I recently noticed a role similar to mine posted on a job board. My current pay is at the lower end of the posted range, even though I've been in this position for years and have significant experience. Is this common at TIAA? I understand this happens everywhere, but between the high inflation over the last five years and receiving almost no raises for staying here, I can't help but feel bitter.
6 replies (most recent on top)
@dx roger. Copy that !
@df don’t trust management. Rarely, if ever.
This is large corporate SOP in the US. Don't overthink it, just focus on yourself and your own compensation numbers and where you want to be.
You need to be changing jobs every 2-3 years for at least 10-15%+ increases in salary.
I repeat, you need to be changing jobs every 2-3 years for at least 10-15%+ increases in salary.
It is commonplace at TIAA. A manager has to fight to get your a decent salary increase. It looks to be more of a fight if the employee is status quo (ie, not promoted). I received a laughable increase in salary when I was promoted at TIAA, and I had to push back hard to get my salary at a somewhat reasonable number (which was done after 6 months in the new role). I found out after I left TIAA that people doing less real work were paid much more than I was. It is all in how hard your managers at all levels will fight for you.
"Businesses treat wages as an expense to reduce, meaning they aim to spend only what is necessary to fill a position. Long-term employees often receive small incremental raises (such as 3% to 5%) that fail to keep pace with market rates or inflation, making job-hopping the primary way to increase earnings."--If you really want to make more money, you need to be willing to change jobs, and/or companies every few years. It's unfortunate, but it's the reality.
@OP yes. If they bring someone in from the outside in the US, they will pay them more than you are paid. If they bring someone in from India, the Indian will be paid less, and the pattern is that they will fire you. It’s a no win situation for you.