With Mid Year Evals coming up, does anyone have any advice when it comes to requesting increased comp?
Hoping to hear some success stories too!
8 replies (most recent on top)
Want more money?Switch jobs and managers often.
Wash, rinse, repeat.
Sitting in the same role over-performing to achieve E/E, may win you a new title (which costs us nothing, btw) and career longetivity.
But your comp will suffer.
sad, but true.
Posted by naive stupid lifer at this schlit-hole institution which isn't even the same bank I joined back when dinosaurs roamed.
The time to start discussing mid-year increases is toward the end of the previous year. Your manager can't wave a wand during your mid-year review conversation and give you an increase, they need to do pre-work to get it done.
You don't "request" a pay increase. In your Self-Eval, document how you've Exceeded your goals Consistently for the past 12-18 months. Then, in your mid-year convo, verbally make your case to arm your manager to make your case and provide strong results to enable he/she/them to advocate for you with HR.
You won't get a mid-year increase (almost unheard of), but your manager may be able to put in for an increase starting in Sept when they begin mapping out year-end comp and next year salaries/promos.
If that sounds like too much work, then get a competing offer and be prepared to walk if BofA does not counter.
BofA expenses are still way too high, so this year not looking good for anyone here.
I look at that Sharing Success each Feb as my raise. It seems to have replaced actual raise and COL increases the past few years.
Same salary for last 3 years. It is better to look around within the banks
I have been at BOA for 20 years and the only time I saw a mid year raise was the 1 year they gave 90% of the bank a cost of living increase. Other than that don't count on it.
You’re better off getting advice on this topic from fishbowl.
No raise for me for the last 2 years.
maybe I can negotiate that inflation has been high and my income from 2 years ago is not keeping up.
OH WAIT.
lol..