Hi
What is an average amount of increase in doller terms that one could expect to get for a job change?
T
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"The grass is not, in fact, always greener on the other side of the fence. Fences have nothing to do with it. The grass is greenest where it is watered. When crossing over fences, carry water with you and tend the grass wherever you may be"
Location: God's own country
Posted on: 18-07-08 09:20:52
Timon,
That is a very general post and with out your background, it is impossible to give you a correct answer.
In many cases, if the new job is closer to you home and offers bigger prospects, you may be even comfortable with the same salary.
What I would do is to calculate all these factors, along with your perks/ increases in your current company and then ask for a higher %.
For example, in many IT firms you would normally get a 3% increase in your salary yearly + bonus etc...
So in a new firm I would probably expect the same benefits as you are getting now and opt for atleast 5-10% increase in the basic salary. All this is if you are well settled in your job (say 5 years +) and want the change.
Otherwise for low paying jobs / stay in the company for 2 years or less, the next change would be and should be atleast 25% above your current salary + perks.
In my case, since I had been getting a very low salary, my salary increases had been around 10% a year and I am actually ready to take even a low salary than what I am getting it is helps me to be well rounded in my profession.
Hope this helps.
TK A
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I am a Gents and not a Ladies.
Location: Greater Toronto Arena
Posted on: 18-07-08 11:24:02
Quote:
Originally posted by Timon
Hi
What is an average amount of increase in doller terms that one could expect to get for a job change?
T
i typically get additional 30 to 40% ....
i'd 'settle' for 25% if the job had something i really really wanted ....
thanks.
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happily holi day!
Quote:
i typically get additional 30 to 40% ....
i'd 'settle' for 25% if the job had something i really really wanted ....
thanks.
What do you do? Sell drugs?
That is unheard of in my 10 years of IT experience. 10-12% is the max range I am familiar with...maybe its just me after all
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If you have a gun, you can rob a bank.
If you have a bank, you can rob everyone.
- Bill Maher
When I changed my last job and got the present one, I got 37% raise from my previous employer. Just to clarify that I am into IT. About 10 years experience, out of which 2.5 years in Canada.
Also, it's hard for me to leave a well settled job for a meagre 10%. Instead, I would rather like to stay in for another 2-3 years and increase my marketability. Heard about - stability? It looks good on resume that you have worked for an employer for about 3-4 years instead of just 1-2 years. Prolonged working with one employer also increase your chances for a better salary hike with your new employer.
This is my opinion based upon my 11 years of professional experience.
Location: Western Hemisphere
Posted on: 18-07-08 13:54:56
I agree with febpreet on the stability. A 10% raise at a new employer is not worth the hidden benefits you might have earned at your current employer. For example, after several years at the same employer, you are well known and hopefully have earned a good reputation.
Another way to boost your income beyond the 3 or so percent annually is to switch jobs internally if your employer is fairly big/global. My employer has a mechanism to encourage people to move every 24 months. I have switched internally three times in 7 years resulting in a 55% increase from start to now.
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Dimple2001
changing job back and forth is not good on your resume. It shows no stability
