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Message
re: Who else got a crappy raise this year?
Posted on 1/18/14 at 11:54 am to SmackoverHawg
Posted on 1/18/14 at 11:54 am to SmackoverHawg
quote:
I like performance bonuses over raises.
Hell no. Base is everything as your career progresses. I don't even consider variable in my pay because it is just that - VARIABLE. When planning any kind of finances or evaluating my overall compensation, I plan it on base salary and variable is just a nice addition/surprise.
Yet, I get a lot of variable.
Posted on 1/18/14 at 12:00 pm to lynxcat
quote:
Hell no. Base is everything as your career progresses. I don't even consider variable in my pay because it is just that - VARIABLE. When planning any kind of finances or evaluating my overall compensation, I plan it on base salary and variable is just a nice addition/surprise.
Keep you from over spending.
Posted on 1/18/14 at 12:04 pm to SmackoverHawg
Base is guaranteed and I like that. There is no commission in my line of work so the variable is based on things totally outside of my control (even ratings to an extent).
Posted on 1/18/14 at 12:23 pm to lynxcat
Lynx, you are in the consulting branch of one of the big 4 correct? If so I know what you mean. Everyone at my level in the firm was rated a 3 regardless of performance. It really was BS since not everyone performed at the same level. A few were just abysmal performers and received the same compensation as I did. It really left a bad taste in my mouth.
Posted on 1/18/14 at 12:52 pm to Neil Caffrey
I work for a state university and haven't had one since 2007.
If companies aren't fighting for workers, they aren't giving raises, beyond a modest amount just to be respectful and keep morale from cratering. They just aren't sharing profits with workers, other than than themselves (top management) in this day of Wall Street and Stock prices.
If companies aren't fighting for workers, they aren't giving raises, beyond a modest amount just to be respectful and keep morale from cratering. They just aren't sharing profits with workers, other than than themselves (top management) in this day of Wall Street and Stock prices.
This post was edited on 1/18/14 at 12:53 pm
Posted on 1/18/14 at 1:40 pm to Overbrook
That's quite the sweeping generalization. US median household income(inflation adjusted) has been trending upward for the last 30 years and is up over $2,000 just between 2011-2013. It's easy to blame Wall St and CEOs, but maybe you should take a look at the goverment who has one of the highest corporate tax rates in the world, the same one that hasn't given you a raise since 2007.
Posted on 1/18/14 at 4:11 pm to Chris Farley
quote:
Chris Farley
Boom
Posted on 1/18/14 at 4:56 pm to Neil Caffrey
Last year I got .5 but that was after a 30% raise earlier in the year
Posted on 1/18/14 at 6:31 pm to CE Tiger
quote:
best raise you will ever get is when you leave that company and get a new job
Yep. I got a 2-3% raise last year. Company knew I was worth a lot more to them than that, but they thought they had leverage because I was already at the top end of the pay range for my level.
They knew my skill set in my area of expertise is worth a lot more, but figured since I was already getting top dollar for my general position (not counting my strong niche skills within the general position), that they were safe with the small raise.
Didn't turn out so well because someone else was willing to pay 30% more for an expert in the niche part of my field I specialize in.
Biggest raise is almost always when you change jobs. Current employers always want to keep you for as little as possible and it is often too late for them to counteroffer when they do that. The ship can sail fast.
Posted on 1/18/14 at 7:14 pm to Neil Caffrey
quote:Did the company do 2-3% better?
Employer not very generous with the raises this year, most people i've talked to got 2-3%.
Did you?
If the answer to both is "yes," then you are correct; your employer is not very generous.
All too often, the answer to both is not "yes".
Posted on 1/18/14 at 10:14 pm to Beerinthepocket
quote:
Lynx, you are in the consulting branch of one of the big 4 correct? If so I know what you mean. Everyone at my level in the firm was rated a 3 regardless of performance. It really was BS since not everyone performed at the same level. A few were just abysmal performers and received the same compensation as I did. It really left a bad taste in my mouth.
You must be in audit or some of the internal audit/risk advisory lines. They wreak of these policies. Tax gets a little differentiation at times based on utilization.
Pushing everyone into the middle ranking is total BS. The lack of meritocracy is one of the worst things about the B4.
Posted on 1/18/14 at 10:17 pm to Tiger n Miami AU83
quote:
Biggest raise is almost always when you change jobs. Current employers always want to keep you for as little as possible and it is often too late for them to counteroffer when they do that. The ship can sail fast
Fact. I have seen people hold the current employer to the fire with an offer in hand, but I just don't want to live my life that way. Trying to force my employer's hand by figuratively holding them at gun point is just not the way to do it in professional services (unless you are a rainmaker). There are too many political hurdles to make that play...unless it is a rare set of circumstances.
Getting a 20% raise by flipping to another Firm would be awesome, but you have to take into account all of the relationships, processes, etc that you have to relearn. To me, that is a gigantic thing to overcome even though jumping is fairly easy.
Posted on 1/18/14 at 10:32 pm to lynxcat
Odd that I've had two people take substantial pay decreases to work for me this year alone. Of course, with performance bonuses they stand to make more. Both are exceeding their prior income. Go-getters seem to want performance based pay and slack asses seem to prefer fixed higher salaries. I have no problem paying more for good work.
Posted on 1/18/14 at 11:09 pm to SmackoverHawg
must suck to not be in control of your salary huh?
i guess most people are too dumb to work for themselves.... tisk tisk
i guess most people are too dumb to work for themselves.... tisk tisk
Posted on 1/18/14 at 11:17 pm to Neil Caffrey
Are you talking COL raises or performance raises? I got a 15% performance raise this year. No one has received a COL raise. We are a small consulting company and give out huge bonuses based on company profits and earnings goals. Dwarfs col raises but you can't count on them. Performance based raises are given when they are earned.. some may never get a raise based on performance.
Outside of the engineering, government and O&G for the most part, COL raises are not being given out as much from what I have seen while consulting for many different types of companies all over the US & Canada. Most companies are moving to a bonus structure and performance based incentives.
Outside of the engineering, government and O&G for the most part, COL raises are not being given out as much from what I have seen while consulting for many different types of companies all over the US & Canada. Most companies are moving to a bonus structure and performance based incentives.
Posted on 1/20/14 at 10:11 am to lynxcat
Yeah, totally agree making the move is a total pain in the arse and requires working harder for 6-12 months.
New relationships, co-workers, re-establishing yourself, etc. All stressful.
Personally I loved the people I worked with at my old job. Really did not want to leave.
But the raise was too much to ignore in my case and I also do not believe in trying to get a current employer to match a huge raise when it is a big company with a shitload of levels to go through. You're immediate boss might be willing too, but he or she has to make the case for multiple levels above them and a lot of back and forth. Meanwhile it insults the new potential employer as well.
New relationships, co-workers, re-establishing yourself, etc. All stressful.
Personally I loved the people I worked with at my old job. Really did not want to leave.
But the raise was too much to ignore in my case and I also do not believe in trying to get a current employer to match a huge raise when it is a big company with a shitload of levels to go through. You're immediate boss might be willing too, but he or she has to make the case for multiple levels above them and a lot of back and forth. Meanwhile it insults the new potential employer as well.
Posted on 1/20/14 at 11:17 am to NC_Tigah
quote:
Did the company do 2-3% better?
Did you?
If the answer to both is "yes," then you are correct; your employer is not very generous.
All too often, the answer to both is not "yes".
The company as a whole did well in 2013 showing strong growth and higher than anticipated earnings. However, the company is divided into multiple divisions, and my division as a whole did not perform well in 2013, even though our local New Orleans office did! Therefore, it becomes a little more complicated as to weather or not employees in our local office deserve a raise.
I consider myself a very hard worker, and according to my supervisor, all of my superiors have had nothing but great things to say about me. In the past I have received biannual raises of 5%. This year, however was not even close to previous years.
Seems to me like the company allocates a certain amount of money to our local office to distribute to employees for raises. It also seems like its up to the supervisors of each discipline to allocate raises how they wish. And thus far, based on everyone I've talked to, we all get about the same percentage raise regardless of performance.
Have never heard of anyone in the company receiving a bonus either. Project Managers may receive bonuses; and if they do then its really hush hush.
Just doesnt seem like a very good structure to me. I would love for the company to reward the hard working employees with a bonus. I wouldn't be having this conversation if that were the case; I'd be content because I'd be getting what i deserve.
Posted on 1/20/14 at 1:47 pm to Neil Caffrey
So for the past couple of years you have received 5% raises twice a year? Then they come back and give you 2-3% at the start of this year?
Maybe you will be getting another bump later this year.
Only way to know if you are getting paid fairly would be to drop a resume with a few firms and see if anyone bites.
Good Luck
Maybe you will be getting another bump later this year.
Only way to know if you are getting paid fairly would be to drop a resume with a few firms and see if anyone bites.
Good Luck
Posted on 1/21/14 at 6:07 am to Kerndog
I received a mid year raise at 13%. I was also just promoted. I receive a 23% raise effective February 1. Performance bonuses should be coming around mid-February. I assume I will get that as well since my performance was deemed worthy enough for a promotion.
Posted on 1/21/14 at 10:50 am to Neil Caffrey
We get ours in March and am expecting nothing. The last 10 years have been very small raises, unlike our previous Company before the big boy bought us out. 
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