Monday, September 22, 2008
I've been "promoted"
I found out today that the promotion my manager recommended me for was approved--sort of. I am getting the better title, and my bonus potential will increase by an additional 3% of my salary. However, the recommended salary increase was not granted by HR. There's a freeze of some sort on raises outside the normal salary planning process. So, my immediate salary hasn't changed, but I might get a better Christmas bonus, and I'll be in a better position to argue for a bigger raise next spring, since I won't be penetrated very far into my band. Unless I've left for greener pastures by then. I like my job and the people I work with, but it is frustrating to see my real salary decreasing as my raises fail to keep up with inflation. Good thing my home and 401k plan aren't decreasing in value at the same time, or anything :-(
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2 comments:
That's the frustrating thing across America. Seven years of stagnant wages, together with inflation that is obviously higher than the 2% they claim, does not lead to higher living standards.
It kills me about this trillion dollar financial package that the wealthy are getting bailed out for their bad loans, while the suckers who got in over their heads on home equity lines can no longer even declare bankruptcy to escape past mistakes. And that trillion dollars will be paid by the middle class in the form of future higher taxes.
I think the wealthy classes are shooting themselves in the foot. By being unsatisfied with merely obscene wealth, like they had in the 90s, they are only eroding the middle class, the refugees of which will some day rise up in righteous indignation. And then we'll have excesses in the opposite direction.
Oh, uhm, congrats on the promotion. :)
Thanks, I guess. It is discouraging to think I'm making less on an inflation-adjusted basis than when I started this job.
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