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I have never heard of this before, but yesterday I learned that my salary had been "red-circled," meaning I was not eligible for the annual 3% merit raise, because my salary was way outside the "market range" benchmarks they use.
Thing is, this is my 3rd year here, and I received merit raises the previous 2 years. It looks like my starting salary was about 15k above the top of the range, but it wasn't a problem before.
My supervisor is appealing to HR, but if they stick to this, I am not sure why I would want to stay, and I don't want to move into a different position. I am highly specialized, the only one in my org who does what I do, and very experienced (why my offer package was so high)
What arguments can I present for them to make an exception or release me from this "market range" metric?
Oh yes, you may have guessed we are under new management.
It sounds lime your new boss thinks your salary exceeds your value. I imagine everyone who is getting paid above their pay band has been "red circled" and is not getting a merit raise. I doubt if there is anything you can do to change their mind. Are you getting a CoL raise, or is your pay being frozen?
Do you know what job title they're using to determine the metrics? Does it really cover what you do? You may need a new job title, not necessarily a different position.
It sounds lime your new boss thinks your salary exceeds your value. I imagine everyone who is getting paid above their pay band has been "red circled" and is not getting a merit raise. I doubt if there is anything you can do to change their mind. Are you getting a CoL raise, or is your pay being frozen?
Sounds like the other way around. Their HR thinks their salary exceeds their value, while their boss is happy with it.
I have never heard of this before, but yesterday I learned that my salary had been "red-circled," meaning I was not eligible for the annual 3% merit raise, because my salary was way outside the "market range" benchmarks they use.
If you aren't getting a 3% raise per year, you're taking a pay cut.
I would be asking my manager, "How do we fix this, and get me back to receiving regular raises? How long would you stay here if you were told you weren't going to see any more adjustments?" Anything other than a "Hold on, we're going to fix this" means it's time to move on.
Sounds like the other way around. Their HR thinks their salary exceeds their value, while their boss is happy with it.
It's definitely HR. The CHRO and most of the HR staff are all new to the org too. No one who was involved in putting together my comp package is still with the company.
Sounds like the other way around. Their HR thinks their salary exceeds their value, while their boss is happy with it.
Quote:
Originally Posted by zentropa
It's definitely HR. The CHRO and most of the HR staff are all new to the org too. No one who was involved in putting together my comp package is still with the company.
Yes, salary is completely frozen, no COL.
Sounds mostly like HR really doesn't know or care about value, just about being spot on perfect with their market statistics. Typical CHRO move, driven solely by the metrics they measure and not the value of the result. CHRO showing his value by saving money without regard to the impact of his decisions because the impact falls elsewhere.
Sounds like you are maxed out for income growth at that company. You will probably have to move to a new company and negotiate a higher salary to increase income.
I remember back to the early 00s when the economy was down and my company didn't give anyone an increase or bonus for about 5 years....except for the CEO who of course got his
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