How is 3% base salary increase, bad good? How much does your company increase your salary per year? TC: 95k YOE:2
(0.03 * 95) + 95 = 97.85
Lol
Is this in Marryland location?
95k ×.03 =2850 New TC 97850
😂
Thata typically a cost of living adjustment.
That means it’s not a raise...this sucks...
Yep, a raise is usually 5 to 10 or more percent.
About average. Companies are cheap these days. It used to be 5% - 10%. I feel the only way to get over 10% is to get another offer and threaten to leave or get promoted.
>threaten to leave That is never a good idea. You either leave or stay -- why threaten to leave, then plan to stay?
I had a developer give an ultimatum about salary and although he got a pay bump it left a very bad impression among leadership.
Raise is usually around promotion or lateral move. What you are getting is on annual adjustment to accommodate inflation /cost of living changes
With your tc and yoe, fastest way you can raise your salary is move to another job. Leetcode my friend and you may double that.
location?
It's like 3% increase
Good one