Last week, I wrote that I won’t be complaining about my very very very (did I say very?) low salary increase. This time around I am not complaining because I went on a crusade last year and got 3 income raises in the span of 12 months. As an insurance company does after a claim, my employer is trying to recover and was quite cheap this year. I guess they call it “compensation process” at the evil HR department ;-).
I know that my manager is fighting for me to get a higher salary considering my performance and the growth of my portfolio. So since you can’t always complain and I already know that someone is “working for me”; I won’t do or say a thing this year.
How much are you getting this year?
I’m curious to know how much you will receive this year? 1%? 3%? 5%? What is a decent income raise anyways? And by decent, I am not asking the question just from an employee point of view but also as an employer. How much can you successfully give to your employees and maintain a normal level of growth and profit? If you give too much one year, the next may bring a lot of disappointment among your crew. Is this better?
If you want a secret; employees will never be satisfied by the salary increase anyways ;-). Give them 4% they will ask for 5% next year. Give them a steady 3%, they will complaint that they always receive the same thing (taking the raise for granted).
I have seen a new management wave in the industry. Some companies are not talking about raises anymore. They are talking about your level of competency and performance in line with their salary bracket. They don’t give you a raise anymore, they reposition you in the salary bracket. And this is how I won my point last year; nobody had a small book, a master’s degree and the results that I had. Therefore, they had to reposition me in the salary bracket ;-).
You need to see yourself as a small incorporation
If you see yourself as an employee, you will be asking for a raise and complain about how small it is. However, if you consider yourself as a small company working for a bigger one, you will be able to build your case and show which kind of advantages your employer has when he requires your help to outsource a part of its business. If you are profitable for your employer, then perhaps you deserve a part of the cake. If you are just a big cost center, don’t talk too loud ;-).
If you are looking for a raise; you can always move to China 😉
The Chinese workers should get an increase of 15% on average for this year. In fact, this is about the average increase for the past 5-6 years in China. However, the average income is…. Drum roll…. $0.75/hr 😉
So it is quite normal that international companies don’t worry about giving an additional $0.20/hr to their workers since they won’t even make $1/hr…
Where I am at since I didn’t ask for anything…
Well… I didn’t get much! But I am still waiting as I know that some “changes” are in the air. I still think that I am better off shutting my mouth for now 😉 I’ll keep you posted!
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