It seems like most people upset about their raises are those who are bonus eligible, which suggests that they make good money already. So I'm curious if people who are complaining about a 2% raise got the same monetary impact as someone else who makes less who got a 4% raise.
So instead of paying your percentage, what was your actual monetary raise? Mine for an Exceeds rating was about $2800/year.
I’m in the same boat dollars/percent-wise. Was also informed that due to changing skill priorities, there would be no likelihood of material increases in my future in this role. But there are big things that I am needed for so thanks for sticking around even though you will never make more money. The bank needs you, will you answer the call?
So basically no raise but I did get a motivational speech and we have been sending out more e-cards telling people “good job”.
My effective no raise is also partly due to really good raises in the past, but WF is running out of goodwill when I calculate my average increase since date of hire.
Pension "bonus" from prior employer is $1,140 per month. Social security "bonus" from USA government is $50,000 per year. Bonus from Wells Fargo this year was $0.
Merit increase was $7500
That sucks. I bet it cost WF more than $650 to decide to give you that pitiful raise. So sorry. Thanks for taking the time to share.
Meets. My raise was ~650 annual. Salary is ~120k.
Essentially zero raise. On paper, it was like point seven percent or something.
Not sure what message they're trying to send with that. I guess I "meet" their expectations. But WF sure doesn't "meet" mine anymore.
Last time I checked, it would be illegal for WF to prohibit discussions of wages at the very least outside of work hours. And it would be illegal for them to retaliate against you for doing so.
https://www.nlrb.gov/about-nlrb/rights-we-protect/your-rights/your-rights-to-discuss-wages#:~:text=Under%20the%20National%20Labor%20Relations,their%20workplace%20about%20their%20wages.&text=However%2C%20policies%20that%20specifically%20prohibit%20the%20discussion%20of%20wages%20are%20unlawful.
Not illegal in CA to discuss wages. Not many colleagues share, tho, and how do you know if info is correct?
@hye+1f4oMm1P Yes, and you're fired.
Your compensation is not confidential unless you sign a document stating you will not do so. HR can be all unhappy about it otherwise but you can share what you want to.
can’t you get fired for posting confidential information on this site?
Meets (but was new to role half way through year)
2000 even, which was like 2.3%
Couldn’t survive without that .3% ya know?
😑
About 3200. Equates to 2%. Last year got no raise. Bonus was 93% of old target. So about average for me.
It's not against policy although it used to be. HR decided a few years ago it couldn't be against policy especially when invoking more transparency about compensation. Anyone who says it's against policy is ill-informed.
Thanks for sharing! I really appreciate it.
$2500, or about 2.4% merit increase with a bonus of about $15k (close to 15%). This is close to what the bonus target would have been, although when I was first hired, the bonus target was 20%.
Hate? Cyber bullying? Please quote the responses that are supposedly spewing forth such negativity?
Only one that might be portrayed that way would be @frm, unless other posts were deleted.
Nobody answered the question but instead cyber bullied the guy. Losers
Wow. Didn't expect this much hate for a simple curiosity. I totally get that a $3000/year increase is a different relative impact for people who make less or more. I was just curious what the actual monetary value were for those who post they got a 7% raise vs a 2% raise with an additional bonus of... Who knows how much?
Stating percentages is fine and dandy, but it didn't give the full picture.
OP or Mathematically Curious
Get curious about economics, because you need a serious education in that area
Folks living in SF and NY also get paid more than folks living in other areas. So, that is already accounted for.
there is no policy against speaking about your salary. feel free to tell everyone you work with but be prepared to either have them feel like cr-p if you make a lot more then them or vice versa. also, end of the day people want to be rewarded for their work. whether you make 20k per year or 20m and given we all tend to live within our means, as ones salary goes up there expenses tends to follow. i have worked hard over the years, gone to school, put in the time, pushed for promotions, and self promoted by changing roles when I wasn't getting anywhere with my existing groups, I don't think I am any less deserving for a raise or bonus than someone making less then me, we all work hard and should be rewarded appropriately. also, using % and not $ helps to normalize
I understand its against policy to speak about your salary , etc.
FYI- bonus eligible absolutely does NOT mean making good money already
$ is an carrot/incentive to do something, i.e. work harder, work smarter, look after the company resources successfully, positive PR etc..
If you're making 50K and get 2.8K increase, how much more motivated are you?
If you're making 250K and get 2.8K increase, how much more motivated are you? Likely a whole lot less, it will have less meaningful impact on increasing ones standard of living, and its taxed a much higher rate both in terms of Fed/State/Medicare etc..
People also don't seem to factor in some places like NY and SF cost 2X what it does in other parts of country.
North of $10k for an exceeds.
This pushed me from borderline negative monthly cash flow to positive monthly cash flow.