A 5% raise in light of 1) calling it a “substantial” improvement on last year 2) inflation running above 9% 3) peers at other consultancies getting 10-15% raises in non-promo years is extremely disappointing

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I guess it’s relative, from my perspective, the raise was not individually performance based, and instead a collective of employees under VP level across the entire organization and 3 months early. So an approx 2% increase over past years and 3 months early is a “substantial” effort from an organizational perspective, not from and individual. As an individual, I do feel I could go somewhere else and get more, but will it be at a company that shows the same value toward employees as a whole ? I remember the “No Layoffs” due to Covid, and getting our bonuses @ 95% because all SVP and higher forfeited their bonuses during a bad year during Covid. Providing support for staff and family in India during the height of the pandemic, even sending Visa staff to Ukraine to help Ukraine staff. I see myself as a high performer, so I think I could get more from other companies, but I do value and appreciate a company that goes the extra mile for all their employees and not just high performers ( like me 😜) , as one day I could be part of the average performers .

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definitely, agree on every aspect you mentioned. Hence, I may stay until bonus time and then explore external opportunities

Don’t forget that next merit increase will be October 2023 😑

likesmart

Best of luck 🫡

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Are you a consultant. ?

When do bonuses get paid out

October

Someone just shared this with me

Here is a perspective
91k people lost their jobs since Jan
49k in June and July
and every Visa employees got a 5% raise in July.

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If our business isn’t impacted as much as those tech companies, should we be comparing our salaries to theirs if the business is different ?

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