Do you happen to know what the expected raise percentage is for this year? I’m also wondering whether employees who receive a promotion in March are still eligible for the annual merit increase. Since raises are communicated in January and promotions in March, does receiving a merit increase have any indication of whether someone was selected for a promotion?
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I just read that Social Security payments will increase 3.6%. Amazing that the budget for raises at BNY are far below that in the US.
I give raises and I get raises. Over the last 5 years it's been 2.2% for the top performer, others 1-1.3%. It's hard to have those discussions with direct reports. In fact I was told to hold back a few basis points on one person to make someone else's a bit higher. Factor in rising costs of healthcare and you end up with net pay close to or even less than previous year. The general population just isn't given the respect we hear so much about in every town hall. Get a sales job, work hard at it and you won't need pay raises because you'll be able to do it on your own.
Expect 0 and you won't be disappointed
I don’t want to add gasoline to this fire, but raises in India are generally in the 8 to 10 % neighborhood. Overall, it is not many USD but would still be nice to get an 8% raise.
now that 3Q is done, the talk of negative headwinds across financial services is coming to dampen any expectations today may have raised!
No one can answer this without knowing your particular situation. Raises will vary greatly depending on what part of the bank you work in, how much influence your manager or manager’s manager has to impact the pool they get allocated, whether or not your group is a revenue generating function or a cost center, etc.
If you’re an average employee in a back office function? Yeah probably 1-3%. No one here can give you any accurate indication without more info. Even then, there are so many variables at play that anything would be an educated guess at best.
You can get a raise if you were promoted in March.
For us or for the executive?, some of which experienced a 50ish percentage increase in 2026, looking at your RV and DMcD!
(Don’t believe me? Look it up!)
0-2 percent.
Beats a poke in the eye... although someone might argue with that! :/ when you count for the annual costs of inflation, rising healthcare premiums and benefits pricing, RTO parking, tolls, meals, schedule inflexibility, commute time, and more time away from family.
Raises will be based fairly on performance, attendance, and other relatable and actual viable performance indicators and will be aligned to cost of living and Inflation. Just kidding. Max performance, max hours poor work life balance will be rewarded with minimal pay rises.
1-2 percent.