While many steer clear from the topic of salary negotiation, those who take the time to do the correct research and ask the right questions are often rewarded with both increased pay & satisfaction.
Where's my raise?
- Not all employees should expect their salary to keep place with 3.6% inflation. Expected raises in 2012: 1) Avg. performers - 2.7%; 2) High performance - 4.0%; 3) Low performers - 0.7%.
- Strategically time your request for a raise. Most raises are given out in January, June & July. This means you should plan your request in the weeks, or month, prior.
- Studies have found that both weight and height can have a significant impact on male and female annual income: 1) Women: 30 lbs. > avg. - -$13.847; Women: 30 lbs. < avg. +$15.572; 2) Men: 30 lbs. > avg. -
+$7.775; Men: 30 lbs. > avg. - -$8.436.
- 1 in 4 workers intend to quit their job within a year.
Income vs. job satisfaction
- Mean salaries measured against reported happiness: 1) Fast food cook ($18.540) - 34.4; 2) Maid ($21.150) - 31.7; 3) Janitor ($24.560) - 46.1; 4) Photographer ($35.980) - 63.9; 5) Firefighter ($47.730) - 90; 6)
Police officer ($55.620) - 53.6; 7) Writer ($65.960) - 61.8; 8) Biochemist ($86.580) - 41.7; 9) Pilot ($115.300) - 55.6; 10) Lawyer ($129.440) - 49.4; 11) Pediatrician ($165.720) - 80; 12) Chief executive ($173.350)
- 72.4; 13) Surgeon ($225.390) - 53.1.
- A Princeton study found that workers' happiness is only positively affected by higher incomes up to $75.000. No matter how much more is earned after this level, no greater degree of happiness is reported..
- A nest egg of about $1.7 million will yield an annual retirement income of $100.000.
- Google was fined a record $142.000 by rance for privacy violations. It takes only 2.5 minutes for Google to generate this amount of money.
- Always wanted to be an astronaut? Well, for $200.000, Virgin Galactic will happily make that happen! It takes less than 60 hours for Sir Richard Branson to earn that much money.
(c) 2011, Hopkinson Creative Media, LLC | Infographic by Shaun Sanders | Sources: http://www.bts.gov; cnbc.com/id/41272374; http://www.virginatlantic.com/booking; http://www.myplan.com/careers/top-
ten; http://www.tradingeconomics.com/united-states/inflation-cpi; http://www.incomediary.com/20-websites-making-the-most-money; http://www.investopedia.com/articles/retirement/05/050405.asp; http://www.time.com
/time/magazine/article/0.9171.20196628.00.html; http://www.nypost.com/p/news/national/thin_gals_fat_pay_ZPaeUmCHBcbbrCmEoqPjfl; http://www.bloomberg.com/news/2011-03-21/google-fined-by-french-privacy-
for-street-view-violations.html; http://www.shrm.org/hrdisciplines/compensation/Articles/Pages/MoreRaises.aspx; http://www.ragan.com/Main/Infographic_What_makes_employees_happy_43385.aspx.