Mark Burch Coaching - Career, Financial, Life, and Small Business Coaching

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As the country slogs on and begins to recover from the current recession, focus is on whether things will return to the way they used to be. Early signs indicateĀ that they will not. As a part of cutbacks, companies have pared back contributions to employee retirement plans and other benefits. Employee contributions continue to rise, and pay raises will not be particularly large either.

So what will you do about it? I remember when I was a manager at a large company and tried to promote two stellar employees. The Human Resources department tried to prevent the promotions because the employees in question were not at the top of the pay scale for their current job and they wondered why. I explained that since they hadĀ  each been with the company well over 25 years, they had been effectively penalized with the typical annual cost of living raises of less than 5%. However, individuals who had changed jobs were obtaining raises of 20% or more by leaving and then returning 1-2 years later! It took two years to get both promotions approved.

Listen, you can't expect things to get better without making changes. This might mean changing jobs, industries, or even careers in order to accomplish your goals. If you keep doing the same things, you will get the same results.

2008-2013 Mark Burch Coaching

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