For longtime workers at the same company, this is a reality. Years of three percent raises will put you below your market value. Your employer will not be able to replace you without paying somebody else a much higher salary.
Fairfax County Public Schools have been increasing hourly rates on the signs advertising for bus drivers. I’ve wondered if they’ve been giving current drivers the higher rates.
Good for her if she is doing the work then she deserves the raise.
Inflation is behind much of the great resignation. Workers have to get decent raises to keep up with inflation.
3% raises don’t cut it in the age of 15%+ inflation.
Click bait. She is a contractor working for a contracting company that has her contracted to Citi.
Citi is not HER COMPANY.
Citi is not looking to have her work for them.
Started working at a startup in 1989 making $27,000 a year. I was THE programmer. (That’s not ego talking, I was the ONLY programmer). A couple of years later (after no raises, because this was a startup and “they didn’t have the money”), they saw the need to add a second programmer, as we were adding a second product, and the development schedules needed to be run in parallel. They asked if I knew anyone, and I did. I recommended a guy that I had worked with at the last place. He interviewed, got hired, and they agreed to pay him $36k. He mentioned it in passing one day, and I went straight to the CEO. I had been denied raises for 2 years, despite my managers, and even the CEO saying that I was doing outstanding work, and they didn’t know what they would do without me. Long story long, they agreed to raise me up to $36k as well. A few years later I would design, and build their OLTP datacenter from the ground up that they would use for the next almost 25 years. And that would make them the dominant player in their marketspace. (That should silence the “You were just a crappy employee but they were afraid to tell you verbally, so they told you by not giving you a raise” people).
So, things like that happen, sometimes it’s unintentional, I think in MY case they didn’t know what the market was for my position, and once that happened I would go on to get SEVERAL more than 20% raises, and promoted to director level.
Flee NYC, run for your lives.
I got a chance to look at salaries for some 400 engineers before I retired from my company. ALL the Asians were at he bottom of the pay scale, and did most of the work - just sayin ...
That happened to me and I had to sign a non-compete to get any of the benefits I had accrued over 24.99 years. I took the article to my former employer, they had to slash the non-compete (or lawsuit) and I went to work within 2 weeks with a competitor and spent the next 10 years enjoying beating my old firm!
If she is already doing the same job, the company owes her, the higher salary, is patently unfair to not do so. Shame on them for advertising her replacement before firing her, if that was their intent.
I worked at a company that was opening a new plant some 30 miles away in Lancaster, CA and closing the last of 3 in Northridge, CA
They told the approx 225 people that they could re-apply for their jobs if they wanted to work in the new plant.
Only 10 or so got a job there. They others hired as new and of course lower wages...