Posts tagged with: getting a raise

New Job!!! (Kinda)

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If you’ve been reading my posts lately, you know that I’ve been hinting at some job changes coming up. For the past year and a half, I’ve had two jobs.  Job A: My full-time (in person) academic job. Job B: Adjunct teaching part-time online for a different place. It sounds reasonable, but my “part-time” job was like working the hours of another full-time job and I knew the schedule was unsustainable long-term.

I want to tell you all the crazy details (I swear there was about a 48-hour-period where I was absolutely freaking out) but it’s probably in my own best interest to be vague.

Long story short…I guess I kind of experienced a “bidding war”???? That makes me sound like a prostitute – like I’m selling myself to the highest bidder. And I hate for it to come across that way, when I know that’s not who I am. But…that’s what happened.

I was offered a job for significantly more than my current salary. But when I went to resign, I was offered significantly more than the other offer to stay. I’m talking, my salary increased by about $40k in a 48-hour period. On paper, anyway (the contract has been signed, but the salary doesn’t go into effect until this summer, after my current contract ends).

I can’t even believe it! I’ve known there were going to be some changes, but I had fully expected to be reporting to you about having an entirely NEW job. There are some aspects of my full-time job that will be changing (more responsibility, etc.), but I’m staying in my CURRENT job and will be saying goodbye to my part-time job, effective this summer. One of the conditions of my new salary was that I had to sign an agreement not to seek outside employment in my area for 3 years so I cannot legally stay at my part-time place. Overall, it was a great deal and I was happy to sign it (there was a lot more than just the increase in salary, too; The package was quite generous compared to comparable positions in different departments and universities).

Our household income will still be a little less this year than last year (this raise doesn’t fully make-up for what I’m losing in terms of my part-time income, though it’s close. But additionally, hubs’ business continues to ramp down so his income is way down). Even so, it is an exciting thing to have secured such a huge raise after only being in my current position for a year and a half! Frankly, this type of thing is unheard of in academia! But I feel like this is also the culmination of a significant amount of hard work coupled with a bit of dumb luck/being in the right place at the right time and having a specific skillset and expertise that is highly valued. I love my full-time job and couldn’t be more thrilled that I get to stay!

Have you had any good news on the job-front lately?


Happy Friday!!!

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Happy Friday, friends!

Just peeking in quickly today with some fun news…I got a raise!!! Wahoo!!!

My university is implementing institution-wide raises for ALL benefits-eligible employees as a way to try to address the compression that our university experienced during all the rough recession years and increase salaries to be competitive with other large research-1 universities. The mandatory raise was announced a few months ago, but the minimum raise figure was only $500/year. My department head has been working with our business manager to try to figure out the raises internally for my department. $500 is the mandated minimum, but my boss wanted to provide raises for everyone of much more than that (anything over and above the $500 minimum was performance-based).

It took some time for them to work through the details, but I just received notification that I’ll actually be receiving a 3% raise – significantly higher than the minimum $500 that was required.

SO YAY!!!

The raise doesn’t go into effect until September and, spread across the entire year, a 3% raise doesn’t come out to too much more per paycheck (and, turns out, is a pretty average sized annual raise according to here and here). But even so, I’m excited. It’s great to have only been there for one year and already be recognized for my contributions, receiving a salary boost commensurate with my performance.

That’s it for now. Just had to give you guys the fun Friday morning news! I hope you have a great day!

Do you receive annual raises? What (%) does your typical raise look like?


This Doesn’t Happen In Real Life!

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I have been having a particularly stressful day. Lots of “blah” stuff not worth going into.

And I open my email and see THIS in my inbox:

 

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Can I just reiterate how much I love working with “University A” (teaching based job)!!! Not only are they saying that I’m getting a raise (totally unheard of for adjunct faculty! Who’s even heard of this?!?), but they are retroactively dating it so that, even though I’ve already signed a contract agreement for the semester, they’re going to go ahead and start the raise effective immediately!!

I teach two classes, so this is a raise of $1,000 for the semester (approximately an extra $250/month). Not too shabby! If I continue teaching at a rate of 2 classes per semester (3 semesters: Fall, Summer, Spring), then this equates to an extra $3,000 per year. I’ll take it! : )

I needed this little ray of sunshine today!

Hope you’re all having a good Tuesday!

Seriously, though (I know many readers are in academia) – has anyone even heard of raises being given to adjuncts??? I’ve been teaching for 7 years (4 different institutions) and never once received a raise! This does not happen!!


Budgeting = Getting a Raise

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Disclaimer: I hate to always bring up Dave Ramsey because I feel like a broken record and I don’t agree with everything he says, but….

One thing I always hear from people who call the Dave Ramsey Show is that when they started budgeting they feel like they “got a raise.”

I never understood that. I’ve always had a general budget, but since I’ve really been strict about budgeting, if anything it has felt more like a restriction! It has certainly NOT felt like getting a raise! What are these people talking about?

Well….I get it now.

This month I had in my planner that I needed to go get a teeth cleaning. I searched around for Groupons (which I’ve always used in the past), but none were anywhere remotely near my area so I decided to just call the local offices and ask if they were having any specials for cleanings. I was in luck – the third place I called was having a special for a free, X-ray and exam, and only $39 for the cleaning (this is about the same rate as the Groupon deals I’ve always used in the past). So I snagged an appointment!

Then, I go to my budget spreadsheet I keep (its an excel file on my computer tracking budgeting and current debts), and at first I’m a little bummed. Even though $40 is a great deal for teeth cleaning, x-ray and check-up, its DOUBLE my monthly “personal maintenance” budget (budget is $20). BUT….then I realized I’ve been saving $50/month for dental and vision purchases (my annual vision exam comes up in August). For the first time, I didn’t feel inconvenienced by this purchase and I didn’t have to worry about busting my budget for a necessary health-related expense! I’m so glad I decided to set up my budgeting system in a way where I was putting a little money aside every month for these irregular expenses!

So, we’ll see what happens when I get to the dentist, because I haven’t been in almost a year and I was warned that if my teeth needed “periodontal” something-or-other it would cost more. I’m a little worried, but glad that (1) I took the time to call around and find a great deal, and (2) I actually have money for this expense!

It’s the first time that it really did kind of feel like I got a raise simply by budgeting smartly. Wahoo!

Do you set aside money for these types of “expected” irregular expenses? What expenses do you set aside money for?

I remember Adam one time having this conversation in regard to setting aside money throughout the year for Christmas, but I could also think of many such “expected but irregular” types of expenses that one could budget for in this way.