Say Goodbye to the Annual Pay Raise

MSN Money ^ | June 26, 2016 | Bloomberg Staff

[minnesota_bound]

#7 The company I am at, they hired a new manager about 4 years ago. In about 2.5 years he fired 9 people. 8 were people he hired. Total so far who have left one way has been 18 with several cited the manager as the reason.

[ro_dreaming]

Is it possible for an employee to be 10% more effective yearly? For how long, 3 years? 10 years? It’s the same as interest, really.

I have been employed at the same place for almost 11 years. I have never had a bad review. I have never been written up. My reviwe should be based annually on a standard, and not based on my previous review, otherwise at some point I will never meet expectations, as they will be exponentially higher for me than everyone else in the same job.

[virgil]

It’s becoming increasingly Darwinian in corporations. The top performers are retained and lower performers are culled. They’re always laying off. They’re laying off perfectly good employees.

[grey_whiskers]

Actually, this is not true. SJWs and members of the "management fad of the day" group are courted and retained; I have had managers tell me to my face that in management workshops, they play out scenarios in which they are to reduce headcount, and the advice given via HR is ALWAYS the same: fire the white male, they can't sue.

And then there are the old standby's of the boss's protege / yes-man / current fling (this to be any combination of sexes / genders / orientations,depending on the individuals involved, and their personal taste, or lack of it. "I don't know what ze sees in xhir" or whatever...

Not to mention the proliferation of telephone sanitizers. /HitchHiker's Guide to the Galaxy>

[Soul of the South]

“How about hardly ever function in their role of CEO oversight? That is my perspective.”

Board seats are worth $250,000 to $500,000 per year in compensation to the board member. Add to that any consulting or legal work the firm contracts to the board member’s law firm, consulting practice, or academic institution. There is also a interlocking network of board relationships that can result in professional board members sitting on four or five boards. Very few board members with $1,000,000 to $2,000,000 in annual compensation resulting from service on 4 boards is going to bite the hand doling out the money. What CEO is going to appoint someone to the board who has a reputation for asking tough questions or demanding accountability?