Thread regarding Charles Schwab Corp. layoffs

Inadequate pay

Considering the amount of work I do and my responsibilities here, I feel quite underpaid. Has anyone asked to get a reasonable raise or is it better to focus on looking for a new job?

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| 3430 views | | 8 replies (last March 13, 2023)
Post ID: @OP+1kuQa3az

8 replies (most recent on top)

Look for a new position but in the meantime do less work appropriate for your pay level. Don't put in more than what is required for a dead end position.

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Post ID: @18dzc+1kuQa3az

If you want to fight fight fight and get whopping 1% raise then negotiate.

If you want to get atleast 12%+ raise search for a new job.

Dont even think about accepting counteroffer, you will regret.

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Post ID: @juae+1kuQa3az

Beat advice is to get a new job offer and then put in your two weeks. Likely your management will scramble and give you a big bonus to stay. But it probably won't be as much as your new offer so usually better to just leave. one once told me the only way to beat a vender down is with a cheaper offer in hand. Same in reversed. Good luck to you. I left Schwab and haven't looked back.

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Post ID: @ipys+1kuQa3az

Former schwabbie, better to look for a new role. Even if you are as loyal ad they come, asking for a raise will just probably get you fired and blackballed.

Focus on building your skills, value, and self respect and try get your own businesses up and running; build real equity for yourself.

Nothing wrong for working for corporate america if you can find a genuine team that wants to see you grow and wont discard you for expressing yourself. Easier said than done though.

Wish you the best in your endeavours; i know it isnt easy, just got to get stronger and better

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Post ID: @9mqd+1kuQa3az

The best path forward for better pay is to apply for new positions

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Post ID: @9okb+1kuQa3az

They notoriously underpay and try to match once they hear the offer you got from outside. Make no mistakes unless they give you in writing its just a nonsensical verbal talk which they will act like it never happened.

Make sure to get it on writing and approved by whoever dozen of people that needs to approve it at Schwab before you decide/decline on your outside offer.

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Post ID: @6xlk+1kuQa3az

Submit resignatiok and you’ll get an immediate counter. They are desperate.

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Post ID: @3xlp+1kuQa3az

I left in May when I got two offers both with about a 12% increase in base salary (and lots of other improvements) and although I am not proud of saying this, I didn't even try that hard. (I could have applied for more roles, negotiated harder on comp, etc.). I think the largest merit increase I ever got at TDA / Schwab was about half that. YMMV.

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Post ID: @1nig+1kuQa3az

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