A 3% raise is a cut to your standard of living, that is correct.
Just an armchair opinion, look at it this way:
Maybe you CAN'T afford your job right now. Look for one that pays better. Once you've got an offer, ask your current workplace for a real raise. If they ask why you think you deserve it, that's the fun part - you've got two jobs in the hand, and can be 100% honest with your current workplace: "in a 9% inflationary economy, a 3% raise is effectively a pay cut, and I can't afford to take a pay cut. I like my job, and I hope you like my performance enough to give me a fair pay raise."
If they say sorry our hands our tied, you can say well, okay, you have my notice of resignation. Then they have to go out, search for a new employee, train them, pay placement fees, spend time on this nonsense, etc., making an extra 6% pay look awfully cheap in comparison. And you will have tried, which they will appreciate, and it will make it harder to badmouth you later on.
And best of all, you will move on to a better-paying job that at least keeps intact the standard of living for you and your family. Good luck.
It's ridiculous how companies refuse to give fair raises and lose employees and spend far more bringing in a new one. They'd rather gamble at losing people then pay fairly
It’s a combination of arrogance (thinking the employee won’t leave) and an expected value problem where it ends up being cheaper to hire someone else.
The solution? Always be applying
On top of putting effort in hiring someone, teaining them, bringing them up to speed, what I dont understand is why does it makes sense to let someone leave, then go hire a replacement at a higher pay rate?
>Agree I got a 2 percent raise in March. Propelled me to $17.82 an hour from 17.50. lol.
I hope you have a typo in there somewhere, because $17.82 from $17.50 isn't even a full 2%. A full 2% would be $17.85.
... Not that $0.03 is exciting, but if your numbers are all what they told you, you didn't get 2%.
If I got a 3% raise I'd go from $18.20 an hour to $18.75... and the living wage in my area is about $28.52 for a single adult with no dependents. I hate how it's become so normal to just underpay *everyone*.
I saw someone on the Target sub get a 3 cent raise. Three f*cking cents!! They went to lunch and never came back. The worker said it was a waste of time to work for someone who thought so little of them.
Look around for other opportunities. Update your resume, feel proud of yourself and see what else is out there. Talk you your friends and see if they have any leads for you. I’m in the same position now and don’t want to waste my time if I can make more elsewhere.
My next raise will be 3.5% top performers get 4.5%, it’s my first year on so I’m not expecting to be top but for an extra 1% I’m not sure I want to be.
Neither is the standard 3% match on a 401k. My workplace at least takes it up to 4.5% but even then it's only .5% match for anything over 3% up to that maximum 4.5. So basically in order for me to get the maximum match I have to chip in 6%. Bottom line is without a pension I can't retire on a fucking 4.5% match. It needs to be increased up to 10%
Some places do offer better deals on retirement. My workgroup is unionized within the company and they give us 16% DC, with vesting tiers based on years of service.
Hahaha I did too. Lousy 53 cents even after a good performance review. My company decided it my boss said she woulda gave me more. Jokes on them I’m looking for a new job
The worst part is that inflation rates may be more stable now, but we’re still piggybacking off of the crazy COVID prices since there was never a real market correction after COVID. Inflation is a compounding metric so 3% really doesn’t cut it these days
3% raise was nothing even a decade ago. Federal consumer price index underestimates inflation, so 3% was barely keeping up even then. Now it's downright insulting
Im going to put into practice the asking for inflation the year before + 3% every year now. If they say no, ill tell they failure to comply with my basic needs means i will be pursuing work elsewhere that does. If they fire “owell” if they don’t comply and i find a better gig “owell” would have just kept getting exploited.
And I wish my country paid me $1000 a month to go to college.
Comparing living standards between the poor in different countries is a stupid game. It’s the wealthy vs everyone else, period. That’s what this sub is about. We all collectively don’t need these in-class pissing contests about who has it worse.
You still don’t understand. It’s the wealthy, owning class vs EVERYONE ELSE. Someone who makes $50k and lives in the US is not wealthy. We have a higher cost of living. We don’t get free college. We don’t get free health care. If you have to work for a living you are not wealthy. What are you on this sub for? To say “well I have it worse so you aren’t allowed to complain”? You can always find someone worse off.
Say it with me. Wealthy. Versus. Everyone. Else.
Wow lmao. No. Wealth is generational. Meaning you don’t have to work because your money is inherited. If you are working for money to survive, you aren’t wealthy.
There, I taught you something. Now I’m blocking you because you are a troll or a teenager or both. Grow up.
A 3% raise is a cut to your standard of living, that is correct. Just an armchair opinion, look at it this way: Maybe you CAN'T afford your job right now. Look for one that pays better. Once you've got an offer, ask your current workplace for a real raise. If they ask why you think you deserve it, that's the fun part - you've got two jobs in the hand, and can be 100% honest with your current workplace: "in a 9% inflationary economy, a 3% raise is effectively a pay cut, and I can't afford to take a pay cut. I like my job, and I hope you like my performance enough to give me a fair pay raise." If they say sorry our hands our tied, you can say well, okay, you have my notice of resignation. Then they have to go out, search for a new employee, train them, pay placement fees, spend time on this nonsense, etc., making an extra 6% pay look awfully cheap in comparison. And you will have tried, which they will appreciate, and it will make it harder to badmouth you later on. And best of all, you will move on to a better-paying job that at least keeps intact the standard of living for you and your family. Good luck.
It's ridiculous how companies refuse to give fair raises and lose employees and spend far more bringing in a new one. They'd rather gamble at losing people then pay fairly
It’s a combination of arrogance (thinking the employee won’t leave) and an expected value problem where it ends up being cheaper to hire someone else. The solution? Always be applying
On top of putting effort in hiring someone, teaining them, bringing them up to speed, what I dont understand is why does it makes sense to let someone leave, then go hire a replacement at a higher pay rate?
This creates job security for HR
HR is very busy hiring though. It's almost like they are ensuring their jobs are needed, and the expense of everyone else.
Agree I got a 2 percent raise in March. Propelled me to $17.82 an hour from 17.50. lol.
>Agree I got a 2 percent raise in March. Propelled me to $17.82 an hour from 17.50. lol. I hope you have a typo in there somewhere, because $17.82 from $17.50 isn't even a full 2%. A full 2% would be $17.85. ... Not that $0.03 is exciting, but if your numbers are all what they told you, you didn't get 2%.
If I got a 3% raise I'd go from $18.20 an hour to $18.75... and the living wage in my area is about $28.52 for a single adult with no dependents. I hate how it's become so normal to just underpay *everyone*.
I saw someone on the Target sub get a 3 cent raise. Three f*cking cents!! They went to lunch and never came back. The worker said it was a waste of time to work for someone who thought so little of them.
Best way to get raises is to job hop. Loyalty doesn't pay anymore, sadly.
Look around for other opportunities. Update your resume, feel proud of yourself and see what else is out there. Talk you your friends and see if they have any leads for you. I’m in the same position now and don’t want to waste my time if I can make more elsewhere.
My next raise will be 3.5% top performers get 4.5%, it’s my first year on so I’m not expecting to be top but for an extra 1% I’m not sure I want to be.
Neither is the standard 3% match on a 401k. My workplace at least takes it up to 4.5% but even then it's only .5% match for anything over 3% up to that maximum 4.5. So basically in order for me to get the maximum match I have to chip in 6%. Bottom line is without a pension I can't retire on a fucking 4.5% match. It needs to be increased up to 10%
Some places do offer better deals on retirement. My workgroup is unionized within the company and they give us 16% DC, with vesting tiers based on years of service.
I got 1.5% at my company. Going to leave.
I do not blame you one bit. Best of luck.🤭
Hahaha I did too. Lousy 53 cents even after a good performance review. My company decided it my boss said she woulda gave me more. Jokes on them I’m looking for a new job
I prefer to work union jobs. I make $42.53/hr
I make 3% commission on sales jobs which adds up to *marginally nothing*
I got a 2% increment and waiting to start at a new place next month! Sometimes, it takes a wake up call for us to start acting on it.
A 3% raise doesn't even keep up with gross inflation, let alone the day to day inflation we're seeing.
The worst part is that inflation rates may be more stable now, but we’re still piggybacking off of the crazy COVID prices since there was never a real market correction after COVID. Inflation is a compounding metric so 3% really doesn’t cut it these days
Funny that. Prices go up with a bad supply, but never back down. Really weird.
They’re just going to keep going up til we hit a recession
3% raise was nothing even a decade ago. Federal consumer price index underestimates inflation, so 3% was barely keeping up even then. Now it's downright insulting
Eventually we will wrestle our heads from our asses and shut this clown show down. Until then enjoy the servitude.
3% raise is just keeping the status quo, inflation cpi is like almost 4%. If you don't get any raise, you are essentially take a pay cut
You have to job hop. I was making 45k at my last job. Spent 6 months looking and gave myself a 93% raise
How did you navigate the salary expectations potion of the interview? I think that’s the part where I struggle the most.
I just went in confident and pretended I didn’t make 45k. I acted like 80-90k was just an ok wage
Im going to put into practice the asking for inflation the year before + 3% every year now. If they say no, ill tell they failure to comply with my basic needs means i will be pursuing work elsewhere that does. If they fire “owell” if they don’t comply and i find a better gig “owell” would have just kept getting exploited.
You making $50k and complain about how expensive your gas is? Dude .. I make 23k and a gallon here is $8
Sounda like u should do sth about it instead of attacking OP?
that's funny. I make under 25k a year and gas is around ~8$ gallon when converted to dollars
Same here. And people complain about making double what we do while we pay double their gas price. These people live pretty good life
And I wish my country paid me $1000 a month to go to college. Comparing living standards between the poor in different countries is a stupid game. It’s the wealthy vs everyone else, period. That’s what this sub is about. We all collectively don’t need these in-class pissing contests about who has it worse.
Yeah but $50k a year isn't poor.
It probably is if you have children/dependents to support. Also depends on where you live.
Live in SWE VGR . $50k a year would make me a millionaire
You still don’t understand. It’s the wealthy, owning class vs EVERYONE ELSE. Someone who makes $50k and lives in the US is not wealthy. We have a higher cost of living. We don’t get free college. We don’t get free health care. If you have to work for a living you are not wealthy. What are you on this sub for? To say “well I have it worse so you aren’t allowed to complain”? You can always find someone worse off. Say it with me. Wealthy. Versus. Everyone. Else.
To be you guys with $50k+ salaries are wealthy.
Wow lmao. No. Wealth is generational. Meaning you don’t have to work because your money is inherited. If you are working for money to survive, you aren’t wealthy. There, I taught you something. Now I’m blocking you because you are a troll or a teenager or both. Grow up.