Disappointing annual salary increase

[Anonymous]

Anonymous wrote:You need to jump around. Until 2022 i had spent eleven years at a job, dutifully collecting annual raises. Sure I was promoted 3 times in that time span, but the nights & weekends and stress were not worth it.

So I jumped around a bit. My comp package is 60% higher today ($300K) than the dutiful loyal job I left ($185K). That’s the game these days. You’re a company of one: You. That’s your brand.

Yeah - I hate to acknowledge this but it's true. I enjoy my team and work and company but am cognizant that if I want significant pay increases I'll need to jump ship rather than waiting dutifully for a promotion. I am giving this role one more year and will push for a promotion by next year but if it's not forthcoming I'll start looking around.

To OP, I got stellar reviews this year but only a 2.5% merit increase. It was accompanied by a 5% over and beyond bonus but the bonus base is only 10% of salary. Working your a@@ off only takes you so far. You have to move around too if you want to go up the ladder. Hit your ideal salary target and then ride it out till retirement.

[Anonymous]

IDGAF is same conversation I had with a young 44 year old staff member two months ago in a similar situation.

He was pushy pushy pushy and resigned with a 30 percent raise. He even asked us to counter.

HR just said we give it to him everyone will want it and if we promote him he is jumping the line. HR said tell him good luck and always welcomed back.

She then said he’ll be back. I got like 30-50 of them back they leave between 30-44 for high pay, get laid off 52- 62 and come beck hear begging for old job back.

She has a point. I told the 44 kid see you at 60!

[Anonymous]

Anonymous wrote:IDGAF is same conversation I had with a young 44 year old staff member two months ago in a similar situation.

He was pushy pushy pushy and resigned with a 30 percent raise. He even asked us to counter.

HR just said we give it to him everyone will want it and if we promote him he is jumping the line. HR said tell him good luck and always welcomed back.

She then said he’ll be back. I got like 30-50 of them back they leave between 30-44 for high pay, get laid off 52- 62 and come beck hear begging for old job back.

She has a point. I told the 44 kid see you at 60!

Cool story. Where do you work that you take people back at age 60 after being away for 15 years?

44 isn't exactly young. That's middle aged. Probably has a few kids to educate and college bills looming. No wonder he feels frantic to make the most of his earning potential. The dynamics of corporate America is that it's easier to hire someone at a higher salary than to give existing employees big raises because you only have to hire that one employee as opposed to giving everyone raises and promotions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:IDGAF is same conversation I had with a young 44 year old staff member two months ago in a similar situation.

He was pushy pushy pushy and resigned with a 30 percent raise. He even asked us to counter.

HR just said we give it to him everyone will want it and if we promote him he is jumping the line. HR said tell him good luck and always welcomed back.

She then said he’ll be back. I got like 30-50 of them back they leave between 30-44 for high pay, get laid off 52- 62 and come beck hear begging for old job back.

She has a point. I told the 44 kid see you at 60!

Cool story. Where do you work that you take people back at age 60 after being away for 15 years?

44 isn't exactly young. That's middle aged. Probably has a few kids to educate and college bills looming. No wonder he feels frantic to make the most of his earning potential. The dynamics of corporate America is that it's easier to hire someone at a higher salary than to give existing employees big raises because you only have to hire that one employee as opposed to giving everyone raises and promotions.

Great f#cking point. It’s the same for federal government too, ironically enough. The best and usually only time to negotiate and get what you want is when you get the job offer. They can get more than everyone else. Then you’re stuck for 2-4 years. So reach for brass ring early.

[Anonymous]

Don’t work for the Federal government.

You will be disappointed every year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What percentage is $5k?

OP here. It is a 5% increase. My salary was 100k and now it is 105k. For the past 6 months, I have been replacing a colleague who is 3 levels above me. This colleague is not with the company anymore and the expectation is I will be doing is job going forward. I only get accolades. My review was assessed as “above expectations” I am a woman - is it okay to advocate for myself?

You are complaining about a 5% salary increase? WTF, OP. No sympathy.

I only got 1%. Suck it.

[Anonymous]

Anonymous wrote:Op here. I clearly need to reconcile my feelings but I feel so taken advantage of. All those long hours, weekends work etc. They don’t care. I am afraid I come across as a nice and polite and well behaved young woman and they think it is enough to give me accolades and it should be enough for me. I feel like such a fool for putting so much in this work.

What is average at your employer? Did you ask to be promoted?