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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.
by organicmultiloc 8y ago
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.
- Taniwha 8y agoI'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
- bauerd 8y agoWhat 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?
- andyjohnson0 8y agoCost Of Living Adjustment
- Taniwha 8y agoyes, exactly that - basically correcting for inflation
- gizmo686 8y agoCost of living adjustment?
- deleted 8y ago[deleted]
- deleted 8y ago[deleted]
- scarface74 8y agoMy 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.