Salary Increase

I'm just trying to gauge how much of a raise I should expect. A brief back story. I recently passed my tests and interviews for a promotion. I work in the tech field as a linux system administrator. Web hosting company.

I am jumping from a level 1 sysadmin to a level 2, which would put me on a different and higher pay band which has its own range.

In addition to this I got a mid year performance review (two per year). The range is 1-5. I got a 4 (exceeds expectations) the second time in a row. Less than 10-15% of the company gets anything above average, so this sort of puts me in a position to get a good salary bump.

I'm guessing a 10% bump is common, but I'm wondering if I could get closer to 15%? Or what should I expect. I work in a large company FYI.

 

So, you're looking at a salary adjustment for your promotion and a pay increase for your performance evaluation?

Generally, raise budget is allocated by group / department, and raises are then distributed by group based out of that bucket based on performance review rankings.

Also, some companies have a hard cap on the amount of pay increase that an employee can receive in a year. So, if your employers cap is at say 15% (for example) and your promotion nets you a 13% pay adjustment, you may be looking at only 2% for your performance eval, regardless how well you did.

In addition, not every promotion nets a pay adjustment, it can just change your grade level. Grade levels usually have some overlap. Sometimes grade level generally serve two purposes. One being to expand the amount of pay that you can potentially earn in a given position. The second being to make you eligible for promotion into higher positions. For example if you are an x5 ranked employee who wants to apply for an x7 senior position, it is very difficult for an employer to justify a jump from x5 to x7. If you're an x6 however, you are eligible.

I imagine you already know what the pay adjustment is for your promotion though.

 

My work colleague went to a company and f'ed with them and said 130000 salary. He knew he wasn't going to go so he wanted to give them a reason not to pick him. Guess what they said sure 130000. I was like wow...... It is good to be a techie. We get paid so high.

 

But the best way to advance is exactly what he did... move to a different company.

 

I was going to say this. It is the only way to get a real substantial salary increase.

 

True, you can also learn how to invest; real estate, stocks, bonds, currencies passive investments (like a laundry mat), ect. Give yourself your own raise.

 

I'm oddly really good at investing . I had a 20% return rate when I cashed out to buy my house. Since then the stock went up to $300. Had I stayed in the game. I might actually get close to having a 50% return rate. but I bought a house worth more so.... still a larger return on value.:smt095

 

review salary.com...could help u

 

Don't ya love it! I'm making my first jump over $100k starting Aug 5th. I'm happier than a faggot in jail right now

 

just wait until you hit the $160k+ range... you start to realize that $250k+ is where its at.

 

I bet! I'm hoping with my new job, and staying on as a consultant here will put me in that range, but the particulars haven't been worked out yet. But I don't mind taking baby steps...as long as progress is made.

 

Are you still moving back to NY?

 

Ches, seriously? Lol. You know exactly where both positions are...how would I do that?

 

Sorry!! Just thought that was still the plan at the end of the year...:smt102

 

Yeah, I'm gonna start a job in August, and move back to NY in December...if that isn't sound career planning, I don't know what is.....:smt012

 

Don't take that tone with me, youngin!! :smt018

 

Hush up! lol

 

Well for my role change, pay scale going to the new role, and my performance review I got a 10K bump.