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Considering 7% inflation, a 2% raise is actually a 5% demotion…
This depends on so many factors (performance, current salary) but since it’s less than the inflation, I’d say no.
Pro
It’s better than 0 😬🤷♀️ but not great…
If it’s not a promotion, new job and it’s above inflation then it’s alright but good? I would say no
Conversation Starter
Not a promotion just regular yearly increase
I hate to point to inflation as an indicator, but based on that, I would say no. I worked in state government for almost ten years and rarely saw a pay increase…but when I did, 2-3% felt more like slap in the face than appreciation. 🤷🏻♀️ 2.25% increase spread out over 24 paychecks, even at $100K would be less than $95/pay period.
Conversation Starter
How do you bring it up to your manager?
Rising Star
I told my director that inflation for the year was 6.2 % however my raise was 3%. I then asked if there would be a salary adjustment for inflation independent of merit… he said he would ask HR and make an adjustment in April
Pro
It’s a baseline cost of living increase. Possibly under cost of living depending on where you live. Sorry.
Rising Star
For my city, that would be under a COL increase AND inflation sooo definitely not. Our company gives out that salary raise if you were a poor performer while the average employee got at least 6% (at least last year, I imagine the numbers will change this year). I’m also industry (tech) though and remember 2% being quite common at consulting firms so that may be it too. I’d ask your peers/check your company bowl.
Conversation Starter
Well I guess it’s 2.5% per salary + commission to its around 4% and I mentioned inflation on my call… hoping to get reviewed at mid year again
Conversation Starter
Correction: 2.25% per each category - so 4.5%
Conversation Starter
I just started my job in august so they mentioned a prorated rate too
Rising Star
So basically you got a 5% raise given the initial bump and then the raise at annual, is that accurate? If that’s the case then that SEEMS okay, though still lower than inflation and cost of living so not great. And if that’s commensurate with what your peers are getting, which tbh would be a red flag for me, it probably is the norm unfortunately.
Does anyone know if it's possible to negotiate salary during your REM meeting with the partner? Or is it too late at that point?