Is there any expectation for agencies to somehow address rising inflation and gas prices in their employees’ compensation? Doesn’t seem like something that is the agency’s responsibility, but at the same time it sounds like a discussion to be had at least.

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Agencies will keep compensation the same until they start losing their best talent. Then they’ll raise them.

But as we’ve seen, a lot of the holding companies are so incompetent they’re just letting themselves get raided by the independent agencies until they finally wise up to it

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This is as relevant to advertising agencies as it is to literally every other employer, right? I don't see it happening.

What can they do to " somehow address" these cost increases other than just paying us more? lol

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Strategist 1 - no but I know of places that get yearly inflation adjustments. 5 was an arbitrary number I just threw out, I think at those other places it’s more like 3 or 4 now that I think about it

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Ad agencies will literally be the very last companies to adjust your compensation because of inflation and because gas is more expensive.

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I’m speaking as a whole. Good for your agency, truly, but that’s not significant to the 99% of us who won’t see that adjustment.

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They certainly didn’t address it in my merit conversation last week. It was a 12% increase (I was promoted) and my boss kept emphasizing that it was a big deal. But as we know- that’s really only a 4% increase if we factor inflation into it. It can only really be addressed by finding another job to adjust your salary to the true market rate.

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I think if they're not already doing a hybrid WFH thing, doing maybe three days in office instead of five would help employees save a few bucks on fuel/mileage, etc. If your team is solid.

I remember my old agency gave 3% raises at a minimum for inflation. That was 10 years ago.

I haven’t had to pay for gas, transportation, vehicle wear & tear, parking for 2 years. That’s a start.

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