4 ms·
Not having inflation based pay raises is exactly equivalent to taking an automatic pay cut every year, which by your logic you only avoid if you "preformed well
by throwaway2048 5y ago
Not having inflation based pay raises is exactly equivalent to taking an automatic pay cut every year, which by your logic you only avoid if you "preformed well".
I think I'll pass.
- duxup 5y agoIt's not a pay cut if you get a raise for .. some other reason. I've just never seen 'inflation pay raise' as a policy.
- ska 5y ago> I've just never seen 'inflation pay raise' as a policy. They are pretty common.
- duxup 5y agoDo they actually pick an inflation indicator and go by that?
- ska 5y agoI think it really depends. I've seen big sector contracts (e.g. 10k-100k employees) with it built in for a fixed number of years. Presumably the negotiators talked through some indicators originally. I've also seen several 'eh, on average it's about 2%" type giving leading to a 2% written into your comp. I've also seen places give it but not in your contract; based on execs opinion I guess on what real cost-of-living was doing. I suppose that's plausibly as accurate as picking an index.
- Qworg 5y agoI've seen inflation adjustments, but cost of living adjustments are far more common.
- ska 5y agoThe two concepts are so intertwined they are often rolled together. FWIW I've seen contracts with separate clauses (e.g. something like everyone gets 2%, if you live in this city or this city you also get a 5% col adjustment). The non-inflation aspect of c-o-l changes is usual housing related and regional, I think (or based on remoteness)
- MattGaiser 5y agoYou see it more in more traditional industries. My last job was public sector and the unionized workers had CPI somehow embedded into their contracts. My new trendy tech company? No policies on pay whatsoever.
- grasshopperpurp 5y agoYeah, we call it COLA (cost of living adjustment), and we get a bump every couple of years or so.
- jjk166 5y agoThey are usually called something like "cost of living raise" but the meaning is the same.
- renewiltord 5y agoThe pay raise I expect is so much more than inflation. If I got less than 20% total comp increase at low numbers or less than $100k at high numbers, I’m assuming my performance is insufficient and I’m going to find a place to be more productive. At the point where we’re debating 2% increases, I don’t really care. I’m gone. You know it, I know it. I’m not special. This is San Francisco as much as I know.
- ridiculous_fish 5y agoHow many years of experience do you have?
- renewiltord 5y agoSeven.