At ASM that is what was said. The open session for legal said with inflation will come more profit. Nothing about passing that on to employees in the form of compensation. Just costs are going up so we should, no we “must” increase our prices too.
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@1yfl+1fiKR3Mw : Ok, Dad.
My spouse's company gave healthy raises to all, in recognition of the great years they've been having. So much for your supposed dose of reality .
In the Legal Meeting, did “HR Lady” say they were raising the pool for raises by 25%? That is nothing!! Unless you are exceeds or getting a promotion, I’d expect raises would be less than 1/2 inflation. The 25% pool increase probably equates to an extra 1% raise for everyone (on average). Shocking all these shiny new hires from other tech companies are excited about their new special purpose when they are getting paid top dollar. The rank and file are not.
What ki--s me is how much corporate services have declined. Finance, legal, commercial policy—these are all being chopped up and outsourced so that nobody even knows who works in those groups anymore. All that remains is leaders who don’t understand the business.
Business is business.
No company's annual raises are keeping up with inflation. It is what it is.
The HR person just said at the legal meeting on Friday that we shouldn't expect our yearly raises to keep up with inflation. It doesn't seem very bright of them to turn around and gloat about profits. Read the room...