Agree with other posts. You only get a material pay rise with promotion or if think you are going to leave and they want to retain you. It has been like this since at least 2015.
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Best raise strategy I've found was getting out. Got a 30% pay bump leaving.
I would suggest that everyone approach their year end self assessment like an AIG quarterly report.
If you don't hit a goal just say you made great progress in 2021. If you completely fail at your job just start to remove your responsibilities and say it was an adjusted goal, kind of like removing CAT losses from the combined ratio. And above all else tell your boss how positive you are about 2022 and that this will be the year that you help AIG become the world insurance leader.
This strategy get's the executive team 200% sti every year. How could it possibly be wrong?
public info on google, this guy does okay, nothing to complain about here. anyone ever wonder why aig focuses on stock buy backs to prop up the price per share instead of investing in their workers?
As President and Global Chief Operating Officer at AMERICAN INTERNATIONAL GROUP, INC., Peter Zaffino made $24,066,986 in total compensation. Of this total $1,400,000 was received as a salary, $4,500,000 was received as a bonus, $2,149,992 was received in stock options, $15,952,472 was awarded as stock and $64,522 came from other types of compensation. This information is according to proxy statements filed for the 2020 fiscal year.
depends on your definition of "proper". not a promo, but a raise usually ranges from 0% to 3% in my department. so if a do really well this year and get 3% i only lose 4% to inflation. whoopidy do!
Last year and got one almost every year in past 5 years
The only way to get a raise is to get a promotion. Other than that there are no pay raises.
Been here since 2018 and haven’t received one salary increase nor STI increase. This year will hurt given the inflation costs
The one that keeps up with the inflation?