Salary Cap - Page 5

Q-Checker · ‎05-09-2010

I think others may have said this better: your salary is based on what your job -- actual tasks performed -- is worth to the company bottom line. Period, The generous bonuses reflect the company's appreciation for a job well done. Unless you are assigned other responsibilities which have a positive impact on the profits of the company, you can expect that your salary will continue, other than a cost of living raise across the board, to remain capped. There have been many good suggestions, but I do not recall reading any that mentioned investing in some type of IRA. I highly recommend that you contribute the maximum allowable amount to any type of IRA plan for which you are eligible.

AZfem · ‎04-13-2016

@Sunnycorle It wouldn't hurt to put out feelers for what else is out there. Get a recruiter, put the word out to acquaintances, look at ads. If you get any interviews go & check it out. The thing is if you quit, employers don't care (sometimes I think they put you in this position purposely to make you quit). If you leave, they can hire someone in at a much lower starter salary. They love this since it saves the company money. I've never seen a company care when someone quits - everyone's replaceable & at a lower salary.

LizzieInSRQ · ‎12-27-2010

Most of the compaies ive worked had a salary range for a position. When i reached the cap i got paid a "bonus" like you do, based on my performance the past year because i couldnt technically get the raise because i capped out at top of the range as i got raises over a few years.

Eventually HR does salary range reviews and research for positions ( not every position every year but usually all positions would get reviewed eventually, maybe every 5 years or so, depending on cost living and national economy.

Sometimes the range changed a lot ( ended up getting $1 more an hour instant, not at raise time, just to bring me up to new mid-range) and sometime it stayed the same but the range moved up had room for next raise.

If your salary range has not been reviewed and updated in a while, maybe ask HR when your position is scheduled for a salary range review.

WRXtoo · ‎03-22-2010

The great benefits you speak of are a valuable part of your current situation, especially as evidenced when you faced your serious health challenges. Just to have the support of management at that time is a huge value that shouldn't be easily dismissed.

To be blessed with working around people you enjoy, doing work you enjoy and believe in, is also a value that brings satisfaction and joy to your life. They don't show up in your bank account but they have a profound effect in your life.

These things aren't easily found in every job or every company, and I'd advise factoring them in when you're considering your options. Good luck in finding your best place! I hope your company can come up with a creative way to help you, because obviously you bring a lot to them.

Tinkrbl44 · ‎08-23-2010

@AZfem wrote:
@Sunnycorle It wouldn't hurt to put out feelers for what else is out there. Get a recruiter, put the word out to acquaintances, look at ads. If you get any interviews go & check it out. The thing is if you quit, employers don't care (sometimes I think they put you in this position purposely to make you quit). If you leave, they can hire someone in at a much lower starter salary. They love this since it saves the company money. I've never seen a company care when someone quits - everyone's replaceable & at a lower salary.

@AZfem

Reminds me of the saying ..... Indispensable today, gone tomorrow.

CalminHeart · ‎03-09-2010

Anyone working at a large corporation should know they will do whatever they can to avoid paying more to employees.

I was high enough up the ladder to be on the inside about how pay was handled. Corporations will say anything but in the end, they will lie and cheat employees if they can. Their intent is to save money for shareholders, stock buybacks, and CEO and upper executive pay & bonuses. Employees are just a number to them.

I had to accept an 8% pay cut during the 2007 recession with a promise of getting it back when the market recovered. They lied and never gave it back. I went until retirement without an salary increase.

Rockycoast · ‎03-02-2016

I would have been putting out applications long ago. Unless there are great benefits and a pension at your present job, I see no reason to stay. You are at a stand still there. Nothing will get better for you. Inflation is way down along with gas and food. Not a concern if your income is as good as you say. A new job, new challenges, new people, even new area will do wonders.

CelticCrafter · ‎03-09-2010

Thirteen years is a long time to stick it out at something that isn't making you happy anymore.

Fressa · ‎03-20-2012

Sunnycorle---Thanks for the kind words. I forgot to mention that I was the only female "working manager" while the other "managers" (all men) did not have any "working" duties. This was a common issue in the corporation where I worked. It's another issue to consder when and where you work and for who. Sometimes it gets lost in all the other issues that you don't even realize that a corporation is still thinking like it did decades ago.