Sounds like you have an awesome party and then hop?
Raise will be the standard 3%, but bonus will be at max (again). I think thatās like 18%.
Iām OK with that. In the past, the annual raise was 2.5% or so and if I got a great bonus it was like 6%. Really donāt miss the days where the bonus was practically de minimis.
Wonāt know what my raise was because it was rolled into my promotion.
Bonus is paying out at almost 200% of target. That will be a nice check in another month.
Iām sure you guys donāt need me to tell youā¦
but SPEND THAT BONUS MONEY
I donāt like your retirement ideas for people without money, so Iāll do whatever the fuck I want with my money.
you donāt have money?
What if Iāve already spent it?
Neva!
These low raises in this thread are worrying me a bit. Do actuarial employers think theyāre going to be immune to the new remote economy with the higher rates of voluntary termination?
the solution is to stop being poor
RESIGN. Employers are beggars in this environment. Donāt let them abuse you/
Iām our sole income - I aināt resigning without an offer in hand.
Start looking!
Does it count as spending if I put it in a 529?
Sounds like the reason for why I left my first insurance job
Great performance review but ācanāt advance due to HR ruleā⦠almost would be better off if theyād given me a bad review
What kind of prerequisite is it? In my case it was arbitrary tenure requirements in each role.
Do you feel rich after?
Sort of. Itās important to me that I cover the cost of my kidsā college education when they get there so Iām basically just pre-funding a gift.
Then youāre spending!
Well, no, maybe I have that backwards.
Friends in other areas of my company are reporting around 3% raises on average. I am verrrrry interested in seeing what retention looks like after (very high) bonuses are paid out this year. And from my discussions with other parts of leadership, theyāre also bracing for that. I donāt know if they really know what to expect, but are banking on enough people not being motivated to leave that they end up still better off at the end of it.