Raise shouldn’t be treated as a gift since that's something we deserved a long time ago, but my impression is that’s exactly what’s happening. I guess they think that many of us here are still unaware of our value?
It’s still better than nothing, but BofA needs to be aware that many of us could get a much bigger raise by going somewhere else.
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As a BofA employee, your worth is about 1/4 of Macdonald's janitor.
A lot of us aren't even getting this "gift" so if you are, consider yourself lucky.
It was a cost of living bump and a gift.
But, If you can get more, go get them $$$, don't just complain. Manage your career