I joined BD about 10 months ago and I am not happy with the annual salary increase. Is it always this low?
21 replies (most recent on top)
The annual adjustment always underwhelms- it never tracks to inflation. Creating value and exceeding the expectations of your role are the main drivers of salary growth over time.
I've been at BD 10 years + never got anything above 3%. Now it's even worst since there's no rating in your review and everyone gets the same raise. No incentive to do more. BD is a good place for the slackers
Regret sticking around for the bonus. What a kick in the teeth. Culture is horrible. Leadership is as bad as I have ever seen it and they are worried about the WEF. Give me a break.
I’m honestly in the same boat. I’m trying to give BD a chance, but I contemplate walking away before securing another job. I’m convinced nobody knows how to do their job and that the Executive team assumes this gravy train will run forever. I hope they close the doors on this company or at least clean house at the senior leadership level.
Yes, you will get your bonus if you resign now. Even for voluntary resignation you get FY23 bonus if you are employed through end of September 2023.
Can we get bonus if we resign now.🙃..
BD does not pay very well at all. And even if you do great work, the yearly increases are pathetic. I left BD and I am glad I did. I no longer have to worry about piddly increases and yearly layoffs.
Yearly increase is different in each country, Business management has no power it.
Tom saving his job by cutting your bonus.
It’s the business modifier that differs. The annual increase is up to 3% for most. The business modifier has always been at or above 100% for almost all segments. This year we are seeing anywhere from 40-97%. Big change.
The annual raise percentage is set at BD’s top Financial Mgmt level as it needs to fit into the P& L budget. If one employee gets above the range, another employee or bunch of employees contribute and get below the range. That’s the general approach. To get really extra requires sign offs to come from a different slush fund, most Managers have no power over it. Some Directors do. It is usually at a VP level.
IDS is 40-57%. BD is trash.
I had stellar performance reviews every year (5 years) and always got 2.5%. I asked for a raise one year and did not get anything. I left the company.
Raises are usually 3% but if your in the circle you could get 3.5
Keep doing your own reviews, they have no clue what you do. That way they can lie and tell you what you need to improve on and or cross train for the same wages
- 9 sounds more accurate
I’m also new to BD. The salary increase was 2.9% and the bonus is based on the performance of your specific business unit. Ranges 75-92%. Your manager is required to go through your comp statement with you.
I'm newish to BD and my boss told me it's never been higher than 3% in the 10+ years they've been with BD. Can anyone else confirm? With how poorly BD is doing as a whole this year, if it's anything higher than that 1% I'd be shocked!
Yea that’s really low. I don’t think I’ve ever heard this early. It’s usually the second week of December. Unless my manager is just slow getting to it.
And bonus is at 85%
I received 1%
What is the percentage? I haven’t heard anything yet.