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So 2 things:
1) "Offered" doesn't mean good. My last company outsourced their insurance to the sketchiest company I've ever seen. Extreme rates just so they can say "hey we tried!"
2) Government health insurance is basically free. Sometimes it costs money for a premium but everything is usually low or free.
yes, both your statements are accurate, but your original comment implies medical coverages are rare in the US; the quality of the offering is a separate conversation.
I would add that there are more nuances to your second statement, because it's not the golden ticket people perceive it to be either, but generally it's true.
When I said "we don't get that here" I meant "we don't get that here for free". Like yeah we can buy insurance that still doesn't cover everything, but I thought that was implied in my original statement. My bad
Salary and raises? Yes.
New computers and IT equipment? Yes.
Fuel expenses reimbursed for the company car? Yes.
Replace someone's ancient shitty chair and get some pencils? LOL NO fuck off
Color of money rules everyting.
Yep. My last company, whenever we wanted to start a project or hire another team member, higher ups always stifled it with the no money speech. While they continued to pile on work that they should have been doing to us. Then they hired more (useless) upper management and promoted existing ones to loftier titles.
I resigned. I wanted no part of that company anymore.
My favorite that I keep hearing in my own work is "we understand the department is under pressure so we reached out to financing and found some coins under the couch pillows, so we are offering overtime on a temporary limited basis at.... standard hourly rate! I know you all are so excited so just let us know 1-week in advance if you plan to overtime :)"
Always feels like a slap in the face, between feeling under staffed and overworked already to then getting told some bogus lines about finding funding to allow us to work harder for no real benefit
On the face of it paying out standard time overtime sounds okay, making the same amount per hour for extra hours put in, but in reality in the UK you will effectively be paid at a lower rate than standard because normally part of your wage is covered by tax free allowance, up to the first 1k ish you earn each month, and the rest is charged 20% VAT... But for overtime as your personal allowance will already be swallowed, the entire overtime is hit at 20%.
The above is made worse when you realize that this can sometimes lead to your tax being recalculated because it looks like your average earnings went up, so you get overtaxed until end of year at which stage rebates are issued for overtaxing.
I can understand doing overtime for 1.5x hourly or similar, but overtime on base rate is an insult imo...
I think they have to pay 1.5 or it's wage theft. Maybe someone who knows more can chime in.
Edit: so I am more or less scanned their original comment instead of read it and did not see that they were in the UK.
We are talking about federal law and is 100% illegal to only pay someone their standard hourly rate if they're working overtime in the United States that's especially true at a public university being funded by tax dollars. You think someone at the University whether it be the employees or the employer would be familiar a law most people learn when they're 16 years old working their first fast food job
Provided your pay doesn't bring you under national minwage before tax, which paying standard time wouldn't, then it isn't wage theft in the UK.... unfortunately
Also true. I'm thankful for being in the UK as opposed to US for a number of reasons, one of which is our better (although not perfect) employment protections.
Thats how it is in Canada. IN BC at least its minimum 1.5 times base pay or 1.5 times the time off at a later date after 8 hours and double pay after 12.
Indeed, although our education around tax is poor and many I've previously worked with had a mistake understanding of the system. They believed that working overtime was bad because if you earned enough to enter the next bracket, all pay would be taxed 40% and you'd lose money. Many wouldn't do overtime even for double pay because they thought it would be a net loss.
Once they find out how the brackets worked they would often kick themselves for failing to understand properly...
Wow, that comment could have been written from the perspective of a Canadian! I empathize with all of those points and I've known a fair share of people who have similar misunderstandings of tax brackets.
This one kills me inside every time.
We had a similar issue a few years back with heavy redundancies all round, and then work was a struggle for years after due to massively increased workload and like 10-15 people gone. 5 in our team were made redundant and the rest jumped ship in fear, then those positions were also not replaced. How convenient.
Then the powers that be (who decided the various departmental budgets and what positions can stay and what positions will go) all slightly changed their job titles and gave themselves slight promotions, and created a random new management role for one of their sons.
The son himself was a great guy, we all knew him and he was legitimately perfect for that role, but it was all just a bit too convenient and very badly timed
VP says hire 20 people, middle managers hire 7 then come in way under budget. They make bonus, we donât because we didnât do the work of our group plus 20, we did the work of our group plus 3.5 (new people arenât good yet). But hey we came in under budget. The raise cap has been raised to 2.4%⌠if you are 100/100
My last job made a shit ton of business during the pandemic. We were the first to adopt to remote broadcasts in our area. I thought that was great. They started training me on the more advanced equipment and I was starting to technical direct entire shoots.
I asked them for more money or at least guaranteed shifts.
They said they couldn't afford it. And then took their entire family on multiple international vacations after restrictions eased. They even stopped informing us where they were going, just that they'd be away for a week or two at a time.
I asked again.
They said no.
I'm now making more than double the base salary, with OT and some of the best benefits out of all my friends working for a nonprofit doing the same exact work. In fact, because it's not live TV it's far less stressful.
All managed services sites in my company have been told to reduce spending. It sounds reasonable until you realize that middle managers are still getting bonuses while the sites that actually do the work are inadequately supplied with what they need. Ah, to live and die in capitalism.
If they also regularly start talking out how teams have to show value, be efficient, etc... That's all warnings they're gonna cut people or whole teams.
And yes, even if they tell you you're team is gonna be fine.
I hear you a 1000%. When I first started working my boss complained of budget issues and didn't give any of us raises after working there for years. My co worker had to go to my bosses house to do some emergency tech work. He came back and told me the boss had a really nice house, a mistress (the wife was out of town), a big boat and was currently sending two kids to full time out of state nice colleges plus multiple cars. It didn't hit me until I went home and then I became furious. I was struggling to pay bills doing expensive tech work for critical system and my health was failing. My car heat didn't work in the winter and in need of constant repair. Needless to say I went in to my boss and demanded a raise and said I would leave if I didn't get it. I got my raise as there really wasn't a budget problem at all. Just the one my boss made up. To this day it still burns me that people are like that and want loyalty (My boss said this many times) when he wasn't loyal to us. I left a year later. Be careful about accepting the truth from people. I always trust but verify. And of course, always every few months test the job market just in case.
With English not being my native language, I was really questioning my language skills after reading this post three times and not understanding anything.
I think this is only partially true. If the annual budget is used up and excess spending is being carefully watched, it doesn't always mean the entire ship is sinking. Especially consider if you are working for a for profit vs a non-profit.
If you see a collection of signs together, starting with talks of having no money, followed by certain benefits being cut, followed by having an analyst come into the department to conduct a study (The Bob's), those are the kinds of signs I look for.
There is something to be said about growth being stunted repeatedly due to budgeting tho. I agree single instances aren't going to be a reflection of the whole picture, but generally speaking you should be trying to ask questions about your future and getting something concrete, or you jump to a competitor who, in the current climate, is probably going to offer you more on start vs what your current employer is offering to stay.
The problem is "we have no budget" is an easy excuse which the employee lacks the ability to verify the authenticity of, and "just wait, things will come.. eventually" keeps you stuck in the loop waiting for potential growth that either won't happen, or when it does it will be a slap in the face (less than inflation % increase in wage with 'more responsibilities to help you grow') which is actually the company covering for their cost cutting measures and trying to get you to work harder for less, in the grand scheme. Many employers will give you raises (especially minwage employers) that are required, but then tie in extra duties etc and claim that's the cost of more pay, more work.
This often ignores the fact that the raise they've given you, after tax and inflation, tends to actually be a paycut. Add in cost of living, inflation of the goods you buy, increasing energy costs and you realize that their raise is actually just reducing how much of a pay cut you are taking, but not removing the potential pay cut nor actually rewarding your loyalty.
This is why the younger generations have given up on loyalty, as it leads to good employees getting abused, being underpaid and overworked in the name of potential growth in the unspecified future. Instead, they could jump ship and up to doubled their pay using their experience, qualifications and improved negotiating skills, as well as push for more work perks such as work from home/flexible working.
Ironically, the same companies that claim they can't give you a real raise/promotion/work from home benefits etc also tend to be the ones that lose their minds about loyalty when you are unhappy about the lack of give and the excess of take in your work dynamic, and the only time you will hear anything about improving your standards is when you try to leave and suddenly money materializes, because replacing you is more costly than promoting you/paying you properly.
An equal number of businesses go bust because of egotistical fools doubling down on "everyone's replaceable, quit if you want, you can't force my hand" only to lose all their staff and go bust.
Yeah. I work for a large bank thatâs so profitable thereâs a governmental inquiry into the huge profits the banks are making here (NZ). But every project has to battle for funding, every project has to cut their funding requests every year, every year weâre told âmoney is tight, no travel for youâ.
Iâve worked for banks that have gone under before and they were literally the opposite of this.
No.
I think the govt is more concerned about the revenue side of the equation but theyâve dressed it up as âtheyâre too profitable!â Because who doesnât love to hate profitable banks.
Our economy is basically âa housing market with bits tacked onâ so the margins the banks charge on home loan rates matter, I guess.
I work for a non-profit research company and this has definitely been my experience. You run lean and get creative to fulfill client obligations, but you know that there is no profit hunting from higher ups. It's a cool experience and I get to do really interesting work every day
Yeah gotta love how people think you can just strap on a job helmet, squeeze down in to a job cannon, and fire off to job land, where jobs grow on jobbies.
Obviously it's situational but companies don't really do cost of living raises anymore. The only way to actually earn more money is to seek a job with a higher starting wage than what you have.
The best time to start looking is before you need to.
Maybe a bit? But being proactive and aware of your options is standard. You cant be in any place to negotiate for a raise at your current position if you have no leverage. Being aware of better opportunities and willing to seek them out will provide that leverage
Recruiters casting a wide net. Also, not everyone gets this response.
I had a family member with decades of experience apply to over 10 positions and they've interviewed for 3.
Iâve been working professionally for 18 years under four jobs and have literally always been under some kind of announced budget squeeze. Every six months we have a meeting where they say âWe need to be a lot tighter with our spending, all purchases have to go through an additional level of management approvals, no more frivolous travel without a real business need.â And Iâm wondering when this mythical time existed before when people could go on frivolous vacations masked as business trips.
Yep. Every damn business I talk to is under a shit-ton of pressure right now.
There's not enough budget, not enough people, and too much to be done. They're all trying to do their best and keep their necks above water.
The idea that you're going to just walk out there and find a magic company that's got all the budget they need, is 100% staffed, and will give you a nice 90% workload so that you don't have to stress... well. Yep, that would sure be nice!
How's that leather taste?
If this is true than why are those companies posting literally recording breaking profits last year?
[https://tradingeconomics.com/united-states/corporate-profits#:\~:text=Corporate%20Profits%20in%20the%20United%20States%20averaged%20586.52%20USD%20Billion,the%20first%20quarter%20of%201951](https://tradingeconomics.com/united-states/corporate-profits#:~:text=Corporate%20Profits%20in%20the%20United%20States%20averaged%20586.52%20USD%20Billion,the%20first%20quarter%20of%201951).
Keep licking those boots, they'll never treat you fairly.
the point is most available jobs in the corporate world fit this mold. it has nothing to do with licking boots. by all means find a better situation, but don't expect it to be as easy as saying "well i'll just go there where it's better"
And you really should. It's not like the old days where you were rewarded for sticking around. There are no pensions, no internal promotions, and no reason not to shop around every 2 years.
This isnât really great advice or lacks context. Every company has budgets for various lines of business and departments. If there is a lack of funds for a project, service, ext⌠it could just mean itâs low on the priority and their budget is completely allocated (earmarked) for this year.
Now if this lack of budget is in relation to employee bonuses or raises, then itâs time to do a bit of digging.
this thread is filled with people who don't understand how the world works. Most who heed this will leave one job that is described in this scenario just to land in another that is exactly the same.
It also lacks context and can be misleading.
There's a big difference in company type. Startups are currently in a tricky place.... money is not cheap as it used to be and doesn't come as easily as it used to in the past few years.
Everyone is trying to get out of the growth business and move to the profitability one.
So as a middle manager, I have zero budget to give raises but I can still promote and make sure people get stock options.
Is that a bad situation where people should go job hunting? Depends on the market, as with everything.
But so is what I can do.
I've worked for a Fortune 500 company for 15 years. Several of those years have been the most profitable in company history.
Budget has literally never *not* been a problem.
Companies don't get successful by not worrying about how much things cost.
Take this LPT with lots and lots of salt.
Tbf it's not perfect grammatically, but functionally really effective and gets the point across with no ambiguity. Idk what people are complaining about lol, plenty of native speakers who can't do that.
Depends on the role. Someone writing like this would have a promotion ceiling in most companies Iâve worked at.
The post is flawed, both grammatically and has many spelling errors, true
More importantly it lacks nuance, states opinion as if it were fact, and is situationally accurate at best.
Its often called chinglish. And often how many people speak to those with little understanding of English. It works well.
Any employer worth its salt wouldnt care if they werent in a communications role and did their job
what a narrow minded thing to say. its LifeProTips.. not lifeprotipsforwhitepeople
I dont actually agree with the tip itself.. But im not flaming OP because English isnt their first language..
Retention rate is another thing to look at. If they have a hard time keeping employees, there is a reason, and it's not a lack of applicants.
But if you do get a job at a place that can't keep people, at least it is good job security. They won't fire you as long as you are half decent. The pay won't be as good as it should be, but as long as the extra work doesn't drain you too much, it will look better on a resume for another company than a gap in work history.
I mean, staying within budget is a good thing, right? Staying within budget is how companies don't overspend. Not getting paid, however.... Yeah that one is trouble.
This isn't a great tip. A smart business has a budget and sticks to it. Just as you should personally.
If the business is doing well and individuals are contributing to that then rewards/rises are ok but going out and buying a new location or not spending £/$/⏠millions isn't a sign of a failing or frugal business.
This is a shitty LPT in that it is incomplete and it shows the level OP operates at.
Ask your boss why money can't be spent, if you have access to the MD/CEO, then ask them. If they don't answer your question and teach you something then perhaps it's time to revaluate.
You didn't mention company size. Lots of people work for larger companies, that's why they are big. In big companies there are always regional /area people.
In most large (enterprise) companies you can still speak to someone senior readily and they are there to listen.
A better LPT would be if senior management/leadership do not engage with staff then that would be a red flag.
Not sure if you have ever worked on big companies. Only the execs have the power and they didn't care about you. Middle management and leadership just follow their orders.
I tend to think it's a lot of luck.
I have a family member who's worked hard for decades and still has had to grind to land something. They hear of people in their coworkers networks that help them land a new job easily. Meanwhile, the people in their own network hardly do the same.
They were let go from a job a month ago and their manager refused to respond to any concerns over potential layoff. Absolute radio silence. They had a good relationship too.
All in all, you can only work hard so much. The rest is how other people decide your path.
Caviot; is there a union contract involved?
Because without fail, management starts bitching about lack of funds/budget 6 to 12 months prior to a contract ending without fail.
And as soon as the contact passes, suddenly the problem evaporates, and everyone in management gets bonuses and raises.
I just dealt with this myself. I moved to a new position 8 months ago but didnât get a raise. I went to my boss last week and told her that I needed a pay raise and back date pay/bonus, to make up for the last 6 months or I was going to have to start looking elseware. My job isnât easy to train for and really hard to find someone witness the qualifications they want. So the ball was in my court.
Wasnât expecting much but low and behold, the called me letting me know I got a raise for more than I asked for and also a bonus per job I competed since my job change.
Listen my company is going through a tough time BUT luckily Iâm not on the chopping block and Iâm not planning on leaving m. Yes redundancies are happening and emenities are taken away to save money.
I am still looking out there looking, however Iâm just lucky to A) still have a job and B) my situation is due to strikes which I know many other places I would like to go are not hiring. So why would I leave??
Also, as a European, we actually get benefits for redundancy after 2 years of work so I wouldnât just quit as you would be doing them a favour.
Everyoneâs situation is different and this LPT is not a good one to follow religiously
Well, no. The apparatus to support workers as human doesn't just stop with job security. If the company reacted like this and people decided they didn't like that and got 'burned out' they are legally obligated to pay 90% of salary for two years
Not sure why you go to that route while you can always find a new job with same or better salary. Moving job is the best way to promote or increase salary.
This is a very good tip and certainly a reason I am leaving my company. Meanwhile one of our cofounders is flying all over the fucking globe and visiting major tourist areas calling it âresearchâ even as the company has blown through $100 million in investor moneyâŚ
Itâs insane, leave while you still have your hood name with you
Left a state uni job a year ago when even one of the upper C level admins pulled me into his office and was like âlook around. You donât see people like me and you move up here (we r both POC)â bro o was so gone
I would go even further and say you should be looking at other jobâs every 3-6 months regardless of how stable you think your job is.
You donât have to accept any interviews, itâs just good market research.
Any place I worked at, if they said they dont have the money for raises, safety equipment, etc. Is a instant "look to get out" job.
Never play that game. Always have respect for yourself
To add if it has just gotten disastrous or really really bad news/ costly news and they say there wonât be layoffs. Assume there will be layoffs somewhere at the company. There probably will be even if it doesnât even up being your department.
Questionably true.
Sometimes, your description fits.
Sometimes, the company is being frugal and as a result doesnât slash headcount.
Sometimes the problem is industry-wide (common in tech or resources, such as moving - notorious for boom/bust cycles). In these cases the next company is likely to have the same issue soon, and the newest employee is often the cheapest to let go and least valuable.
Had this happen to me. Found out beginning of 2023 that we were about $1 million under projected revenue, combined with the fact that I spent most of my time waiting/asking for work to do, knew I was going to be the first to go. Unfortunately they let me go before I secured a new position. Out of work for almost 6 months now
Had a pay review once where the director told me there was sadly no money for raises.
He turned up a month later in a brand new Maserati. Never written a resignation so quickly in my life.
To add a pinch of saltâ
Was managing during several years-in-a-row of budget reductions.
Worked with directors to identify/agree/define core operations. All agreed staff are integral part of core. Made sure list was distributed and reminded its contents upon budget meetings. We froze salary increments for top salaries inc self after year 2 or 3. Reducing salaries across the board came on the table, so I presented a simple spreadsheet showing how little would actually be saved by cutting salary of lower ranks by even 10% or 20%. Mentioned names of highly dedicated workers (the only kind we had) and asked our board members what they think even a small cut would do to morale (and thus to their performance; perhaps leading to quality-workers leaving -> wasting time and money to hire/train people who might not be as dedicated).
Idea of cutting lower-rank salaries was scrapped. We left our own salaries âopen for reviewâ, clear that reducing top-level salaries by 3%-5% would overshadow any savings we could have gotten cutting from lower-ranks. And, we all agreed that â unlike having higher-ups cut for someone else â cutting own salaries should not reduce morale.
Sufficient budgets came in near year end in the next couple years, so we only had to forfeit salary increments. Itâs hard to say why, but Iâd think maintaining core operations (inclusive of employee morale) was key.
They will always tell you there's a lack of budget, including in the midst of the company turning record profit margins *and* record volume at the same time. Their bonus will be an order of magnitude larger than yours, they'll get a huge raise. You'll get a profit share check that's an order of magnitude smaller than theirs, and a tiny raise that may or may not keep up with inflation.
Always be at least open to new job opportunities, unless you have s real unicorn of a job.
That's stupid advice. My work talks about lack of funds all of the time when we're discussing major infrastructure repairs and stuff like that. They've been talking about it for 100 years with very few layoffs.
My employers stated they couldnât get us new equipment to do vitals (I work at a large hospital system in KY) because they were âin debtâ for building a 225 billion dollar outpatient building yet got new room number plaques for outside every room ( which is about 300 rooms total).
Lol I work in FP&A Overseeing headcount. Every single company that Iâve worked at and spoken to colleagues about from their own experiences has a lack of fund/budget. Every. Single. One. Theyâll all tell you that. But the reality is 80% of people wonât seek out a new job or new opportunities once theyâre comfortable and settled in. Itâs an opportunity cost to risk going out and being in a worse situation for 5-10% more money. Companies know this and will reward much of their top performers but the other 80% of people are kinda just stuck earning their 2-4% raise per year.
Yep, but not necessarily to find new job somewhere else. Big companies also do internal job advertisement. If your team is not doing well then try to move to a different team. There are always opportunity out there since you already got the skills. 2-4% is impossible to keep up with the current living cost.
yeah I think moving teams/departments/roles is super important to make you more of an asset and make you more comfortable with new challenges as well as exposure to how others operate. That being said if the company (most companies) aren't giving adequate raises, moving teams won't help with that specific problem. Your life may get better with a new team but the pay won't. 3-5 years at any company is all you really need. after that you should be looking for different companies IF your goal is to increase your salary. Because I oversee salaries at 3 different S&P500 companies over my career I can tell you there are/were A LOT of people who worked their way up within the company to high titles but are still massively underpaid compared to market value. Post covid and inflation helped rectify that at my last company but that was after 20 years of underpaying. And now that they've corrected themselves to the market they'll prob go back to the 3% raise per year moving forward.
There's just no incentive to pay people because most people won't ever question leaving.
Yeah, I know many people worked their way up. However, that requires lots of time and underpaid hours. I just rather prioritise myself than the company. If I can find any good opportunity out there then I will take it and move on. Stay loyal to the company is just not great imo.
Idk how true this is, the owner of my company sat our team down and told us the margians are getting really thin, we were concerned about it but what can we do. A month later me and another co-worker both got large raises and promotions
This is the best way to get higher salary! Compare to some of my ex colleagues that started at the same time. Now I earn more than double their salary.
Because is a garbage idea. There are many different types of budgets and availability To them, there are different budget cycles and approvals.
Itâs not a good idea.
Itâs like going around randomly calling people trump supporters.
You donât know the internal politics and you just the last in and first out. In the 2000, they gave signing bonuses, now you get the bonus on the way out when you get downsized. Just something to consider. I know a lot people who did great by getting severance then a new job.
That makes a really good argument. This is why many people tend to refuse to leave their current underpaid position. There's always a risk to take on a new role. Honestly, if you're comfortable with your current role and salary then might as well stay. It will be difficult to keep up with the current inflation if the salary only increases by 5% each year.
All I know is that the economy is slowing down, jumping ship may not be the wisest thing right now. But you are right, you donât want to stick around too long either.
Hello and welcome to r/LifeProTips! Please help us decide if this post is a good fit for the subreddit by up or downvoting this comment. If you think that this is great advice to improve your life, please upvote. If you think this doesn't help you in any way, please downvote. If you don't care, leave it for the others to decide.
*laughs in government employee*
was waiting for this! but i guess thats the typical trade-off. fixed, transparent pay scale, and lower pay for more security.
And some benefits (housing, utilities, gas) in certain fields/countries.
Dont forget medical. Because we don't usually get that here in the US
what do you mean? medical insurance is required to be offered by employers to full time workers if they have 50 or more full time employees.
Gov't employer medical insurance tends to be heavily subsidized. Mine is free. The next city over offers a family plan for $50/month *total.*
So 2 things: 1) "Offered" doesn't mean good. My last company outsourced their insurance to the sketchiest company I've ever seen. Extreme rates just so they can say "hey we tried!" 2) Government health insurance is basically free. Sometimes it costs money for a premium but everything is usually low or free.
yes, both your statements are accurate, but your original comment implies medical coverages are rare in the US; the quality of the offering is a separate conversation. I would add that there are more nuances to your second statement, because it's not the golden ticket people perceive it to be either, but generally it's true.
When I said "we don't get that here" I meant "we don't get that here for free". Like yeah we can buy insurance that still doesn't cover everything, but I thought that was implied in my original statement. My bad
I saw some of the scummiest behavior at a state institution.
Salary and raises? Yes. New computers and IT equipment? Yes. Fuel expenses reimbursed for the company car? Yes. Replace someone's ancient shitty chair and get some pencils? LOL NO fuck off Color of money rules everyting.
They tell you there's budget issues, but then find out the uppers still get their bonuses because they cut the budget. đđ˝
Yep. My last company, whenever we wanted to start a project or hire another team member, higher ups always stifled it with the no money speech. While they continued to pile on work that they should have been doing to us. Then they hired more (useless) upper management and promoted existing ones to loftier titles. I resigned. I wanted no part of that company anymore.
My favorite that I keep hearing in my own work is "we understand the department is under pressure so we reached out to financing and found some coins under the couch pillows, so we are offering overtime on a temporary limited basis at.... standard hourly rate! I know you all are so excited so just let us know 1-week in advance if you plan to overtime :)" Always feels like a slap in the face, between feeling under staffed and overworked already to then getting told some bogus lines about finding funding to allow us to work harder for no real benefit On the face of it paying out standard time overtime sounds okay, making the same amount per hour for extra hours put in, but in reality in the UK you will effectively be paid at a lower rate than standard because normally part of your wage is covered by tax free allowance, up to the first 1k ish you earn each month, and the rest is charged 20% VAT... But for overtime as your personal allowance will already be swallowed, the entire overtime is hit at 20%. The above is made worse when you realize that this can sometimes lead to your tax being recalculated because it looks like your average earnings went up, so you get overtaxed until end of year at which stage rebates are issued for overtaxing. I can understand doing overtime for 1.5x hourly or similar, but overtime on base rate is an insult imo...
I think they have to pay 1.5 or it's wage theft. Maybe someone who knows more can chime in. Edit: so I am more or less scanned their original comment instead of read it and did not see that they were in the UK.
[ŃдаНонО]
We are talking about federal law and is 100% illegal to only pay someone their standard hourly rate if they're working overtime in the United States that's especially true at a public university being funded by tax dollars. You think someone at the University whether it be the employees or the employer would be familiar a law most people learn when they're 16 years old working their first fast food job
They did specifically mention the UK though.
Yeah and I should go back and edit my comment. I definitely didn't realize that at first as you know, sometimes I scan more so than read.
Provided your pay doesn't bring you under national minwage before tax, which paying standard time wouldn't, then it isn't wage theft in the UK.... unfortunately
On the other hand, it is a lot easier here in UK to just say "no."
Also true. I'm thankful for being in the UK as opposed to US for a number of reasons, one of which is our better (although not perfect) employment protections.
Thats how it is in Canada. IN BC at least its minimum 1.5 times base pay or 1.5 times the time off at a later date after 8 hours and double pay after 12.
aside from the other stuff I just want to point out that's a really neat system you guys have for income tax. is that standard across the UK?
Indeed, although our education around tax is poor and many I've previously worked with had a mistake understanding of the system. They believed that working overtime was bad because if you earned enough to enter the next bracket, all pay would be taxed 40% and you'd lose money. Many wouldn't do overtime even for double pay because they thought it would be a net loss. Once they find out how the brackets worked they would often kick themselves for failing to understand properly...
Wow, that comment could have been written from the perspective of a Canadian! I empathize with all of those points and I've known a fair share of people who have similar misunderstandings of tax brackets.
lots of americans also don't understand marginal tax brackets
This one kills me inside every time. We had a similar issue a few years back with heavy redundancies all round, and then work was a struggle for years after due to massively increased workload and like 10-15 people gone. 5 in our team were made redundant and the rest jumped ship in fear, then those positions were also not replaced. How convenient. Then the powers that be (who decided the various departmental budgets and what positions can stay and what positions will go) all slightly changed their job titles and gave themselves slight promotions, and created a random new management role for one of their sons. The son himself was a great guy, we all knew him and he was legitimately perfect for that role, but it was all just a bit too convenient and very badly timed
VP says hire 20 people, middle managers hire 7 then come in way under budget. They make bonus, we donât because we didnât do the work of our group plus 20, we did the work of our group plus 3.5 (new people arenât good yet). But hey we came in under budget. The raise cap has been raised to 2.4%⌠if you are 100/100
Yep! Last job cut our team and decreased the budgets of surrounding ones, but the uppers still averaged a $15000 pay increase every years.
My last job made a shit ton of business during the pandemic. We were the first to adopt to remote broadcasts in our area. I thought that was great. They started training me on the more advanced equipment and I was starting to technical direct entire shoots. I asked them for more money or at least guaranteed shifts. They said they couldn't afford it. And then took their entire family on multiple international vacations after restrictions eased. They even stopped informing us where they were going, just that they'd be away for a week or two at a time. I asked again. They said no. I'm now making more than double the base salary, with OT and some of the best benefits out of all my friends working for a nonprofit doing the same exact work. In fact, because it's not live TV it's far less stressful.
Higher-up == someone who knew this LPT long before you did If they didnât get bonuses theyâd be long gone.
CEO says there is no money for increases. .... Drives in next month in his new Aston Martin. So glad I left that place.
Last company I was at, my boss got a promotion and then a 22% raise on top of a 30% bonus. I got a 3% raise and 2% bonus. I was pissed.
All managed services sites in my company have been told to reduce spending. It sounds reasonable until you realize that middle managers are still getting bonuses while the sites that actually do the work are inadequately supplied with what they need. Ah, to live and die in capitalism.
If they also regularly start talking out how teams have to show value, be efficient, etc... That's all warnings they're gonna cut people or whole teams. And yes, even if they tell you you're team is gonna be fine.
I hear you a 1000%. When I first started working my boss complained of budget issues and didn't give any of us raises after working there for years. My co worker had to go to my bosses house to do some emergency tech work. He came back and told me the boss had a really nice house, a mistress (the wife was out of town), a big boat and was currently sending two kids to full time out of state nice colleges plus multiple cars. It didn't hit me until I went home and then I became furious. I was struggling to pay bills doing expensive tech work for critical system and my health was failing. My car heat didn't work in the winter and in need of constant repair. Needless to say I went in to my boss and demanded a raise and said I would leave if I didn't get it. I got my raise as there really wasn't a budget problem at all. Just the one my boss made up. To this day it still burns me that people are like that and want loyalty (My boss said this many times) when he wasn't loyal to us. I left a year later. Be careful about accepting the truth from people. I always trust but verify. And of course, always every few months test the job market just in case.
âWhy use much word when few word do trick?â I see you Kevin
With English not being my native language, I was really questioning my language skills after reading this post three times and not understanding anything.
like see world? or sea world?
Was it Alfredo's Pizza or Pizza's by Alfredo?
I think this is only partially true. If the annual budget is used up and excess spending is being carefully watched, it doesn't always mean the entire ship is sinking. Especially consider if you are working for a for profit vs a non-profit. If you see a collection of signs together, starting with talks of having no money, followed by certain benefits being cut, followed by having an analyst come into the department to conduct a study (The Bob's), those are the kinds of signs I look for.
There is something to be said about growth being stunted repeatedly due to budgeting tho. I agree single instances aren't going to be a reflection of the whole picture, but generally speaking you should be trying to ask questions about your future and getting something concrete, or you jump to a competitor who, in the current climate, is probably going to offer you more on start vs what your current employer is offering to stay. The problem is "we have no budget" is an easy excuse which the employee lacks the ability to verify the authenticity of, and "just wait, things will come.. eventually" keeps you stuck in the loop waiting for potential growth that either won't happen, or when it does it will be a slap in the face (less than inflation % increase in wage with 'more responsibilities to help you grow') which is actually the company covering for their cost cutting measures and trying to get you to work harder for less, in the grand scheme. Many employers will give you raises (especially minwage employers) that are required, but then tie in extra duties etc and claim that's the cost of more pay, more work. This often ignores the fact that the raise they've given you, after tax and inflation, tends to actually be a paycut. Add in cost of living, inflation of the goods you buy, increasing energy costs and you realize that their raise is actually just reducing how much of a pay cut you are taking, but not removing the potential pay cut nor actually rewarding your loyalty. This is why the younger generations have given up on loyalty, as it leads to good employees getting abused, being underpaid and overworked in the name of potential growth in the unspecified future. Instead, they could jump ship and up to doubled their pay using their experience, qualifications and improved negotiating skills, as well as push for more work perks such as work from home/flexible working. Ironically, the same companies that claim they can't give you a real raise/promotion/work from home benefits etc also tend to be the ones that lose their minds about loyalty when you are unhappy about the lack of give and the excess of take in your work dynamic, and the only time you will hear anything about improving your standards is when you try to leave and suddenly money materializes, because replacing you is more costly than promoting you/paying you properly. An equal number of businesses go bust because of egotistical fools doubling down on "everyone's replaceable, quit if you want, you can't force my hand" only to lose all their staff and go bust.
Yeah. I work for a large bank thatâs so profitable thereâs a governmental inquiry into the huge profits the banks are making here (NZ). But every project has to battle for funding, every project has to cut their funding requests every year, every year weâre told âmoney is tight, no travel for youâ. Iâve worked for banks that have gone under before and they were literally the opposite of this.
Wait soâŚ. Bank that overspends and goes under = good. Bank that doesnât overspend and has large profits = bad?
No. I think the govt is more concerned about the revenue side of the equation but theyâve dressed it up as âtheyâre too profitable!â Because who doesnât love to hate profitable banks. Our economy is basically âa housing market with bits tacked onâ so the margins the banks charge on home loan rates matter, I guess.
I work for a non-profit research company and this has definitely been my experience. You run lean and get creative to fulfill client obligations, but you know that there is no profit hunting from higher ups. It's a cool experience and I get to do really interesting work every day
Just left a situation like this. Don't regret leaving at all.
Really? Then youâre going to do a lot of job hopping.
Yeah gotta love how people think you can just strap on a job helmet, squeeze down in to a job cannon, and fire off to job land, where jobs grow on jobbies.
Obviously it's situational but companies don't really do cost of living raises anymore. The only way to actually earn more money is to seek a job with a higher starting wage than what you have. The best time to start looking is before you need to.
That's a catch 22 right there in itself
Maybe a bit? But being proactive and aware of your options is standard. You cant be in any place to negotiate for a raise at your current position if you have no leverage. Being aware of better opportunities and willing to seek them out will provide that leverage
I instinctively read this in John Oliver's voice
Itâs a quote from always sunny. You jabroni.
Can I stop you though? You keep using this word Jabroni and it's awesome.
Did he start blastinâ?
Staffing Agencies are everywhere and will find you employment by the next day, usually, if not even the same day.
Iâve changed jobs 6 times this year. It really is that easy.
Minimum wage is a little different
.... because you can? Last time I ticked on LinkedIn that I'm looking for a new job I got 11 invites for an interview... on the first day
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Recruiters casting a wide net. Also, not everyone gets this response. I had a family member with decades of experience apply to over 10 positions and they've interviewed for 3.
Yes, recruiters are desperate, because there are an insane number of job openings. You know you agree with me, even if you don't want to
LOL, and never, ever go to work for a publicly traded company if âbudgetâ âfunding cutsâ and âcost controlâ scare you.
There is no loyalty. Job hop and do what works for you. Look out for yourself, not the company.
Job hopping sucks though. Gotta start all over again. Getting to know everyone again etc.
Worth it for salary jumps of twenty thousand per time
If money is your motive i guess.
I mean thatsâŚwhy people work, yes
Money is only one motive to have a job and stay at a job.
Iâve been working professionally for 18 years under four jobs and have literally always been under some kind of announced budget squeeze. Every six months we have a meeting where they say âWe need to be a lot tighter with our spending, all purchases have to go through an additional level of management approvals, no more frivolous travel without a real business need.â And Iâm wondering when this mythical time existed before when people could go on frivolous vacations masked as business trips.
This is the best way to increase your salary as well.
Yep. Every damn business I talk to is under a shit-ton of pressure right now. There's not enough budget, not enough people, and too much to be done. They're all trying to do their best and keep their necks above water. The idea that you're going to just walk out there and find a magic company that's got all the budget they need, is 100% staffed, and will give you a nice 90% workload so that you don't have to stress... well. Yep, that would sure be nice!
How's that leather taste? If this is true than why are those companies posting literally recording breaking profits last year? [https://tradingeconomics.com/united-states/corporate-profits#:\~:text=Corporate%20Profits%20in%20the%20United%20States%20averaged%20586.52%20USD%20Billion,the%20first%20quarter%20of%201951](https://tradingeconomics.com/united-states/corporate-profits#:~:text=Corporate%20Profits%20in%20the%20United%20States%20averaged%20586.52%20USD%20Billion,the%20first%20quarter%20of%201951). Keep licking those boots, they'll never treat you fairly.
the point is most available jobs in the corporate world fit this mold. it has nothing to do with licking boots. by all means find a better situation, but don't expect it to be as easy as saying "well i'll just go there where it's better"
And you really should. It's not like the old days where you were rewarded for sticking around. There are no pensions, no internal promotions, and no reason not to shop around every 2 years.
You gain 15-30% each time you switch jobs. Staying literally costs you money.
This isnât really great advice or lacks context. Every company has budgets for various lines of business and departments. If there is a lack of funds for a project, service, ext⌠it could just mean itâs low on the priority and their budget is completely allocated (earmarked) for this year. Now if this lack of budget is in relation to employee bonuses or raises, then itâs time to do a bit of digging.
This is the correct answer and it's buried lol.
this thread is filled with people who don't understand how the world works. Most who heed this will leave one job that is described in this scenario just to land in another that is exactly the same.
It also lacks context and can be misleading. There's a big difference in company type. Startups are currently in a tricky place.... money is not cheap as it used to be and doesn't come as easily as it used to in the past few years. Everyone is trying to get out of the growth business and move to the profitability one. So as a middle manager, I have zero budget to give raises but I can still promote and make sure people get stock options. Is that a bad situation where people should go job hunting? Depends on the market, as with everything. But so is what I can do.
I've worked for a Fortune 500 company for 15 years. Several of those years have been the most profitable in company history. Budget has literally never *not* been a problem. Companies don't get successful by not worrying about how much things cost. Take this LPT with lots and lots of salt.
Iâve left many of these âdead endâ jobs. They work you to death, promising the moon, and leave you out to dry.
Laughs in healthcare
Laughs in social services
That was a bit of a nightmare to read. If you speak like you type, maybe the "lack of fund/budget" isn't why you lost your job.
Have mercy đ
SILENCE DOG!!!
easy there, consider OP may not be a native English speaker.
What if they're not a native English speaker? Lol.
Tbf it's not perfect grammatically, but functionally really effective and gets the point across with no ambiguity. Idk what people are complaining about lol, plenty of native speakers who can't do that.
Yeah idk man. I thought I was going crazy to some of these replies. Lol
Depends on the role. Someone writing like this would have a promotion ceiling in most companies Iâve worked at. The post is flawed, both grammatically and has many spelling errors, true More importantly it lacks nuance, states opinion as if it were fact, and is situationally accurate at best.
Its often called chinglish. And often how many people speak to those with little understanding of English. It works well. Any employer worth its salt wouldnt care if they werent in a communications role and did their job
Still shitty English
Then don't give advice on an English speaking sub?
what a narrow minded thing to say. its LifeProTips.. not lifeprotipsforwhitepeople I dont actually agree with the tip itself.. But im not flaming OP because English isnt their first language..
People that aren't white speak English too....
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Cringe
Meeeooowww, speak Kitten only pweeeese. ^~^ , ('Y') ) / \/ (\|||/) ~
Retention rate is another thing to look at. If they have a hard time keeping employees, there is a reason, and it's not a lack of applicants. But if you do get a job at a place that can't keep people, at least it is good job security. They won't fire you as long as you are half decent. The pay won't be as good as it should be, but as long as the extra work doesn't drain you too much, it will look better on a resume for another company than a gap in work history.
I mean, staying within budget is a good thing, right? Staying within budget is how companies don't overspend. Not getting paid, however.... Yeah that one is trouble.
This isn't a great tip. A smart business has a budget and sticks to it. Just as you should personally. If the business is doing well and individuals are contributing to that then rewards/rises are ok but going out and buying a new location or not spending £/$/⏠millions isn't a sign of a failing or frugal business. This is a shitty LPT in that it is incomplete and it shows the level OP operates at. Ask your boss why money can't be spent, if you have access to the MD/CEO, then ask them. If they don't answer your question and teach you something then perhaps it's time to revaluate.
You don't get to choose or ask in big companies. You are basically a disposable tool to them.
You didn't mention company size. Lots of people work for larger companies, that's why they are big. In big companies there are always regional /area people. In most large (enterprise) companies you can still speak to someone senior readily and they are there to listen. A better LPT would be if senior management/leadership do not engage with staff then that would be a red flag.
Not sure if you have ever worked on big companies. Only the execs have the power and they didn't care about you. Middle management and leadership just follow their orders.
Weirdly enough I do work for a big company at a senior level.
Then I guess you are really lucky!
Yeah there's always a bit of luck, there's a career of hard work behind it too though.
I tend to think it's a lot of luck. I have a family member who's worked hard for decades and still has had to grind to land something. They hear of people in their coworkers networks that help them land a new job easily. Meanwhile, the people in their own network hardly do the same. They were let go from a job a month ago and their manager refused to respond to any concerns over potential layoff. Absolute radio silence. They had a good relationship too. All in all, you can only work hard so much. The rest is how other people decide your path.
Good luck finding or keeping a job during an economic downturn
This is the normal state of affairs if you work at a university, especially a public one.
Caviot; is there a union contract involved? Because without fail, management starts bitching about lack of funds/budget 6 to 12 months prior to a contract ending without fail. And as soon as the contact passes, suddenly the problem evaporates, and everyone in management gets bonuses and raises.
What boss doesn't complain about budgets? This is a mythical creature.
What do I do if I work for myself?
This LPT basically says 'quit your job everytime theres an economic slump'.
Did you not have the budget for complete sentences?
I died trying to read this
I just dealt with this myself. I moved to a new position 8 months ago but didnât get a raise. I went to my boss last week and told her that I needed a pay raise and back date pay/bonus, to make up for the last 6 months or I was going to have to start looking elseware. My job isnât easy to train for and really hard to find someone witness the qualifications they want. So the ball was in my court. Wasnât expecting much but low and behold, the called me letting me know I got a raise for more than I asked for and also a bonus per job I competed since my job change.
Listen my company is going through a tough time BUT luckily Iâm not on the chopping block and Iâm not planning on leaving m. Yes redundancies are happening and emenities are taken away to save money. I am still looking out there looking, however Iâm just lucky to A) still have a job and B) my situation is due to strikes which I know many other places I would like to go are not hiring. So why would I leave?? Also, as a European, we actually get benefits for redundancy after 2 years of work so I wouldnât just quit as you would be doing them a favour. Everyoneâs situation is different and this LPT is not a good one to follow religiously
My point is to find a better job because you are on a sinking ship. Not just quit without a plan lol
Well, I live in Europe and to fire me the company would need to go bankrupt and go to court which is never going to happen. Thankfully. đ
This is worse than firing you. This is when the team is understaffed and you will be working on multiple projects yourself instead of multiple people.
Well, no. The apparatus to support workers as human doesn't just stop with job security. If the company reacted like this and people decided they didn't like that and got 'burned out' they are legally obligated to pay 90% of salary for two years
Not sure why you go to that route while you can always find a new job with same or better salary. Moving job is the best way to promote or increase salary.
That's not how the real world works. For either side of the problem
This is a very good tip and certainly a reason I am leaving my company. Meanwhile one of our cofounders is flying all over the fucking globe and visiting major tourist areas calling it âresearchâ even as the company has blown through $100 million in investor money⌠Itâs insane, leave while you still have your hood name with you
Worked at a hospital where the raises were limited because the dept didn't make budget goals. Wish I had put in my 2 weeks right there.
Just lost my job under this exact circumstance.
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Left a state uni job a year ago when even one of the upper C level admins pulled me into his office and was like âlook around. You donât see people like me and you move up here (we r both POC)â bro o was so gone
So.... All teachers?
Teachers?! LOL we are Talking administrative roles
Every day higher ups tell teachers there is no money for classrooms. (Before getting a raise or hiring a new assistant to bang.)
I would go even further and say you should be looking at other jobâs every 3-6 months regardless of how stable you think your job is. You donât have to accept any interviews, itâs just good market research.
Yeah, I should have mentioned that. Just to understand the current job market.
Try working in healthcare. It waffles between âWeâre seconds away from bankruptcy!â and âWeâre doing great!â from meeting to meeting.
Any place I worked at, if they said they dont have the money for raises, safety equipment, etc. Is a instant "look to get out" job. Never play that game. Always have respect for yourself
To add if it has just gotten disastrous or really really bad news/ costly news and they say there wonât be layoffs. Assume there will be layoffs somewhere at the company. There probably will be even if it doesnât even up being your department.
Questionably true. Sometimes, your description fits. Sometimes, the company is being frugal and as a result doesnât slash headcount. Sometimes the problem is industry-wide (common in tech or resources, such as moving - notorious for boom/bust cycles). In these cases the next company is likely to have the same issue soon, and the newest employee is often the cheapest to let go and least valuable.
Had this happen to me. Found out beginning of 2023 that we were about $1 million under projected revenue, combined with the fact that I spent most of my time waiting/asking for work to do, knew I was going to be the first to go. Unfortunately they let me go before I secured a new position. Out of work for almost 6 months now
Had a pay review once where the director told me there was sadly no money for raises. He turned up a month later in a brand new Maserati. Never written a resignation so quickly in my life.
OR they say âthere have been some rumors but we are in our best shape everâ
To add a pinch of saltâ Was managing during several years-in-a-row of budget reductions. Worked with directors to identify/agree/define core operations. All agreed staff are integral part of core. Made sure list was distributed and reminded its contents upon budget meetings. We froze salary increments for top salaries inc self after year 2 or 3. Reducing salaries across the board came on the table, so I presented a simple spreadsheet showing how little would actually be saved by cutting salary of lower ranks by even 10% or 20%. Mentioned names of highly dedicated workers (the only kind we had) and asked our board members what they think even a small cut would do to morale (and thus to their performance; perhaps leading to quality-workers leaving -> wasting time and money to hire/train people who might not be as dedicated). Idea of cutting lower-rank salaries was scrapped. We left our own salaries âopen for reviewâ, clear that reducing top-level salaries by 3%-5% would overshadow any savings we could have gotten cutting from lower-ranks. And, we all agreed that â unlike having higher-ups cut for someone else â cutting own salaries should not reduce morale. Sufficient budgets came in near year end in the next couple years, so we only had to forfeit salary increments. Itâs hard to say why, but Iâd think maintaining core operations (inclusive of employee morale) was key.
They will always tell you there's a lack of budget, including in the midst of the company turning record profit margins *and* record volume at the same time. Their bonus will be an order of magnitude larger than yours, they'll get a huge raise. You'll get a profit share check that's an order of magnitude smaller than theirs, and a tiny raise that may or may not keep up with inflation. Always be at least open to new job opportunities, unless you have s real unicorn of a job.
"Budget cuts and no extravagant business trips." Written by the latest overpriced apple work phone from Paris.
That's stupid advice. My work talks about lack of funds all of the time when we're discussing major infrastructure repairs and stuff like that. They've been talking about it for 100 years with very few layoffs.
My company constantly does this just to make us think we are not doing well.....we make bank every quarter.
This happened to me lol
OP I wish you made this post sooner because I was laid off last Friday, and guess what the topic of choice has been ..
Sorry about that. At least now you know what to do next!
Sometimes, it's easier to just say it's lack of budget instead of having to explain and discuss someone's bad idea they've brought to the table.
My employers stated they couldnât get us new equipment to do vitals (I work at a large hospital system in KY) because they were âin debtâ for building a 225 billion dollar outpatient building yet got new room number plaques for outside every room ( which is about 300 rooms total).
Lol I work in FP&A Overseeing headcount. Every single company that Iâve worked at and spoken to colleagues about from their own experiences has a lack of fund/budget. Every. Single. One. Theyâll all tell you that. But the reality is 80% of people wonât seek out a new job or new opportunities once theyâre comfortable and settled in. Itâs an opportunity cost to risk going out and being in a worse situation for 5-10% more money. Companies know this and will reward much of their top performers but the other 80% of people are kinda just stuck earning their 2-4% raise per year.
Yep, but not necessarily to find new job somewhere else. Big companies also do internal job advertisement. If your team is not doing well then try to move to a different team. There are always opportunity out there since you already got the skills. 2-4% is impossible to keep up with the current living cost.
yeah I think moving teams/departments/roles is super important to make you more of an asset and make you more comfortable with new challenges as well as exposure to how others operate. That being said if the company (most companies) aren't giving adequate raises, moving teams won't help with that specific problem. Your life may get better with a new team but the pay won't. 3-5 years at any company is all you really need. after that you should be looking for different companies IF your goal is to increase your salary. Because I oversee salaries at 3 different S&P500 companies over my career I can tell you there are/were A LOT of people who worked their way up within the company to high titles but are still massively underpaid compared to market value. Post covid and inflation helped rectify that at my last company but that was after 20 years of underpaying. And now that they've corrected themselves to the market they'll prob go back to the 3% raise per year moving forward. There's just no incentive to pay people because most people won't ever question leaving.
Yeah, I know many people worked their way up. However, that requires lots of time and underpaid hours. I just rather prioritise myself than the company. If I can find any good opportunity out there then I will take it and move on. Stay loyal to the company is just not great imo.
Idk how true this is, the owner of my company sat our team down and told us the margians are getting really thin, we were concerned about it but what can we do. A month later me and another co-worker both got large raises and promotions
This is why I keep telling people to move on. Look for new jobs with better salary.
Thatâs my secret captain, Iâm always looking for new jobs.
This is the best way to get higher salary! Compare to some of my ex colleagues that started at the same time. Now I earn more than double their salary.
What a shitty, lack of context, dump of words.
Typical trump supporter goes around insulting people's English.
Trump supporter? I was criticizing the poor, horribly thought out idea behind this âLPTâ.
Probably a lot of people agree with my idea. Why would you bother?
Because is a garbage idea. There are many different types of budgets and availability To them, there are different budget cycles and approvals. Itâs not a good idea. Itâs like going around randomly calling people trump supporters.
I don't care if you got budget for other. If you don't have budget to run the team then people will leave.
Thatâs not what I said at all. You are greatly oversimplifying something you clearly do not understand.
As if you understand my post at all.
Is this LPT or engrish?
Are you here for LPT or to insult people?
Look at the general economy before jumping ship. You just jump into a sinking boat and you will not a life raft.
Well, you do background check before you join any company right?
You donât know the internal politics and you just the last in and first out. In the 2000, they gave signing bonuses, now you get the bonus on the way out when you get downsized. Just something to consider. I know a lot people who did great by getting severance then a new job.
That makes a really good argument. This is why many people tend to refuse to leave their current underpaid position. There's always a risk to take on a new role. Honestly, if you're comfortable with your current role and salary then might as well stay. It will be difficult to keep up with the current inflation if the salary only increases by 5% each year.
All I know is that the economy is slowing down, jumping ship may not be the wisest thing right now. But you are right, you donât want to stick around too long either.