I’m hearing Merit increases are only 2% this year? Any truth to this, anyone get theirs?
21 replies (most recent on top)
Poor merit increases after the layoff.
Just made those who cared little of company success.
To NOT care at all.
Let’s see the executive % of pay increases.
"We need people who can think differently."
Other than declaring me a sheep, you injected absolutely nothing into the discussion. You didn't address a single point. You just declared it all wrong and marched on, which is... expected.
What's wrong with considering the thought experiment of what tracking against cost of living really means? How would you do it?
If you're unwilling to even open the conversation, why are you responding?
Another weak argument sorry.
You’re spouting the same bullsh-t that has led to mounting crises among youth.
We need people who can think differently.
You sir, or sirette are just a sheep.
"Weak argument" - well, by choosing to select that part of the post, you may have missed my point. "Cost of living adjustment" isn't a real thing. You might wish it to be, but it just isn't. The question for an employer isn't, "How do our wages track against the chosen inflation index?" but, "Are our wages remaining competitive in the industry?"
If you think it should be indexed to inflation, is that CPI? Or core CPI, which excludes food and energy? Or PCE, which is based on substitution? i.e. ribeye is pricier so people buy more chuck... If the inflation includes energy, do wages drop when fuel costs subside?
And Even Banks are blaming business leaders in Canada for not keeping out ....
https://ca.rbcwealthmanagement.com/alison-parry/blog/4106350-Proof-Point-Weak-productivity-is-threatening-Canadas-post-pandemic-wage-growth
And this is even more shameful given that Canada Oil and Gas gets more gov't subsidies than any other G20 Nation. Actually to the point - Oil and Gas eats up most subsidies so other industries don't get any, and therefore no innovation and investment from other areas, driving prices up low proudcitivty
https://www.cbc.ca/news/science/fossil-fuel-subsidies-expaliner-1.6371411
"If inflation were negative, would you be okay with a reduction? Of course not"
Weak argument - In Canada the last case of deflation was around depression. In 110 Years, there as only 9 years of deflation. And yes historically speaking - deflation is a million times worse than inflation and does cause wage reductions that are unavoidable ( not too mention job losses ).
The NORM is inflation, so employers should respect the 'typical' economic cycle. Besides, capitalism is built on the concept of growth at all costs, which in itself is why inflation wags the dog.
"That's standard anti-employer activist language"
Interesting that corporate leaders drag this out as an argument, yet get offended when 'pro-employee' rhetoric is pushed their way. Thin skin I think - weak minds from most corporate leaders, whom are usually more concerned with keeping their cozy gravy boats of cash flowing in. Most CEO's have zero interest in the longevity of their industries - only CEO's i know of that do that actually started the company they run.
There's no such thing as a cost of living increase. That stopped being a thing a very long time ago. If inflation were negative, would you be okay with a reduction? Of course not.
A company does not need to track against inflation, which is notoriously difficult to agree on. They need to track against the market for attracting and keeping the class of workers they want.
They aren't stealing from you. That's standard anti-employer activist language, and it's not helpful. The value proposition of your job changes around it, though, and you may need to decide whether or not it still works for you.
Stingy PL gave me successful and 3.9. Even though I deserve higher
- 5% here. I was part of the Alliance sale.
If your base pay isn’t 20% higher than it was in 2020, they have been taking money out of your pocket year after year, and gaslighting you into thinking you’re lucky to receive a merit increase that doesn’t even cover cost of living.
You should be looking for something better than Enbridge. #Tomorrow is: more layoffs, another rupture, more mandatory DEI brainwashing, another dividend increase at your expense, throwing more money away on wind, solar, RNG, etc.
5% and LTIP. High performer
I only got 3% for successful and am at mid-band. I bet some of my merit increase was given to someone else.
Some got 5. Most got 4. Very few in the 3 range.
Not very good on company really after huge cost of living and layoff.
I will say a lot larger percentage started to not care now.
Like 15-18% more.
HP 3.3. And ltip. Depends where you are in the band. I gave my HPs more percentage. Some got plus ltip.
I got 2%; bad sign…
5%
If you got a 2 percent raise, you or are either really overpaid, really bad at your job or possibly both.
The Merit each person gets is based on a bunch of factors like your performance. That's why it's called Merit. It's explained on Elink.
LOL, mid 6 figure severance package for me!
5% for me
Not even close to being that low