raise

For many office workers, the end of the year means annual review time, and if you're lucky, a raise. For most folks, these raises will be in the low single-digit percentages, usually between 1 and 3%. When you first do the math, it's hard to get excited about such a nominal increase. In fact, in my experience, many workers become angry and disappointed over such a "small" raise after an annual review. But once you step back, take a deep breath, and become grateful for what you have, you will see that this money can make a difference in your life. If you're making $50,000 a year and get a 3% raise, you're looking at around $40 more in your pocket per check. Are you getting rich, no. But if you have a plan to spend this new found money, you can help advance your career and put your finances in better order. Here are a few ways Jobacle recommends spending your raise after your annual review. … [Read more...] about Annual Review: Why You Should Be Happy With a 2.5% Pay Raise