Thread regarding Wells Fargo & Co. layoffs

Can you still get a raise for internal transfer?

Can you negotiate a pay bump for internal transfers anymore?

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Post ID: @OP+1jyd9jp86

9 replies (most recent on top)

Since TVC, internal moves are pointless unless you absolutely can't stand where you are any more. They claim at mid-year or year-end you could get a bump to bring you in line with others in the role, but since you can't see any of the numbers, you have no idea. At least with the old midpoint system, there was some rough idea.

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Post ID: @ha+1jyd9jp86

They lower the min range so they don’t have to pay you a cent more than you’re already making.

Recruiters here prob tired of mentioning that as well.

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Post ID: @ee+1jyd9jp86

@dh+1jyd9jp86

That's what "they" say, but then "they" turn around and give you the standard budget, which means the only way that newbie is going to get the $ is if you hose everyone else on the team.

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Post ID: @dp+1jyd9jp86

while these days your likely won't get one at time of new job, they are supposed to make it up come next merit cycle.

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Post ID: @dh+1jyd9jp86

Yes it’s possible. I accepted a new position earlier this year and received a small 7% pay increase.

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Post ID: @dc+1jyd9jp86

This is NOT the place to grow your career.

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Post ID: @cy+1jyd9jp86

nope
don’t take a job with increase responsibility because you will not get additional money unless you don’t make the min for the new role

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Post ID: @c3+1jyd9jp86

It's possible, but unlikely if you're within the pay range. HY hates internals.

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Post ID: @bj+1jyd9jp86

No.

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Post ID: @am+1jyd9jp86

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