The other thing I always tell people is every year you don’t get a raise that’s at least equal to inflation you’re getting a pay cut. Finding a job that does cost of living increases every year is a huge benefit.
My company generally gives yearly raises, and before 2020 they were usually pretty generous. The last few years though, they haven’t even come close to matching inflation.
The other thing I always tell people is every year you don’t get a raise that’s at least equal to inflation you’re getting a pay cut. Finding a job that does cost of living increases every year is a huge benefit.
Isn’t this the norm? I’d quit if my company didn’t do this.
Sadly no, my company does, but many companies see employees as resources, not assets.
Ugh. At the place I worked for a long time pre-covid, fairly often I heard the word “resource” being used in place of “human being.”
Can we put a resource on this problem? Who is the resource assigned to this? We won’t have an available resource until next month.
My company generally gives yearly raises, and before 2020 they were usually pretty generous. The last few years though, they haven’t even come close to matching inflation.
And you are getting a relative pay cut. Doing the same amount of work, but the money you take home doesn’t go as far.