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Whats the largest raise you've ever received?

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  • #16
    Can't remember specific $ amount but it was a little over 5% a few times.

    In the places I have worked 5% is pretty much the year over year max in the same role.
    Last edited by AJ444; 12-25-2016, 05:05 PM.

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    • #17
      DH got only 3% raises without promotion or switching companies
      LivingAlmostLarge Blog

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      • #18
        I don't recall ever receiving any raise larger than $5k.

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        • #19
          Originally posted by rennigade View Post
          Im not where near that and only ever receive your standard 2%-3% increase each year. At best I do around $1500/year increase.

          What has your largest raise been? Exclude switching companies for higher pay or switching positions within same company. Just a straight up raise with same position...
          The best "raises" I received was from a company that was gave me about 7000 options when its stock was depressed. That option lot turned out to be $180k, which was higher than my salary at the time (and paid for a house we bought as my wife put it).

          The highest percentage raise while at the same company was a jump from $85k to $100k in 1999; I was planning to switch jobs but the old company matched my new job's salary offer. Turns out leaving the old company would have been the better choice $-wise due to stock gains of the new company.

          This thread reminds me that absolute salary payout isn't that significant in the overall compensation. The stock benefits cannot be ignored, it actually has been a very significant component of my total compensation.

          Salary to me is kind of like savings and investment, don't be clouded by the immediate gains of salary increase; instead, look for long-term strategic value. (I've learned my mistakes, so 'm leaving you with the above advice.)

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          • #20
            Originally posted by sv2007 View Post
            The best "raises" I received was from a company that was gave me about 7000 options when its stock was depressed. That option lot turned out to be $180k
            Wow that turned out well. This kind of reminds me of that artist david choe who painted graffiti at facebooks HQ before they went public. They offered him $60k in cash or .02% (i think) in facebook stock. He said he was always a gambler so he took the stock. That turned out to worth over $200 million after they went public.

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            • #21
              Originally posted by rennigade View Post
              Wow that turned out well. This kind of reminds me of that artist david choe who painted graffiti at facebooks HQ before they went public. They offered him $60k in cash or .02% (i think) in facebook stock. He said he was always a gambler so he took the stock. That turned out to worth over $200 million after they went public.
              Stock compensations is what pretty much how people we know buy houses. Median house price is > $1m, a dual-income family makes $300k in base. It's hard to even save a down payment without external $; and this is where options and RSUs comes in. NGCs don't appreciate this, but us veterans do because we've been thru many times.

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              • #22
                Originally posted by rennigade View Post
                This kind of reminds me of that artist david choe who painted graffiti at facebooks HQ before they went public. They offered him $60k in cash or .02% (i think) in facebook stock..
                Just an interesting thought:

                0.02% in a private, well-funded company, esp one that's hot, is a really, really good deal because not just anybody can even buy shares.

                Comapny compensations are usually translated to be equal in value at the time. Private company can be roughly "valued" at the last round of funding share price. So, at that time, FB's "valuation" was at $300m.

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                • #23
                  This year was my biggest. I was given a normal 5% increase to start with, but due to the salary law change that was coming, but is on hold now, they went ahead and bumped me into the exempt status. Amounted to a little over 15%.

                  I've gotten three raises in the 4 years here. 10%, 5%, 15%. Since we were bought out a few months ago, I have no idea of the bonus or salary increase for this year.
                  Everything happens for a reason. Sometimes that reason is you're stupid and make bad choices.

                  Current Occupation: Spending every dollar before I die

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