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Ask HN: Why corporate culture never increment your salary?

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Re: Ask HN: Why corporate culture never increment your salary?

#21
Out of school, I worked in consulting for 2-3 years and was in a similar situation, here is what I learned:

- The best just leave, they don't negotiate. When negotiating, management will dangle a carrot 6-9 months away at the next "annual review" or whatever. And by then you'll be just disappointed.

  > My performance review meets are only about what my manager wants next.
- Those who ask for more, get more. Some cultures don't like talking about money. But make sure it is a point on YOUR agenda, so before the meeting ends,say something "Hey I had some points I wanted to talk about with you".

- Only make an ultimatum if you're willing to follow-up on it. When asking for a raise, make a case as you did here: "demands increased ten folds", "clients are happy" etc.. but be prepared for a bullshit response or an insulting 1% raise. Have a fallback plan and start interviewing.

Re: Ask HN: Why corporate culture never increment your salary?

#22
post #17
post #11

Earlier quoted context omitted.

I get that money needs to be made, that will stop fairly quickly if you don't keep your employees happy The author of this post says they're working super hard , productivity is up, the company is making money, and they're not complaining. All of the signals that the company is getting are very positive that this person is having fun, enjoying their work, and they're happy with their salary.

Yes and I'm saying that it doesn't hurt to just give them a pay raise after x amount of time, even if it's just a few percentages.

If they're expecting more then a small raise will push them to leave.

Re: Ask HN: Why corporate culture never increment your salary?

#23
People will say that you must confront your manager and demand fair compensation. That's true, but if anybody was paying attention to your work and your worth, if they actually cared about you as a person, they would have given you a raise already before you started feeling this way. They're ripping you off, and that's business as usual. Yes, being exploited is disappointing - you have to demand what you're worth, or seek better company elsewhere.

Re: Ask HN: Why corporate culture never increment your salary?

#24

Quite simply, you’re not valued. Good managers know about the risk of churn, bad ones don’t care. I’ve found familiarity breeds contempt (of remuneration) which can be impossible to overcome. Start applying for jobs with the % increase you’re looking for.

I had an awesome manager/lead in my last semi-corporate job but there are no miracles, they can't go above certain threshold. Within big orgs there are brackets they have to adhere to, even if they know you're a flight risk. Corporate mechanisms don't care, everyone understands that it will cost MUCH more to hire and onboard someone new. Particular people do care, just not the org itself.

Re: Ask HN: Why corporate culture never increment your salary?

#25
Where I live, there is a mandatory yearly wage negotiation, I've heard that Canada is a first tier country and assume it has one as well.

I'd most certainly take it up at that conversation, and argue as you do here, that you've felt a significant increase in workload (and the responsibility that entails?) and suggest that you be compensated for this.

Re: Ask HN: Why corporate culture never increment your salary?

#26
Corporations exist to make money for their shareholders and the executive suite. Staff salaries are an expense, i.e. reduces the net profit available for the above.

I empathize with you in feeling cheated. As so many other commenters suggest, changing jobs for more pay is the only practical and reliable option.

Re: Ask HN: Why corporate culture never increment your salary?

#28
Because they know you'll do the work you're doing -- and the tenfold increase -- for what they're paying you.

They exist to make money, not to enrich their workers. The optimisation strategy is to pay as little as possible for as much productivity and labour as possible, then charge as much as possible for it to customers as a package item. Everything trickles up to the top of the pyramid.

Sadly the only way to reliably increase your pay is to dust off your CV and change jobs.

You might get a counter-offer from your current employer if they feel you're particularly valuable -- but I'd never accept one. At best, you'll end up being higher paid than some or all of your colleagues, and if they find out or suspect that (they certainly will if you flip from "I'm leaving" to "I'm staying") then you should expect resentment from them.

It's really better to walk away and start with a clean slate in another place. I've never regretted moving jobs -- but I've definitely regretted staying at a bad one, or one which didn't value my input.

Re: Ask HN: Why corporate culture never increment your salary?

#29
I think this is actually pretty unusual. My experience with current and past jobs is that I'm given raises without asking. There should also be some sort of career track on offer at most places; getting to the next level usually comes with a compensation increase.

The ruthless capitalist suggests that you should interview at other places on a regular basis, to kind of get another "bid" on your skills. Over a decade ago I worked at an investment bank and this was pretty much the only way to get raises. Entire teams would leave one bank, do the same project at another, then come back a few years later. You'd probably get a pretty big raise with each hop, as well.

This is not for everyone, though. It's time consuming and probably annoying for the people interviewing you if you don't actually choose to jump. My suggestion is to speak with your manager; the value of the dollar has fallen by almost 20% over the last few years. Has the value of your work fallen by the same amount? If not, your compensation should be adjusted.

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