With inflation soaring and the tech market roaring, I seem to have spontaneously been given a 10% hike (I only know so far because there is a precise 10% increase on my pay slip).<p>Want to know if that is in line with others.
I’m hearing about roughly 13%+ increases in labor costs here in the west region, for reference.<p>Recruiting costs have also gone up from 15% to as high as 25% of base per resource.<p>The going rate for hourly labor was 150/hr per head, but I haven’t talked to my contacts yet to see if that’s moved.<p>I would expect it to go to 175/hr, and premium rates to go to 200/hr. These rates would also reflect changes from agencies, and so should be in line.<p>Unrelated, but I was also hearing about a 25% increase in real estate in Albuquerque, New Mexico rent.<p>In Arizona commercial real estate, contractors had back-to-back single digit percent price hikes which I’m sure totaled double digit increases for the year.<p>I’m seeing substantial inflation, and anticipate this year’s real inflation to be in the double digits, and not the 5% the BLS is reporting.
Philly region here. I asked a friend who is a manager about this. He laughed and said he doubts the company will do anything different than normal. Normally we get merit increases (no COL adjustments) from 2-4%. Could be as low as zero for a bad rating. It could be as high as 6% for a high rating with a low salary.
Same COL as every year; 0% . Merit raises only , which are down 'because of covid' . Funny how it works to always lower your pay but a good year never actually increase your pay.
Gut feeling: 10-15%.<p>That shopping trolley gets emptier and more expensive by the week.<p><i>Some</i> items that I have actually noticed increase in price, have been around 20%. But that was likely <i>just because</i> the increase was a glaring example.
We got a 3% COL increase.<p>I went permanent WFH and that has been a gigantic reduction in expenses so we're doing pretty good now.<p>I haven't noticed inflationary effects in the stuff we buy. Food seems a bit more expensive but everything else we buy hasn't really jumped in price, or at least enough that made us notice it.
Way down (roughly 30-50%), moved to Romania (from Austria).<p>IT wages after taxes would likely be competitive too at my experience level and with possible tax exemption, but I'm retired.
Nope, just the usual raises in my company (2-4% ish). They did however give us a one time grant of some stock shares that will vest in a few years, though.