Originally Posted by
thisishomebrand
I was trying to say that while the freeze is costly, the cost of 1% lower salary increases dwarfs that two years of zero, particularly over the longer term.
I see what you’re saying, but don’t forget the two years of zero increase is there, baked in, forever. It’s compounded every year that you ‘might’ get a pay increase forever, increasing the amount you’re not getting anymore.
Do the maths on that two year pay freeze compounded at the company’s desired 2% annually for a decade, or more! Eye watering.
Then add the ongoing losses of the 1% annually that the company doesn’t think you’re worth.
And don’t get me wrong, 2% is a joke as well. Especially at current rates of inflation.