There are several primary factors that affect salary settings for new candidates:
- the job's relative position in the corporate hierarchy
- the market rate for the position
- the candidate's present salary
- the department's budget.
Typically for a position of the same level as your current job, you may be offered a 10 to 20 percent salary increase in a new company.
The increase may be even greater if the new position involves more responsibilities.
The problem you may encounter if you have been with the same company for a lengthy period of time is that you salary has not kept
up with a market.
For engineers an annual raise is typically between 2 to 5%, depending on how well your company is doing.
Your rating reflects your performance relative to your peers and relative to expectations.
It is usually a scale like the following:
1 - superior,consistently exceeds expectations
2 - Meets or sometimes exceeds expectations
3 - Meets expectations
4 - Needs improvement
5 - Unsatisfactory
Obviously, your goal is to be rated as a 1 or a 2.
Managers, on the other side, are instructed to rate their employees according to a specific distribution to prevent them from giving all their employees a 1.
After all, based on the rating that you get from your manager the HR assignes you a salary raise.
Sometimes a manager gives 3 to everyone just to keep peace,
or he/she wants to promote you and gives you higher rating but can't get authorization from upper management.
How to find out the current market rate? Ask your HR, do a research.
If you think you deserve more - start updating your resume.
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