I see that the performance review cycle has started for some people. It would be good to have some insights on raises this year and the rating associated with the raise.
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Annual inflation averages out to be 2.75%. This is a known calculated average from the 1980s to current.
If you don't get 2.75% raises (or close to it) you're losing money. You could rationalize that your raise should follow the current annual inflation rate, but I think in the long term you'd be shortchanging yourself.
You need to get over the idea that we live in any blend of meritocracy anymore. Outside of being able to bluff that you personally bring money into the company, or hiding the fact you've little talent for your position (Read Peter Principle). There is nothing that is considered meritable at a large Aerospace company with regards to good work, or a good work ethic. All of them are the same way. However, nothing is absolute, and there is always a 5% to 10% exception rate.
This is the current culture that has been created by American liberals because of exterior political polarization, and a culture that now expects handouts, and a paycheck just for showing up to work.
This mindset is further enforced by the way the Large corporations are doing business when it comes to considering raises. This is what you get when you start having large swaths of regulations allowing special considerations based on race, s-x, religion in the workplace. The workplace should be blind to that but it isn't thanks to liberals' unintended (or intentional) consequences. When you start asking for special considerations in the workplace, you break the overall framework of a structured, fair, and merit-based promotion and raise system. Over a long time, it then degrades into a system where everyone looks for a special consideration niche for promotion and advancement causing further erosion. It is Human psychology that transcends any race, s-x, or creed. Further erosion causes a whole system of special considerations that would be akin to a Communist or Socialist nature. We're not there yet.
2% is not “good”. I used to get $1-$2 raises annually before this percentage junk, over 10-15 years ago. Just for perspective, to get $1 raise at a 2% increase you would have to be making $50 per hour ($96,000 annually). To get $1 at 3%, 33.50 per hour ($64,320 annually). 2% or 2.5% is a slap in the face for the type of work we do, regardless of your job title. Raises seldom ever meet inflation, and you are only given just enough to keep you around. If people started quitting in masses over 2-3%, then they would start handing out 4-5% increases. It’s all in what they think the minimum amount they can give you is. It’s not about performance, year after year, the people you watch come in late, not participate, do next to no work, point fingers, etc. They get the same “good” 2-3% we all do. It’s not about performance, hasn’t been for a long time. Wake up.
2 to 3% is always the average and considered good.
Yeah many good performers have left since the raises were underwhelming this year.
It won't be a good statistical population for you to draw from. Besides, last I heard RayTurd was still drawing from a static "Bell Curve" Model. That way it affords them the opportunity to tick off good performers within a group and push them to leave the company. Ask me how I know this. Just kidding, don't ask me.
It’s started at my building yesterday. I have yet to get mine but if you were hoping for a raise to at the minimum meet inflation, you’ll be sadly let down. From what I can gather it’s the standard 2-3%.