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What is comp like at a pension fund?
How much yearly hike can one expect at Société Générale ?
"Depends on performance" seems to be a very vague answer.
Can someone please elaborate on a better answer.
Also, Can someone shed some light on promotions?
Is there any policy, like you have to work for X years to be eligible for promotion etc.
Thanks in advance.
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Your enemy isn’t the worker you think is in a better spot than you. It’s the boss that won’t pay you what you’re worth.
At larger companies, salary decisions are made by structural systems such as HR. Often, your direct supervisor has little say than offering the standard 3% raise.
Babes your coworkers are not your enemy.
Blame the employer. Not the rando living in the Midwest. And maybe take a breath. You can always move.
Yes? I’ve done it a few times.
Move out of NY then if you have so much resentment.
There are other cities outside of NY..
Sorry I worked really hard and got this benefit at four different companies 🤷♀️. You read that right - I got a remote role 4 different times in the last 10 years.
Be mad at the corporations shafting you not people in the Midwest.
Living with this level of resentment must be hard.
Would it help to know that I'm jealous of all the people living where 90% of the jobs exist?
Most people I work with are based in other states, far, far away. Some are even international.
Sorry you’re wasting 10 hours of your life every week commuting 💅
Apologies for sounding disillusioned, Omnicom feels like jail
Agencies pay less in the Midwest because the employee is in the Midwest. They base salary on cost of living in the area you live in
I know many, many people where the base salary is the same for local and remote employees out of “fairness”
Pro
We all make our choices and trade offs, then we live with them.
If you’re unhappy - change something.
I’m remote making six figures and living paycheck to paycheck in the Midwest. Don’t worry ‘bout it.
It certainly is. Happy holidays!
The worst scenario is being a former NYer with NY sized debt, now living in the Midwest making a Midwest salary.
I grew up in the Midwest, financed my Midwestern castle at the worst possible time just to have a chance at ever getting a Midwestern castle, and work long hours because I know what I have and how hard it is to get. We are not your enemy.
What I have found is that it’s a trade off. A quieter life with less to go out and do than you would have in NY, but a more comfortable home where you spend more time. It’s all about the life you choose to live. Midwest salaries are also often right sized and you dont advance in title as quickly as someone in NY who can easily hop to another agency. While some people can find remote work still, the jobs aren’t as common and it often requires you to have a unique set of skills that make you a bit of a unicorn - like a ux strategist who has high EQ in their approach and a background in brand but can also consult on tech/platform, data analysis and performance marketing
I always assumed salaries were standardized. NYC mid-6-figure salaries don’t, or barely break 6-figure in the Midwest. And of course they have proportional purchasing power.. but they have to live in the Midwest 😂
I’d move to Chicago if I had the opportunity. Great city.
Seems like your issue should be with management and not the remote employees? Not their fault - they didn’t design the policy.
There’s probably also somebody in your office making 20k more than you but in a lower position because they negotiated better when they started. YOUR decisions, YOUR problems, little buddy.
Don't worry, I'm in the midwest making five figures and having to go in 3 days a week
Remote employees obviously have a better life and can fly under the radar. It's not fair, but nothing you can do about it. Focus on yourself.
Rising Star
Wait, so what am I being advised to do here?
Totally agree. Very unfair system. If you want to live somewhere else, then get a job there and support your local community, instead of taking jobs from NYers, etc, who are paying all the higher costs. We're here because we want to be here. It's supposed to be a tradeoff.
Fun fact - remote jobs don’t mean they would be default jobs for NYers otherwise. What a weird assumption.