The merit increase pool for my team is just over 3%
Inflation at 6.2% in October from last year
The bank and the wealthy got to use the money first when liquidity was pumped into the markets. The employees get to pay for it with a paycut. Welcome to corporatism
Sure, things change, but the question people should ask themselves is "what change, specifically?", because obviously not all change is good. A swift kick to the junk is a "change", but usually the opposite of good. Anyone who's 'position' is as vapid as 'change, gooood' is clearly intending to deceive people through the lack of specifics.
Merit increases looking weak this year....rumor has it that funding will be 3% with the expectation that promotions will be paid out of this as well. And if you're a "highly paid employee" (no idea what that means THIS year), you're screwed again.
Post ID: @OP+1dS27iXd
It has been that way since the 80s when the attacks on the average worker from the upper class began. It is just that more people started waking up to it after COVID showed the inequities in the system for the lower and middle class.
Sounds like someone who hates change, which is always inevitable. From your statement, we obviously know which way you vote and who you listen to.
There's nothing preventing you from leaving, but you won't. I wonder why that is.
The same ratios are used every review cycle:
5/15/60/15/5
Does anyone know if a certain percentage of workers within any group will have to be designated as "not performing/meeting expectations" this year?
These aren’t merit raises. It’s just throwing a little chump change at each of us to make us feel like we got at least something. It won’t ever change. It’s been this way forever. It’s a joke to call it a merit increase with it n above or below the inflation rate. But we are all stupid so what do we know.
In 15+ years the biggest raise I ever got was 1.5%. Some years was 0.
I was lucky and hired in at a high rate, and there are other factors which are important to me personally. So the miniscule raises didn't matter as much to me.
But I can see the point from the perspective of others. It's a big deal.
Post ID: @1aqy+1dS27iXd
You can thank the Florida resident for artificially ja--ing up the Dow, now you’re paying for it, not those who profited from it.
I love how certain people keep saying sh-t and expecting people to believe it if they say it often enough.
@1aqy+1dS27iXd
The pipeline which was basically just passing through the US and wasn't giving us a drop, along with being leaky and poorly managed? Yes, I do thank the White House for that.
You mean the pipeline that had leaked 12K barrels of oil in the Dakotas, as opponents had warned it would? I'm assuming this didn't happen in your backyard.
You can thank the White House for turning off the Keystone Pipeline so we now depend upon costly foreign oil much more thereby raising the cost of our transporting goods and thus the price of all goods = inflation.
@dua 3% raise. LMAO
In over 20 years I've gotten a >3% raise once.
I can't recall how many <2% raises they've handed out because I stopped counting after 8.
The "merit" pool has never been > 2% for my group in at least the past 15 yrs.
Corporations don't pay for cost of living increases.
They cause them, but they don't reimburse you for them.
I wonder how it is that with all the supply chain issues corporations are still raking in record profits and the stock market is at record highs?
It's almost as if rich folks are extracting wealth from the middle class.
Hmm.
Post ID: @jco+1dS27iXd
Put the blame where it belongs. When the stock market was artificially pumped up the last four years, what did you think would happen eventually?
It’s all a political game with average people’s lives, but certain people don’t care. They just want power at any cost and it has been high because they sold their soul.
Post ID: @jco+1dS27iXd
You probably think the rich and corporations need another tax cut that the average Joe pays for once more with reductions in essential services. 🙄
Americans are indeed the most self-centered people on Earth.
"When inflation was at 2% and you got a 3% raise, did you give back the 1%?"
Raise your hand if you've gotten at least a 3% raise in the last five years.
Wells calls it "merit" because they don't link raises to inflation.
When inflation was at 2% and you got a 3% raise, did you give back the 1%?
"Welcome to corporatism" ...? Ok. welcome... I've been here for a while so I guess it's nice to greet a new comer ... Hi, there! Welcome.
"Greatest" country in the world .... It is! Ask anyone walking 10k miles to get here. The problem is it's being run the worst people in the world... Don't worry... We'll endure...
By far the greatest country on earth. We tolerate losers rather than eliminating them.
Welcome to the US, the “greatest” country in the world. LoLOl