While Nike has frozen the budget for 2 years everyone else has been increasing their wages 5-10% every year.
Roles looking for half my experience are suddenly paying dozens of thousands more than I make.
Time to start applying. I feel d-mb for waiting too long.
All I can say while you complain about your salaries, I never see any complaints about the 119% PSP payout this year you'll get. Enjoy your bonus all the way to the bank.
@5mpc I agree. Nike’s gangbuster growth days may be over. I expect to see continued growth but nothing like what we’ve seen over the last 20 years. Part of that is due to multiple market considerations and part of it is due to Nike not being as innovative as it used to be. It’s been awhile since Nike released any new technology or ideas that got me genuinely excited. It’s as if the mojo has been lost. Nike lost a lot of good people in recent years and it shows.
Nike used to pay well before our leadership pi---d away millions on contractors that gave themselves kickbacks.
And before our primary market for expansion started to implode economically.
I’m not confident that the last two years are an exception. They could easily be the new normal.
I'd say last two years were an exception, I heard from several people they got 6% or more.
Historically Nike usually sets a minimum 2-3% raise for most employees every year. This is not a guarantee and it can vary a lot by what role and org you're in. It's rarely more than 4%.
Does Nike not raise people 3% for COL increase? I just started so no idea if everyone at least gets that or if everyone has been static since 2 years ago
Left Nike this year and just got hired for $60K more, same bonus % and stock options which I didn't get at my band at Nike
No secrets there OP. If you want to substantially increase your salary you usually need to change companies, and you need to be willing to do that every 2 to 4 years. The days of sticking around at the same company for years or even decades while hoping that someday your genius will be recognized and rewarded, are long over. That’s a great recipe for being taken advantage of, for watching your salary slowly fall well below market, and for coming to work one day only to realize your services are no longer required.
I just interviewed a 31 year old woman last month. She graduated from college 10 years ago. If we hire her this will be the 5th company she’s worked with since graduating. Her generation seems to better understand that staying at the same place too long is a trap. I now rarely see anyone around or under her age who stays at the same place longer than 3 years.
Most companies have already laid off, Nike hasn't done that yet but once it happens the big bonuses and wages will get paid for the incoming talent.
Need to hop to TikTok or Meta - get the cash and in 2 years when they crash and burn, you'll get a sweet severance too. I know 2 people who jumped ship for Meta. Made 80k more than me, got severance two years later - big payment, turned around and went to Apple.
No company will pay you 80k sitting around, you just need to embrace the chaos if money is your number 1 concern. Sure, your life is disrupted, but 5 to 10 years of that you'll be a multi-millionaire with equity in all those big tech companies. Companies always go on a tear after announcing lay offs. Look at Meta. Everyone wrote them off as dead. Their stock is literally up 100% this year.
If you're unhappy with current compensation and looking for opportunities to increase personal revenue while remaining with the company, I encourage you to contact Mohawk Man Consulting LLC.
yea if you aren't getting what you deserve, gtfo