Salary market adjustment for inflation

Apr 20 12 Comments

Have you seen any adjustments to your TC that appear to address/match inflation in the past year or two? If multiple adjustments, report the cumulative adjustment over up to the past two years. If your adjustment(s) were a mix of salary and benefits, select a "salary" option in the poll with the combined amount.

Obviously the performance of your company and hiring/retention will be much larger factors, which will cloud this data, but I figure it's still worth collecting.

I am in engineering at @Qualcomm and the company just gave 5-10% increases to base salary for employees in lower titles (e.g. Engineer, Sr Engineer, Staff, Sr Staff).

The poll will aggregate across companies so feel free to comment for more visibility into which companies seem to be responsive.

I am looking to make a jump, so I am interested to see what's out there.

TC: $210k

#salary #marketadjustment #benefits #inflation #qualcomm

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TOP 12 Comments
  • New
    Sanders99

    New

    Sanders99
    Where's the 'I was told Im lucky to have a job, and got no raise' option.

    Also several of my buddy's reported F5 Networks did this. They told everyone they are lucky to keep their jobs, then had back to back record years. And told everyone they would make up for it. Gave everyone a whopping 2% increase.
    Apr 20 0
  • Scopely
    grRB45

    Go to company page Scopely

    grRB45
    Nope. The standard annual 2-3% merit increase for me. I did get 18% by asking for a raise last year though. That's probably what you gotta do if you want an inflation adjustment.
    Apr 20 0
  • New
    asg3av

    New

    asg3av
    If the economy and inflation continue to head the way they are, companies will be less inclined to give raises, bonuses etc to encourage attrition
    Apr 20 0
  • ARM
    andj87

    Go to company page ARM

    andj87
    Was this inflationary adjust for all sites? I am signed on to come to QCOM and would like this adjustment too..
    Yesterday 1
  • Apple
    YMqi36

    Go to company page Apple

    YMqi36
    Op you should have posted this in tech industry or hardware semiconductor Topics.. HR issue is not relevant for this post
    Apr 20 1
    • OP
      Yes I was looking for a category that was agnostic to industry/career but I agree, HR isn't the right category either. There wasn't a generic "compensation" category -- I was surprised :p I think there was a "benefits" category but even that didn't seem quite right either.

      If I did it again though, I think I would ask expressly for everyone's average yearly TC appreciation *only within current company excluding jumps* over the past two years (or more, maybe up to five years if the individual has stayed with the same company). I think trying to "rule out 'expected' and 'performance-related' increases" just worsens the noise.
      7d