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Actually I think cost of living increases and inflation are fine to bring up when asking for a raise. If you don't get a raise to match inflation they are effec
by Igglyboo 12y ago
Actually I think cost of living increases and inflation are fine to bring up when asking for a raise. If you don't get a raise to match inflation they are effectively paying you less than last year, which only makes sense if your job performance is worse as well.
- joshyeager 12y agoIf you have numbers to back up your COL increase or inflation, then this could work. But if you don't have reliable numbers (or if your boss just doesn't trust them), this technique will probably fail.
- reeses 12y agoThis works out when discussed in the context of "competitive compensation" in your market. While your manager may not care that you want to live in a USD5,000/mo apartment, she may care that companies x, y, and z are paying programmer analyst IIIs USD5k/mo more than she's paying you. I almost never give COLA raises, but I will raise based on performance and desire to remove money as a reason to look for another job. It's the easiest way to overcome inside recruiting and it doesn't take much thought, so I can spend my time with other retention techniques.
- euroclydon 12y agoWould you give money back when the cost of fuel or food goes down?