If you’re in Controllers, EMIT, E&PS, HR or any other function you should start looking for a new gig ASAP. Hearing the goal is to be at or near last year’s salary treatment number (4% budget). Also hearing there will likely be no special increase for inflation (can’t confirm). Also hearing stock options won’t be increased at various levels versus prior years, as they are simply extending lower amounts of stock options farther down to lower CLs. So for all your O, E and VG who got 2% to 4% raises last year… get ready for the same thing again (maybe you’ll get a CL bump and get an extra 5%). Leave now before other companies stop hiring next year. Don’t wait for a miracle.
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I went from VG to E last year. I was hoping for 10% due to two years of no raises and loss of match. I received 8%. They were really close to my number. CL24 currently.
I’m so glad I left
Applicable to the US. GBCs, like Budapest, BA, and India will have much larger percentages (albeit, of a much smaller piece of the pie).