3 ms·
> 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 dem
by 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 agoThat's why you have to change jobs every few years. The real performance review happens in your next employers office.
- MuffinFlavored 4y agoI'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 agoWhen 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 agoIt 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.