Thread: pay increase
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Old 01-23-2005, 08:25 AM
dcfan40 dcfan40 is offline
'83 Benz
 
Join Date: Nov 2004
Location: Douglas, MA
Posts: 57
pay raises

I work in technology. We specialize in outsourcing of benefits. Before we went public it wasn't uncommon for someone to get about 8-10% increases. Now at our place it's about 2-5%. I feel if you are doing your job, working hard, and making an impact by continuing to learn and take on adidtional work a 5-7% increase is reasonable especially with the amount of turnover we are seeing at my company. Our turnover rate is at about 25-28%. Companies with higher tournover need to take care of there experienced people who are staying.

25-28% turnover is different in every industry. we should be at 10-15%. Restaurants for example, generally have about 100% turnover and thats not bad at all.
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