Has anyone in banking or finance heard talks within their company about a inflation adjustment increase in base pay for this year? I’m assuming all of us get salary bump and bonus effective February/March 2023. Has anyone heard about an additional bump for inflation (outside of ordinary base pay bump) just curious on other companies?

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They are preparing for recession and considering layoffs, don't get your hopes up too much.

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Yes, we doubled our base increase for those below director level.

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We are a regional financial institution based in Texas.

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Unsure about salary bumps here… might have adjustments but aren’t holding my breath about this

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Honestly, I'm just grateful to still be employed, with all the layoffs and hiring freezes going on. I'd say hope for the best, but prepare for the worst.

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We’re getting an “inflation bonus” this month…3% of our base salary

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I did here about certain adjustments being made. I'm not quite sure if it's for a recession or a salary bump for inflation adjustments. I'm not going to get my hopes just yet.

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You guys care a ton about the company. We all have lives too and are 7-8% inflation is eating at all of us no matter if you wanna believe it or not. Care more about you and your family then the companies. If you guys die tomorrow your position is being filled by next week and the company will forget about you after a month. Come on guys

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CITI is expecting to compensate for inflation.

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No, unfortunately. Like A1, just happy to still have a job.

We got a market raise a couple months ago. Or, at least, the hourlies did. Can’t speak for anyone else. Haven’t heard talks about anything more though.

Haven't heard of the additional bump for inflation. The company is a bit in a tight situation too, so I understand if they will not go over additional adjustments. I'm just happy I was able to hold on the job despite the inflation going on.

I haven't heard something like this. And I don't think our company is in the right situation to increase our pay. Some are even at the risk of losing their jobs.

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