Quick question. If you are going for an internal job that pays more money, what is the maximum raise you can get from your current salary. Can you get the maximum of new job salary or only mid point? 20% from current salary? Hearing so many different answers from people.
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True, and BL can go F herself. It's morally bankrupt to pay a dedicated internal that's perfect for the job X, and an external that could be a worthless POS that happens to interview well 1.25X because "reasons".
HY clearly hates all long time employees and wants to get rid of us. There's no other explanation for their heavy bias against us. It costs the company much more to go external, so don't tell me it's about "efficiency".
When did this "new approach" start?
Literally no idea where any of you are getting your information, and I laugh at the ones who say 20% (and especially the one who said "from someone who reports to the Operating Committee). It was NEVER 20% max without approval. @obg+1v8OqjRI is the ONLY one who has it right. If you are within the range of the next level role, no raise at the moment. You wait until merit time and if there is extra available money, then you will get a raise (but most certainly not much, considering merit has to be spread across their entire budgeted area). If you are not within range of the next level role, then you can get a smaller increase at the time of promotion and possibly additional at merit time. And by the way, Bei Ling said she was "very happy" with how it has been going with this new approach.
“Dry promotion” is also a thing where employees take a higher role/position and were told by management they would get a raise the following year.
Also consider bonus compensation is not tied to salary meaning you could expect to see the same amount regardless if your new role is requires more work.
I've heard that you should expect a raise in anything P5 or M3 and above. Roles lower than that are not guaranteed for a raise if you're already at the min for that range.
19% jump up to next position. Takes an act of executive approval above that.
If your current pay is within the range of the new job, you get 0% increase. That's right, no raise, not without an approval from the OC.
Feel appreciated yet?
I don’t know what is or isn’t true but I was promoted mid year and got a 15% raise, within Corp Risk
The answers being shared are no longer true. Effective mid year, even promotions are not being given raises. They say they will re-evaluate against the new salary, but unless you are below it or at the very bottom (like bottom 5%) you will not get a raise. There is some type of exception process that requires a lot of approvals, but you better know the hiring manager and they need to be comfortable taking your raise against the board. It is a very unfriendly policy to employees who want to apply for promotions.
Max is 10% without approvals.
20% is the max without approval from someone who reports to the operating committee. Most don’t want to go through that.