Ask HN: How often do you expect a raise in salary?
I know it's tied to your performance, company, etc, but in general terms, if you're doing a normal decent job as a programmer in a software company. How often do you ask for a raise? how much of a raise do you expect?.
13 comments
[ 3.2 ms ] story [ 50.4 ms ] threadI think that that is fairly generous and keeps me from having to ask for a raise, at least for a few years. The raise I'm guaranteed for the 6 months over two years is 6%. After that, again, it's TBD, but even if it was 3% with profit sharing it's still a good raise.
A yearly raise is pretty standard, I'd say. This is the first time I've ever had anything but a yearly review/raise arrangement.
This goal of double digit annual increases quickly pushes you into the mindset that you fight for raises or leave. The inevitable job hopping will lead you, as it did me, into consulting. So unless you want to consult or change jobs often, shooting for 6-8% increase annually is probably as good as it will get.
Small but frequent raises are great for some, but it really depends on the person.
When I ran marketing teams, if they were too big I adjusted raises to be every 3 month along with a 3 month one to one chat, but if the team was small I went for 6 month raises and did team building lunches bi-weekly.
That being said it all depends on the person and company. If it's a startup that makes money and gives equity, profit sharing is a great way to substitute for continuous raises.
I'd rather accept inflation as a fact of life and waste no time thinking about performance reviews. Whatever trivial regular raises I might get through such a process will be inconsequential compared to whatever I can expect by finding a new job on a bigger project somewhere else.
If anything, I expect my salary to be decreasing.
The lower the salary, the higher the equity. Ideally I want my salary to be low enough that I'm self-funded. The mindset of wanting a high salary goes against the mindset of doing the kind of work you want to be doing.