My company gives 3% annual raises across the board regardless of performance. It doesn't even keep up with inflation. At what point do you decide that internal raises are basically a dead end and the only way to get a real bump is to leave?

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Posting as :
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It’s ridiculous. At the point where you get another job while still employed. In my 20 year career, the only time I ever got a substantial raise or a promotion was when I left (with a couple small exceptions). When will companies realize it’s so much more expensive to deal with hiring and turnover??

likehelpful

same time they realize it’s more economical to keep existing clients happy rather than spin thru R&D to get the next new client while lamenting that existing unhappy clients leave

Rule of thumb: 2 to 3 years - move up or move out. Stay in job search mode. Keep adding skills and credentials. Invest in yourself. Don't take the inflationary wage cut year after year.

likesmart

Good luck finding another job you are lucky you got a raise …it a nightmare all around

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ooph best of luck

Gone are the days where employees got a cost of living raise followed by a performance raise. I haven't got those since 2002. Back then my total raise ranged between 5% and 15%.
As a rule of thumb, I now change jobs every 3 years and ask for a 20% raise above what I am currently getting, if I am not getting appropriate raises for my current work.

likesmart

You’re getting raises that’s great, I had 0% this year despite meets expectations.

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Meets expectations rarely merits a raise. Shoot for exceeds

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I would say shop around a bit and if you have any unique skills recruiters will find you, if you find a company that appreciates your contributions they'll reward you, I was actively recruited by the company I work for now and it's been the best move of my life, in 4 years I've gotten 8-15% base increases every year and 10-20% bonuses every year tied to company performance, good companies take care of their talent when they find it.

likesmart

Lucky you, a lot of places are giving 0% these days

likehelpful

Start looking for a new job, and make sure your supervisor knows. When you are working your notice, your boss may give you a rise in line with your new job. If you want to stay, accept it; if not, go
Bear in mind your present employer has been undervaluing its workforce for years, and this may happen again in the future.

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I got 0% this year …

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I asked for a promotion and got fired 3 months later - well, laid off.

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thats awful im sad to hear it!

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What do you do if you've stayed in one place 15+ years and the company no longer gives you a raise ?

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Start a fire?

funnylike

Sounds weird that they don't pay attention to merit, unless it's unionized.

Most companies I'm familiar with have a basic annual raise assigned to your annual review score. Usual seems to be 2 - 4% depending on how high you're rated. But managers are always able to make merit recommendations on top of them, and there's usually bonuses tied to it if you get highest ratings.

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Am searching for job am based on Nigeria am available to relocate

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Once you've actually received a rock solid better job offer

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This unfortunately is today’s job culture. My wife has been with a solid cosmetics company for 4 years. First few years 7-10% bonus/raises. Last year 2 % this year Zero. So, hindsight is be rewarded and happy you have a job. Excel at your job it will get noticed.

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The biggest bumps are always when you leave. Not even when you are promoted. Always when you leave. And don't forget that you can leave and boomerang later at a higher level with higher pay. Good luck.

That's a normal baseline. If you want more prove you are worth more or go somewhere else. If I don't get a promotion of 3 years of obviously good contribution I leave for some company that appreciates what I offer. I am self aware. I know when I am not producing good work at a role and its usually because it turned out to be a terrible fit for what I bring to the table.

If you have started questioning if the annual merit raises are worth the time and effort, then it's time to start for a new role.

Many already look to change roles every 2-3 years to get that salary up higher, faster. If you are not changing roles every 3 years, then it's about time to look elsewhere.

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Hello fishes,

Please help i am Lead associate at 7 LPA CTC. Can I expect 10 LPA CTC in my next cycle progression/promotion.

Please help experience person.

Thank you

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Hello, I am in USI GES tax at DUSI. I love my job but not my team and mgmt anymore. I'm a performer and I'm dumped with work of 2 ppl while others are searching for work. I am burned out.

I resigned and accepted a job with EY GDS with a huge pay bump that DUSI can't match but I also gave up my potential promotion for 2023.

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Deloitte 🌈🐠 - raise your hand if you are going to DU this week!

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I have a question. I work as an assistant manager been a manager for a while worked for the company for 6 years. I know crew gets paid a dollar less than me yet a do a lot ( its part of my job ) I asked for a raise I was told wait 3 months. Waited I asked again was told I needed to do this this and that. I feel like I'm under paid, but I love my job and crew.

likeuplifting

Ok! What would be the manager promotion increase and bonus this year for a National firm in the northeast region?? Any guesses?!

likehelpful

Hike expectations for someone who got mid year promotion ?con to scon

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Freelancers who have been with the same clients long term, how do you go about requesting a raise?

Do you ASK them? Or do you TELL them that your rates will be going up?

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Kindly help me choose one
1.
Goldman Sachs : 24 LPA (Fixed)
2. Deloitte Digital (India): 30 LPA
3. American Express: 28 LPA
Yoe: 7

I’d like to spend minimum 3-4 years in the next company.
WLB, Quality of work, Promotion, Hikes and Bonus. Sharks, your suggestion please!

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Hi admin again posting this my last poat comment are not enabled air please repost it

Hi All

@aashuonly ur comment matter

hope you all are in good health

Neeed help from the genuine guy who are there in It working

Actually I got on offer from wipro(x+.5 charles wab pune) Capgemini(x+.5 hsbc hyd )hcl(x+1 but Gurgaon rbs client ) ust ( vmware client Hyderabad) and mindteee (x+.5 client Salesforce) but my manager(Accenture) had told me am in good books i will gwt promotion in coming quarter

When’s the best time to go client side? Wait till I get a promotion or try to switch sooner rather than later?

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Thoughts? Are we also getting 9% raise?

Post Photo
likefunny

I’m going to be a dad! But I have some questions. When should I tell my manager/teams? I’m up for senior promotion this year, will this impact that promotion? For those of you that work in public what tips do you have for managing your work and family responsibilities? For context, my wife, once she’s done with maternity leave, will only work 25-30 hours a week. I know working in public and having a new born is probably going to be a lot to juggle, but I have to make it work.

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