Thread regarding Paramount Global layoffs

Promotion Pay Raises?

I received an end-of-year promotion but the % increase is barely larger than the typical merit raise. Anyone else in the same boat?


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| 2444 views | | 13 replies (last December 24) | Reply
Post ID: @OP+1kcw4w4v3

13 replies (most recent on top)

The company is bleeding money right now and making embarrasing empty promises financially for WB…They don’t care about raises, just the next round of layoffs…

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Post ID: @zf+1kcw4w4v3

Can confirm everyone got 3%

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Post ID: @rz+1kcw4w4v3

@qb employees below a manager, are we able to see that reflected in SF?

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Post ID: @r5+1kcw4w4v3

@qb BLah disregard what I wrote below I thought I was commenting in a different thread.

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Post ID: @qc+1kcw4w4v3

I heard that everyone across the company is getting a flat 3%. I can see my direct reports merit info (3% for each) in success factors, but I cannot see my own (I assume my boss can see mine though). I have not communicated it yet to my direct reports because no one has told me anything about it. I only know because I thought to go looking for it. If no one tells me I am just going to tell them before we go out for the break.

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Post ID: @qb+1kcw4w4v3

So if we didn’t hear about a merit increase by now, we weren’t selected?

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Post ID: @qa+1kcw4w4v3

I’ve had nothing and I can attest to working incredibly hard all year. I give up

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Post ID: @q2+1kcw4w4v3

I got 8% from my promotion because I went above & beyond expectations. I was told to reduce my workforce by 12%. I was actually able to convince 10% to take buyouts - then after nobody else came forward - I laid off an additional 10% of the people initially on my list. So I made out pretty good

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Post ID: @py+1kcw4w4v3

@jn I think it’s included based on the way my manager phrased it. So when you take that into consideration I’m basically only getting an incremental 5% to others that aren’t getting promotions and was given a much higher workload and responsibility.

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Post ID: @jp+1kcw4w4v3

Yeah I asked if the 3% merit applies to me as well in the raise, but my higher ups didn’t know. Gonna be some bullsh-t if they included the 3% merit increase in the raise. Barely went up in salary. 5 days a week to the office and all that is gone quickly.

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Post ID: @jn+1kcw4w4v3

Yes in the same boat. And I know for a fact others with the same position as my new one whose salaries are $35k+ over what they are giving me. It’s an insult

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Post ID: @e2+1kcw4w4v3

@OP If you didn't get a huge bump, you were probably already toward the top of your current job band in terms of salary. I only got a 7% raise when I made my last jump, even though 10-15% should be more of the standard.

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Post ID: @av+1kcw4w4v3

What kind of promotion jump was it?

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Post ID: @a3+1kcw4w4v3

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