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
[ Parent
| on HN ]
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