Manager just informed me no raise this year.
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@4hmr+184kXyJv, Intel will announce the transition of FAB to TSMC in January which is a little over month. They will then start cutting headcount and the last thing on employees mind would be pay raises. Perfect time to say sorry no raise in 2021 and employees would be happy just to have a job. We can stick out head in the sand and hope for the best but the writing is in the wall. We shall see comes 2021.
Insights is a development feedback tool if used properly. Why is anyone discussing raises at this point? That's not the timeline for budgets or even remotely close to how it works. Yes, insights informs rewards to some degree but it's in no way shape or form the focal of old. If you are already getting the message that means you are clearly due for a performance action (justified or not). Nobody is chaining you to your desk (virtual or otherwise). And you have to be blind to see what situation the corp is in as a whole (hint, not well). I wouldn't be expecting a sack of cash even if you are a high performer as everyone wants to be in their own little head. Best of luck in your career.
Intel is in a tough situation that Insight can't fix. Most people area gaining some experience and making themselves more valuable every year. Unfortunately, Intel doesn't have enough growth opportunities for everyone when the company itself isn't growing. Intel can either choose to layoff its most senior yet underperforming employee and give people a chance to move up, or risk losing up and coming performers to other growing companies. What I've observed is that the latter is happening with people moving to Apple, Microsoft, Amazon, Google, etc.
People are doing Insights wrong; it’s supposed to be about the comments, but some people are talking about raises in November?
forget about the pay increase. HR is most likely preparing the roster for layoffs and plant closure.
Cost hold, guess what executive bonus is, not your low key single digit of base.
If you hit your cost the multiplier for the VPs and higher will be huge, you low life get a lump of coal, but the higher ups even when no raise will do well.
See if they say executives take a pay cut or forfeit their bonus.
No raise is the first stop before layoff.
Yields are terrible on 10nm that hits profits, no raise but don’t worry the Gr12 and a live do okay
Based on what I am been told nobody is getting a raise. I am sure BS will get his pay increase though.
i mean it kinda makes sense if they are planning to freeze salaries in 2021.
look at all the "non-productive", WFH folks they need to carry into July 2021?
they obviously need to control spending and are hoping to avoid significant furloughs/layoffs.
Why are they discussion annual salary raises in nov. the insights is confusing as hell. I though these are regular feedback sessions leading to your annual salary conversation in April. Am I wrong?
whole group or just you
@OP which org are you in?
Management is doing an excellent job in encouraging talents to leave the company. Who are going to make Intel great again? The people that have no place to go??
why would they give you a raise for doing such a sh–ty job.