Worker pay isn’t keeping up with inflation

Re:Worker pay isn’t keeping up with inflation by helen___keller on Friday December 17, 2021 @09:41AM (#29592770)

I worked for a midsize tech company until recently. At the end of 2020, I did well on my annual performance review but did not see a compensation increase. In the 2021 mid cycle review, I got a promotion to the next level and saw about a 7% compensation increase.

At every all-hands since late 2020, the topic of attrition and comp comes up. Every time, the response was that they're keeping an eye on local market conditions and attrition, and if it looks like we're falling behind we'll make adjustments.

Anyways, I left for big tech and got a 70% raise (despite a downlevel)

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Re:Worker pay isn’t keeping up with inflation by _fat_santa on Friday December 17, 2021 @10:39AM (#29593626)

You know what sucks is that I'm currently with a similar midsize tech company. Love the work, the company and the people; but, I also know that I'm probably only getting a 2-5% bump at the end of this year and if I want anything more I have to go looking for another gig.

It sucks that every job has a "lifespan" of only 2-3 years before it would be foolish not to go get another job for a massive pay bump. As much as I love my current employer I'll probably leave sometime in 22"

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Re:Worker pay isn’t keeping up with inflation by wombat-man on Friday December 17, 2021 @12:10PM (#29595046)

yeah when they say they're "keeping an eye..." they're probably just waiting for attrition to get bad enough. You did the right thing for your old coworkers. Perhaps your departure and others will lead them to reconsider their position.

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