Author Topic: When do workers stop getting increases  (Read 7830 times)

Patrick

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When do workers stop getting increases
« on: October 21, 2015, 09:02:16 am »
I thought this was an interesting read. It seems to suggest that you are at your earnings peak at around 35. It does apply in my case too, as we have very structured pay levels where I work, and now that I'm on the top level, all I'll get are inflation increases. Fortunately as my investments grow, they give me another increase :)

http://www.theatlantic.com/business/archive/2015/10/at-what-age-do-workers-stop-getting-raises/409153/

Moneypenny

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Re: When do workers stop getting increases
« Reply #1 on: October 21, 2015, 09:24:00 am »
That's grim, guess you have to be a board member to do well in 50's and 60's.

Fawkes85

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Re: When do workers stop getting increases
« Reply #2 on: October 21, 2015, 10:24:40 am »
Well I guess that just goes to show the importance of investing to make sure you keep getting 'pay increases' in a sense.

gcr

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Re: When do workers stop getting increases
« Reply #3 on: October 21, 2015, 12:07:42 pm »
Patrick - there are 2 options open to you - change your job where pay scales will allow you to get the increases you believe you are entitled to - this could mean moving companies with the real threat of getting a job that may pay well but is downright boring and soul destroying.
The other alternative is to make yourself indispensable but within  job environment that you thoroughly enjoy and look forward to going to work everyday. You then need to do a reality check and determine what your driver is the monetary route or the job satisfaction and enjoyment and a degree of being indispensable. The latter does give you opportunities to negotiate with your bosses for a salary adjustment over and above the norm - the upper level of the scale is only there based on the people who actually earn those salaries so bracket creep can be engineered with skillful negotiation. Also freedom to operate within your space is very important, or it was to me, as the last thing you need are bosses who breathe down your neck daily and constantly
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein