Is it only my? After annual review company increased my salary on 1%. Inflation is 7+%, so my TC effectively dropped down by 6%??? Is my Math correct?
Your math is incorrect. Your TC would've effectively dropped down *if* the net increase in your CoL is more than the increment in your pay. If your base is low, then yeah maybe it's a loss(though I doubt it'd be a 6% loss), but if it's high enough you're still rising.
Thatās a hell of a rationalisation for 6% pay drop. Sounds like something HR would say. They told me youāve got a mid year pro so you annual combined with pay rise is good. Story short. I left
I'm not saying that a 1% increment is acceptable, mind you; it's unacceptable and I'd start Leetcoding my way outta there if I ever got an increment like this one. At the same time I'm trying to shed light on the whole "increment% < inflation implies a salary cut" rhetoric.
Did they call it a āmerit increaseā to gaslight you too?
Itād be a perfect burn.
That's HP for you.
Which company ? And TC ?
Hm, from most friends working in startups base after perf was 6-8% up. After inflation stays the same basically.
How's equity doing though
They spat on you. Put up with it or leave.
š¤£ I literally felt your words
Now the question is, is the spit yellow in color or not šš
My partner had a 3% raise and I had a 15% base salary bump but the company pulled quarterly bonuses so I actually took an 18% paycut. We are getting ready to retire, otherwise would be job hunting as several colleagues are. We are not done with inflation, the market has another 20% to fall and the Federal Rserve is now planning .25 rate increases at its next 9 meetings. So yes ... 2022 suxx!
Best year to invest I guessā¦
Since you said youāre retiring, how old are you if you donāt mind me asking?
SMASH DESK AND FIND A NEW JOB
Yup. And people think that everything will go up because of inflation including salaries. Wrong, you'll just be poorer and buy less of everything in life.
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