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Forum
-> Household Management
-> Finances
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amother
OP
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 Thu, Jul 11 2024, 1:19 pm
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What do you think of a $5 increase per hour? I work PT so it's really not a lot per week. Maybe I'm used to nicer increases, and feel like this doesn't make me feel needed and good...
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amother
Blue
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Thu, Jul 11 2024, 1:20 pm
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Depends on a lot. I have two jobs and don't get a yearly raise....
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amother
Wheat
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Thu, Jul 11 2024, 1:23 pm
| amother OP wrote: | | What do you think of a $5 increase per hour? I work PT so it's really not a lot per week. Maybe I'm used to nicer increases, and feel like this doesn't make me feel needed and good... |
That is huge increase!
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amother
Caramel
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Thu, Jul 11 2024, 1:39 pm
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It depends on what % of your pay a $5 increase/hour represents. Average raises are 3%-5% depending on the industry. For example, if you were making $40/hour, a $5 increase is a significant percentage!!
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amother
Mintgreen
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Thu, Jul 11 2024, 1:40 pm
That’s basically the amount I got this year, I work 22 hours a week
Companies aren’t doing as well this year as the past few years.
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amother
Mocha
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Thu, Jul 11 2024, 1:45 pm
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Typically, it's 3-5% of annual salary, and tops 10%
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amother
Tulip
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Thu, Jul 11 2024, 3:00 pm
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Sounds like a massive raise! I was happy when I got a 7% raise of $2 an hour.
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amother
Lightcyan
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Thu, Jul 11 2024, 3:15 pm
How much do you get paid now an hour?
How important are you to the company?
How was your preform since this past year?
How long have you been with the company?
Where I work standard is 3-4%. If high achiever 6% based on. Review score.
Can get a raise for more money. But not annual. Have to ask for it. Present case.
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watergirl
↓
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Thu, Jul 11 2024, 3:33 pm
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That’s very significant!! If you work 5 hours/day, that’s $25/day and $125/week, $500/month, $6000/ year more!
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watergirl
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Thu, Jul 11 2024, 3:36 pm
| amother Tulip wrote: | | Sounds like a massive raise! I was happy when I got a 7% raise of $2 an hour. |
That’s a good raise! I get an annual COL raise, 2-3%.
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amother
Mintcream
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Thu, Jul 11 2024, 3:44 pm
| amother OP wrote: | | What do you think of a $5 increase per hour? I work PT so it's really not a lot per week. Maybe I'm used to nicer increases, and feel like this doesn't make me feel needed and good... |
I would be happy with that!
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amother
Springgreen
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Thu, Jul 11 2024, 5:48 pm
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That sounds nice. The most I ever got raised was $2 an hour. But even small raises over time add up
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