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View Poll Results: annual raise status
No annual raises at my company (merit or COL) 8 7.92%
My company does some sort of annual raise 93 92.08%
Voters: 101. You may not vote on this poll

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  #11  
Old 01-24-2019, 12:49 PM
kimjongfun kimjongfun is offline
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From what I've heard, the broad message is eliminating them, but they will secretly still give annual raises to top performers or people they just especially like.

Prior there was more of the corporate standard scale where you could expect some kind of small raise unless you were just a poor performer
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  #12  
Old 01-24-2019, 12:55 PM
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  #13  
Old 01-24-2019, 12:55 PM
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What line of business are you in OP?
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  #14  
Old 01-24-2019, 12:59 PM
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Originally Posted by Canadiens Fan View Post
The worst part is that it's not the deadwood but the good performers that will leave.
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We don't know which group the OP is in...

Seriously, this is a bad sign, imo. You have to be, per management, in the top quartile or whatever to get a COLA? That's a horrible plan. Why are they doing this? Financial difficulties?

As stated above, the high performers are the first ones out the door, so this is an awful way to reduce staffing expenses.

My former division did this, btw. I got a 0% raise the year before I left. And then when I got here, and needed an analyst, I hired a rock star from my old division. That's right, I freaking poached her out from under my old boss. Got her a 25-ish percent raise in the first 18 months, so I don't feel the least bit guilty.
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  #15  
Old 01-24-2019, 01:04 PM
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Originally Posted by kimjongfun View Post
My company has now eliminated annual raises, has anyone else had this happen?
For you, or in general?
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  #16  
Old 01-24-2019, 01:05 PM
kimjongfun kimjongfun is offline
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For you, or in general?
in general.

I'll say im on the life/health side. Company earnings are fine. Probably just another way to cut costs and pad upper level bonuses. There has been negative incrementalism for a while now
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  #17  
Old 01-24-2019, 01:11 PM
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Probably just another a horrible, short-sighted way to cut costs and pad upper level bonuses in the short term, at the expense of retaining top talent long term.
IFYP
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  #18  
Old 01-24-2019, 01:26 PM
kimjongfun kimjongfun is offline
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wow these poll results are surprising so far, usually my company is one of the last ones to implement something. Looks like they are a pioneer on this change though
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  #19  
Old 01-24-2019, 01:28 PM
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One of my previous companies did this, but after I left. I can't imagine them retaining talent unless the promotion raises or good, and chances of promotion high.
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  #20  
Old 01-24-2019, 01:30 PM
Westley Westley is offline
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The annual raises are kind of BS anyway. They pretty much start from the standpoint of "You were fairly compensated last year, what change do we need to make based on your being slightly more valuable this year?". What if you weren't fairly compensated last year? And then all the games that go with corporate controls/caps/whatever.

So, a move to "We'll totally re-evaluate your comp every year without using a current-year anchor" would be good. But probably not what's going on here.
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