Get away with only giving a 3.5% increase? Archived Message Posted by OB25 on June 10, 2022, 10:32:38, in reply to "There are industries that can still get away with that?*" Any of you that find this hard to believe should be thankful for the industry/company you work for. The only way to get meaningful raises in my industry is to get promoted, a 3.5% merit increase would probably be about the max that I’ve ever gotten or have been able to give to people who report to me. With 0% being more common. Merit increases are totally dependent on financial performance for me, and even if performance is good you better also have an above average performance review rating. Previous Message Previous Message I told my boss that might make people more angry than if they’d just left it at 3%. Previous Message Previous Message Just found out I have a whopping .5% to dish out per person over our normal. Super smart thing to do in a job market that’s on fire. Message Thread: | This response ↓ Is your company giving more merit increase than usual due to inflation? - Carl Spackler June 10, 2022, 10:08:38 HR is working with some firm to do a salary survey to see if our salaries are within range - biclops June 10, 2022, 14:05:00 Average of 5% for staff. Mix of COLA, merit and equity - Vandy June 10, 2022, 12:34:14 was it at least name brand COLA, like Coke or Pepsi? - IlliniSax05 June 10, 2022, 12:38:23 RC, obviously* - Vandy June 10, 2022, 13:19:16 ooo - Sammich June 10, 2022, 13:21:19 Exactly what went through my head when I posted that* - Vandy June 10, 2022, 13:27:47 You know it couldn’t have been Walmart brand. * - doubledown June 10, 2022, 12:50:07 I haven't given myself a raise in years. Small business ownership FTW* - HamptonSki June 10, 2022, 10:55:20 Don't think we're getting any raise this year. 93 months until I retire!* - CubsWonWorldSeries June 10, 2022, 10:48:38 I’ll also add to what others have said below — LOL * - MC June 10, 2022, 10:46:27 Yes. Got a "market correction" increase in late 2021* - ATL June 10, 2022, 10:40:05 Nope* - Tooldresser June 10, 2022, 10:38:59 LOLOLOLOLOLOLOLOLOLOL* - Chicago1995 June 10, 2022, 10:37:31 LOL. * - doubledown June 10, 2022, 10:36:43 3.5% instead of the typical 2!* - lcubed June 10, 2022, 10:35:57 Ditto* - ISeeDeadHawkeyes June 10, 2022, 12:38:36 I got a 5%, which is the largest non-promotion raise I've had in awhile. - KingTalkyTiki June 10, 2022, 10:33:50 Lol no. In Feb got 2.9%, so effectively a pay cut* - GrandmotherPearlsJam June 10, 2022, 10:28:10 we don't pay enough to live here anyway* - assassin June 10, 2022, 10:28:02 Doesn't know his actual salary -> * - illini June 10, 2022, 10:27:42 lol - uofi1998 June 10, 2022, 10:27:15 Guess not so related to CPI, but yes an annual small adjustment with 3% as standard.* - Carl Spackler June 10, 2022, 10:34:59 I spent so many years at a company where no merit was guaranteed and often not given… - OB25 June 10, 2022, 10:24:50 Nope.* - GhostofPokeyStixPast June 10, 2022, 10:21:44 .5% is insulting* - longsnapper June 10, 2022, 10:15:29 That’s over the typical 3%, so 3.5% for most employees. And yes, it’s ridiculous. - Carl Spackler June 10, 2022, 10:18:59 There are industries that can still get away with that?* - OrangeSox June 10, 2022, 10:19:38 Get away with only giving a 3.5% increase? - OB25 June 10, 2022, 10:32:38 same here, and an above average performance review is functionally impossible - Sammich June 10, 2022, 10:45:20 No...we get the typical 2.5-4% but I feel like we're already significantly overpaid... - haighter June 10, 2022, 10:15:25 My industry: “you want a raise? Sell more”* - ArtVandelay June 10, 2022, 10:14:13 Coffee is for closers* - WhitmansFolly June 10, 2022, 10:26:47 I feel like the job market is slowing... - Dilbert June 10, 2022, 10:13:07 ooo - Sammich June 10, 2022, 10:12:05 Right^^^ * - Jackie June 10, 2022, 10:17:07 Feds likely upping my pay in the 4.6-5.1% range……next year* - timmer June 10, 2022, 10:11:54 That’s COLA, though, not merit increase - DT June 10, 2022, 10:22:42   Searching