Related Posts
More Posts
Rising Star
Anyone want to buy a lot of crude with me
Vision 2020+ 🙄
Please suggest me best SIP to invest
Additional Posts in Account Management
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Hate it. Honestly People should be getting a cost of living increase of ~3% to match average YOY inflation. Otherwise companies are basically saying they value you less than they did the year before.
I also have to fight tooth and nail to get anything where I am, as there is no guarantee whatsoever that anyone gets anything and a small pool is provided to be divided. It’s been 2 years since my last raise, after I threatened to leave, which was also my first raise since I had started 2 years prior.
But back to you lol- 2.5 doesn’t even meet cost of living increase based on the dollar value. You should feel insulted for sure. I validate you.
The industry is still propped up on paying for new talent vs existing, so update your resume and shop around. Doesn’t hurt to look while you’re stable.
Depending on what state you live in you may not have to disclose your current salary. But aim high like 30%, and if asked for a range, make sure your super happy with the low end because that’s going to be what they offer you.
Honestly considering getting an offer in hand just to bump up my salary, but I'm afraid of going through the whole interview process only to wind up getting low balled.
I got a 1.2% raise this year. Strong performer, mid to senior.
@AS: yes - AND most businesses are making less money now than before, or than targeted.
When biz results are constrained, $$$ will be, too
Right there with you. The worst part is, now they’ll keep you at that new (slightly) higher rate for two more years because they “just gave them a raise!”
On the one hand, something is better than nothing. I've worked for 4 different holding companies, and seeing a raise was like seeing a unicorn at 3 of the 4. At one agency, I got 2 promotions + 1 shift to a more important piece of business with $0 to show for it.
On the other hand, that's very frustrating and you have every right to be angry & disappointed.
If you like agancy life, my advice is to look elsewhere. That's often the only way to get a promotion & raise.
But also look for opportunities outside of the major holding companies. It took me years, but I finally found a good, independent agency where performance raises, review raises, and promotions happen more regularly.
Exco’s gotta get that bread
Diesel for yachts is getting expensive
Same happened at my company. The 2-3% doesn't even cover the cost of gas of having to go in office after they cut WFH a year ago. I think if the company can't do a salary increase, then they should offer a quality of life increase and offer WFH, more PTO/mental health days, or other compensation.
We have "Unlimited PTO" but the reality is that the cap depends on your billability target. Benefits are nothing to sneeze at, and the culture of the company definitely involves getting all the free money you can out of it
We were already told no raises this year except for promotions.
In the same position. It’s absolutely ridiculous. Prepping the resume for new opportunities, it seems jumping companies is the only feasible way to get a decent raise.
It sucks…but it’s a significant challenge to get matching increases in scope from clients each year that would allow all salaries to go up as much as they should to match inflation + merit. Especially in a year when so many clients have been worried about a recession that was being guaranteed by all the experts a year ago.
Just came here to say that double digit raises are dead. Double digit bonuses are not. Unless you’re in a holding company cemetery… in which case, they’re both dead. Go independent/private.
Key words are “Holding Company” translates to Taking Company.