My expression when I heard the news!
I GOT A RAISE!!!
Omg, guys! Ok. Technically, it’s not a raise. It’s a “salary/equity adjustment”.
An equity adjustment is a permanent increase to the base salary that may be granted to an employee under certain circumstances, such as increased duties that do not warrant a reclassification or a significant salary lag to comparable internal positions or the local labor market.
It’s a little over 12%, but, combined with the yearly cost of living adjustment I got a couple of months ago, my base salary will be about 15% over what I was making last year. I. am. stunned! I didn’t think it was even possible. I’m still not ‘well paid’ for my industry by any stretch, but I’m at least juuust inside the edge of market rate now. Read More
I finally, FINALLY, found out my new compensation numbers today, after my promotion a couple of months ago. First, a bonus.
Year End Bonus: ~$4,300
I got a 2016 annual bonus! When it hits my account in a couple of weeks, this is where it will go:
Emergency Fund: $1000
Health Maintenance: $1750
- I expect doctor visits, diagnostic tests and treatments this year relating to some chronic health issues. I’ll be paying out of pocket (HDHP). I may also need some dental work this year. Hopefully this will be enough.
Opportunity Fund: $1250
- Most of this will be saved for gifts and travel to see relatives during the 2017 holidays. I didn’t get to see them during the holidays last year.
Checking Account: ~$300
- I’m not entirely decided about what I will do with any money that remains. I’ll likely keep it in my checking account to cover unexpected or annual charges.
2017 Salary Increase
Guys… (Sigh)… I tried. Read More
I know I can go a long time between posts. Before last week, I’d been super busy at work, in another crunch period working late evenings and weekends. Things have lightened up a bit for now, but there will be another crunch in December before the holidays.
Talk about timing! In one of my recent posts I talked about learning to appreciate my job. Well, I just Read More