Background: I've been with my current employer for 2.5 years, and my salary is pretty much within the range I would expect of my skill level (I could get higher, but my current employer has great culture and benefits that I value as well).
So far, around the start of every calendar year, we'd have yearly performance reviews, which would determine the rate of our pay raise for the year.
so far, I was rated as a top performer, and was eligible for the top-tier of raises (around 5%-7%).
We also usually have yearly bonuses, which are based on company performance and tenure at the company.
(also, I'm in Europe, if that makes any difference.)
So yesterday I had a meeting with my boss, and asked him "what can I do to make sure I get the maximum raise this year?", and his answer was "we're actually changing how we do pay raises this year. Since we noticed in previous years that everyone is getting around the same raise (around 3%-5%), the finance department decided to just go ahead and award everyone the same rate of raise, which would probably be around that mark".
He also said that exceptions will only be made for employees who are earning significantly below market rate. I asked how market rate was determined, and he said it's basically just some industry average.
He said that this change isn't finalized yet, and is being worked on by our department manager.
I asked how they were planning to reward performance in this case, and he said that this is still unclear, with one option being non-monetary benefits (worth several 100's $, nothing significant).
I'm not happy about this prospect at all, as it would mean a smaller raise for me.
I was wondering what would you suggest to do next? I've a feeling that time is of the essence, since once this is finalized and announced officially it would be much harder to change.
Some more info about my personal circumstances:
1. I'm currently not interested to quit, because of personal reasons
2. Before those personal reasons emerged I was thinking of leaving, and actually got two offers, one for 5% more than I'm currently making (for the same role), and one for 10% more (for a more senior role)
Submitted January 10, 2019 at 06:01AM by 9911throwaway1199 http://bit.ly/2FkNYgS
