I have from a reliable source that raises will be sub 3% as usual. These people have the audacity to call a negative real pay raise a “merit” increase. Meanwhile, other companies are giving out extraordinary inflation raises out of time of year end reviews.
16 replies (most recent on top)
Very astute observation! This would not have occurred to just anybody. I think that you’re definitely going up the ladder, and quickly.
@1hui+1
Yes but we’re looking for talent.
Why do we want young inexperienced “Talent”.
A degree simply means that you’re likely to get an interview, along with a few dozen more. Pay some dues first and you’ll qualified to be young talent.
@ccld+1jBp0oAP
who cares about you :)
My package is quite large, and I still get a decent rise I’m told
The Bank really does compensate us poorly, but a merit raise is a merit raise, and he fact that inflation is eating it away is not the Bank’s issue.
My advice is to vote better in the future. The banking industry and employees generally lean left and vote left. The problem with inflation is in your mirror.
You can threaten to quit, but you better have an offer letter in hand for a job you would be willing to work. This firm will not provide a better salary on just the threat of Ap someone leaving.
You all need to threaten to quit. No other way you’re getting a meaningful raise without them sweating a bit.
I found a friend at work who allows my to position my rodular tube in such a way that extraction is fun again
Remember that 3% includes the budget for promotions, so merit will be less for most.
If that’s the case we should all call in sick at the same time for a few days
Not surprised - about 25% of the team left the company over the past few months so I would expect the remaining team to get a bigger boost in comp and incentive, but it’s naive to think that, right?
But the headwinds…….
New employees coming in are making more than the people who have been here for 10 plus years. They don’t give two sh--s about the current employees to keep them. They always give excuses. Employee should start talking about their pay to see where everyone stands. Inter Rep are coming in making 45k-50k, senior rep 50k-55k. I told my entire team to look for new jobs. 3%-5% doesn’t cover inflation.
they better start paying up if they want to attract young talent. no one out of college wants to work at bnym