I feel I am being played!
I have been working in my company for over 4 years now, each time it's time for Appraisals I am told the company cannot go beyond 7%. But I have progressed in my role through the years and I have delivered excellent growth results this year when the context has been dull. I am super frustrated it could end up with being handed a 7% increment and of course a football to take home, especially after my meeting with my manager. It's getting to me now!
If the company is really decathlon then it is meant to be played xdd jk ๐๐
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I literally got handed a football for being the top performer, I mean like really fam!
Bumpy_Stock
Stealth
10 months ago
In cities, true inflation comes from real estate. 10% every year.
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Sounds like a toxic relationship that needs to conclude. What do you think about interviewing?
BahadurBilla
Stealth
10 months ago
Just do it.
This is how the world works son. If you simply work hard in a straightforward way it wont fetch you any money if thats what you are looking for. You need to create dependency and make yourself irreplaceable and threaten to leave if not given a raise. Thats when your importance would be realised ๐
Also, 4yrs is too long of a tenure. If money is your focus then switch jobs every 1-2 years for first 10 years of your career. You cant get more tha. 10% hike in a appraisal cycle staying in the same company.
These are the rulea of the game. Playing the gamw well is upto you. All the best.
Doesn't seem to be the case, but the irony is even after I have performed way above the norm it doesn't seem to be enough
Kamlesh
Stealth
10 months ago
Start looking for other jobs, negotiate with them after you have an offer in hand.
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Also, the market trend now isn't very favourable yes? How likely is it I can join a marketing gig ?
Is being handed a football some euphemism or you meant it literally?
onlyD
Stealth
10 months ago
Move on brother
BitterPill
Stealth
10 months ago
I think your growth in this company is saturated. Clearly the company doesn't believe in rewarding your performance suitably and it won't change. Get out of your comfort zone and find yourself another opportunity. All the best!
Most companies and managers gauge propensity of person to leave the job. If 7% is norm, the manager will need to fight hard to get anything more and he might be reluctant to do it.
One option is to start searching for new job, you are definitely lower paid that peers after 4 years of 7% annual increment.
Other option, is to check if there is any other way of getting higher increment. For example, most of the companies I have worked for promotion comes with increment. Check HR policies, be blunt about needing more money and if manager is amenable work out a solution.
Although 4 years is a high time to leave a company unless you are on fast track of career growth or want to settle in familiar environment with not too much stress
Dinosaur89
Stealth
10 months ago
I was in a similar situation with a former employer, but worse. I was told budget is not there for hikes, but my manager got promoted - twice !
Told my skip manager I'm resigning, got offered a 20% hike then and there only (other offer was a 30% hike).
I rejected the 20% hike offer, didn't want to keep going thru this toxic discussion every year.
I would suggest you to switch, and if you really like and don't want to leave due to any reason, get some offer, and ask them to match, else leave bro.
I have also worked in same company for more than 4 years, I have worked with many managers, good and bad, result for us won't change, only thing variable is that, few managers will rudely put it to us, and some will act like they care, and convince us in their decisions. But at the end they will always try to give us as low as possible.
Whenever you join a company, ask colleagues how the appraisals are generally. Then decide how you want to perform. I found out my company also gives single digit appraisal after i joined in July. Iโve been doing bare minimum since then. Because I know there will be jobs benefit to me but to company if I go above and beyond and lose my energy and time which could have better invested with my family, friends and trips.
Demon
Stealth
10 months ago
Get a better paying job and resign.
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