Anything less than 10% a year, I switch jobs. The switch then brings a bigger raise.
This is what I did anyway, now the job market is so shitty I’d be willing to stick out an extra year or 2 at an otherwise great employer even if the raise is not enough. Gives you a different kind of bump for the next switch because now you’re no longer an annual job hopper, you might stick around for 3-4. Gives you a bit of edge in the eyes of at least some bosses.
If your wages don’t go up with at least the rate of inflation, there’s an effective paycut every year
Anything less than 10% a year, I switch jobs. The switch then brings a bigger raise.
This is what I did anyway, now the job market is so shitty I’d be willing to stick out an extra year or 2 at an otherwise great employer even if the raise is not enough. Gives you a different kind of bump for the next switch because now you’re no longer an annual job hopper, you might stick around for 3-4. Gives you a bit of edge in the eyes of at least some bosses.
Yes, this an important point as well that I forgot to mention