Hi folks,
After 2,5 years at
IHS Markit, I got promoted. I was stoked until I was told that I I only got a 5% salary increase. Not being greedy but I find that quite low given the promotion. Anyone else here in the same boat? I’m in a Tier 1 country in terms of salary. Thanks

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You are not alone. Promotions are pathetic, even in some of the giant companies. That's why so many people go to another company for bigger pay rather than staying where they are.

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Have you been getting annual hikes? If so, how much have those been?

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Yehh defo low, I got 5% pay rise this year (no promotion). Although I hear progression is meant to be better now we’ve merged with S&P as they conduct promotions all year round rather than once a year.

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But I know someone in another part of the firm who changed job within the company (was not promoted up a level) and got a 25% pay bump so mixed bag tbh

I have gotten bigger raises on an off promotion year than when I got a promotion. Seems backwards but don’t assume promotion means more money! This was standard for this year (even higher than some!)

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I am not surprised. Raises and promotion increases have been TERRIBLE this year. You are not alone. Sorry to hear that but you can always ask for more and see what they say.

Unfortunately, I think this is going to be the norm across the industry. The economy is in the toilet and it doesn't look like that's going to change any time soon. Time to tighten the belt and start being frugal.

Hey! I just applied for a role at IHS Markit in Canada. Any recommendations on how I can try and connect with them to give myself a better chance at being interviewed?

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