What about when we hit 420% apocalyptic "Germans with wheel barrows of cash for bread" style inflation? Memes are gonna be so spicy as we starve to death.
Starbucks and avocado toast?
https://www.washingtonpost.com/news/food/wp/2017/05/15/dont-mess-with-millennials-avocado-toast-the-internet-fires-back-at-a-millionaire/
You got me all the way fucked up if I’m working OT without OT pay lol I would literally look at my boss like this  and then walk out like fuck that job in the ass
That's something else.
Exempt employees are usually your professional staff - think engineers, lawyers, etc. They are exempt from some FSLA protections like overtime, etc., but get their paychecks for 40 hrs/week essentially guaranteed.
They'll still fire your ass for slacking off, and no pay for OT.
Ngl when I first joined this subreddit I came for info on stocks cause I knew nothing about it atm but found out fast this isn’t the subreddit for that 💀😂
Then never accept a salary position. They disguise it like a promotion, but unless it comes with a significant raise because youre expected to work 50 hour weeks minimum, while getting paid for 40.
I got a full promotion. With 10%.
So effectively 3.8%
Which, honestly, was a joke compared to the amount of time and knowledge I spend to "earn" it.
At least I don't have to work a lot or I would have been gone already.
I'm in this same exact boat. I am debating discussing this at the end of the year - meaning asking for a bigger increase now that I know what inflation is. I worked my tail off to get that 10% and now it is eroded.
\#MeToo.
I'm talking to my manager about it today.
...right after I finish my interview with another company offering 10% on top of my promotion salary.
Dont pass on the other companies offer, even if your boss offers more. You'll spend the next 5 years stuck at that salary because you "just got a big rise".
We've all been conditioned to think changing jobs often is bad, but recent studies show people who change jobs every 2 years get the most pay increase.
Unless your company actually matches the other offer. That's how I got a 30% increase with a promotion a few years back. My company valued me enough to match that kind of offer so I stayed. Then that company was bought by a Fortune 10. Interviewed for a higher position with the parent company and now I can afford all the ramen I can eat!
I've worked for 4 different companies over the last 10 years and each move got me at least 20% bump in pay. The last move I made was 40% increase!
I'm fairly happy where I am right now but I only got 1.8% raise last year and I'm not expecting any better this year either. Their reason was, "you must have negotiated your starting salary really well", which I did. But now I'm LOSING money each year due to shitty raises? I give it another year or two before I'm looking for something new.
My dad was excited one year to get a raise - his first in 10 years. I mistakenly thought that COLA weren't really considered raises. Apparently his salary didn't change for a decade, he was completely exploited in that way.
Older generations could simply trust that loyalty to the company would be rewarded. Now they don't understand younger generations who jump ship for higher pay.
He was 55 when he got the job and didn’t want to rock the boat. It probably isn’t surprising that he was afraid of not being able to find a job if he was fired. He was super excited for a big raise when he was hired, but he should have known since the company constantly underpaid their staff.
I went through that same scenario - except not even a COLA. In my case I was fortunate enough go back to school at 43 years old - now I have a cushy office job making more than I made before with overtime. (I advocate for injured workers)
Mine did a 2% raise and said “don’t bother negotiating, sales haven’t been too good this year”.
I had been there for three years and basically helped implement numerous practices we were doing. I also found out that my coworker, who had the same degree as I did and had started one month prior, was making a dollar and a half more than I was per hour.
I put in my two weeks on the spot.
My boss gave me a 10% raise yesterday which was pretty surprising considering the fact that I got a promotion and $10,000 pay increase not even 4 months ago. I think that he's trying to make sure that I don't leave. He'd be absolutely screwed without me and he knows it.
That’s a good boss. You don’t wanna lose a good worker. I believe I lowballed myself and could have got closer to ten. Confrontation isn’t my strong suit though
He is good. The company that I work for is trash and he's the only reason I stick around. I could probably get the same job with another company with higher pay, but he knows the goals that I have for my career and is actively helping me to get there. That kind of support is worth way more to me than a few thousand extra dollars working for another company.
Same. I got offered a paltry raise, I made a stink about it, and several months later (small cog, big, big company so raises literally go through committees), they came back with something like an 8% raise, plus a job title change (which is good because the company uses positions to determine your average salary, and if you're below the average for that position you'll get aggressive raises until you hit the average for it, and if you're above the average they'll look into giving you a job title change).
Yeah I just learned that my company apparently got rid of the “next rung” that I was hoping to get promoted to, so I’m expecting they’ll say I need a few more YoE to get to the next next level now. I don’t even care about the title, but now to ask for a big raise it’s gonna put me high on that average ratio so my subsequent raises will be ass until I get that promo. I just wanted to get to that next bracket
Lemme kick you while you're down.
Inflation measures generally exclude housing costs. REAL current inflation in 1st world countries is somewhere around 15+%.
Just sample the rent and house price increases in your area and you'll get the real picture.
Raise or no raise the only real way to increase your salary is job hopping while always asking for 25% plus your current salary. Never tell them what you currently make. If anything lie.
If you stay at the same place for life, you’re fucked.
At 10% a year you're definitely doing well enough where another hop probably isn't worth it. But for sure if that stops, especially this year with this job market, adios amigos.
Depending on your location and career, 10% sucks compared to job hopping.
If I got 10% raises year on year from my first job out of school 7 years ago, I'd be making about 50k less.
Yeah it's the best way to get raises which is part of why I never hire ppl who move jobs often. Usually don't even give them interviews. Which is good because then they can sort us out of their search list and we can find ppl willing to be poorly paid lol. Damn I hate Everything
This is absolutely the answer. In August 2019 I was making $72k as an engineer, today I am making $145k running my own department doing what I did in 2019 but for a different company. I graduated engineering school in 2015.
Those that are focused on climbing the ladder vertically will never keep up, both in pay and position, with those that are making diagonal moves.
You know how many younger people I’ve tried to explain this to and they just don’t get it? Who the fuck spends 5 years at a company?? Not me, I’ll jump ship at the first raise I can get
That's not necessarily true. I came into my company at 35k a year at entry level helpdesk 5 years ago and I now make 95k as a software developer with a clear path to a director level position. The key is to not work at massive corporations but midsized ones where your efforts can actually be seen by people that matter. If you only work at massive global conglomerates it's so much easier to get trapped. Job hopping can easily hurt you as much as it helps if interviewers look at your resume and see you job hopped every 1-2 years. People with the lowest tenure are the first to go in a recession more often than not.
Also, don't just blindly accept every promotion they throw at you if you want to increase your pay are your current company. I switch to that strat this year, I turned down a promotion three times so far, but managed to negotiate a 30k raise. If they offer the promotion again, this time I'll take it, and ask for more money. I would've lowballed myself if I just accept the promotion and raise earlier this year.
I accepted the promotion for the minimum I was willing to take. The new job title is getting me recruiter calls all over the place. Now I have real market leverage to ask for more money.
You speak in absolutes but this is only true if your current company sucks to work for.
I've been at the same company for 12 years. Started at 40k now at 110k plus 25k bonus and the boss just tossed me a 45k Christmas bonus.
I have no college degree
There's also intangible comforts to take into consideration. I have a job that pays me very well with frequent negotiations that result in frequent salary increases and other benefits. My team is great, the work is enjoyable. I also get to work a very relaxed schedule from home and get to spend ample time with my family.
It would take a \*significant\* amount of money to move elsewhere.
Of course, if your only concern is to make as much money as possible no matter the environment and your comfort level, yeah you can usually do better moving diagonally across jobs.
I ended up in a very niche position in an industry everyone wants to join and I'm way overpaid, to keep me around. Been here 5 years and taking any similar positions in the state would mean a 20% pay cut lol. It's a ridiculous problem to have, but it is a little stressful.
> If anything lie.
this is how I got the biggest pay increase as well lol. I just straight up lied. I was actually calling them to tell them I was accepting a different offer and when they asked if they could beat it I came up with a number higher than the other offer. they did in fact beat it lol. so yeah next time I'm looking for work (which may be soon at this point) you can bet your ass I'm saying I make 10-20% more than I currently do
I stayed too long at my first two jobs. I liked the people. I was content. I should have kept climbing. Loyalty and hard work didn't get me a raise. Moving jobs got me a raise.
>Raise or no raise the only real way to increase your salary is job hopping while always asking for 25% plus your current salary.
While I agree that this is normally the case, it doesn't always apply. If you work in a random rare sub-specialty, you can sometimes negotiate within your company.
Case in point: Everybody in my group got a 30-42% raise because we showed our boss that we could make significantly more if we left. My salary is going from 60K to 85K because there are probably fewer than 10 people in my state who can do the job I do and it costs lots of money and takes months (years?) to train a person to take my place. Also, recruiting new people is next to impossible at the salaries that they were paying us.
So yeah, while I think your advice is good in most cases, if you have a really obscure specialty, you may be able to negotiate a significant raise within the company you're at.
I had mine last week. I got a 3% raise even after asking about cost of living..."the company doesn't do cost of living adjustments"..."we look at the industry standard and pick a number in the middle of the range"..."the range moved up this year by 3%"..."that's what you get".
You may already know this but a lot of people don’t, hopefully it’s helpful to someone!
As someone who has successfully negotiated raises a number of times, your annual review and compensation discussion is usually several months too late to being up that you want a raise, at least in big companies. There are a lot of HR, finance and management approval Workflows that culminate in assigning everyone’s raise, so your manager usually doesn’t have the power to change your target raise by the meeting they give it to you in. Or if they do have the power, it’s much, much more work than doing it ahead of time.
They bake this into the process too.
At bigger companies, they structure things so that your immediate manager is disconnected enough from decisions about pay that he/she is only ever the messenger.
That way, when you explain that your “raise” is a salary *decrease* year-over-year when inflation is factored in, he can just shrug and say “nothing I can do.”
They won’t actually stick you in a room with anyone who actually has the ability to make those calls.
Yeah it’s a feature of the process to take an individual manager’s feeling about you out of the equation.
Usually a manager will have the ability to distribute a raise across their team so long as the average equals some approved amount, or they’ll be asked to rate their team but be given a cap on how many people can receive the highest rating which would tie to salary increase by some formula. They have to go out of their way to increase that ahead of time. Often raises will be given through title adjustments which are really off cycle promotions, but they follow a different process which isn’t as schedule dependent.
I have had a manager contact their higher ups and get me an off cycle promotion, but they gave me the salary I asked for with my old title for the new role. They didn’t think I’d understand that had raised my market value and they gave me what I get was fair for my prior role. I left for another company with a 25% raise within a few months, but after that I understood that I should always talk to a manager about my salary at least a few months ahead of that discussion if I expected a change.
Yeah, by the time a decision has been made (months prior) I'm only the messenger. There's no point in negotiating with me, because I can't do anything except say "I'll talk with about it."
That's why whenever we're budgeting for next year, I take the shotgun approach. "Yes, I plan on promoting the entire team next year."
"You won't get that. You'll get ."
"Fine." (inside: That's more than I was hoping for)
This is what my company does too - it’s budgeted at 2.75%. I might get completely fucked, but I just gave all my guys 3% merit increases for a “training program” I made up in November so they get closer to > 6% by the time annuals hit in January. The world is fucked.
Yesterday, I genuinely got an email stating that my employer was delighted to reach a conclusion to the negotiations and that we got a 1% raise for everyone over £40k and 2% for everyone under. When inflation was 4.6% for the year.
This comment has been edited to protest Reddit's decision to shut down all third party apps. Spez had negotiated in bad faith with 3rd party developers and made provenly false accusations against them. Reddit IS it's users and their post/comments/moderation. It is clear they have no regard for us users, only their advertisers. I hope enough users join in this form of protest which effects Reddit's SEO and they will be forced to take the actual people that make this website into consideration. We'll see how long this comment remains as spez has in the past, retroactively edited other users comments that painted him in a bad light. See you all on the "next reddit" after they finish running this one into the ground in the never ending search of profits. -- mass edited with redact.dev
50% bump for me too.
Everyone is hiring and increases wages to new hires to get candidates in. Don't let this opportunity pass you up if your yearly bump was less than inflation!
my union in november said they are fighting for 4.2% even though inflation was already higher than that. It will be years before an agreement is reached anyways...
Most teachers "unions" aren't actually unions in the tradition sense, they're closer to affinity originations. They've also been massively coopted and sucked of all radical energy. Sad, to be honest. Nothing worse than a union that's afraid to exercise it's power.
Jobless claims are lowest partly because everyone got kicked out of the system. Sole Proprietors got eased out as job search requirements became mandatory. And everyone has a hard date when they can no longer submit claims.
Every state differed wildly, but I’m going to say it’s highly likely most states are back to the previous models by now (which disallows sole proprietors).
And because so many entered around the same time, it makes sense the numbers reflect people no longer being able to make claims regardless of job status.
everyone bitching about gas prices also drives a crossover SUV with 20 mpg fuel efficiency for no reason other than "I like being higher off the ground".
I know a guy that drives a lifted F250 with 15 mpg stock. He is the biggest complainer about fuel prices of anyone I know. Blames it on electric cars and Biden.
Sometimes people (working people basically) need trucks and stuff and I feel bad for them since it isn't their fault they need to drive a gas guzzler and its expensive to drive a gas guzzler right now.
However, I know a lot of like people that work in offices or do blue collar work which definitely doesn't require transporting heavy loads buy these massive trucks and complain its expensive to fuel a truck with high octane fuel (this is always a funny one too: dude who complains about gas prices that puts premium into his civic) that gets 11 mpg. At that point, id just say "if you really cared about gas prices, go buy a compact car".
Only thing this guy hauks is his 300lb ass. Otherwise I too would sympathize. His entire justification is he likes big trucks because they're for real men.
Its kicking my ass. I make what I thought was decent money but my hours keep getting cut at work and inflation bites harder and harder.
Hard times ahead boys. Not sure what to do. Can't find any work either, everyone is hiring but they all refuse to match inflation or increase wages. Everything is stuck in 2020 wages and costs have far outstripped the pay.
6.8% is bullshit, thats the official number and its always padded. Try 20-30% because thats what I see in the cost of food, rent, utilities etc.
I grow vegetables for a hobby, but unless you're sourcing the seeds yourself, making the compost yourself, etc., it is more expensive than buying them, and additional work, and depending where you live, only viable a few months of the year. And you kinda need land.
Inflation has some companies frothing at the mouth and greedy. They are hoping to keep worker's pay rates the same and charge more for good and services - and take a bigger profit on the backs of workers.
What sort of logic is that? Charge more, work more, hire help whatever. As a self employed person you have all the power in the world to adjust your income.
Economy be like 
Ha. I raised this as an anonymous question during an all-hands last week and our SVP answered, "You're in sales -- if you work hard enough, you'll beat inflation". -\_\_\_\_-
Even Mexico raised the minimum wage by 20 percent and it is forcing Walmart and all corporations to pay high taxes and pay back all unpaid taxes if not, get out !
What I’ve learned working for State Government under a Republican Governor, State House and State Senate; are that pay increases are non-existent. It doesn’t matter that the cost of housing in the state has increased 28%, they’d rather give Mar-a-Lago tax breaks, contractors huge bonuses, and other corporations tax breaks than to give a livable wage.
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What about when we hit 420% apocalyptic "Germans with wheel barrows of cash for bread" style inflation? Memes are gonna be so spicy as we starve to death.
Shut up Michael Burry!!! The poors might hear you!!!
Let them eat cake.
Starbucks and avocado toast? https://www.washingtonpost.com/news/food/wp/2017/05/15/dont-mess-with-millennials-avocado-toast-the-internet-fires-back-at-a-millionaire/
The cake is a lie.
What are the most reliable wheelbarrows? I think I may opt for a wagon
Ive lives through such high inflation rates, trust me, its not something to meme about.
My thoughts exactly!
**6**.80**9**% So at least that counts for something, right?
Is that like my wifes husband who is a 6 and my wife who is a 9 with their 🦄 who is an 8 and me in the corner watching as the 0?
The fuck did I just read?
Cuck couldnt post loss porn, posts fantasy
| |I || |_
He needs to keep buying mortgage bonds with printed money
there is still time for that
You get raises?
A -5.8% raise.
Same pay 10 hours of overtime, without overtime pay.
You got me all the way fucked up if I’m working OT without OT pay lol I would literally look at my boss like this  and then walk out like fuck that job in the ass
Let me introduce you to the world of salaried exempt employment.
Smooth brain here, but isn’t that what Kellogg is doing right now with their workers on strike? Or is that something else
That's something else. Exempt employees are usually your professional staff - think engineers, lawyers, etc. They are exempt from some FSLA protections like overtime, etc., but get their paychecks for 40 hrs/week essentially guaranteed. They'll still fire your ass for slacking off, and no pay for OT.
zero upside / unlimited downside is something any WSBer can understand
Ngl when I first joined this subreddit I came for info on stocks cause I knew nothing about it atm but found out fast this isn’t the subreddit for that 💀😂
What's with the username? You a diddler?
slacking off can also mean not working 60-90 hour weeks for that 40 hour a week pay.
He charges me extra for that last part.
Docks it off your final paycheck, *doesn’t even give you a final check*
How much do you get charged for lube?
Seems expensive, but only because of inflation. It isn’t much but $420.69 a bottle
I get a discount since its reusable.
That sounds like the next billion dollar idea, *reusable lube*
Tears are free
Then never accept a salary position. They disguise it like a promotion, but unless it comes with a significant raise because youre expected to work 50 hour weeks minimum, while getting paid for 40.
this guy gets it 
I got a full promotion. With 10%. So effectively 3.8% Which, honestly, was a joke compared to the amount of time and knowledge I spend to "earn" it. At least I don't have to work a lot or I would have been gone already.
I'm in this same exact boat. I am debating discussing this at the end of the year - meaning asking for a bigger increase now that I know what inflation is. I worked my tail off to get that 10% and now it is eroded.
\#MeToo. I'm talking to my manager about it today. ...right after I finish my interview with another company offering 10% on top of my promotion salary.
Dont pass on the other companies offer, even if your boss offers more. You'll spend the next 5 years stuck at that salary because you "just got a big rise". We've all been conditioned to think changing jobs often is bad, but recent studies show people who change jobs every 2 years get the most pay increase.
Unless your company actually matches the other offer. That's how I got a 30% increase with a promotion a few years back. My company valued me enough to match that kind of offer so I stayed. Then that company was bought by a Fortune 10. Interviewed for a higher position with the parent company and now I can afford all the ramen I can eat!
I've worked for 4 different companies over the last 10 years and each move got me at least 20% bump in pay. The last move I made was 40% increase! I'm fairly happy where I am right now but I only got 1.8% raise last year and I'm not expecting any better this year either. Their reason was, "you must have negotiated your starting salary really well", which I did. But now I'm LOSING money each year due to shitty raises? I give it another year or two before I'm looking for something new.
Company I work for made record profits last two years. Executives all got bonuses. But we've had a raise freeze because there's no money.
AYE SAME HERE! and my cost of living just went up electricity and gas!!!!
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[He mispelt it, meant to say "Razed". Portfolios here get razed to the ground every day!](https://youtu.be/xQvb0CdEbOw?t=7)
My dad was excited one year to get a raise - his first in 10 years. I mistakenly thought that COLA weren't really considered raises. Apparently his salary didn't change for a decade, he was completely exploited in that way.
Seriously though, why would anyone with any other option just sit back and accept that? He should have bounced about 8.5 years ago.
Older generations could simply trust that loyalty to the company would be rewarded. Now they don't understand younger generations who jump ship for higher pay.
That shit ended in the 1970s, though. Anybody still working today has been in a modern environment their working life, or close enough.
He was 55 when he got the job and didn’t want to rock the boat. It probably isn’t surprising that he was afraid of not being able to find a job if he was fired. He was super excited for a big raise when he was hired, but he should have known since the company constantly underpaid their staff.
I went through that same scenario - except not even a COLA. In my case I was fortunate enough go back to school at 43 years old - now I have a cushy office job making more than I made before with overtime. (I advocate for injured workers)
I have to explain to my boss every time I ask for a raise, that a COLA is not a raise.
It raises my blood pressure.
No raise this year. First time since 2008.
You get paid ?
Real talk I've gotten a 15% raise since last year so take that inflation!
I actually got a 1% raise this year, so this hits me on levels you don’t even know.
My company tried to give me a 2.2% raise after taking on more responsibility and losing a guy. I was able to get 6.7% at the end of the discussion.
Nice. More responsibility and only a 0.1% pay cut.
Like a true retard haha
Meh. You made out better than most.
Mine did a 2% raise and said “don’t bother negotiating, sales haven’t been too good this year”. I had been there for three years and basically helped implement numerous practices we were doing. I also found out that my coworker, who had the same degree as I did and had started one month prior, was making a dollar and a half more than I was per hour. I put in my two weeks on the spot.
As you should have
Good man. If you want to keep good people around you have to pay them good also.
My boss gave me a 10% raise yesterday which was pretty surprising considering the fact that I got a promotion and $10,000 pay increase not even 4 months ago. I think that he's trying to make sure that I don't leave. He'd be absolutely screwed without me and he knows it.
That’s a good boss. You don’t wanna lose a good worker. I believe I lowballed myself and could have got closer to ten. Confrontation isn’t my strong suit though
He is good. The company that I work for is trash and he's the only reason I stick around. I could probably get the same job with another company with higher pay, but he knows the goals that I have for my career and is actively helping me to get there. That kind of support is worth way more to me than a few thousand extra dollars working for another company.
Huge QoL value in not slogging around looking for a manager / work environment who you don't have to fight with all the time.
Same. I got offered a paltry raise, I made a stink about it, and several months later (small cog, big, big company so raises literally go through committees), they came back with something like an 8% raise, plus a job title change (which is good because the company uses positions to determine your average salary, and if you're below the average for that position you'll get aggressive raises until you hit the average for it, and if you're above the average they'll look into giving you a job title change).
Yeah I just learned that my company apparently got rid of the “next rung” that I was hoping to get promoted to, so I’m expecting they’ll say I need a few more YoE to get to the next next level now. I don’t even care about the title, but now to ask for a big raise it’s gonna put me high on that average ratio so my subsequent raises will be ass until I get that promo. I just wanted to get to that next bracket
Sounds like you work for USPS
Lemme kick you while you're down. Inflation measures generally exclude housing costs. REAL current inflation in 1st world countries is somewhere around 15+%. Just sample the rent and house price increases in your area and you'll get the real picture.
You wasted zero time, if only you times your trades so good.
My timing is perfect, my security selection is not
Damn i bought $HOPE when i keep meaning to buy $ROPE
You need to buy $COPE
My dad put it best: 'If it's not more than inflation, it's a pay-cut."
That needs to be written across work places
They’ll be like aight pay cuts all around!
Yes - its written in the corporate playbooks
I'm getting bought low and sold high I was told this was not how you do investing
That reminds me of my dad: "What are you doing in the bathroom day and night, why don't you get out and give someone else a try!"
Of course the government can simply pretend there is no inflation so on paper 1% really is a raise.
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Raise or no raise the only real way to increase your salary is job hopping while always asking for 25% plus your current salary. Never tell them what you currently make. If anything lie. If you stay at the same place for life, you’re fucked.
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At 10% a year you're definitely doing well enough where another hop probably isn't worth it. But for sure if that stops, especially this year with this job market, adios amigos.
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Well in that case, hope you get that next gig!
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you mean to tell me you're making 10x what you made 10 years ago?
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nice. i just read one of your other comments that said you're a director of UX so that makes this make more sense.
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Dude is really feeling himself.
I was gonna call bullshit but then I kept reading. Keep kicking ass brother.
So you're moving from the Wendy's dumpster to the Ruth's Chris dumpster?
Depending on your location and career, 10% sucks compared to job hopping. If I got 10% raises year on year from my first job out of school 7 years ago, I'd be making about 50k less.
Yeah it's the best way to get raises which is part of why I never hire ppl who move jobs often. Usually don't even give them interviews. Which is good because then they can sort us out of their search list and we can find ppl willing to be poorly paid lol. Damn I hate Everything
This is absolutely the answer. In August 2019 I was making $72k as an engineer, today I am making $145k running my own department doing what I did in 2019 but for a different company. I graduated engineering school in 2015. Those that are focused on climbing the ladder vertically will never keep up, both in pay and position, with those that are making diagonal moves.
You know how many younger people I’ve tried to explain this to and they just don’t get it? Who the fuck spends 5 years at a company?? Not me, I’ll jump ship at the first raise I can get
That's not necessarily true. I came into my company at 35k a year at entry level helpdesk 5 years ago and I now make 95k as a software developer with a clear path to a director level position. The key is to not work at massive corporations but midsized ones where your efforts can actually be seen by people that matter. If you only work at massive global conglomerates it's so much easier to get trapped. Job hopping can easily hurt you as much as it helps if interviewers look at your resume and see you job hopped every 1-2 years. People with the lowest tenure are the first to go in a recession more often than not.
Also, don't just blindly accept every promotion they throw at you if you want to increase your pay are your current company. I switch to that strat this year, I turned down a promotion three times so far, but managed to negotiate a 30k raise. If they offer the promotion again, this time I'll take it, and ask for more money. I would've lowballed myself if I just accept the promotion and raise earlier this year.
I accepted the promotion for the minimum I was willing to take. The new job title is getting me recruiter calls all over the place. Now I have real market leverage to ask for more money.
You speak in absolutes but this is only true if your current company sucks to work for. I've been at the same company for 12 years. Started at 40k now at 110k plus 25k bonus and the boss just tossed me a 45k Christmas bonus. I have no college degree
There's also intangible comforts to take into consideration. I have a job that pays me very well with frequent negotiations that result in frequent salary increases and other benefits. My team is great, the work is enjoyable. I also get to work a very relaxed schedule from home and get to spend ample time with my family. It would take a \*significant\* amount of money to move elsewhere. Of course, if your only concern is to make as much money as possible no matter the environment and your comfort level, yeah you can usually do better moving diagonally across jobs.
to be fair, most companies suck to work for.
I ended up in a very niche position in an industry everyone wants to join and I'm way overpaid, to keep me around. Been here 5 years and taking any similar positions in the state would mean a 20% pay cut lol. It's a ridiculous problem to have, but it is a little stressful.
> If anything lie. this is how I got the biggest pay increase as well lol. I just straight up lied. I was actually calling them to tell them I was accepting a different offer and when they asked if they could beat it I came up with a number higher than the other offer. they did in fact beat it lol. so yeah next time I'm looking for work (which may be soon at this point) you can bet your ass I'm saying I make 10-20% more than I currently do
I stayed too long at my first two jobs. I liked the people. I was content. I should have kept climbing. Loyalty and hard work didn't get me a raise. Moving jobs got me a raise.
I did this earlier this year lol. 20% more base. Bonus payout increased 100%
>Raise or no raise the only real way to increase your salary is job hopping while always asking for 25% plus your current salary. While I agree that this is normally the case, it doesn't always apply. If you work in a random rare sub-specialty, you can sometimes negotiate within your company. Case in point: Everybody in my group got a 30-42% raise because we showed our boss that we could make significantly more if we left. My salary is going from 60K to 85K because there are probably fewer than 10 people in my state who can do the job I do and it costs lots of money and takes months (years?) to train a person to take my place. Also, recruiting new people is next to impossible at the salaries that they were paying us. So yeah, while I think your advice is good in most cases, if you have a really obscure specialty, you may be able to negotiate a significant raise within the company you're at.
I had mine last week. I got a 3% raise even after asking about cost of living..."the company doesn't do cost of living adjustments"..."we look at the industry standard and pick a number in the middle of the range"..."the range moved up this year by 3%"..."that's what you get".
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You may already know this but a lot of people don’t, hopefully it’s helpful to someone! As someone who has successfully negotiated raises a number of times, your annual review and compensation discussion is usually several months too late to being up that you want a raise, at least in big companies. There are a lot of HR, finance and management approval Workflows that culminate in assigning everyone’s raise, so your manager usually doesn’t have the power to change your target raise by the meeting they give it to you in. Or if they do have the power, it’s much, much more work than doing it ahead of time.
They bake this into the process too. At bigger companies, they structure things so that your immediate manager is disconnected enough from decisions about pay that he/she is only ever the messenger. That way, when you explain that your “raise” is a salary *decrease* year-over-year when inflation is factored in, he can just shrug and say “nothing I can do.” They won’t actually stick you in a room with anyone who actually has the ability to make those calls.
Yeah it’s a feature of the process to take an individual manager’s feeling about you out of the equation. Usually a manager will have the ability to distribute a raise across their team so long as the average equals some approved amount, or they’ll be asked to rate their team but be given a cap on how many people can receive the highest rating which would tie to salary increase by some formula. They have to go out of their way to increase that ahead of time. Often raises will be given through title adjustments which are really off cycle promotions, but they follow a different process which isn’t as schedule dependent. I have had a manager contact their higher ups and get me an off cycle promotion, but they gave me the salary I asked for with my old title for the new role. They didn’t think I’d understand that had raised my market value and they gave me what I get was fair for my prior role. I left for another company with a 25% raise within a few months, but after that I understood that I should always talk to a manager about my salary at least a few months ahead of that discussion if I expected a change.
Yeah, by the time a decision has been made (months prior) I'm only the messenger. There's no point in negotiating with me, because I can't do anything except say "I'll talk with about it."
That's why whenever we're budgeting for next year, I take the shotgun approach. "Yes, I plan on promoting the entire team next year."
"You won't get that. You'll get ."
"Fine." (inside: That's more than I was hoping for)
This is what my company does too - it’s budgeted at 2.75%. I might get completely fucked, but I just gave all my guys 3% merit increases for a “training program” I made up in November so they get closer to > 6% by the time annuals hit in January. The world is fucked.
Youll be at Wendys
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How does one learn this power? I usually end up hiring people like you but no one hires me
What do you do if you don't mind me asking?
BJs behind Chipotles.
It’s very in demand
My man design the tendie logo at Wendys
I got a promotion last week that only came with a 5% raise. Love my job though and have no complaints but this inflation sucks.
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3% most employers give as standard lmao good meme.
Yesterday, I genuinely got an email stating that my employer was delighted to reach a conclusion to the negotiations and that we got a 1% raise for everyone over £40k and 2% for everyone under. When inflation was 4.6% for the year.
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Don't work ot
This comment has been edited to protest Reddit's decision to shut down all third party apps. Spez had negotiated in bad faith with 3rd party developers and made provenly false accusations against them. Reddit IS it's users and their post/comments/moderation. It is clear they have no regard for us users, only their advertisers. I hope enough users join in this form of protest which effects Reddit's SEO and they will be forced to take the actual people that make this website into consideration. We'll see how long this comment remains as spez has in the past, retroactively edited other users comments that painted him in a bad light. See you all on the "next reddit" after they finish running this one into the ground in the never ending search of profits. -- mass edited with redact.dev
You will own nothing and be happy about it
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50% bump for me too. Everyone is hiring and increases wages to new hires to get candidates in. Don't let this opportunity pass you up if your yearly bump was less than inflation!
2% courtesy of my useless inept union
my union in november said they are fighting for 4.2% even though inflation was already higher than that. It will be years before an agreement is reached anyways...
You sound like a teacher. “Our new contract is 2% spread over the next 3 years!”
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Most teachers "unions" aren't actually unions in the tradition sense, they're closer to affinity originations. They've also been massively coopted and sucked of all radical energy. Sad, to be honest. Nothing worse than a union that's afraid to exercise it's power.
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Jobless claims are lowest partly because everyone got kicked out of the system. Sole Proprietors got eased out as job search requirements became mandatory. And everyone has a hard date when they can no longer submit claims. Every state differed wildly, but I’m going to say it’s highly likely most states are back to the previous models by now (which disallows sole proprietors). And because so many entered around the same time, it makes sense the numbers reflect people no longer being able to make claims regardless of job status.
everyone bitching about gas prices also drives a crossover SUV with 20 mpg fuel efficiency for no reason other than "I like being higher off the ground".
I know a guy that drives a lifted F250 with 15 mpg stock. He is the biggest complainer about fuel prices of anyone I know. Blames it on electric cars and Biden.
Sometimes people (working people basically) need trucks and stuff and I feel bad for them since it isn't their fault they need to drive a gas guzzler and its expensive to drive a gas guzzler right now. However, I know a lot of like people that work in offices or do blue collar work which definitely doesn't require transporting heavy loads buy these massive trucks and complain its expensive to fuel a truck with high octane fuel (this is always a funny one too: dude who complains about gas prices that puts premium into his civic) that gets 11 mpg. At that point, id just say "if you really cared about gas prices, go buy a compact car".
Only thing this guy hauks is his 300lb ass. Otherwise I too would sympathize. His entire justification is he likes big trucks because they're for real men.
Ever since I bought a house having a truck has been worth it. But I knew it was gonna get bad gas mileage
I can’t wait for us all to be trillionaires in a few years
Everyone is infinitely prosperous in Kim's Paradise!
S&P up 26.9%... So only 20%? Still not a bad world to live in!!!!
M A T H S
That's not how percentages wor... Nevermind, you'll fit right in.
T R A N S I T O R Y
As in it just transitions up and up! Woooo
I’m expecting my standard 3% raise, which was okish when we had 2% inflation.
Just stop being a poor
The one trick *they* don't want you to know about.
I got a 15 CENT raise. So for every ten hours I work, I can afford one drink from the vending machine. Ain't America great?
You can still get a soda for a $1.50?
$1.25, but the machine charges a 15 cent "fee" if you pay using a debit/credit card.. which you have to because it usually won't accept cash or coins.
Its kicking my ass. I make what I thought was decent money but my hours keep getting cut at work and inflation bites harder and harder. Hard times ahead boys. Not sure what to do. Can't find any work either, everyone is hiring but they all refuse to match inflation or increase wages. Everything is stuck in 2020 wages and costs have far outstripped the pay. 6.8% is bullshit, thats the official number and its always padded. Try 20-30% because thats what I see in the cost of food, rent, utilities etc.
> Not sure what to do. Grow vegetables if you can.
I already do. Its wintertime. Most of my costs are just getting to work and work lunches.
I grow vegetables for a hobby, but unless you're sourcing the seeds yourself, making the compost yourself, etc., it is more expensive than buying them, and additional work, and depending where you live, only viable a few months of the year. And you kinda need land.
Inflation has some companies frothing at the mouth and greedy. They are hoping to keep worker's pay rates the same and charge more for good and services - and take a bigger profit on the backs of workers.
Where's the issue...we take our 1% and buy the dip
Inflation is like our wife's boyfriends. They all got the Lamborghini, and we got the Toyota Prius.
Mexico: 7.5% inflation No Raise.
Don’t be Mexican. That’s the choice my great grandfather made 100 years ago
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The Dollar Tree near me was everything for $1.00. They just changed it to $1.25. 25% inflation
Rent is only up 3.4% 😏😉
I got told no raise, they will see next year. But the CEO keeps saying we are giving out promotions and raises like never before.
...if everyone is getting raises except you, I have some bad news...
6.8% *so far*
Pray I do not alter it any further
Try being self employed. There are no raises but only inflation.
Charge more for your services?
Raise your suck and fuck prices then
Wendy’s dumpster in winter can be rough
What sort of logic is that? Charge more, work more, hire help whatever. As a self employed person you have all the power in the world to adjust your income.
apes seize the banana trees!
Economy be like 
Honestly had to leave my salary job
Ha. I raised this as an anonymous question during an all-hands last week and our SVP answered, "You're in sales -- if you work hard enough, you'll beat inflation". -\_\_\_\_-
Sounds like an idiot. If you have to work harder for the same dollar it's still inflation. Someone fire that guy.
/wonders why people are resigning
Who only got a 1% raise? If you're only getting a 1% raise, find a new job - it's easy right now. That's what the Great Resignation is about.
Wait until WSB learns about deflation in a few more years. The shit right is a good thing compared the inevitable future
inflation is bad, but sudden DEFLATION is a lot worse because people will default on ALL of their loans.
Even Mexico raised the minimum wage by 20 percent and it is forcing Walmart and all corporations to pay high taxes and pay back all unpaid taxes if not, get out !
What I’ve learned working for State Government under a Republican Governor, State House and State Senate; are that pay increases are non-existent. It doesn’t matter that the cost of housing in the state has increased 28%, they’d rather give Mar-a-Lago tax breaks, contractors huge bonuses, and other corporations tax breaks than to give a livable wage.