annual raise
Yearly pay increase
An annual raise is a yearly increase in salary or wages, typically granted by employers to account for inflation, reward performance, or retain employees.
Most workers expect an annual raise as part of standard compensation: I'm hoping for a decent annual raise this year.
The size varies widely—cost-of-living adjustments may be 2-3%, while merit-based raises can be significantly higher.
- salaryFixed periodic employment payment
- salary increaseHigher compensation rate
- pay bumpIncrease in compensation
- promotionRank increase or publicity
- meritDeserved praise-worthiness
performance · performance evaluation · review · cost-of-living · cost of living adjustment · paycheck · increment · compensation · pay grade · negotiation · percentage · evaluation · employer · wages · inflation · standard of living · appraisal · deserve
- pay raisessalary bump, wage hike
- job perkssalary, perks, pension plans, 401k, benefits
- pay changespay cut, wage increase, salary bump, pay bump, wage hike
- federal paybase pay, pay grade, pay grades, grade level, executive pay
- job securityjob security, job protection, job retention, permanent position, job stability
- suburbiasuburb, suburbs, suburbia, burbs, subdivision
annual raisepay cut
Reduction in earnings
salary reduction · demotion · pay freeze · salary freeze · wage stagnation
annual raisespot bonus
Instant performance-based payment
signing bonus · performance bonus · commission · windfall · bonus
annual raisetermination
Act of ending something
layoff · firing · dismissal · job loss · redundancy
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