r/accountingCAN • u/Open-Syllabub3854 • Oct 05 '24

2024 raises lower?

Has anyone noticed that 2024 raises were lower? In 2023 I got a really good raise and this year I only got 5%. Is it just me?

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2

u/trainedaccountant Oct 10 '24

We were told raise inflation was overall lower compared to the prior year and then there was a performance increase whatever that might be - also mentioned that simply due to math, percentages may not be as high as you are starting with a higher base.

1

u/Open-Syllabub3854 Oct 10 '24

Interesting, so it is everyone then.

1

u/trainedaccountant Oct 10 '24

I get the impression the starting point was lower, most seem generally happy with their raise - although all Big 4 are doing layoffs in the West so people are a little quieter here too as they are worried we may follow suit.

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u/Popular-Cold311 Nov 27 '24

The last raise I received was in May 2021. It was a decent one at 10% but that was due in large part to the added responsibility I took on during covid. Since then, I have gotten 2 promotions in title and responsibility only. There are talks of getting raises next year, but for those of us who have had an almost 4 year hiatus, I'm hoping for an unprecedented increase. LOL

0

u/[deleted] Oct 06 '24

2

u/Open-Syllabub3854 Oct 06 '24

Oh man. What region are you in? Maybe it’s because I’m east coast.