So, I’m due to have yet another annual review this week. If you read my earlier post “Deciphering What your Annual Review Means” you might recall I’m not really that excited by annual reviews or their results.
But, in preparation today I went out and did a little math. According to the Consumer Price Index (CPI-U) which measures how much things costs for the average person, the costs of things has increased an average 2.8% every year for the last 10 years. That means, any merit increase I see that is less than 2.8% means I’m losing money. And a raise of 3% means I’ll see .2% more money a paycheck! Hold me back I’m going on a spending spree. (That was sarcasm in case you missed it.)
Honestly, I expect 4% though and I’ll have to start lining up some interviews after the holidays.