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Re:Performance Reviews Are a Waste of Time by Taniwha on Wednesday June 06, 2018 @04:15PM (#17250704)
I think there's another reason for annual performance reviews ... to remind management that it's time for a COLA without it becoming a big deal
Re:Performance Reviews Are a Waste of Time by bfrog on Wednesday June 06, 2018 @06:08PM (#17251504)
The only way to get some COLA is to get a new job.
Re:Performance Reviews Are a Waste of Time by jonny_eh on Wednesday June 06, 2018 @07:16PM (#17251948)
What's a COLA?
Re:Performance Reviews Are a Waste of Time by apetresc on Wednesday June 06, 2018 @08:22PM (#17252285)
Cost of Living Adjustment
Re:Performance Reviews Are a Waste of Time by organicmultiloc on Wednesday June 06, 2018 @04:21PM (#17250769)
Maybe you shouldn't frame your compensation in terms of a "COLA adjustment" although I'm quite sure your employer would prefer that meek mindset.
Re:Performance Reviews Are a Waste of Time by Taniwha on Wednesday June 06, 2018 @04:29PM (#17250837)
I've been in this biz for 40 years, I've had years of way above average salary jumps - I expect a COLA every year, not something unreasonable
Re:Performance Reviews Are a Waste of Time by scarface74 on Wednesday June 06, 2018 @07:10PM (#17251921)
My experience is just the opposite in my 22 years. I've only twice received a raise of more than 3% - once in 1997 when I was "promoted" to a junior programmer from a computer operator ($11K) and once again in 2000 at a different job with a ($10K) market adjustment.

I learned my lesson after 7 years of COLAs (I was a slow learner /s). Jump ship at the first sign that the company won't pay you your market rate.

Now 10 years, 5 jobs, and $70K later, I don't expect major jumps anymore. I'm within $15,000 of the most that any company in my local market is willing to pay an individual contributor. I have no desire for management and I live a comfortable life.

Re:Performance Reviews Are a Waste of Time by bauerd on Wednesday June 06, 2018 @04:39PM (#17250899)
What does COLA mean? I've no clue and googling the term just brings up soft drinks and cocaine. I guess a fancy term for bonus/raise?
Re:Performance Reviews Are a Waste of Time by andyjohnson0 on Wednesday June 06, 2018 @04:42PM (#17250926)
Cost Of Living Adjustment
Re:Performance Reviews Are a Waste of Time by Taniwha on Wednesday June 06, 2018 @05:33PM (#17251290)
yes, exactly that - basically correcting for inflation
Re:Performance Reviews Are a Waste of Time by gizmo686 on Wednesday June 06, 2018 @04:43PM (#17250929)
Cost of living adjustment?