Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Is Getting a Ten Percent Raise Unrealistic?

Expert Advice March 12, 2013

Question: If I work as an auditor or accountant, what can I expect my annual raises to be? Is the average around four to five percent? Would it be unrealistic, if I expect a ten percent raise?

Answers: Typically, during the summer of the prior year, companies will determine their merit budgets for the coming year. Merit increase will be determined by the organization and their ability to pay. Due to the current economic issues, several companies have elected to not give merit increases this year because they simply cannot afford to.

During the last four years, the annual median merit increase was around four to five percent, so it will be unrealistic to expect a ten percent raise. Generally, a raise as high as ten percent are reserved for those whose income is not competitive with the market. As part of a promotional increase, companies could give an employee a merit increase. Or, employees may expect a ten percent increase if they have completed an outstanding job within the past year and the organization would like to compensate them for their excellent work.

Best of Luck!

EducationCareerArticles Team

Showing schools in your area

Matching School Ads
  • Don't let another year go by without earning your degree!
  • Education Connection is here to help you find the right program—and we do it for FREE.
  • We match you with online, on campus, and hybrid degree programs in your field of interest
  • Take the first step by answering some quick questions about your goals.
  • Get matched to online degree programs today and don’t stay stuck for all of 2018, too!
  • Online Courses

Showing schools in your area

Matching School Ads
  • Don't let another year go by without earning your degree!
  • Education Connection is here to help you find the right program—and we do it for FREE.
  • We match you with online, on campus, and hybrid degree programs in your field of interest
  • Take the first step by answering some quick questions about your goals.
  • Get matched to online degree programs today and don’t stay stuck for all of 2018, too!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!