[HN Gopher] What are your cost of living increases looking like ...
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       What are your cost of living increases looking like this year?
        
       With inflation soaring and the tech market roaring, I seem to have
       spontaneously been given a 10% hike (I only know so far because
       there is a precise 10% increase on my pay slip).  Want to know if
       that is in line with others.
        
       Author : throwaway194729
       Score  : 7 points
       Date   : 2021-07-29 21:25 UTC (1 hours ago)
        
       | JohnFen wrote:
       | I honestly don't remember what mine was, but I know it was less
       | than 10%.
        
       | giantg2 wrote:
       | Philly region here. I asked a friend who is a manager about this.
       | He laughed and said he doubts the company will do anything
       | different than normal. Normally we get merit increases (no COL
       | adjustments) from 2-4%. Could be as low as zero for a bad rating.
       | It could be as high as 6% for a high rating with a low salary.
        
       | andrewmcwatters wrote:
       | I'm hearing about roughly 13%+ increases in labor costs here in
       | the west region, for reference.
       | 
       | Recruiting costs have also gone up from 15% to as high as 25% of
       | base per resource.
       | 
       | The going rate for hourly labor was 150/hr per head, but I
       | haven't talked to my contacts yet to see if that's moved.
       | 
       | I would expect it to go to 175/hr, and premium rates to go to
       | 200/hr. These rates would also reflect changes from agencies, and
       | so should be in line.
       | 
       | Unrelated, but I was also hearing about a 25% increase in real
       | estate in Albuquerque, New Mexico rent.
       | 
       | In Arizona commercial real estate, contractors had back-to-back
       | single digit percent price hikes which I'm sure totaled double
       | digit increases for the year.
       | 
       | I'm seeing substantial inflation, and anticipate this year's real
       | inflation to be in the double digits, and not the 5% the BLS is
       | reporting.
        
       | PenguinCoder wrote:
       | Same COL as every year; 0% . Merit raises only , which are down
       | 'because of covid' . Funny how it works to always lower your pay
       | but a good year never actually increase your pay.
        
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       (page generated 2021-07-29 23:02 UTC)