Thread regarding Wells Fargo & Co. layoffs

Capitalism is fun.

My increase was 1.8% and the bonus was $26,000. I need to start interviewing

i received a raise they didnt want to give me by me working from home since 2020 and not having to pay bridge tolls, gas, car maintenance and parking fees for the last 2 years. They are not happy with that lol.

Meanwhile Shart gets raises

On the plus side your mortgage doesn't go up, and that is likely a decent chunk of your expenses. Taxes don't change either. So not sure you can apply a single inflation number against your entire salary and get a good estimate of overall impact. If only half your outflow increases by 8%, but your total income goes up by 4% that might just even out.

Starting next year sounds like everybody will be getting part of their bonus in stocks. That means less cash up front and we will be chained to this place for the vesting period. Vesting period will never end b/c each following year stocks will be added that are not vested…. Many companies are doing this. The question that we should us ourselves is this worth it?

@zrw+1f0zREvK and just like other tricks the parasite class pulls to make YOU, peon, FEEL like one of THEM is to start including you in their little club.

$10k of RSUs in lieu of cash compensation saves them money keeping you here for vest periods instead of seeking better opportunities to leave them for. Now you're one of THEM, it's in your best interests to keep costs low so stock stays high!

@wiw+
You're paid through out the year not in lump some at year end.

Not sure why you’re using average monthly inflation for 2021 (4.7%) , it should be YoY January inflation which is closer to 7%

OP just learned how corporations make money.

Hint - it's not by writing checks.

Corporations make money by paying you the least they possibly can for the work you do.

That's why HR and the exec's look at comps for similar companies and industries.

Companies do not give raises based on cost of living.

Hey, for fun sometime, go look up how much CEO's make compared to you now, vs. what they were paid 50 years ago.

It went from 4 to 7 times more to over 400% more.

Be angry at the parasite class (people getting paid in stock options).

Fun fact, they often pay no taxes on those millions!

@ags+
I agree it feels far higher than 7%. Gas prices are off the rail, food, booze, cars, housing and rents, you name it, it feels more like 15-20%. We're like frogs in a pot with the water where the temperature is slowly rising.

0. 8% and bonus was same as prior 3 years

What was your increase and bonus for the year OP?