Rule of thumb???

Have you ever heard of this rule of thumb regarding salary/pay increases. I've been taught the rule of thumb is a 10-15% increase for a new hire. For example: if a candidate's making $100K base. A company will offer (hopefully) $110-$115K base. Where did this "rule of thumb" come from?

Edward Piontek
Pulse Jobs LLC

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Permalink Reply by Heather Clarke on January 14, 2011 at 12:01pm

Hi Edward

 

I was taught that rule of thumb 16 years ago as a tool to manage candidates expectations though don't know its source.  I still advise aspirational applicants that salaries are normally reflective of skills and experience and that purely by moving role they can't expect more than a 10-15% rise in remuneration.  There are always exceptions to rules though!  I measure salaries with £ rather than $ so its interesting we both have the same folk law. 

 

Heather

 

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