If you were following me on Twitter, you’d know that I got some more good news last week. My boss held a call for her far-flung team and announced the annual raise strategy for the company. Not surprisingly, there’s not going to be any COLA increase for people this year. Instead only the “highest-rated” analysts are getting raises.
I thought this counted me out because I was in the second highest category. Last year was my first year with the company and most people said it was hard to make the highest rank (A-grade) in the first year. So missing the high mark was expected. What I didn’t know is that by being in the B-grade, I am in is also included in the “highest-rated” ranks. So I’m feeling more than lucky now. I busted my chops last year so I am glad I’m being recognized.
I won’t find out the final amount of the raise till right before my paycheck comes. (That’s two more cycles, so sometime mid-July.)
Totaling everything up, I’m within spitting distance of breaking 6-figures this year. That’s the sum of two bonuses and a raise though. Either way it would be a nice milestone to hit. (Making 6-figures is a secret goal of mine.)
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That’s pret-ty spiffy! Did you decide what to do with the bonus?
I decided it’s going to pay off my credit cards. I have my spreadsheet worked out and I really could be down to my mortgage and HELOC by Thanksgiving if I am prudent. An all-cash Christmas might be kind of nice this year.
That’s great news — congrats! It’s so nice when hard work pays off.
Congrats! spitting distance….that’s practically there