I work for a FAANG company and this week we’re getting our annual performance / comp info
I was told I apparently negotiated well to come in on the very top of my pay band and because of that there’s 0 bump up this year and I’ll have to go for promotion to see any change. Okay fine
I also asked what my company was going to do to fight inflation or how it factors into compensation
Apparently it doesn’t and it bases what it pays people based on what other similar companies pay similar roles
Sounds like to me all these companies could just get together and price fix these roles to avoid paying more and that this is quite bold for them to admit. Maybe I am ignorant? Just sounds like complete bullshit to me