, COL is the same for everyone and pretty low (as I said in another comment, I’ve never seen it more than 3% and even that was unusual). Performance raises will vary by company, but they’re usually now significant unless you’re getting a promotion with that. Some companies won’t give performance raises if you haven’t been there for close to a a year (so if you started in December 2021 and check-in’s for the year where bonuses are discussed happen in February, don’t expect a raise since you likely haven’t been there long enough to prove yourself). If you have been there long enough to get one, ask your manager but make a case for your work output and growth, not for cost of living. Also, be patient if your manager tells you they don’t know what the rate is. I’ve been in the position where I’m waiting on Finance to determine how much is in the bucket and executive leadership to determine how that breaks down before they tell me the % to tell my team. It’s frustrating for sure, but it doesn’t hurt to ask and a good manager will be as transparent as possible with you as long as you’re not coming in saying you need 5% more after two months working there.

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Not getting a raise while somebody else got a promo is really fucking with mood and my work. I should just quit now.

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So I got promoted this year to senior. Just got out of CRT and my raise is lower than last year. How the fuck does that make sense?

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how the fuck am I suppose to shout "Mama we made it" with fucking 1k raise.

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I'm a woman, dating a guy who used to work at the shop I'm at now -- same position. I have 5 yrs more exp, way more responsibility, and am kicking ass...but making substantially less. Do I raise this?

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No one will participate in your digital scavenger hunt. No one will share your bullshit promotion with their friends on social. You have one chance to make someone say "oh shit." Try fucking harder.

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Sounds like a good time to ask for a raise

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Raise your hand if you had an internal meltdown at work today.

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I live in Chicago but absolutely hate the city. Problem is, I don’t know where to move. Logic says Dallas, but it’s not a fun city. I want to maximize take home, so low taxes or a big raise is a must.

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When you immediately start looking for a job after your promotion and raise... For more money....

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Vad kan man förvänta sig för lön med 7års erfarenhet inom ledningssystem. Kommer få promotion till Seniorkonsult snart?

I'm glad to see our Hospital Administrators do something to help raise morale, because the media is not seeing all of the dedication from everyone - especially Environmental Control workers

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Any info on when the discussions for mid-year promotion are happening? I understand that ppl will get to know between November 11-15.

How is the annual raise looking like in Bain in non consulting roles? Are they doing any benchmarking?

Returned from maternity leave, I was offered a Revenue Operations Project Manager. I was given a 4% raise (next to nothing), I was asked to sign the paperwork upon my return which was strange. On day 1, got to know almost 4% raise was given to the entire company as compensation adjustment due to inflammation. The manager left the company within 4 days of my joining and now I’m stuck with the sad pay and a hefty job. Not sure what I should be doing?

Your colleague keeps busting your chops because he/she has a terrible sense of humor and doesn’t understand the inside joke. I got frustrated and tried to correct, but oh no no… I should’ve raise my voice even a little or I’m crossing the line.

#NewYearsGoals promotion via curr SM, then travel project->airline status->monthly wkend adventures (i.e. Actually living). If I'm working Mon-Wed night as it is, may as well be on the road w/ perks!

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KPMG: What's an average range for a first year associate raise?

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What is the raise for a Staff 2 to Senior 1 in NYC Risk Advisory? - Rated a high 4

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Question - is Bain CTL equivalent to EM or PL at the other two? Also when does the promotion window open and close at each of the 3 firms?

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Additional Posts

Ah now it did.

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14:36 gmt 😀

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Maybe we should implement something like automatic posts refresh? I got a notification about "someone like mypost" but it isn't displaying at the post title...

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Not seeing any other posts!

Comment on this to test rereply notif

Where is a new build???

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Post without company

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How does this sound?

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Not crashing anymore.

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forgot to adjust my 401k contribution for bonus payout 😥

Thought I was pregnant with twins, turns out I just got fat #manprobz

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Best gym membership for traveling consultants?

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West coast consultants, what service lines are you in? Are there MC or strategy opps in healthcare? Healthcare seems to be mostly East and Midwest.

Any ladies here that were pregnant while in consulting? Any tips on how to manage work stress, long hours, travel etc. while making sure you have a healthy pregnancy?

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Just bought a briggs riley carry on for 500 bucks. Tell me I didn't get ripped off.

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Need some advice... Have final interviews lined up...Deloitte or PwC ...go!

When your client is ripping your deck to shreds for a THREE WEEK PROJECT. Like of course we didn't have enough time to analyze all your processes you cheap bastards

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American delayed my 50 minute flight by over 2.5 hours and still waiting! 😓😪

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