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Message
A 3% raise these days is laughable
Posted on 1/16/24 at 3:54 pm
Posted on 1/16/24 at 3:54 pm
The wife was told that she is"very valuable" to the company and they are "pleased" to show this by giving her a 3% raise.
A 3% raise in this economy and inflation is essentially telling your employees that they are worth less this year than last year.
I guess she at least didn't get laid off like a few others at her place did. So, we've got that going for us.
A 3% raise in this economy and inflation is essentially telling your employees that they are worth less this year than last year.
I guess she at least didn't get laid off like a few others at her place did. So, we've got that going for us.
63
Posted on 1/16/24 at 3:55 pm to East Coast Band
Subtle we got a raise brag.
Posted on 1/16/24 at 3:56 pm to East Coast Band
I mean it beats a 0% raise
companies woudl go broke if they had to keep pace with inflation. Whatever bullshite 5% numbers the govt tells us is clearly made up fakery adn ACTUAL inflation was likely well over 20% back at the height in the last 12-20ish months. No company is going to give 20% raises to every employee just because.
quote:
A 3% raise in this economy and inflation is essentially telling your employees that they are worth less this year than last year
companies woudl go broke if they had to keep pace with inflation. Whatever bullshite 5% numbers the govt tells us is clearly made up fakery adn ACTUAL inflation was likely well over 20% back at the height in the last 12-20ish months. No company is going to give 20% raises to every employee just because.
This post was edited on 1/16/24 at 3:57 pm
Posted on 1/16/24 at 3:56 pm to East Coast Band
At least she got something.
Posted on 1/16/24 at 3:56 pm to East Coast Band
Paying 3% raises on top of all the other bullshite is gutting small businesses, guy.
Posted on 1/16/24 at 3:56 pm to East Coast Band
quote:
A 3% raise in this economy and inflation is essentially telling your employees that they are worth less this year than last year.
A company isn’t obligated to give raises at all.
It’s all situationally dependent.
Employers don’t control inflation.
This post was edited on 1/16/24 at 3:58 pm
Posted on 1/16/24 at 3:56 pm to East Coast Band
They'd pay more but your wife doesn't look like your avatar.
Posted on 1/16/24 at 3:57 pm to East Coast Band
At least you know she's not banging her boss
Posted on 1/16/24 at 3:57 pm to East Coast Band
The only way you’ll get a raise that matches the inflation spike is to change jobs.
High probability she’s working at a place where new hires come in significantly higher than her.
High probability she’s working at a place where new hires come in significantly higher than her.
Posted on 1/16/24 at 3:59 pm to East Coast Band
My wife has never gotten a raise. Can't convince her to quit.
Posted on 1/16/24 at 4:00 pm to East Coast Band
quote:
I guess she at least didn't get laid off like a few others at her place did
I feel like this is a pretty important caveat
Posted on 1/16/24 at 4:00 pm to East Coast Band
So if they gave her 3% on a year with lower inflation, would she offer to give the difference back?
You can't get what you don't ask for
You can't get what you don't ask for
Posted on 1/16/24 at 4:00 pm to East Coast Band
Better than nothing. But in the environment we’ve had the last couple of years, that’s not keeping up with the cost of living.
Posted on 1/16/24 at 4:04 pm to East Coast Band
Will she make 1 million by the time shes 50?
Posted on 1/16/24 at 4:06 pm to East Coast Band
All I’ve ever gotten without a promotion of some kind was 3-4%. That 3% is a better raise now than it was 20years ago.
If you want big pay raises, you likely need to job hop a few times.
If you want big pay raises, you likely need to job hop a few times.
This post was edited on 1/16/24 at 4:12 pm
Posted on 1/16/24 at 4:06 pm to East Coast Band
If a company gave me just a 3 percent raise yearly, I’d blackmail them for a higher raise
This post was edited on 1/16/24 at 4:07 pm
Posted on 1/16/24 at 4:09 pm to East Coast Band
Recruitment allocation is higher than retention. I got fortunate off of someone else's misfortune this past year. I had to do his job and my own for 2 months and was able to parlay that into a 12% raise. I think the younger people are right in leaving a place every 3-5 years for more pay or upward mobility.
Posted on 1/16/24 at 4:09 pm to East Coast Band
It's going to be interesting to see how companies, businesses, contractors, etc. continue to turn a profit when larger portions of their potential customers get laid off in favor of automation, AI or indentured foreign labor or their salaries are slowly eaten away by inflation.
Seems like a long descent towards ruin.
Seems like a long descent towards ruin.
Posted on 1/16/24 at 4:11 pm to East Coast Band
quote:
The wife was told that she is"very valuable" to the company and they are "pleased" to show this by giving her a 3% raise.
Yeah, eff that. Wife got a 15% raise in July and another 5% on top of that in December. And her December bonus was the second biggest one she's gotten there in 12 years. That's closer to being appreciated.
Posted on 1/16/24 at 4:11 pm to East Coast Band
Wah im a millennial and Starbucks keeps raising the price of adult milkshakes and avocado toast! 3% isn’t enough!
Back in the Great Depression us boomers tightened down our belts. I guess you millenials don’t know about belts since I see all yall wearing sagging pants
Back in the Great Depression us boomers tightened down our belts. I guess you millenials don’t know about belts since I see all yall wearing sagging pants
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