Hello All - I work in the IT department of a Fortune 500 company who is not a competitor. I wanted to see if I can learn what other Fortune 500 companies did in 2021 and 2022 in terms of adjusting pay due to rising inflation.
My company did nothing so far and people are upset, we are being told that we are being paid the market wages and that we have low attrition and that therefore people are not upset and are happy to stay.
I've heard that many Fortune 500 companies had pay adjustments in 2021 and 2022 and I wanted to share that information with our ELT regardless of the BS they are feeding us.
Anyhow, please share if your org had any adjustments during 2021 and 2022 - I and I am sure orther layoffs.com visitors would appreciate that.
Thanks...
7 replies (most recent on top)
Darren has some inflation for you in his pants.
@xrr+1jO1DF3u Are you talking about all of those great companies with hiring freezes and active retrenchment programs. Cool!
Lol nice try BK. You’re gonna keep losing your hotshots to companies that know how to value employees
Hello HR. Nice try.
Yeah millions for me as a manager
Lol
At Exxon (IT) i got 10% in 2021 and 14.5% for 2022. My boss told me to expect 30% for 2023