In my 40’s and pretty similar experience. Raises are always 3-5%, with several years where they didn’t even meet that. Hell, I remember one year having manager take me out to lunch and explain to me that the company wasn’t doing any raises that year. The following year I had a new job at ~20% higher salary. And companies wonder why workers have no loyalty anymore. In the end, the only thing that has kept my salary rising faster than inflation is to job hop every 3-5 years. I’d rather not. Hell, I like the company I’m at now and they talk a fantastic game about building a long term career. We’ll see how that pans out come raise time.
I take any long-term pipe dreams with a grain of salt nowadays. I spent 3 years “just six more months” at a time because I believed the owner of the company. Never again.
In my 40’s and pretty similar experience. Raises are always 3-5%, with several years where they didn’t even meet that. Hell, I remember one year having manager take me out to lunch and explain to me that the company wasn’t doing any raises that year. The following year I had a new job at ~20% higher salary. And companies wonder why workers have no loyalty anymore. In the end, the only thing that has kept my salary rising faster than inflation is to job hop every 3-5 years. I’d rather not. Hell, I like the company I’m at now and they talk a fantastic game about building a long term career. We’ll see how that pans out come raise time.
I take any long-term pipe dreams with a grain of salt nowadays. I spent 3 years “just six more months” at a time because I believed the owner of the company. Never again.