[HN Gopher] Ask HN: How are you handling Salary/Compensation wit...
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Ask HN: How are you handling Salary/Compensation with high
inflation?
Curious to get peoples opinions about the current state of
inflation and compensation. Have you broached this subject with
your company/ boss? Are you waiting till stuff gets really crazy
with inflation? Do you think this will pass and October was just
abnormal?
Author : jppope
Score : 27 points
Date : 2021-11-10 20:03 UTC (2 hours ago)
| bberenberg wrote:
| I had an employee bring it up this summer during his annual
| review. We adjusted his salary based on that.
| sickmartian wrote:
| I live in Argentina, we breathe high inflation.. it's not nice,
| but good companies will compete on how to handle this, currently:
|
| - Some companies pay part of the salary in a stronger currency
| (USD) - I get this is probably not viable for your current
| scenario, and it a perk I don't actually get, but my wife does.
|
| - Some companies have quarterly or bi-monthly inflation rate
| adjustments, this is semi-automatic, we subscribe to an
| independent party that measures inflation and whatever number
| they come with goes, this is because Argentina has a history of
| fudging the numbers to make the government look good.
|
| It will still require adjustments from the individuals, even if
| you have a cooperating employer, for example you probably want to
| buy stuff as soon as you get paid, otherwise you are losing
| money.
| pedalpete wrote:
| I thought the gov't was making it harder to trade in USD. Is
| that not correct?
|
| What about crypto? I was also under the impression that
| Argentina had strong crypto use as savings.
| chudi wrote:
| I have every quarter a salary review to match inflation
| m0llusk wrote:
| Having lived through the sustained high inflation period of the
| 1970s this seems to me like next to nothing. Careful shopping
| finds most staples haven't really changed. The inflation we are
| seeing is mostly in very specific products and much has already
| faded. Wood products are nearly back to normal and shipping is
| falling fast.
|
| The inflation that I really worry about is the increasing
| extremism driven by social networks with their likes and bubble
| forming algorithms.
| Bilal_io wrote:
| Housing (rent specifically) rised and most likely won't fall
| back. In Houston rent went up by around 25% in the past 6
| months alone.
|
| This is extremely serious, considering that housing is one of
| the most important product people pay for.
| avgDev wrote:
| Supply chain is still struggling. Chip shortage is still a
| problem.
|
| I cannot buy a car at a reasonable price. I'm in manufacturing
| and our company is constantly rising prices due to shipping
| issues and high cost to ship overseas.
|
| This will pass, imo but I'm not an economist. I'm just a schmuck
| with CS degree that can tap a keyboard and produce some code.
|
| I got a MASSIVE (50%) raise this year so I'm going to wait till
| my next review to worry about inflation.
| naikrovek wrote:
| I'm predicting a 5-out-of-5 review, again, and a < 1% raise,
| again, while my employer posts record profits quarter after
| quarter, and the executives get 50% raises every year.
|
| things are gonna collapse soon, so I'm going to chill here until
| that blows over, while being thankful to have a job, and then
| I'll probably move on to a company that looks better on paper but
| proves to be somehow even worse with raises in reality.
|
| I regret having kids, because they are going to have a very
| difficult time.
| 908B64B197 wrote:
| > while my employer posts record profits quarter after quarter,
| and the executives get 50% raises every year.
|
| Just switch to a mostly stock based comp.
| naikrovek wrote:
| if only it were that easy.
| SamuelAdams wrote:
| I switched companies. Why wait for CoL increases when you can get
| 20% jumps?
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(page generated 2021-11-10 23:01 UTC)