People not getting a raise - commiserate itt Forum

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People not getting a raise - commiserate itt

Post by Anonymous User » Wed Jun 08, 2016 2:40 pm

I'm in basically a tertiary market and the firms don't pay attention to what NYC does. I guess first years are going to have to keep billing 1900 to 2000 to make $100k - $110k (if you're lucky you can work at the firms that want you to bill nyc hours for $120k).

tyroneslothrop1

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Re: People not getting a raise - commiserate itt

Post by tyroneslothrop1 » Wed Jun 08, 2016 2:59 pm

I now make half what a third of my classmates make

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Re: People not getting a raise - commiserate itt

Post by Anonymous User » Wed Jun 08, 2016 3:12 pm

I am an ashamed CovingTTTTTTTTTon loser.

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Re: People not getting a raise - commiserate itt

Post by Anonymous User » Wed Jun 08, 2016 3:54 pm

tyroneslothrop1 wrote:I now make half what a third of my classmates make
My first year my salary back when the NYC market was $160k was $75k for a 2000 billable requirement. I feel the pain.

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Re: People not getting a raise - commiserate itt

Post by Anonymous User » Wed Jun 08, 2016 5:48 pm

My firm JUST raised salaries and went more lockstep this January, probably due to the crazy NY bonuses. I am very happy with the salary increase, but no way they move again based on this. (Then again, aren't market-comp people concerned that the $180k will just come out of their aforementioned crazy, very recently increased bonuses? I would be.)

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cjw564

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Re: People not getting a raise - commiserate itt

Post by cjw564 » Wed Jun 08, 2016 6:08 pm

Anonymous User wrote:My firm JUST raised salaries and went more lockstep this January, probably due to the crazy NY bonuses. I am very happy with the salary increase, but no way they move again based on this. (Then again, aren't market-comp people concerned that the $180k will just come out of their aforementioned crazy, very recently increased bonuses? I would be.)
Same here. Firm just went to ny scale in tertiary market. Though col is insanely cheap so there is that. But still should have gone to Winston.

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Re: People not getting a raise - commiserate itt

Post by Anonymous User » Wed Jun 08, 2016 6:27 pm

Anonymous User wrote:I am an ashamed CovingTTTTTTTTTon loser.
If you're actually with Covington, what's the office like right now? How mad are people?

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Re: People not getting a raise - commiserate itt

Post by Anonymous User » Wed Jun 08, 2016 6:36 pm

At a ~V93 that pays slightly below market. Living vicariously through others.

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L’Étranger

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Re: People not getting a raise - commiserate itt

Post by L’Étranger » Wed Jun 08, 2016 6:48 pm

Anonymous User wrote:I am an ashamed CovingTTTTTTTTTon loser.
That was a weird move in terms of how they rushed in with the NY only bump. It's like they're trying to start a trend for others to follow.

But now if they are forced to come up to (what I hope is) the new market in all of their offices, they'll just look dumb.

Would have been better to just wait.

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linquest

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Re: People not getting a raise - commiserate itt

Post by linquest » Wed Jun 08, 2016 11:17 pm

Work for the Feds. We haven't even received a full COLA raise since I started working in 2009. But at least I typically work a <40 hr workweek!

*Nobody said this was a BigLaw only thread.

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Re: People not getting a raise - commiserate itt

Post by Anonymous User » Wed Jun 08, 2016 11:41 pm

State employee in a tea party state here. Hoping to land a sweet $.10 an hour "merit based" raise this year!

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jess
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Re: People not getting a raise - commiserate itt

Post by jess » Thu Jun 09, 2016 12:35 am

.
Last edited by jess on Thu Oct 26, 2017 2:46 am, edited 1 time in total.

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zot1

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Re: People not getting a raise - commiserate itt

Post by zot1 » Thu Jun 09, 2016 8:53 am

linquest wrote:Work for the Feds. We haven't even received a full COLA raise since I started working in 2009. But at least I typically work a <40 hr workweek!

*Nobody said this was a BigLaw only thread.
A better reason to do it would be that I see people here who are making less than they could in BigFed but working more hours.

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zot1

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Re: People not getting a raise - commiserate itt

Post by zot1 » Thu Jun 09, 2016 8:53 am

^ accidental anon.

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Re: People not getting a raise - commiserate itt

Post by Anonymous User » Thu Jun 09, 2016 11:09 am

jessuf wrote:
linquest wrote:Work for the Feds. We haven't even received a full COLA raise since I started working in 2009. But at least I typically work a <40 hr workweek!
What is the full raise?
It's supposed to be tied to inflation. We had pay freezes from 2011 – 2013, and 1% raises annually since then. From the late 80's through the early 2000's when my Dad was a Fed, the raises were usually around 4% a year.

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baal hadad

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Re: People not getting a raise - commiserate itt

Post by baal hadad » Thu Jun 09, 2016 8:06 pm

Anonymous User wrote:
jessuf wrote:
linquest wrote:Work for the Feds. We haven't even received a full COLA raise since I started working in 2009. But at least I typically work a <40 hr workweek!
What is the full raise?
It's supposed to be tied to inflation. We had pay freezes from 2011 – 2013, and 1% raises annually since then. From the late 80's through the early 2000's when my Dad was a Fed, the raises were usually around 4% a year.
I'd take dem small raises for the opportunity to basically never get fired

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