We are at that time of the year where folks are hoping to find out if they will get a raise this year, and if the rest of the year is any indication, it sounds like most people will be disappointed.
According to a survey by GoBankingRates, 70% of Americans didn’t get a pay raise in 2018. Interestingly, of those who did get raises, it seems more women got a bump than men, with 30% of women saying they got a raise and only 28% of men saying the same. While that may sound like a move in the right direction, the site notes it represents only a small step toward closing the gender wage gap, especially because men who did get raises likely got larger ones than women.
Overall, 30% of Americans did get raises thi s year, with the average raise about 23%. As for the main reasons folks got raises, 23% said it was because they accomplished or exceeded their goals in the year, while 17% got it for cost of living and 14% said it was because they had a great attitude or worked well with others.
And it’s definitely apparent that those who didn’t get raises aren’t happy about it. The poll finds that one in three people who didn’t receive a bump plan on looking for a new job in the new year.