It appears that you're new here. If you like this content, subscribe to my feed via RSS or Email and you can keep up with all the new posts.If you aren't sure how to use an RSS feed, read this post.
Does where you live have an effect on your salary? According to CareerBuilder it does. Their research into salary changes from 2007 show that while inflation was around 4.1 percent (according to the Bureau of Labor Statistics), the average raise was only 3.4 percent. My raise last year was 3.9 percent and since inflation is running in the 5 to 6 percent range this year, I’m personally hoping to get a little better one this year.
How about you? What kind of raise are you anticipating this year? What do you base that on? Do you have any control (through performance bonuses) over how much you make?
In case you’re interested, here are the US cities with the fasted wage growth from 2007 going into 2008:
And here are the slowest wage growth cities:
The big question is: Are you willing to move in order to get a larger raise? I’ve moved to accept positions with more responsibility and pay before, but like I said in , I put myself in the position of having to take those positions because of crushing consumer debt.
Not any more. The next move I make will be because I want to.
Technorati Tags: careerbuilder, consumer, debt, decision, salary, statistics, raise
photo credit: bjornmeansbear
PF Buzz It!
|
Tip it!
|
Stumble It!
|
Print This Page for Future Reference
Leave your comment here:
Get Updates to The Wisdom Journal via RSS
Or, Get Updates by Email
Monster, Careerbuilder, and Hot Jobs letting your down? Either you can't find a job that meets your needs, or you find 12,594 and have to sift through them to find anything decent. Why not use your own concierge (a real human) to help you find your next job? Introducing RiseSmart.com - The Human-Powered Job Search Portal for $100K+ Jobs. A better way to use the Internet to find the job you've been looking for.
Can't find what you're looking for? Try searching here:
Online Phone Service
I have been VERY pleased with Skype . The quality of the call as well as the rate is outstanding. Give it a try! You won't regret it.
Great Coffee
My family and I have used Gevalia for years. They have fantastic coffees and if you sign up, you can get a really, really nice coffeemaker. I have a coffeemaker, two carafes, and a coffee storage container from them. Highly recommended!
Theme courtesy of Daily Blog Tips Themes
My StumbleUpon Page
Ron 's reply:
September 10th, 2008
A much more likely scenario is that companies are having to pay a premium to get people to live there. I know my company has had tremendous difficulties getting people to move to the areas affected by Katrina. Housing costs have skyrocketed because of increase insurance costs and code restrictions on re-building. Up until just recently, we were competing with burger joints for people because they were offering $12/hour plus signing bonuses.
Everything is affected by supply and demand. When supply is short, prices rise. When supply is plentiful, prices drop. When demand is low, prices drop. When demand is high, prices rise.
I was born and raised in Merced, CA (moved away for grad school)…and I’m wondering where that wage growth occurred! Mary’s comment about UCM attracting Deans, professors, and the like may be correct–but unless you’re moving to Merced to be part of that UCM employee network, I would bet money you will not experience a portion of that 5.7% wage growth.
Perhaps I am stating the obvious, but my point is that looking at the cost of living can be just as big (or greater) of a factor as the percentage of salary increases.