Do Companies Stand in the Way of Personal Financial Gains?
Over the past few days I’ve read a few other blogs that have stated in their long lists of ways of improving financial situations that one of the ways of accomplishing this is to ask for a raise. There are entire sites devoted to the methods in which a person can ask for a raise.
I’m intrigued about other people’s experiences with getting raises.
My company has a Byzantine bureaucracy built around reviews and tie pay raises to a complex formula that gives the appearance of impartiality but is still fundamentally arbitrary. Requests for pay raises are easily dismissed by referring the employee to the yearly review process and the standard 3-6% raise that this review process produces.
It seems to me that companies develop this process to protect themselves (and their budgets) from unexpected requests for pay raises. This means, though, that if I poorly negotiated my initial salary, I am forever on a weak financial track with the company with no hope of ever catching up unless I get that rare opportunity for a promotion.
I do believe all rules can be broken. I see it done often enough to know it is possibly, yet it is annoying to me that I am made to feel that the company I work for has intentionally created barriers to my getting paid what I am worth.
Do others feel this way? How common is this methodology in other places of work? Do you feel like your company is assisting you in financial success or hindering you?
