I've taken similar pay cuts in the past. It does suck. The answer almost always is to let your boss know (very gently) that you expected more. If they say no, start looking (casually) for a new job. If you can find one that pays more, either take it or show your boss the offer letter and ask for a better raise. If you can't find one that pays better, then yeah, you're getting the best you can. Either increase your skills and build your resume until you can find one that pays better, or just figure out if money is the ultimate goal or if there's something less tangible at the company that makes you happy.
I stayed with a company after they gave me a 0.25% raise in a year. I stayed because I loved the company. As soon as that was not true, I started looking for a place with a similar benefit package but a higher salary, and I found one. Talk to your boss very casually. Don't demand more money, but let them know you expected more and ask what you could do to earn a better raise in the future. If there is nothing you individually can do that will impact your future earnings potential at the company, that company is just a short-term step on your long-term career roadmap. Enjoy it while it lasts, and keep one ear to the ground for better opportunities in the future.
Comments
I've taken similar pay cuts in the past. It does suck. The answer almost always is to let your boss know (very gently) that you expected more. If they say no, start looking (casually) for a new job. If you can find one that pays more, either take it or show your boss the offer letter and ask for a better raise. If you can't find one that pays better, then yeah, you're getting the best you can. Either increase your skills and build your resume until you can find one that pays better, or just figure out if money is the ultimate goal or if there's something less tangible at the company that makes you happy.
I stayed with a company after they gave me a 0.25% raise in a year. I stayed because I loved the company. As soon as that was not true, I started looking for a place with a similar benefit package but a higher salary, and I found one. Talk to your boss very casually. Don't demand more money, but let them know you expected more and ask what you could do to earn a better raise in the future. If there is nothing you individually can do that will impact your future earnings potential at the company, that company is just a short-term step on your long-term career roadmap. Enjoy it while it lasts, and keep one ear to the ground for better opportunities in the future.