What’s the best way to have a lack of compensation and incentive conversation in your department? I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. I thought my 5 year was going to finally show something but it did not. I’ve inquired about pay but it’s gotten nowhere.

likehelpfulsmart
Posting as :
works at
You are currently posting as works at

The absolute best way is to start applying at other companies.

likehelpfulfunnysmart

100%, being in the same boat at another financial institution, I am being paid significantly under market (avg 118 to 130) . I have gone the exact same scenario and finally decided the only way to achieve equitable pay for my experience, education and certs is to look for other employment as much as I like where I work. Not the best economy to have to do this but life is a risk and might as well get as much reward as long as you can, living in fear is not living

likehelpful

I agree with VP1 unfortunately, the only way you get leverage is by showing up with another offer. Otherwise they have no reason to change anything

like

Unless you absolutely love your job or there are extenuating circumstances you should leave, do you really want to have a tough conversation every time it comes to raises?

like

😔

Post Photo
likefunny

Honestly, get another offer. That's the quickest and most effective way to bring your salary up to or at least close to where it should be. That said, it sounds like your current employer is blatantly and purposely undervaluing you. I'd probably do more than just shop for other offers. I'd take one and get the heck out of their. But that's just me.

like

When your self-employed you simply tell your client that you have to raise your prices. When they say they cannot afford you anymore then you kindly part ways and work towards your next client that will appreciate and afford your talents.

Same thing needs to be said for the employee. If my employee asks for a raise and I don't give them one, then there is something wrong. I will either give them a raise or give them feedback on what needs to happen for them to get a raise or I will help them find another job that fits their needs (aka let them go with help).

I always pay my workers more than the industry standard because my people kick ass and make me money. If my employee is hapy then my work place is happy and making money.

like

Unless you are an actual 'banker' or trader, or top 'tech' or a senior manager, IB's and firms of that ilk will give minimal raises, promote based on whether you are friends of friends, and will try to overwork you as much as they can. If you are young enough, update your resume and LI profile, check with friends, find a better job. If you're 50 and older and not in one of the top positions, be very careful because many firms won't hire you, and your own firm may dump you, especially if you look disloyal.

like

How about getting a promotion? This would be faster than asking for a raise. If you can compile all your performance reviews and achievements, that would be great. Or start applying somewhere else if promotion is not an option.

like

Unfortunately employers who give promotions instead of COLA increases/raises expect the same bionic efforts as regards doing multiple jobs simultaneously without additional compensation no matter the role.

like

Related Posts

Typical salary for strategy associate with 1YOE in London?

like

What would you recommend for an expected salary range for someone starting their search…
DC area, 15 YOE…initially on the ops side but primarily on the recruiting side since 2016…no degree…recruiting certs. She wants to target TAM or hybrid roles where she’s leading a team and may work a few reqs of her own

Average LPN salary non contract non union out patient facility.

like

How would ne product Mangager salary slab?
YOE: 6years

like

What would be the uk onsite salary for senior consultant in capegemini. Getting 20L fixed in india now.. please help.

like

NYC Tax Director in PA, 15 years of experience, Federal Core Tax. What is a good target base salary in today’s market?

like

What was the compensation increase for first year seniors in the pacific south west region?

like
like

Looking for some perspective in negotiations.

2nd year at midsize firm making 150k with 1700 billable hour requirement.

Got an in house offer at global company for 130k, $5000 signing bonus. They know I make 150k.

What’s the appropriate counter offer? Don’t want to be offensive because I really want this job, but also want to look out for my best interests. Boston market, IP counsel position.

like

Hi Folks,

Good Evening

Hope you all are doing well.

I am just done with the HR and Salary discussion for the Data Engineering role with
Telstra .

Which location is good to join Bengaluru, Hyderabad or Pune when it comes to Data Engineering roles and opportunities in Telstra ?

Any one currently working or worked in Telstra looking forward to your valuable inputs and suggestions.

Hi all!! I got a great job offer from a recruitment specialist to a management recruiter in a corporate.

It’s almost a 40% hike from my current salary!!!!

I’m excited and thrilled but HOW DO I HAND IN MY RESIGNATION AT MY CURRENT WORKPLACE? I’ve been there for 6 months but I love the company and people, I really wanna leave on a good note. I just don’t know how?

Could you PLEASE help me?

like

What is the entry level salary for Deloitte Advisory in tier 1 city? Tier 2?

like

I have recently got a interview call from PwC for the role of Associate 2, Strategy& deals strategy

Does anyone here know what type of role it is, and what kind of work can i expect, salary expectations etc

YoE: 14 months
CCTC: 7LPA

Any leads would help.

PwC

like

What are the salary bands/levels at JLL ? Any idea what P3 level in JLL tech means? Also, is the pay for an Energy Manager at CBRE and JLL at similar levels? Any employees at these companies.. please advise.

like

I have joined Accenture 2019 July as SSE. Currently in 2022 , YOE:7 Last 3 years not yet promoted to TL ( Level 9) . Year 2019 Dec: Very Minimal Hike as I was a new joiners Year 2020 : around 15% hike on Fixed Sal Year 2021 : around 13% hike on Fixed sal Year 2022 : June - Mid Year hike 5% Requested for TL Promotion. is there any chance of getting TL in December End 2022. How much % hike is generally given from SSE to TL Accenture

likehelpful

Hi All, Does anyone know who are eligible for Accenture Annual salary review process? What is cut off date after which if you join you will not be eligible for salary review process for that year? Kindly share inputs if you know this clause. Thanks.

like
like

3 years ago I asked for a compensation review/raise, went through what felt like a ridiculous 8 MONTH long process of defending why it was warranted, only to be told no. 3 months ago I asked again and it has gone nowhere. I should add that salary bands are kept secret and I have no clue what the range for my position is. There are a decent amount of benefits in my position, the biggest being WLB, which is what has kept me here for so long. But I’m getting frustrated. What would you do?

like

I’m thinking about joining a colombian series B startup, role in São Paulo - I’ve been in consulting so I have no idea how to assess salary expectations for a startups - I have 3 YOE - any insight? Unaware of how equity conversations go also

like

More Posts

Can y’all do me a favor and like my post with a meme from Friends to unlock DMs please? Thank you!

Post Photo
likefunny

Received ECT AD in ops at BCG. I have two questions:
1. Is it difficult for these roles to get utilization/billability targets?
2. If I work for say 3-5 years, opportunity for good industry exits?

Background - 15 YOE. Currently Director at global firm. I am not looking to become an equity partner and happy to focus on content and interesting work. Main reason to join is opportunity to work and learn from different clients, smart people and good brand. Feedback/guidance/insights welcome!

like

Who’s bringing mini bottles to the airport now that planes have stopped serving? I have to fly on Sunday (moving cities) and thinking I might pack a few of those lil guys.

like

Is Boston part of our Northeast? Yes, right?

like
like

Starting to feel depressed and burnt out. Worked 30 hrs already this week, and I have a toddler and 5 mo old that doesn’t sleep through the night. Don’t think FT or reduced schedule will work (cont)

like

Deloitte india vs EY GDS
YoE 10
Deloitte paying more

What to choose ?

like

I have joined Accenture 2019 July as SSE. Currently in 2022 , YOE:7 Last 3 years not yet promoted to TL ( Level 9) . Year 2019 Dec: Very Minimal Hike as I was a new joiners Year 2020 : around 15% hike on Fixed Sal Year 2021 : around 13% hike on Fixed sal Year 2022 : June - Mid Year hike 5% Requested for TL Promotion. is there any chance of getting TL in December End 2022. How much % hike is generally given from SSE to TL Accenture

likehelpful

Hi All, Does anyone know who are eligible for Accenture Annual salary review process? What is cut off date after which if you join you will not be eligible for salary review process for that year? Kindly share inputs if you know this clause. Thanks.

like

Calling all remote workers from the UK who are fully embracing or occasionally doing the digital nomad thing, who are you working for and are they hiring? Asking for a friend.

like

Anyone in here NY-based? I’m feeling really stagnant and wondering if NY is calling. The market I’m in is lame and there isn’t much opportunity at my current spot. Keep it real - what’s it like?

like

Hi Fishes
Need referal for Salesforce marketing cloud developer role for 3+yrs exp in IT and 2yrs comprehensive exp in smfc.

Kindly give me 11likes to send DMs..
Thanks!!

like

Hi everyone! Does anyone have suggestions on a good standing desk or ergonomic chair?

like

Is BEC manageable in 1.5 months while working full time? Thinking of taking the “easy” sections first

like

Hi Friends, I have 2 years experience with eClerx services and now 4 years with Accenture. Does anyone have any Idea about work from home process in TCS and how to apply? Any help is appreciated.

like

Has anyone tried SR9009 for weight loss and building muscle?

like

Post your product management book recommendations here! I'll start:
1. The lean product playback
2. Hooked
3. The design thinking playbook
What are your go to books!?

like

Thanks for starting this bowl and looking forward to sharing it with others and bringing in resources as needed for topics and discussions that are so very needed in our industry.

like

Is pwc doing silent layoff?

like

Hi fishes, Need your advice.
My YOE is 2.5
I'm currently working as a PeopleSoft Developer and As it is old technology, I'm looking to change into new technology and I'm confused on what to choose. I have few in mind they are React js, Cloud developer (Azure/Aws) and Devops. If anyone seeing this post working on any of the good technology(which has future) pls comment it will help me on what to choose.

Thanks in advance.

like

Additional Posts in Finance

Will the pandemic actually lead to permanent changes in business continuity/operational risk management, or will companies fall back into their old ways after this is done?

like

What company would you never want to work for and why? Company need not be in finance.

like

Anyone know any good book recommendations that help improve your financial analysis skills?

like

Can you start your own company or sit on the board of another (small) company while still at your firm?

likesmart

Associates: How many of you got promoted after being an analyst vs. got recruited post-business school?

like

Anyone here work on the sales team/relationship management at their bank?

like

SO loves to drink... I don't. Getting over him coming home drunk off his face. But he insists on continuing this lifestyle. Not sure what to do.

like

What crazy idea is going to make you a millionaire?

like

Talking a shit is the only time I have to breathe. And coincidentally write this post.

like

Other than the basics (mail, fb, fishbowl) which apps do you regularly use? Any notable games or useful apps?

like

For new hire who’s struggling, will going back to office actually makes things better and easier?

like

Middle market bankers: what % of sell side engagements does your bank have a sell-side QoE completed pre-market?

like

Besides working, how do you finance pros typically spend the weekend?

like

Hi fish, I got an verbal offer during interview with MD at Goldman this Friday. MD generally confirmed my visa status and talked about title and potential package I could expect. Completed Compensation Questionnaire and had a 15 mins call with Fragomen before interview with MD. May I know what should I expect for the next step and the timeline I should expect? Thanks fish!

like

Anybody made a switch from funds to investment banking? What is your role and did you find anything challenging in doing so?

like

What does your benefits package include?

like

What is a fun thing to do at CLT airport during lengthy layover? #BAMLpeeps should know this

like

Anyone else feel guilty asking to take time off? It shouldn't be this way!!

like

I was offered a salary of $76,000 for an associate analyst role at FINRA. This would be my first time transitioning into this type of role. I have about 2 years of brokerage experience.

Do you guys think this is a fair market value for the salary?

like

I think there's is something wrong with me. I'm dreaming about models and excel formulas.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal