Inflation was 3.4% in 2023, salaried raises are between 2.0% and 2.6%

Congratulations on all of the hard work you put in last year, the raises for salaried employees this year don't even offset the increase in inflation in 2023. If your manager hasn't had the conversation with you yet, get ready to be disappointed. Your annual increase won't even cover the cost everything went up last year. We are effectively making less than we did last year, and we are being asked to do so much more, given the head count reductions earlier this year.

It looks like the company needed the money to have the big party in Chicago this month. Our Store Manager was posting pictures of all the executives out drinking and holding up their fingers in the #1 salute. Doesn't feel like we're number one when the cost of everything is going up and the company can't even scrape together a measly 3.4% raise to ensure managers don't make less than they did last year.

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Just got my raise today, it wasn't even 2%. The prices of everything have gone through the roof over the past year and our store only has four managers and the company keeps adding more and more stuff that we are supposed to do. We have one manager out on LOA and our store manager is helping to cover another store, so its really just me and another manager running the place.

Now they want us to go out and get community events for our store, were are just inviting our churches to come shopping and giving out tourism discounts. Who has time to spend out of the store? As it is, we have hourly Captains running the store half the time and theft is through the roof, we aren't making credit, and service is down.

Going to start updating my resume tonight to include all of the new responsibilities I picked up in January and see if I can't get another retail management position that pays more and has a better work life balance.

What is the hourly raise for a top performer?

Sooner or later the second wave of layoffs is coming.

There have been years where no raises were given to salaried managers. The raises went to the hourly colleagues only

& I will add to "if the takeover goes through next month, it will only speed the decline." there are high level corporate adjustments starting to be announced to take place May 13. I suspect by June a lot of this dirty laundry will be aired

If you didn't know it already, this is the best time of year to look for another job in retail. Unfortunately, changing companies has become the single best way to outpace inflation and build your salary. Why stay with a company that gives out such embarrassingly small merit increases when you can find a position with a different company and a position that has less stress and pays more. Also, consider that there will be 150 less stores by the end of 2025 and if the takeover goes through next month, it will only speed the decline.

Sorry folks, not much of a future here.

That’s the average increase for most storyline level mgrs.

Raises have never followed inflation. Several factors was to why. Economics 101.

Thread regarding Macy's Inc. layoffs

Inflation was 3.4% in 2023, salaried raises are between 2.0% and 2.6%

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