EuroTitToss All American 4790 Posts user info edit post |
Also, I'm getting calls from recruiters offering me full time positions making less than I made during co-ops in school.
WTF, recession?
[Edited on March 4, 2010 at 6:55 AM. Reason : I R srs thread. do I belong in chit chat or lounge? YOU BE THE JUDGE]3/4/2010 6:52:08 AM |
jbtilley All American 12797 Posts user info edit post |
Don't worry. Minimum wage is likely to catch up quicker than the economy, so at least everyone will have that to look forward to. 3/4/2010 7:15:48 AM |
OmarBadu zidik 25071 Posts user info edit post |
both my wife and i are making more than we were before the recession - do people other than the gov't still use vb6? 3/4/2010 7:38:41 AM |
wolfpackgrrr All American 39759 Posts user info edit post |
Most jobs I've been looking at are claiming to pay 5-10k less than what I'm making currently 3/4/2010 7:49:05 AM |
Drovkin All American 8438 Posts user info edit post |
Supply is high Therefore the cost is driven down
Is that so hard to understand? 3/4/2010 8:06:21 AM |
cheerwhiner All American 8302 Posts user info edit post |
amen bro. bought to take a $10/hr job. sigh. will look for a part time job also that will pay I would imagine $8-$10 too.
Of course I cannot wait for another job. I don't have enough saved. Its my fault.
Sheesh a mid 20s guy saying his situation is his fault, on t-dub?? 3/4/2010 8:13:30 AM |
BobbyDigital Thots and Prayers 41777 Posts user info edit post |
I got a significant promotion recently.
It came with a significant (net) pay cut.
Supposedly, this will be addressed in the next quarter. However, I have this sinking feeling that I'm going to be screwed badly.
3/4/2010 8:23:17 AM |
djeternal Bee Hugger 62661 Posts user info edit post |
I recently got a promotion and a $15k raise.
Some industries are recession proof.
But my GF on the other hand was unemployed for almost a year. Finally got a job with double the responsibility of her last job with half the pay. So I feel your pain.
[Edited on March 4, 2010 at 11:15 AM. Reason : a] 3/4/2010 11:14:19 AM |
qntmfred retired 40726 Posts user info edit post |
craigslist is full of undervalued payment offers. don't read too much into that. unless you're desperate, just ignore the low offers from recruiters too. 3/4/2010 11:22:50 AM |
Novicane All American 15416 Posts user info edit post |
I got a 20% raise this year. I started off at 33k, now im at almost 40k.
I think you have to take a bad job offer and hope for the best sometimes. 3/4/2010 11:28:58 AM |
djeternal Bee Hugger 62661 Posts user info edit post |
^^ yeah, the staffing industry is REALLY hurting right now. Mainly because companies are cutting back on spending, and it is way cheaper for them to hire someone themselves rather than go through a staffing agency. So any offer you get from a staffing agency or outside recruiter is almost guarnateed to be a lowball in the current state of our economy. 3/4/2010 11:31:29 AM |
TKE-Teg All American 43410 Posts user info edit post |
My company has had a salary freeze in place for over a year, despite our branch office exceeding its goals every quarter to date. Not even cost of living increase adjustments.
Really sucks 3/4/2010 11:32:37 AM |
cheerwhiner All American 8302 Posts user info edit post |
GOOD news
I got the job
and the $10/hr is only training pay. Phew. Realistically more like $16/hr which will be fine for a while. 3/4/2010 11:43:42 AM |
Slave Famous Become Wrath 34079 Posts user info edit post |
We're commission, so its still kill what you eat
But I've done much better since the economy tanked
Which is ironic considering that people tend to be more conservative with their investments in times of trouble 3/4/2010 11:43:58 AM |
Lokken All American 13361 Posts user info edit post |
I too have been fortunate enough to improve my income substantially in the recession.
Whats funny, in relation to the OP, is that I'm now at 40+ an hour, and I am now going to have to learn some VB 3/4/2010 11:56:02 AM |
CalledToArms All American 22025 Posts user info edit post |
worldwide our cost of living increases were frozen last year. Kind of got lucky that I got a title change/upgrade last year because, although I was hoping to get the bump from both, one was better than none. COL increases were reinstated this year effective next paycheck though 3/4/2010 12:04:41 PM |
Golovko All American 27023 Posts user info edit post |
In the past year and a half I have gone from getting a 7% 'deferred pay' for almost a year, to going back up to my normal salary + the 7% back pay + an additional 5.5% raise.
I guess good things happen when the start up you work for gets acquired by a much larger company.
[Edited on March 4, 2010 at 12:09 PM. Reason : .] 3/4/2010 12:08:30 PM |
Smath74 All American 93278 Posts user info edit post |
I'm a teacher. The only raise i will get in the foreseeable future will be due to the completion of my masters. 3/4/2010 12:43:59 PM |
Stimwalt All American 15292 Posts user info edit post |
I, too, received a substantial increase in salary, improved work environment, better benefits, and better job during the worst recession since the great depression. Sometimes individual effort pays off despite a general downswing. 3/4/2010 1:28:47 PM |
qntmfred retired 40726 Posts user info edit post |
^ 3/4/2010 1:37:52 PM |
Golovko All American 27023 Posts user info edit post |
oh forgot all about the benefits...definitely improved benefits as well. 3/4/2010 1:49:28 PM |
Wadhead1 Duke is puke 20897 Posts user info edit post |
I ended up with about an 8% bump in salary after being unemployed for 6 months. 3/4/2010 1:51:47 PM |
se7entythree YOSHIYOSHI 17377 Posts user info edit post |
i got a promotion and a 25% salary increase. 3/4/2010 2:04:01 PM |
synapse play so hard 60939 Posts user info edit post |
Quote : | "Sometimes individual effort pays off despite a general downswing." |
yep, all the woe is me. i can't find a job because of the recession stuff doesn't do much good]3/4/2010 3:03:46 PM |
Wadhead1 Duke is puke 20897 Posts user info edit post |
I wouldn't go that far, I do know some good people unemployed currently and I might still be if I didn't have good connections. 3/4/2010 3:09:30 PM |
AntecK7 All American 7755 Posts user info edit post |
Just ask yourself, "Do you want fries with that?" 3/4/2010 3:48:56 PM |
Doss2k All American 18474 Posts user info edit post |
Well I got no raise this year for the first time since I have been here, but seeing as my salary doubled in the first 3 years I guess I cant complain too much. The fact that I have a job making a fair amount right now keeps me happy and feeling lucky. 3/4/2010 3:58:35 PM |
Chop All American 6271 Posts user info edit post |
my company had a 33% staff reduction and everyone left took a 5% paycut across the board last year. we've actually had a pretty strong 2010 (as compared to 2009, at least) but our sales are still down ~35% compared to "normal". in our first quarter meeting yesterday they basically said they aren't considering re-instating the 5% until they have confirmed evidence of sustained increased sales. so...paycut and no raises for at least another year i'm guessing.
[Edited on March 4, 2010 at 6:19 PM. Reason : .] 3/4/2010 6:18:35 PM |
AstralEngine All American 3864 Posts user info edit post |
^where do you work? I'm staying the hell out of there 3/4/2010 6:42:37 PM |
OMFGPlzDoMe All American 896 Posts user info edit post |
I start my new job on Tuesday with a $4k/ year increase and better benefits. Sometimes it's better to listen to your own voice than anyone elses. 3/4/2010 6:53:36 PM |
richthofen All American 15758 Posts user info edit post |
The funding dried up for the position I was in the first half of last year, and the job I took to replace it was a ~11% pay cut. (This was after taking a 1.5% pay cut along with all state employees in March). And that was the better of two offers. 3/4/2010 7:01:39 PM |
lafta All American 14880 Posts user info edit post |
yeah right now im considering taking far less than i used to earn just to get back to work 3/4/2010 11:40:06 PM |
Spar Veteran 205 Posts user info edit post |
Quote : | "I recently got a promotion and a $15k raise.
Some industries are recession proof.
But my GF on the other hand was unemployed for almost a year. Finally got a job with double the responsibility of her last job with half the pay. So I feel your pain.
[Edited on March 4, 2010 at 11:15 AM. Reason : a]" |
Pharma here (recession proof)
30% increase in the past 2 year3/4/2010 11:43:36 PM |
CalledToArms All American 22025 Posts user info edit post |
guess it depends on what relation you are to pharma Pharma / Biotech expansion slowed down to a grinding halt over the past two years. I work in Eng./Construction and that was our office's biggest money-maker for years and then it literally just went completely flat. Luckily we've had a lot of other stuff that has up-ticked during the recession (esp government work )
[Edited on March 5, 2010 at 8:02 AM. Reason : ] 3/5/2010 7:45:13 AM |
lafta All American 14880 Posts user info edit post |
is pharma obama proof? 3/5/2010 9:27:22 AM |
jethromoore All American 2529 Posts user info edit post |
pharma is not in the black if that is what you are referring to 3/5/2010 9:58:13 AM |
Madman All American 3412 Posts user info edit post |
despite this recession that is basically crippling peoples' lives, I got a 1200% raise, a 50% COL adjustment and a 120% bonus to top it. I didn't feel gratified enough so I came to this thread to brag about it 3/5/2010 10:00:09 AM |
lafta All American 14880 Posts user info edit post |
^what's your address? 3/5/2010 10:17:48 AM |
rflong All American 11472 Posts user info edit post |
I got a nice promotion last fall that included a small raise in my salary. Best part was that I got put on our bonus system which made it a big raise in my take home pay. New job is more stressful, but I am just glad to be working and making a good living. 3/5/2010 10:40:16 AM |
Spontaneous All American 27372 Posts user info edit post |
First World Problems. 3/5/2010 2:30:13 PM |
God All American 28747 Posts user info edit post |
I realize this thread is about salaries in the recession ....which I have no expertise in. Hear me out, maybe I can offer some insight. 3/5/2010 3:04:43 PM |
robster All American 3545 Posts user info edit post |
God has spoken 3/5/2010 4:13:45 PM |
Spar Veteran 205 Posts user info edit post |
Quote : | "is pharma obama proof?" |
Actually, if healthcare bill passes, it increases our customer base by millions.... far less than the concessions we've made to fill the donut hole in medicare.
Quote : | "guess it depends on what relation you are to pharma Pharma / Biotech expansion slowed down to a grinding halt over the past two years. " |
Depends on the particular pharma/biotech and the strength of their pipeline (patent expirations, etc).3/5/2010 6:39:32 PM |
Spontaneous All American 27372 Posts user info edit post |
Quote : | "I'm a teacher. The only raise i will get in the foreseeable future will be due to the completion of my masters." |
What a broken system.3/5/2010 6:58:06 PM |
CalledToArms All American 22025 Posts user info edit post |
^^ Yea I was talking in general as far as the type, but I am coming from the engineering/construction side. What I meant by the perspective is that, while you may be doing fine on the production and sales side, the expansion went from firing on all cylinders to barely there. Any type of pharma or biotech plant or client, you name it and we've built at least 1 probably. But it has been realllllllly slow the last 2 years in general. The economy didn't help and then a lot of the consolidation and X company buying Y company hurt too. Of the few that have come our way for bids, we have lost a lot at the bidding phase because we are generally just more expensive (but for good reason) and our competitors (who might not be as diversified) are just starving for work and bidding super low.
[Edited on March 7, 2010 at 12:12 AM. Reason : ] 3/7/2010 12:11:23 AM |
dharney All American 4445 Posts user info edit post |
ugh don't remind me i have to graduate within a year and this is not fun to look forward to 3/7/2010 1:55:19 PM |
ScHpEnXeL Suspended 32613 Posts user info edit post |
Quote : | "I too have been fortunate enough to improve my income substantially in the recession. " |
3/7/2010 1:59:35 PM |
e36turbo Veteran 141 Posts user info edit post |
Is a 50k position as an entry level mech. engineer a decent salary for Raleigh? I was just offered a position for that.
Internet salary searches are....spotty. 3/7/2010 3:32:45 PM |
confusi0n All American 5076 Posts user info edit post |
yes, take it 3/7/2010 3:37:07 PM |
e36turbo Veteran 141 Posts user info edit post |
weeeeeeeeeee 3/7/2010 3:44:47 PM |