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Pay Increase Details

This article was written by in Salaries. 6 comments.

I mentioned in the notes for my latest balance sheet that I’ve received my yearly raise and bonus. Here are some details.

My bonus appears in today’s paycheck. My “2005 Annual Incentive Award” amounts to $2,848, or 7.18% of my 2005 base salary. Note than I am a “non-exempt” employee and I get paid for overtime in addition to the salary and bonus. In 2005, I earned over $6,000 for working overtime.

My raise, which is activated for the next pay period, leaves a little to be desired. My base pay is increasing by $1,100, or 2.77%. It’s the lowest raise I’ve received at this company despite 2005 being my “best year.” Supposedly all raises and bonuses are low this year in anticipation of a new company stock purchase plan which will be offered to all employees sometime later.

Thankfully, my day job is not my only source of income.

Published or updated March 3, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

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{ 3 comments… read them below or add one }

avatar FMF

It’s not the end of the world. Wait until the stock plan comes out to see where you fall.

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avatar justanotherblogger

Just curious, what exactly do you do?

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avatar Tim

I like to hear that your day job is not your only source of income! That’s great and it’s something I think most people don’t really think about. Great blog, I come by quite often.

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