Yearly Raises
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For the last three jobs I've had, including the current one, over the last 7 years, each company did not give yearly performance reviews and raises. Is this a current trend in IT or general business, or am I just unlucky?
The difficult we do right away... ...the impossible takes slightly longer.
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For the last three jobs I've had, including the current one, over the last 7 years, each company did not give yearly performance reviews and raises. Is this a current trend in IT or general business, or am I just unlucky?
The difficult we do right away... ...the impossible takes slightly longer.
I have only received one annual increase in the last 10 years, and that one was for... [drum roll please] exactly 1%. There are several explanations. The company declared bankruptcy, which took several years to recover. I don't mind that one, since I survived the countless layoffs during that time. My team went from 17 people to a low of 4, and is now at 6. The economy has played whack-a-mole with our market. We've also had supply-chain problems, along with early end-of-life on chips and such. In effect, I've had a 32% pay cut over the last 10 years.
Software Zen:
delete this; -
I have only received one annual increase in the last 10 years, and that one was for... [drum roll please] exactly 1%. There are several explanations. The company declared bankruptcy, which took several years to recover. I don't mind that one, since I survived the countless layoffs during that time. My team went from 17 people to a low of 4, and is now at 6. The economy has played whack-a-mole with our market. We've also had supply-chain problems, along with early end-of-life on chips and such. In effect, I've had a 32% pay cut over the last 10 years.
Software Zen:
delete this;Gary R. Wheeler wrote:
In effect, I've had a 32% pay cut over the last 10 years.
You mean when you figure inflation?
The difficult we do right away... ...the impossible takes slightly longer.
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I have only received one annual increase in the last 10 years, and that one was for... [drum roll please] exactly 1%. There are several explanations. The company declared bankruptcy, which took several years to recover. I don't mind that one, since I survived the countless layoffs during that time. My team went from 17 people to a low of 4, and is now at 6. The economy has played whack-a-mole with our market. We've also had supply-chain problems, along with early end-of-life on chips and such. In effect, I've had a 32% pay cut over the last 10 years.
Software Zen:
delete this; -
For the last three jobs I've had, including the current one, over the last 7 years, each company did not give yearly performance reviews and raises. Is this a current trend in IT or general business, or am I just unlucky?
The difficult we do right away... ...the impossible takes slightly longer.
It really varies. My current company works hard to ensure at least some cost of living increases every year as well as bonuses and merit pay raises. They're also really good about giving you a pay raise when you're given new responsibilities. My last company not only was known for firing highly paid employees (reorganizations) regardless of age and not giving pay raises. I went five years without a pay raise until I gave notice. Then they offered me more money.
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It really varies. My current company works hard to ensure at least some cost of living increases every year as well as bonuses and merit pay raises. They're also really good about giving you a pay raise when you're given new responsibilities. My last company not only was known for firing highly paid employees (reorganizations) regardless of age and not giving pay raises. I went five years without a pay raise until I gave notice. Then they offered me more money.
Your current company sounds like a great place to work. May I ask what you do, development, project manager, system administration?
The difficult we do right away... ...the impossible takes slightly longer.
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For the last three jobs I've had, including the current one, over the last 7 years, each company did not give yearly performance reviews and raises. Is this a current trend in IT or general business, or am I just unlucky?
The difficult we do right away... ...the impossible takes slightly longer.
I always thought that having to wait a year before being told "whatever" was pointless if one wanted to "nip problems" in the bud.
"Before entering on an understanding, I have meditated for a long time, and have foreseen what might happen. It is not genius which reveals to me suddenly, secretly, what I have to say or to do in a circumstance unexpected by other people; it is reflection, it is meditation." - Napoleon I
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For the last three jobs I've had, including the current one, over the last 7 years, each company did not give yearly performance reviews and raises. Is this a current trend in IT or general business, or am I just unlucky?
The difficult we do right away... ...the impossible takes slightly longer.
A decent company will at least give you an annual COLA increase. Bonuses and real raises are another matter. In these inflationary times, if you aren't getting even that, I would start looking around for a new position.
Freedom is the freedom to say that two plus two make four. If that is granted, all else follows. -- 6079 Smith W.
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For the last three jobs I've had, including the current one, over the last 7 years, each company did not give yearly performance reviews and raises. Is this a current trend in IT or general business, or am I just unlucky?
The difficult we do right away... ...the impossible takes slightly longer.
it suggests that you need to leave this company...
diligent hands rule....
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it suggests that you need to leave this company...
diligent hands rule....
Unfortunately, it's not that simple. I enjoy the job and I've only been there one year. I don't usually jump ship so soon.
The difficult we do right away... ...the impossible takes slightly longer.
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For the last three jobs I've had, including the current one, over the last 7 years, each company did not give yearly performance reviews and raises. Is this a current trend in IT or general business, or am I just unlucky?
The difficult we do right away... ...the impossible takes slightly longer.
It's not the norm. You should have a yearly performance review and goals set for pay increase (at least inflation) and bonus. This is part of my questions sheet when going on job interviews. Obviously the situation sucks if you like the job and the people you are working with and you do not want to change job in the near future. Good luck.
CI/CD = Continuous Impediment/Continuous Despair
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For the last three jobs I've had, including the current one, over the last 7 years, each company did not give yearly performance reviews and raises. Is this a current trend in IT or general business, or am I just unlucky?
The difficult we do right away... ...the impossible takes slightly longer.
Reading your post and some of the answers I feel like sharing a bit of personal history. I spent the the last 20+ years in a small software company in a vertical market. It was kind of a "total commitment" relationship between us and the company where you were expected to do everything and the company would do everything in return. These are not empty words: we had the case of an employee having a nervous breakdown in a far away land and the owner of the company jumped on a plane on a Saturday morning, took the employee from the far away land to his even further away home, went back and Monday morning replaced the guy for another week until someone else could take the relieve. In this company bonuses were routinely around 30% depending on how the company performed during the year and salary increases were at least matching the inflation. As I said, with great rewards come great expectations: nobody would bat an eyelid if I had to answer a call at 3 in the morning and no one would understand what is the difference between a front end and a back end developer. Stuff had to be done and whoever was closer would do it. The only purpose in sharing this story was to point out that these type of jobs still exist and it's up to you to go hunting for them. The fun in holding them is enormous :laugh:
Mircea
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Reading your post and some of the answers I feel like sharing a bit of personal history. I spent the the last 20+ years in a small software company in a vertical market. It was kind of a "total commitment" relationship between us and the company where you were expected to do everything and the company would do everything in return. These are not empty words: we had the case of an employee having a nervous breakdown in a far away land and the owner of the company jumped on a plane on a Saturday morning, took the employee from the far away land to his even further away home, went back and Monday morning replaced the guy for another week until someone else could take the relieve. In this company bonuses were routinely around 30% depending on how the company performed during the year and salary increases were at least matching the inflation. As I said, with great rewards come great expectations: nobody would bat an eyelid if I had to answer a call at 3 in the morning and no one would understand what is the difference between a front end and a back end developer. Stuff had to be done and whoever was closer would do it. The only purpose in sharing this story was to point out that these type of jobs still exist and it's up to you to go hunting for them. The fun in holding them is enormous :laugh:
Mircea
Thanks for sharing that. I worked for a small startup for about 5 years and it was much like that, except that there was very little money to go around, LOL.
The difficult we do right away... ...the impossible takes slightly longer.
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Because when this started I was 50 years old. Tech companies don't hire 40-somethings, much less anyone older. I'll be 62 in a month or so. If I were to be laid off now, I would milk the unemployment benefits as long as possible and then retire. It's possible I would try doing contract work to "keep my hand in" as it were and for grocery money.
Software Zen:
delete this; -
Gary R. Wheeler wrote:
In effect, I've had a 32% pay cut over the last 10 years.
You mean when you figure inflation?
The difficult we do right away... ...the impossible takes slightly longer.
Yes. It's a valid complaint when local salaries are close to keeping up with cost-of-living.
Software Zen:
delete this; -
Your current company sounds like a great place to work. May I ask what you do, development, project manager, system administration?
The difficult we do right away... ...the impossible takes slightly longer.
I'm the Senior Information Officer for the Colorado School of Mines Foundation. We're a 501(c)(3) dedicated to raising private funding for the Colorado School of Mines. We're on the university's network and I work closely with the university's IT department to ensure our fundraisers aren't stymied by technology that doesn't work. Personally, I'm an SMB IT specialist and have a programmer and two Advancement Services staff working for me. They're specialists in making the most of our donor management system, Ellucian CRM Advance, which is a heavily modified Microsoft Dynamics Sales platform. I'm also the primary software support for our finance team, the CISO, and general IT helpdesk for equipment.
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I'm the Senior Information Officer for the Colorado School of Mines Foundation. We're a 501(c)(3) dedicated to raising private funding for the Colorado School of Mines. We're on the university's network and I work closely with the university's IT department to ensure our fundraisers aren't stymied by technology that doesn't work. Personally, I'm an SMB IT specialist and have a programmer and two Advancement Services staff working for me. They're specialists in making the most of our donor management system, Ellucian CRM Advance, which is a heavily modified Microsoft Dynamics Sales platform. I'm also the primary software support for our finance team, the CISO, and general IT helpdesk for equipment.
Whoa. That's some resume! Companies always put their best people in the departments that make the money!
The difficult we do right away... ...the impossible takes slightly longer.
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Whoa. That's some resume! Companies always put their best people in the departments that make the money!
The difficult we do right away... ...the impossible takes slightly longer.
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For the last three jobs I've had, including the current one, over the last 7 years, each company did not give yearly performance reviews and raises. Is this a current trend in IT or general business, or am I just unlucky?
The difficult we do right away... ...the impossible takes slightly longer.
Richard Andrew x64 wrote:
Is this a current trend in IT or general business, or am I just unlucky?
Whether it's a trend or not, I cannot say, but I too am experiencing the same.
"One man's wage rise is another man's price increase." - Harold Wilson
"Fireproof doesn't mean the fire will never come. It means when the fire comes that you will be able to withstand it." - Michael Simmons
"You can easily judge the character of a man by how he treats those who can do nothing for him." - James D. Miles
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For the last three jobs I've had, including the current one, over the last 7 years, each company did not give yearly performance reviews and raises. Is this a current trend in IT or general business, or am I just unlucky?
The difficult we do right away... ...the impossible takes slightly longer.
No, it's not a trend. At least for me.
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