Related Posts
Which one to choose between Optum and Tiger Analytics for Data Scientist position? Where can I expect better data science domain expertise (In my previous companies I found very less understanding of Data Science practices as team)? Heared good things about both of these. Also hearing Tiger is expanding rapidly and getting some crap projects as well in the name of data science. Could someone put light on these things?
YOE: 4.5 Years
Tiger: 18L Fixed + 1L JB
Optum: 21L Fixed + 1.5L JB
More Posts
Any single girl in Bangalore?
25 M
Bowl Leader
an Elementary School Art Teacher
Anyone recognize the artist who created this?
8.7 yr yoe, how can I negotiate with hcl ?@hcl
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
No one should be penalized for getting a promotion!
No- it not appropriate- I would give the increase
Subject Expert
If you have the money for it, why hold back on someone who seems to be doing well and benefiting your company? This is how you lose good employees when you take a stingy mindset.
If it was more recent, maybe. However 10 months is almost an entire year, I would say it is not appropriate.
No because that is shortchanging someone who has performed well and acquired a promotion.
What would be the rationale for denying the cost of living increase?
The other details provided suggest that their comp has just caught up to their workload. With a good review and additional cost savings to the company, 3% cost of living increase sounds like the bare minimum.
I was told that because I got a raise during the year, I don't get one until next year. That's the only answer I got.
Have had this happen to me and I don’t think it is appropriate. I have never done this to my direct reports.
The way I look at COL increases is: with inflation (and let’s be honest, lately COL increases are not covering inflation) - you want that person to do the same job w less buying power at the end of the day?
I have been dealing with this for 2 years at my current company and have just about had it.
Give the COL increase.
I had this happen to me and I am still upset about it. It really doesn't make sense
Coach
My promotion happened in a June (15k increase) and my company’s annual review and merit increase and bonus is in February every year. So for me it had only been 6 months. I received a merit increase in February. I work for a major healthcare insurance company; how they factored the increase was by my current salary (4% increase on current base salary). For bonus, they prorated based on my old title/job grade for the number of months I was at the old title and the remaining number of months at my new title/job grade.
Yes, if they have done their job and saved the company money and it is on 2 months shy of a year. You want to keep good people
Is appropriate to give the company below average performance in exchange for below average pay?
A cost of living adjustment is not a raise!
JFC
No
Coach
Is it a written co policy that you do not get it in the year? Do you know if she has a pool to distribute? 10 months seems unreasonable but maybe her hands were tied.
No his hands weren't tied. I know many others who received 10% from him but not all were recently promoted. Also my husband works here and received the same amount in increase at same time but lower paying position and he still got 3%. I was on maternity leave for 8 weeks and believe he factored that in as well however I couldn't type that in the initial post due to limited letters.
Bah. You should've gotten it. This is why we unionize.
Mentor
A lot of organizations have a policy of 1 increase per year but if that is not the case 10 mos is a long time and if a top performer then a merit increase in excess of cost of living adjustment would be expected.
Any time you receive a promotion or equity increase it is good to get in writing if you will still be eligible for annual merit.
That does not seem to be appropriate, and it can seem retaliatory. How do you correlate the cost of living with performance? Inflation is not indicative of performance. If anything, the employees performance may be suffering due to lack of financial resources. Lack of money causes a lot of stress
If I recently received a promotion, should the 3% be added to that new salary base if it wasn’t included in the job requisition post.
At my company, we get merit increases every year at performance eval time. If you get promoted at eval time, our merit increase is included in that new salary and we get a bigger bump. If we get promoted at any other time of the year, we obviously only get the increase for the promotion
Why would you penalize them? From your description, they deserve the increase.