#raises

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Raise without promotion?

I've worked and pushed extra hard for my in-seat promotion all year, after years on team and at same low C-level trying to get my AVP which I see as finally earning your stripes within Citi.

I've done pretty well with raises the past couple years and pretty sure I've got to be maxing out my salary in the undisclosed 'salary band(s)'. Been getting signals that it's looking pretty positive for this new year also, but no sign or mention of promo.

Is it possible to be earning within the next band without the badge?


If you are young person, you need to look externally

Older folks can try to ride it out. But if you are younger person you need to look externally for opportunities. Going from 4.5 to 3.5 % is a ~23% cut on 401k match, plus any lost compound interest. Also factor in medical premium increases for next year. Your financial position is now worse, it doesn't make financial sense to continue here (which is obviously what they want so they have to pay less severance). Yea the job market is tight and not everyone can find another job, but financially, you owe it to yourself to look around as you are doing same work for less $. I am not even going to get into bonus and raises because we all know that will be close to 0.


Watching all the good people leave

It's getting pretty empty around here lately. Several of the sharpest people on my team just left for much better offers. And if they managed to get better offers in this job market, you know they're good. It's frustrating because a simple, competitive raise probably would have kept them. But I guess that kind of forward thinking is asking too much from this place.


Aviation Division

I saw MM just posted a position for a new corporate pilot salary of 240k to 320k. I was not aware that MM employs 14 pilots and an additional 21 highly paid support staff.
So let’s just say the average employee expense Is 200k a year that is at least 7 million in salaries plus the cost of the multiple aircraft, including insurance, flight fees, fuel, and whatever else is needed, the total expense is probably at least 10 million per year times the last ten years = 75 to 100 million accounting for inflation. Just so the SLT flys luxury and isn’t subjected to joe public ,the people RC always says MM value so much as our customers. All the while the average employee is nickel dimed on raises and benefits. Anyhow just wanted to share. Happy Holidays to all!


So that is why there is no salary raise

Because first we had to spend it on penalty.
Next year, because we had to spend it on restructuring.
Next year, because we were not done with restructuring yet.
Next year, because it was tough year.
Next year, because we need to restructure again.
This year, because we URGENTLY NEED A NEW LOGO and another AI bull...

This is comedy gold


Getting a Pay Cut...

Got an annual raise of 1.3% as a TDGUS employee. U.S. inflation is probably in the 2.5-3.0% range next year (~2.9% for 2025?) - so I'm effectively getting a pay cut. Why does the bank think this is OK to do? I like working here, love my work, and enjoy collaborating with my coworkers. Rated middle of the pack - I'm not expecting a crazy raise or anything - but at this rate I will have to start looking for another role inside or outside the bank just to keep up with the cost of living. It's just depressing that to see $hit like this...


Sub-Par Company

The usual old folks in higher up positions, that make all the money at Zebra, said how important it is to work from the office by wanting you to come into the office 3 days a week. As usual, companies like this pull this stuff to force you to quit as their new form of layoffs. While they say that they are profiting and growing, we get no significant raises. In fact, raises at Zebra are MUCH LOWER, than other companies. The higher up postions line their pockets, us regular folk barely get any scraps or a good wage to fight this inflation. They also love outsourcing people at Zebra instead of focusing on Americans. American company that doesn't care about Americans. Sub-par benefits, sub-par bonuses, sub-par raises. They try to convice you to only rely on Google Gemini AI summeries as they are heavly shoveling AI down your throat so you don't think for yourself. AI is just a tool that's not even 100% correct... As usual, consume their propagana that, how those higher ups love to think here. Examples of their mindset below:

  • Corporate BS = good
    come in to the office or else = good
  • Remote work = bad
  • Hire a bunch of overseas people to pay them cheaply and give those people remote work = good
  • Give the worst raises and bonuses = good
  • Hire postions that track every bit of your time AND don't understand your job so they can try fire you = good

How can these higher ups say they care for their employees when they think like this?