I think the fact that we don't get some sort of holiday/Christmas/ end of year bonus is so lame.
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Sadly the traditional bonus before Christmas is a thing of the past. I don't remember a bonus before Christmas in 30+ years in IT. Not just BAC, but 5 other major companies that once signed my paychecks.
@2xck+1w8hUZSH - shareholders not feeling any pressure with the run up in the stock price and the fact that the board approves the $15MM, $20MM, $33MM, etc payouts to the top brass every year without breaking a sweat.
They can afford to pay their people.
They just choose to only pay their cronies at the top.
Club Boston living off the backs of the rest of us.
I didn't get a raise last year. I respectfully told my manager that I understood, given that I felt overpaid for what I was asked to do the last 2-3 years, but I also told him that I sure hope there is an inflation adjustment next year since inflation is hot and a 0 raise doesn't keep up with it.
My manager also suggested that the "Sharing our success" bonus was given instead of a raise, which is nonsense because I had gotten that for years and a raise too.
But it doesn't matter anymore. I don't have to worry about it anymore. November 12th was the end for me!
There's nothing anyone can do to match inflation. The banks can't do it due to shareholder pressure. As for everyone else, even the president-elect himself has lost faith in the financial system. Inflation is well beyond great depression levels but the sentiment has been cleverly blunted.
Take a look at the world richest people except this time, instead of getting mad at the inequility, take a second to reflect how maybe, just maybe, inflation was worse than you realized and what the richest currently have is mostly due to inflation.
The key difference is unlike the great depression there are more channels for money to flow to the top, and so no matter how much money is printed thats where it will end up.
I agree that inflation should be taken in account for raises. In order to break even for cost of 2025 health benefits with same coverage as before, I would require a 4 percent raise. Instead, I am getting a net 4 percent reduction if no raise and maybe another team pizza party later in the year. I have to continue to smile longer.
I mentioned inflation raise at my EOY in 2023 and I was pretty much told lol.. no here's .52 cents
How about they start by adjusting salaries for inflation? I have colleagues who haven’t received a raise in years and may have only gotten a 1% bonus (if that).
Monetary or turkey/ham? I remember my first full time job and getting a turkey for the holidays. Bonuses were for management. Times have changed since then for expectations.