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Forum » Company released 2023 Raise..........Aight Ima Head out
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Thread: Company released 2023 Raise..........Aight Ima Head out

post 1676906133 02-10-2023, 05:11 AM
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Company released 2023 Raise..........Aight Ima Head out

Company sent out the email yesterday that our MAX raise potential this year will be........3%......and that will be based off of our Yearly Performance Evaluation. Boss says he's going to push for at least 6.5% to keep up with inflation, but he's not in the "inner circle" of the higher ups, so they ain't gonna go for it.

-Smaller company...let than 80 people
-Best year for Revenue in company history....broke $300M
-Highest Gross & Net Profit in company history
-On track to break $500M in Revenue this year...profit following.
-Not hiring new people, continuing to spread who they have thinner and thinner.
-Raise last year was supposed to be 12%, we talked about 12%, they were good with 12%......paperwork came back and they Approved 8%. I made a thread about this and how I refused to sign it.

That's all I needed to hear.......I've been here 5 years......time to head out.
post 1676906263 02-10-2023, 05:13 AM
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Wagie 🙁 wagie 🙁 get in cagie 🔒

All day long 🌄🌅 you sweat 😓 and ragie 😠

NEET 😎 is comfy 😃🛏😴

NEET 😎 is cool 🛁⛄

NEET 😎 is free 🔓😊 from work 🏗 and school 🏫

Wagie 🙁 trapped 🔒😣 and wagie 🙁 dies 💀⚰

NEET 😎 eats tendies 🍗🍗 sauce 🍜 and fries 🍟
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Holocaust denial is illegal in over 18 countries. if an organized killing of jews happened so definitely, why would people need to serve prison sentences for questioning it?
post 1676906383 02-10-2023, 05:17 AM
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This is really common across a lot of industries. Companies are trying to squeeze every ounce they can out of employees and not increasing budgets at all and not realizing that right now, they need to sacrifice profits a bit more for retention.

If I was making 100k and they offered to raise it to 103k when they just had their best year in company history I'd laugh in their faces. Especially when inflation is up 10%. That's an extra $140 a month after taxes.

My girlfriend works in insurance and one of their competitors recently had 20 people just quit - on the same day - because they refused any pay increase while not increasing budget to hire more people to offset workload. I have no idea how companies think they are going to retain staff.
post 1676906873 02-10-2023, 05:29 AM
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Originally Posted By WoofieNugget⏩
This is really common across a lot of industries. Companies are trying to squeeze every ounce they can out of employees and not increasing budgets at all and not realizing that right now, they need to sacrifice profits a bit more for retention.

If I was making 100k and they offered to raise it to 103k when they just had their best year in company history I'd laugh in their faces. Especially when inflation is up 10%. That's an extra $140 a month after taxes.

My girlfriend works in insurance and one of their competitors recently had 20 people just quit - on the same day - because they refused any pay increase while not increasing budget to hire more people to offset workload. I have no idea how companies think they are going to retain staff.
That's where this company is....turnaround times are getting delayed due to people literally being so overloaded, people are making mistakes....when I talk to people from other departments everyone is just so bogged down. In the last year I've started sitting down at my computer by 530-6am and work till 6-7pm when I literally have no brain left.....blah blah blah.

Company is growing like a weed in summer and they are just not hiring....and they cant get people to come on because they are currently below the industry average for the areas we have projects.

.....In the last year I went from managing Budgets & Schedules for $60M (8 jobs) worth of projects up to $247M (14 jobs) and my salary increased by 8%. On the other side of things....I currently make 2.5X the average HOUSEHOLD income in my area...so I don't make bad money.

This is turning into a Deer Diarrhe
post 1676906893 02-10-2023, 05:29 AM
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Originally Posted By Saiyanbrahh⏩
Wagie 🙁 wagie 🙁 get in cagie 🔒

All day long 🌄🌅 you sweat 😓 and ragie 😠

NEET 😎 is comfy 😃🛏😴

NEET 😎 is cool 🛁⛄

NEET 😎 is free 🔓😊 from work 🏗 and school 🏫

Wagie 🙁 trapped 🔒😣 and wagie 🙁 dies 💀⚰

NEET 😎 eats tendies 🍗🍗 sauce 🍜 and fries 🍟
Biuriful
Not in the AM
post 1676907863 02-10-2023, 05:53 AM
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RIP. My promotion last year was 10%. Doesn't sound like raises will be much this year either. Trying to ge tour, but I'm getting fkd by hiring freezes and such. Just gotta stay in the cagie I guess.
post 1676908623 02-10-2023, 06:12 AM
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  1. SillieBazzillie
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How would you expect us executives to get our 35% bonuses if we gave out huge raises to the plebes?

Use your head boyo.
Early AM workout crew.
Holy crap dude, Satan's huge crew.
post 1676908733 02-10-2023, 06:14 AM
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If the company's leadership isn't sharing the strategy and the president rolls up in a new car, secure another job and peace out.
post 1676908873 02-10-2023, 06:20 AM
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Originally Posted By SillieBazzillie⏩
How would you expect us executives to get our 35% bonuses if we gave out huge raises to the plebes?

Use your head boyo.
I'm well aware of what's happening.

In the last 2 weeks they've fired 1 VP, 2 Directors and a Operations Manager with no intentions of hiring new ones.....it's part of the "Company Restructuring"...now all departments split under 3 "Operational Managers" and something just seems kind of fishy....like this could be conflict of interests, slightly illegal, lets hope we never get audited, fraud might be happening fishy.
post 1676908913 02-10-2023, 06:21 AM
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The cold hard truth is, you can see your value and all the projects & budgets you managed but the top boys & girls doesn't give a fook. You won't be missed and they will easily move on without you. The only mindset to keep when quitting is you're doing it for yourself not to "punish them." I've seen people go from entry level position from ground up in a small office to c level management, 500+ heads in a multi billion $ company and the only thing they said after 10 years is "thanks, bye"
post 1676908923 02-10-2023, 06:21 AM
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Originally Posted By Rajc⏩
5 years is too much at any company nowadays brah

2-3 yrs max
This, and if when you try to leave they offer you something actually worthwhile (20%+) to keep you, then take it and feel the smugness that your complacent stagnant coworkers are too pucci to recognize their worth and take any action.
post 1676908993 02-10-2023, 06:23 AM
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Originally Posted By leafs43⏩
If the company's leadership isn't sharing the strategy and the president rolls up in a new car, secure another job and peace out.
There were 3 owners.....one sold his portion a few months ago so it's down to 2 and now we have all this "restructuring" happening.
Originally Posted By Rajc⏩
5 years is too much at any company nowadays brah

2-3 yrs max
Longest I've stayed at a company so far. They've treated me well up to this point, but I agree....it's about time.
post 1676909083 02-10-2023, 06:25 AM
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Are you actually going to quit?
post 1676909203 02-10-2023, 06:28 AM
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Your company is setting itself up to be merged or acquired.

Ask for stock options or employee owned shares instead of raise.
Life is easy when you take personal responsibility
MMMC - Assistant to the Assistant of the Secretary of Assistance

I don't do limits.
post 1676909313 02-10-2023, 06:31 AM
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Originally Posted By Schnitzl⏩
The cold hard truth is, you can see your value and all the projects & budgets you managed but the top boys & girls doesn't give a fook. You won't be missed and they will easily move on without you. The only mindset to keep when quitting is you're doing it for yourself not to "punish them." I've seen people go from entry level position from ground up in a small office to c level management, 500+ heads in a multi billion $ company and the only thing they said after 10 years is "thanks, bye"
Yea....out of people they just fired, the "newest" one had been with the company 13 years and had played a huge part in it's growth.

I know in the long run I wont be missed, but short term they're going to be hurting....I manage 55% of the project budgets & Schedules for the whole company....the other guys in the company that do what I do are too loaded to take on more and I know when they go looking to replace me it's going to take a while and they are going to be scrambling b/c of the clients I have are not going to be understanding if there is any fall off (Think top 2 tech firms, yep both of them)....they have been "trying to hire" another one of us but nobody is accepting the offers b/c they are too low.
Originally Posted By Visel⏩
This, and if when you try to leave they offer you something actually worthwhile (20%+) to keep you, then take it and feel the smugness that your complacent stagnant coworkers are too pucci to recognize their worth and take any action.
I would take a higher offer to keep me....and like the below says...would keep looking. I would and can happily take a $15-$20k year pay cut to have less stress.
Originally Posted By Rajc⏩
you take it and keep looking for something even better, when interviewing, you say "i currently earn" (new salary) so they wont offer you something below it
Yessir.
post 1676909393 02-10-2023, 06:33 AM
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  1. ImpressiveGainz
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Right there with you...0.0% raise the past two years.
Best thread: http://forum.obnoxiousbrutes.com/showthread.php?t=168274783
***Black Crew*** (emeritus)
post 1676909533 02-10-2023, 06:36 AM
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Originally Posted By ImpressiveGainz⏩
Right there with you...0.0% raise the past two years.
Lmao if you’ve stayed somewhere the last 2 years without a raise
post 1676909593 02-10-2023, 06:37 AM
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Originally Posted By bsmit107⏩
Company sent out the email yesterday that our MAX raise potential this year will be........3%......and that will be based off of our Yearly Performance Evaluation. Boss says he's going to push for at least 6.5% to keep up with inflation, but he's not in the "inner circle" of the higher ups, so they ain't gonna go for it.

-Smaller company...let than 80 people
-Best year for Revenue in company history....broke $300M
-Highest Gross & Net Profit in company history
-On track to break $500M in Revenue this year...profit following.
-Not hiring new people, continuing to spread who they have thinner and thinner.
-Raise last year was supposed to be 12%, we talked about 12%, they were good with 12%......paperwork came back and they Approved 8%. I made a thread about this and how I refused to sign it.

That's all I needed to hear.......I've been here 5 years......time to head out.
This has happened to a few friends this year

Company hit record sales, they got less bonus then previous year

They have quit or will once bonus is paid lmao
Plant the trees in whose shade your grandchildren will play
post 1676909613 02-10-2023, 06:38 AM
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Originally Posted By redwine91⏩
Are you actually going to quit?
Not until I find another job. I've been tossing the idea around in my head for about a year.
Originally Posted By QuickShotSteve⏩
80 person company doing $500M is crazy. What kind of work is this?
Large scale commercial construction....we are the Prime Contractor....contract all work out and manage the site/contractors, paperwork and schedules....basically the middle men between client and company's doing the actual work. We got real lucky and landed a huge tech client that is basically giving us all their work in Atlanta.
post 1676909713 02-10-2023, 06:41 AM
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Originally Posted By Vhagar⏩
Lmao if you’ve stayed somewhere the last 2 years without a raise
WFH most of the time, I was finishing up my degree so I had a lot of flexibility for working on my dissertation (like doing my research during the work day). But now the benefits are irrelevant, so money is an actual factor.
Best thread: http://forum.obnoxiousbrutes.com/showthread.php?t=168274783
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post 1676909943 02-10-2023, 06:47 AM
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Originally Posted By ImpressiveGainz⏩
Right there with you...0.0% raise the past two years.
Damn, that's rough. Why tho? EDIT: I see your response above. Makes sense....it's what worked well for you and your goals at the time.
Originally Posted By moosik85⏩
This has happened to a few friends this year

Company hit record sales, they got less bonus then previous year

They have quit or will once bonus is paid lmao
I mean, what else do they expect? lol

And when they go to replace them, the new people are going to be more expensive....not only in salary but also in training, company experience, etc...
post 1676910443 02-10-2023, 06:57 AM
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If you can get a new job that is better, then might as well go for it brah

If every company is doing this, though, then the companies you'll be looking for a job at will also be skimping you on pay, no? Or do you think only some companies (maybe half) are engaging in this practice, and the other half are giving 10% raises every year?

I think the job market has been pulling back from where it was a couple years ago, employees are losing leverage against their employers IMO. If you can find a better opportunity then take it, but those better opportunities are going to become more slim at the same time as promotions/raises start drying up

Also, I've noticed that most remote job positions on LinkedIn get 100+ applicants within days... it seems like the tables have turned slightly from 2 years ago (srs)
post 1676910663 02-10-2023, 07:01 AM
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So the business is doing great, working their staff hard, and says they won't keep you up with inflation?

I don't know if it is worth it depending on other job opportunities in the area, but it seems like you could push back on this if it was done as a group. 3% isn't a raise- it's a pay cut. Maybe a letter saying X% by this date or we might all have a bad case of exhaustion and call in sick. At least 7% because that isn't even a raise, that's barely keeping up with official inflation.

It isn't like they are struggling to maintain their own margins, though I can understand a desire to keep staffing lean and labor expenses low heading into a likely downturn. Okay, you don't want to have to lay people off and think you will keep some "dry powder" by giving a few pennies now and a few pennies [maybe] later, at least to your key people. But less than half official inflation as your *top* raise for your best performer? C'mon.
Originally Posted By WoofieNugget⏩
This is really common across a lot of industries. Companies are trying to squeeze every ounce they can out of employees and not increasing budgets at all and not realizing that right now, they need to sacrifice profits a bit more for retention.

If I was making 100k and they offered to raise it to 103k when they just had their best year in company history I'd laugh in their faces. Especially when inflation is up 10%. That's an extra $140 a month after taxes.

My girlfriend works in insurance and one of their competitors recently had 20 people just quit - on the same day - because they refused any pay increase while not increasing budget to hire more people to offset workload. I have no idea how companies think they are going to retain staff.
Good.
Originally Posted By metroins⏩
Your company is setting itself up to be merged or acquired.

Ask for stock options or employee owned shares instead of raise.
Interesting.
Originally Posted By ImpressiveGainz⏩
Right there with you...0.0% raise the past two years.
With this high inflation that really stinks.
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post 1676910773 02-10-2023, 07:03 AM
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Wagie Wagie
get back in your cagie
you'll need the money
for when you agie.

be available
when we pagie
you need health insurance
for your baby.
post 1676911043 02-10-2023, 07:08 AM
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Even without raging inflation I always thought 3% was BS, but to be fair it is better than layoffs rolling through. I expect the coming year to be a ride
libs gonna lib
post 1676911103 02-10-2023, 07:09 AM
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Originally Posted By SouthDakotaBrah⏩
If you can get a new job that is better, then might as well go for it brah

If every company is doing this, though, then the companies you'll be looking for a job at will also be skimping you on pay, no? Or do you think only some companies (maybe half) are engaging in this practice, and the other half are giving 10% raises every year?

I think the job market has been pulling back from where it was a couple years ago, employees are losing leverage against their employers IMO. If you can find a better opportunity then take it, but those better opportunities are going to become more slim at the same time as promotions/raises start drying up

Also, I've noticed that most remote job positions on LinkedIn get 100+ applicants within days... it seems like the tables have turned slightly from 2 years ago (srs)
I'm not looking for a large raise every year, it's just that particularly in the last year my workload, responsibilities, time commitment, capabilities and what I bring to the table for this company have drastically increased....im just looking for a comparable increase in pay.

If I'm just trucking along, doing my job and not much changes year over year, yea I get it the standard 2-3% "COL" raise is fine....I don't expect more money for doing the same thing year over year. But for the company to completely ignore individual situations and just lay out a flat "this is the max you can get this year" blanket raise is unacceptable, especially given the other factors affecting the company in regards to revenue/profit.

I do make great money for the area I live and I work from home, but I'm starting to see the direction things are going in the company, the top is getting greedy, it's not the same environment it was 3-4 years ago and I think it's time I move on.
post 1676911253 02-10-2023, 07:12 AM
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Originally Posted By HMFIC_BROWSIN⏩
Wagie Wagie
get back in your cagie
you'll need the money
for when you agie.

be available
when we pagie
you need health insurance
for your baby.
Brutal.
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Inattentive ADD Crew
Mom That Miscs Crew
post 1676911473 02-10-2023, 07:16 AM
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#28
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Originally Posted By katya422⏩
With this high inflation that really stinks.
Yes, but instead of a raise I got to read internet messageboards the past six months, so there's a plus.
Best thread: http://forum.obnoxiousbrutes.com/showthread.php?t=168274783
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post 1676913093 02-10-2023, 07:49 AM
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#29
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ALWAYS switch companies ever 2-3 years at the most unless you’re pretty high up. Most companies are terrible at retaining staff and don’t care if it hurts them in the long run because all the CEOs care about is short term performance and the easiest way to get that is to cut costs
post 1676913183 02-10-2023, 07:50 AM
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#30
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this is why sales jobs with commission are the goat. can literally double your income every year based on your output
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