Jobs by JobLookup

My company is putting annual raises on hold. They're going to do a 'compensation study/analysis' instead. I can't find anything about this online. Is this a way for my boss to say "we love you but we don't wanna pay you and this doc says you're paid enough"?

 


Pretty much the title.

I am due for an annual raise in February. I received an amazing performance review. I really like my company and the work. My boss is great. I did receive a 25% bonus at Christmas for my 2021 performance. I work in business/tech/finance. We had record revenue in 2021 and my work is a big part of that.

Now they're saying that even though they love me, want me to be moving up the ladder, etc...we're going to do a compensation analysis within the next 6 months so there won't be any raises until that's done.

This feels like a punch in the belly, especially since inflation is stupidly high right now and even though that's not my boss' problem, it IS my problem. And a glowing performance review about how great I am doesn't pay my bills.

Does anyone have any experience with this?


JA:

It could be used to say you’re all overpaid no raises, it could also mean a massive correction in your favor is coming.

You can do your own compensation study, ie interview for some jobs and see if you get offers and how much they are.

Post a Comment

Previous Post Next Post