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> If you work at a place for 10 years, is it really realistic to expect to get a $10k/yr+ raise every year Inflation is at 6.4 percent right now. If you made 1

> If you work at a place for 10 years, is it really realistic to expect to get a $10k/yr+ raise every year Inflation is at 6.4 percent right now. If you made 100k that would take you up to six and a half just for treading water, if you make 200k then and get 10k you are being paid less than last year.

zeroonetwothree 4y ago
Because of stock market decline I made 50% less in 2022 than 2021 so inflation is the least of my concerns.
MuffinFlavored 4y ago
> Inflation is at 6.4 percent right now. In my experience, whether inflation is 2% or 6% or 8%, your employer doesn't care. You have next to no leverage to demand a constant static cost-of-living-pegged-1:1-to-inflation raise. yeah, if inflation is 8% and you don't get an 8% raise you effectively get a paycut. What are you going to do, strongarm your employer and demand they give you at least a "CPI trailing 12 months" raise every 12 months? not realistic in my opinion/experience
- willcipriano 4y ago
  That's why you have to change jobs every few years. The real performance review happens in your next employers office.
  - MuffinFlavored 4y ago
    I've kind of hit a cap. I've never made big "FAANG" total comp money (where you get like $160k/yr salary and $160k/yr stock grants additionally for being a top performer or whatever) Anything over $160k/yr, I feel like you are subscribing yourself to be "the go to person" for everything and a lot is expected from you.
    - willcipriano 4y ago
      When companies hit a cap on what they can charge they start finding ways to cut corners and deliver less for the same money.
- ddulaney 4y ago
  It depends. The best way to strongarm your employer is with another job offer. If you can't get another job offer, or if it's not a big bump up, that probably says that you're being paid competitively. But if you interview somewhere, it's pretty standard to say "I have a better offer, match it or I quit." Of course, you have to be willing to quit if they agree.

zeroonetwothree 4y ago

Because of stock market decline I made 50% less in 2022 than 2021 so inflation is the least of my concerns.

MuffinFlavored 4y ago

> Inflation is at 6.4 percent right now. In my experience, whether inflation is 2% or 6% or 8%, your employer doesn't care. You have next to no leverage to demand a constant static cost-of-living-pegged-1:1-to-inflation raise. yeah, if inflation is 8% and you don't get an 8% raise you effectively get a paycut. What are you going to do, strongarm your employer and demand they give you at least a "CPI trailing 12 months" raise every 12 months? not realistic in my opinion/experience

willcipriano 4y ago
That's why you have to change jobs every few years. The real performance review happens in your next employers office.
- MuffinFlavored 4y ago
  I've kind of hit a cap. I've never made big "FAANG" total comp money (where you get like $160k/yr salary and $160k/yr stock grants additionally for being a top performer or whatever) Anything over $160k/yr, I feel like you are subscribing yourself to be "the go to person" for everything and a lot is expected from you.
  - willcipriano 4y ago
    When companies hit a cap on what they can charge they start finding ways to cut corners and deliver less for the same money.
ddulaney 4y ago
It depends. The best way to strongarm your employer is with another job offer. If you can't get another job offer, or if it's not a big bump up, that probably says that you're being paid competitively. But if you interview somewhere, it's pretty standard to say "I have a better offer, match it or I quit." Of course, you have to be willing to quit if they agree.