I'm a high performer and my increase was less than 4%. Obviously this does not even come close to keeping up with inflation, and I think a lot of us are taking pay cuts with the new "market adjustments."
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Having open conversations about pay and raises is a must. Mgmt loves to have the upper hand and coworkers not discoing pay gives mgmt all the leverage. When you are rated a high performer but are well above midpoint for your pay grade, you get screwed with a 2-3% raise in comparison to someone else with the same rating, same job grade, doing the same job as you, but they are below mid, they get 6-8%. You are not getting payed for your performance but penalized. Midpoints should NOT be taken into consideration when promotions to the next pay grade are not an option.
Funny how everyone on here seems to think they are a high performer
“Stop worrying about everyone else is getting”? That mentality is why P66 has underperformed its peers. You have to reward your top performers or they will leave; destroying company value. I can go recruit a 4/5 all day, everyday, to fill a seat.
Thats the problem with ya’ll… stop worrying about everyone else is getting.
Rewarding mediocrity will finish the job that this transformation is working towards.
Another high performer here. High in grade due to mix of regular good performance ratings and low increases to the salary bands.
Box one last year and ended up with measly 3.5% increase so in effect a pay cut when inflation taken into account.
One of my reports got a box 4 last year lucky not to be box 5 and got an 8% yes 8% increase because they were low in their grade.
To say I’m p!$$ed is an understatement. How those id--ts on the ELT can think this is a good move is beyond me.
Top performers are not going to be okay with this treatment. Salary decreasing relative to peers is not a good message. I foresee talent being poached at an alarming rate.
Depends where you were in your salary range. This helps some people and hurts others. Opinions will vary.
It’s pathetic but expected from this joke of a company. We’re one of very few industries to benefit from inflation soooo let’s short the staff who lived through all the covid and AE66 BS for the past three years. Fake Sean Connery says it’s smashing! Now he and Comrade G are looking to offshore your job to save a few bucks! That sounds like a ringing endorsement for DEI lol! No equity for you, we’ll take that, thanks mmmm k.
I used to watch Bob Welch play for my beloved Oakland A’s!