I’ve worked in the mortgage industry for over a year now. So about 2 days ago my boss sets the appointment to have my annual review which was 3 weeks overdue. My boss tells me that I’m doing a great job and has no complaints about the work I’ve been doing, then goes into how hostile the market is being lately how rates will be going to to curb inflation and all this other stuff. He tells me he’s going to submit a raise for me to HR but when I asked about commission, he told me that right now they’re really isn’t the volume where commission would benefit me and the LO’s need all they can get due to us not getting many loans. There’s talks of layoffs happening as well. My previous job I made more but the overtime was outrageous and the work was more dangerous. I’ve been getting calls and texts from my previous coworkers and supervisors about coming back as they have gotten a 7% raise ontop of a $5K to 10K raise next year. The union is still working this out. Overtime is still a thing but not as crazy as last year. I live in a city where cost of living is exponentially getting worse each year. My rent is almost as much my paychecks now and it’s been taking a toll on me and my partner’s savings. I got to thinking how 10 years ago a $5 raise would have been great and afforded more financial security. I took a paycut to work for my current boss which I didn’t mind thinking in the upturn there would be more money to make but the market is making me regret my current decision. I’ve been thinking about going back to my previous job (dangerous as it may be) the pay was better. My partner and I aren’t sure what to do and outside input could help us.
Thank you!