I can speak from both sides of my mouth because I used to be an employee and now I am an employer. As an employer, I value our engineers getting their PE and we promote them and help them in the following ways because we value the PE and the increased level of responsibility that comes with it:
a. Pay for their application
b. Pay for them to take refresher courses
c. Pay for their time to sit to take the exam and in many cases, a day or two before the exam so that they can be better prepared.
d. Pay for the license fee (annual or biannual)
e. Pay for them to join NSPE and local/state professional organization
f. Buy and pay for test and reference material and keep it in library
g. Most important, reward the passing of the exam with a raise. The raise is driven by many factors such as current market, what other companies pay and the fee structure of the company and the level of experience the engineer brings to the table.
I cringe at the idea because an engineer who just passed his PE, assuming 4 years of experience, feels like he will get an automatic 20% raise. I know companies out there does it and they can afford it. I have paid in the past non PE the same if not more because they are more valuable to my company than PEs. To me passing a PE exam only tells me that an engineer passed and exam. Being a PE is a whole lot more than that. It is all about responsibility, maturity, taking lead, being a leader and increasing the productivity and profitability of the company while lowering its risks and improving relations with clientele.
Yes we do give raises but no automatic that ranged from 10 to 20%. But all of it depends on the individual as I stated above. If an engineer does not get the recognition he deserves for passing and reaching this milestone, he should look for another position. I am strong proponent of licensing and promoting professional growth.
I also I must say that I am deeply disappointed with the quality of some of the engineers who are entering the market. I think Colleges are not preparing them properly. This makes training them for me as an employer more costly and slows down production and increased risk. I have heard fellow manager and firm owners making the statement that they do not like entry level because of my earlier statement plus they see it as if they are training fresh engineers for the next employer. This is truly sad but it is reality.
I thin any engineer who passes his PE is entitled for recognition (monetary and status wise). However, keep in min that you just got your PE and if you are anything like, I am still learning! Do not let it get to your head. I was humbled by one of the senior engineers that I worked with when I passed mine. He said how many year of PE experience do you have? I said I just passed it. He replied, this is exactly my point! Stay focused and things will happen naturally as you grow.
I hope my statements above are taken as my loud thoughts.