3% budget released to managers today in the US.
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Very hard to stay upbeat…pretty tired of townhalls … but the thanks email for all your hard work… pretty meaningless
Those collecting Social Security received an 8.7% increase effective 1/1/23 which mirrors the increase in the cost of living over the past year. Did anyone get a 9% raise at Fiserv?
Just enough to say we gave employees a raise despite the economy downturn. This will be played as a positive in the next townhall.
First time in 20 years I’ve had a good review and 0% increase. The report to office mandate has been tremendously expensive ($50/week in gas and a 20% increase in insurance for starters after over 15 years of remote work), so effectively I’ve been demoted.
The bonuses are known, the merrit increase will be known this month or next month. @2ihm+1ly0AnTA
It really simple: If your inflation is higher than your pay raise you are loosing money. The talk about why you should have xy% pay increase what are you doing more for company is BS. Are groceries xy% more nutritious than year before or do you get more of them for the increased price? Just think yourself as a company. If your inputs (eq food, things that you regularly buy) are more expensive then you should charge more for your output (your price for time at work). Also forced return to office which will require relocation to more expensive areas and gas bills for some is another expense on top of that. I'm fortunate enough that I can change my jobs fairly easily and most likely I'll do it in comming weeks.
Absolutely correct. Those who put in the hard work will be rewarded with higher pay. As long as the hard work is part of a job search and the higher pay is coming from a superior company.
How much did new hire pay increase in the last year?
3% is the pool - managers can use based on performance --- great performer could get 8% and a marginal performer 1-2%. Great managers will pay according to a meritocracy--- those who do more get more.
3%?!? lol. I know plenty of people that got good reviews and didn't get that much.
Steal from Peter and Paul to pay Frank…
Remember proper definitions:
A merit increase is a pay raise given to an employee based on their performance.
You can burn yourself out and get close to 2% or you can leave/return and get at least 5 years worth of "merit increases" without burning yourself out :)
The latest COLA is 8.7 percent for Social Security benefits and SSI payments. Social Security benefits will increase by 8.7 percent beginning with the December 2022 benefits, which are payable in January 2023.
In order to "keep up" with inflation according to the SSA and provide a pay raise for employee performance, most employees would be deserving of a 10.7% increase.
Eventually people will have to leave or threaten to leave in order to get market adjustments as we are falling behind every year.
It's easy for the shills to come here and say "take your 3% and be thankful plebs!", when they are getting "inner-circle" money for being Franks ball lickers.
3%?!? Not for everyone. Top ranked performer on the team MAY get 3%+ while all others will get less and some nothing.
nothing has been officially communicated and 3% will not be across the board. only select people will receive over 2% after leaders literally steal from Peter to pay Paul
It’s always nice to see the company shills turn out to convince the peasants to be satisfied with the stale crust of bread they get from the lord of the manor.
After all, it could be worse! The peasants in the next kingdom over only get moldy cheese. Quite the stirring endorsement for indentured servitude.
3% is normal inflation.
Current annual inflation rate is 6.4%
3 percent is good news? Lol!!! Even those on social security and food stamps got better than that.
Give credit where credit is due?
For 3 percent?
We don’t get Frankie’s 6 percent step?
Where is the credit due in that?
3% is normal inflation.
Very good news 3% and effective 4/1. 3% two years in a row, no premium increases in medical also two years in a row. Give credit when credit is due. Most other companies no increases and more layoffs.
You’re zero percent will available soon
*Pizza pot-luck, it is cheaper.
I haven’t heard anything but I’m assuming is the 1-2% and a pizza party