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Personal Finance (Not Investing) • Help me advise my wife with job issue

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My wife works in the architecture/design field. She has worked for small firms, think 5-10 people, and large firms 50-100 people. She currently works for a large firm.

One thing I have found in common with all of the companies she's worked at, whether big or small, is that all of them have performance reviews and none of them ever tie performance reviews to compensation increases. In fact, I can only recall my wife ever getting one raise at any company she's ever worked at -- a 6% raise after I encouraged her to push for one. It took 6 months to materialize. Every 2-3 years she ends up leaving her currently employer and getting a job elsewhere for more comp. This is all incredibly bizarre to me as every company I've ever worked for directly ties compensation increases to performance reviews.

Well, we're here again. She started at her current company in November 2023. When she initially took the job she asked for $X and they countered with $X - $5000 but a promise to revisit it in 6 months. Lo and behold in June 2024 she was to have a "performance review". Of course, there was a review which my wife told me was positive and no talk of compensation. My wife is a bit passive and didn't ask.

I have now been encouraging her to find out how compensation increases work at her company, thinking maybe raises come at year end. Well, no. The time for raises is during that June review and, at least according to her coworkers, there's no metric for who or why someone does or doesn't get a raise. And to compound it, my wife will be on maternity leave next June so there won't be a review at all.

What would you suggest she do? I told her go ask your boss for a raise as it's been over a year and you were promised a salary review at 6 months. And then what? Is she supposed to push the issue on compensation increases every year? She doesn't have any desire to advance, but without any COLA it just seems like she's always going backwards unless she jumps ship.

Statistics: Posted by HooCares — Thu Dec 19, 2024 11:28 am — Replies 1 — Views 73



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