Hello All - I work in the IT department of a Fortune 500 company that is not a competitor. I wanted to see if I could learn what other Fortune 500 companies did in 2021 and 2022 in terms of adjusting pay due to rising inflation.
My company has done nothing so far, and people are upset. We are being told that we are being paid market wages, that we have low attrition, and that therefore people are not upset and are happy to stay.
I've heard that many Fortune 500 companies had pay adjustments in 2021 and 2022, and I wanted to share that information with our ELT regardless of the BS they are feeding us.
Anyhow, please share if your org had any pay adjustments during 2021 and 2022 - I and I am sure orther layoffs.com visitors would appreciate that.
Thanks...