Money And Investing  -

24% Pay Increase

26 04 06 15 22

-------- Finally

That is what my compensation package (Base + Commission Goal) increased on Monday. As a veteran in my company of 9 years I have to pay special attention to the salaries given to people with my skill set: otherwise I run the risk of falling behind on salaries.

You see, companies like to give the minimum salary increase necessary to avoid you leaving. Usually that means the dreaded 4% increase. I had suffered my share of those, but thanks to some smart self-marketing of the hard work I offer, I have been able to get a few increases over the year that bring me back in line with the market.

This year, however, there is a shortage for skilled technology workers of my experience. I took advantage of it to find out about fast growing companies where I could continue my career. I did have three offers from companies where I would have enjoyed working. However, my current employer decided to make a bold statement:

They decided to increase my compensation package by 24%.

This ought to keep me focused on doing a good work and the increased compensation will help me keep funding my early retirement accounts.

I am happy! I can now concentrate on working hard.

I discuss some of the job hunting and salary negotiation tips on a side blog: Find New Job.