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Started By
Message
re: A 3% raise these days is laughable
Posted on 1/16/24 at 8:38 pm to East Coast Band
Posted on 1/16/24 at 8:38 pm to East Coast Band
We get 3-4 % every year.
If I stay here for 30 years, I'm only 38, they're going to be paying me like close to $500K a year at retirement. I'm thinking I have a short run way. Don't know how this works...do you just cap out on raises at some point?
If I stay here for 30 years, I'm only 38, they're going to be paying me like close to $500K a year at retirement. I'm thinking I have a short run way. Don't know how this works...do you just cap out on raises at some point?
This post was edited on 1/16/24 at 8:39 pm
1
Posted on 1/16/24 at 8:38 pm to East Coast Band
If and when inflation goes down, does the employee subtract money? No… raises aren’t dependent on economic conditions.
Posted on 1/16/24 at 8:38 pm to biglego
quote:
I feel like this is a pretty important caveat
Yep, just buried it so he could complain.
Posted on 1/16/24 at 8:49 pm to East Coast Band
Sounds like you and your wife are 2 very ungrateful people
Posted on 1/16/24 at 9:10 pm to DiamondDog
quote:
do you just cap out on raises at some point?
There is likely a pay band and once you hit the top of the band no more raises. They could throw in a bonus but your salary won’t grow.
Also, not all 3% raises are made equal. Big difference with a 3% raise on $60K vs $160K.
This post was edited on 1/16/24 at 9:12 pm
Posted on 1/16/24 at 9:16 pm to East Coast Band
Ok, here’s a 10% raise. Now say goodbye to 30-40% of your fellow workforce. Would you make the cut?
Do you think COGS got cheaper or inflated during this recession?
Do you think COGS got cheaper or inflated during this recession?
Posted on 1/16/24 at 9:21 pm to East Coast Band
A job is a nice thing to have
Posted on 1/16/24 at 9:30 pm to GeorgeTheGreek
quote:
Big difference with a 3% raise on $60K vs $160K.
I am in the middle. Probably expecting 3% as well.
Posted on 1/16/24 at 10:45 pm to East Coast Band
Putin price hike jacK
FJB
FJB
Posted on 1/16/24 at 10:53 pm to PGAOLDBawNeVaBroke
If a company or department doesn't share their P&L statement with you, then you are not valued at that company.
Posted on 1/16/24 at 11:50 pm to East Coast Band
A 3% raise means you want to be cheap and placate me so I won’t leave. It means I’m not valued and I need to threaten leaving and be ready to do so.
Posted on 1/17/24 at 12:07 am to East Coast Band
Yep, a 3% raise is a for sure slap in the face.
Posted on 1/17/24 at 12:10 am to Howyouluhdat
quote:
You think companies aren’t raising their prices as well?
Do you think that makes profit margin higher?
Posted on 1/17/24 at 12:20 am to East Coast Band
we got nothing this year due to "inflation"... regardless... and as hypocritical as that is.... 3% would have been awesome.
Posted on 1/17/24 at 12:21 am to Yeti_Chaser
quote:very well.
At least you know she's not banging her boss
(FIFY)
Posted on 1/17/24 at 12:25 am to WG_Dawg
quote:
I mean it beats a 0% raise
Ikr. The stones on this broad…
Posted on 1/17/24 at 12:30 am to LSUAngelHere1
quote:
Do you think that makes profit margin higher?
Most corporations have experienced record profits since COVID, largely due to them raising prices.
Posted on 1/17/24 at 12:33 am to duckblind56
quote:
So her boss or coworker must be doing it right.
Yes. We both work from home full time.
Posted on 1/17/24 at 3:13 am to East Coast Band
Laughable, I agree ssi/ssdi should have been higher
Posted on 1/17/24 at 3:40 am to Norbert
quote:
company isn’t obligated to give raises at all. It’s all situationally dependent. Employers don’t control inflation.
But they’ll pay more when those people leave and they have to rehire.
And then you’ll say millennials have to loyalty, demand things they don’t deserve, etc.
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