To my point, 2%-5% is not a raise, it isn't even a cost-of-living adjustment. Let's say you are an $80K/year employee. Your take-home is about 65% of that ($52K), after taxes. A 5% raise translates to $2,600/yr or $216/mo or $108/paycheck. Now, you can quibble with the tax-rate, or my math (:-)), but it's hard to see how that 'raise' is anything but incremental.
True enough, but let's take a job shift example. Unless you're upgrading positions because your original employer didn't have space ( say going from a SQL II to a SQL III), you're usually not going to negotiate much higher of a raise anyway.
Let's take your average II round these parts, which is about 55-60k/yr. There's a few employers around here who will pay top dollar for a II, mostly because they will abuse their employees. That's around 65k/yr. All prices local, I realize it depends on where you are.
So, from 55k/yr to 65k/yr, you've gotten yourself a 18% raise. You've tossed yourself into a new environment, lost any seniority or build up on your vacation/sick time, and possibly 401k matching and vestment. You also shouldn't expect a raise for the next year or two, and you've hit top of the market, there's nowhere to go without doing an expertise jump.
Yet over those next two years, lets say you were getting your 5%, so you've gotten about 11% of a raise (compounding), you've kept your 'extras' and possibly gained more, and are still comfortable. It's a tradeoff.
And I have a wife and kids, too...so let's leave all that aside, thank you.
I'll set it aside with one additional comment. You're right that it can be made to work, but not everyone has that level of confidence and will eat a lot of crow for the security.
- Craig Farrell
Never stop learning, even if it hurts. Ego bruises are practically mandatory as you learn unless you've never risked enough to make a mistake.
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