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60% of Tech Workers Get a Raise Every Year

Tech companies have made major changes to their benefits and compensation plans in the last few decades, though the annual raise still remains.

The most common time to get a raise

About 60% of workers in tech say they get a raise every year, according to a July 11 reading of an ongoing query by Comparably. That was the most popular answer by a landslide: 17% of workers say they “never” get a raise, 13% say they get a raise every two years, 6% say they get a raise every three years or more, and 5% say they get a raise at least every six months.

The data comes from more than 10,000 workers in tech.

raise

Finance is in a sweet spot

Sixty-six percent of workers with finance jobs at technology companies said they get a raise every year — the most of any group. Workers in product, engineering, and HR were also most likely to say they get a yearly raise (65% for product and 64% for the others).

Finance:

finance

Product:

PROD

Engineering:

ENG

HR:

HR

Workers in executive roles and sales positions showed the lowest rates of getting a yearly raise:

Executive

exec

Sales

sales

Comparably

Comparably monitors the job market for the best Careers, Compensation, & Companies to make work more Rewarding & Transparent.

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