Project Manager, Information Technology (IT) Hourly Rate

Since the company is usually compensated a fixed amount based on current contract terms, raises are not common because they cut into company profit margins. The best you can hope for is to grab the full amount your contract rate increases per year if such terms are built into your contract. The best chance for a pay raise is to identify another company in need and change companies to work for them. This is especially true if the other company was just awarded the contract and does not yet hav...

Most major corporations do not negotiate pay raises. The CFO sets the limit and that is final. Even though you may be at median range and have outstanding evaluations year after year, do not expect a raise because the coporate greed will not allow it to happen. The best negotiation you can expect for a corporation is "our way or the highway".

Companies do not use a source of payscale range that can be verified by employees. In most cases the delta between what is found in the real world versus what major companies say it is, in actuallity is 25-30% lower in major companies than the real world. Many major corporations stop pay scale raises once you are at the median range. My advice is make dure that you have your payscale range along with yearly updates in your hiring contract. If you don't you find yourself at the median range w...