Before all of the haters attack me for this question remember we still do performance increases and they typically account for the money the year before.
Has anyone heard anything about SIP for this year?
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“You’ll GET nothing and like it!” Not usually a stickler for quotes but this is Ted Knight we’re talking about here. A great actor and heck of a xeroid. It could come up in an interview so best to review it all.
https://m.youtube.com/watch?v=clF05Nj_RBo
They will give you a pop and tell you to SIP the COLA carefully.
But….My guess is that they spill it, long before they COLA near you.
In the immortal words of Ted Knight.
“ You’ll take Nothing and Like it…”
Never heard of SIP. What is it?
Red (Magenta?) 5 & 100 More Years Guy standing by...
Hey it's emoji guy 🫄 and "quote the last post" guy all here at the party 🥳
Depending on your organization, your management team will rate and rank all employees per the scale used for that org. Some take the corporate rating system and tweek it for their needs.
This is done independent of knowing what the earnings are and how much they have to give out.
Once corporate has a number, if any, the ratings are used to distribute their allocations out, which is usually less that everybody wants.
NO ITS NOT!!!
“ they typically account for the money the year before.”
What does this mean?
Probably need to see first quarter results before deciding on raisers. SLT members will get them. Don’t count on more than 2% if anything. Expect more IRIF’s. The economy is slowing a bit for everyone.
I know of MIP approved. What is SIP?
Yes still happening.
Given the fiscal state of the company I imagine it will still happen but I'm not holding my breath for a significant one. If I got a decent COLA I would be fine, but don't expect anything major.