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.