pay increase
 

Not that it likely happens often but what is a typical amount folks get when they get a pay increase? I mean by % increase not actual amount. Is there a typical amount or formula for this?

TIA

Last year we gave 3.2% in cost of living and the individual was given (if earned) a merit increase of 1 -15%.

In my trade (machinist, non-union) pay increases are all over the board. From none to drastic. Cost of living increases are very rare. Ya gotta earn them, and then you only get them if the shop is doing good. This is a real tight buisness, always having to be "lowest bidder", and shops can go years and not see a real profit. My last pay raise was about 4 years ago, and was about 20% or so. I've pretty much peaked out at this shop.

Hi Lebenz,

That depends. I was highered at a relatively low salary because I didn't have aton of experience. Now because of my performance, I have gotten at least 20% raises every year and this year a 25% raise. I am in a growing field and seem to be good at it.

If you're in aviation, the question would be how much of a decrease.

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.