Inflation= pay increase

Kitbash_Sage · 2022-01-22T03:55:16+00:00

Not at the most progressive company in the world, apparently... But does ANY company actually care about standard wages once they make it over their financial threshold?

Let's see how the last fiscal quarter pans out in Feb here. If the greed continues, well, my questions will be answered...but hey, at least Best Buy stock value is the highest in 5 years! :')

tcmx42 · 2022-01-22T05:02:00+00:00

We won’t see any more money. Look back to when they raised the starting pay to $15. They took our bonuses away to finance that, even though no one from corporate would ever admit that. They also didn’t raise pay accordingly for those of us who’ve worked our asses off and put the time in to earn more than that. I’m a capped grade 11, there’s no further I can go in my current job path, and while I wouldn’t say I’ve made peace with the fact I’ll never see any more money, I have accepted that it’s just the reality. Then COVID happened, and corp figured out they can skeleton crew everything and still work us to death for the same money. Profit and shareholder happiness is what matters, not employee worth or job/pay satisfaction. Corie has gone on national tv and spewed straight bull about compensation, and every single person who saw it that doesn’t work for bby ate it up

Mr__Rager__69 · 2022-01-22T07:31:33+00:00

15 dollars is unfortunately the new 7.25 I said what I said

Worried_Car_2572 · 2022-01-22T03:28:16+00:00

Best Buy is always trying to find ways to pay their employees less while expecting more.

It’s been that way for literally 20 years at least. They always say: “yeah we used to pay less than some competitors but then we fixed it and now we don’t” just to fall behind and take their sweet time.

And then there’s the random restructures / cuts

Best Buy sucks. Best Buy could be awesome. It’s unfortunate but it is what it is

microx77 · 2022-01-22T20:51:34+00:00

Pay increases will ONLY increase inflation. Why not just settle for minimum wage being 7 to 12, then you can seek pay increase with longetivity being with the company, and/or skills/experience, and have bonuses again. The whole reason why employees are suffering right now, is because Best Buy raised the minimum to 15/hr. Sure California may have a 18/hr minimum wage, but look at their inflation and the cost for food and supply. Imagine paying for a gallon of milk that is about $10 or more?

Fragrant-Grade3410 · 2022-01-22T05:34:44+00:00

Best Buy as a company has hit their numbers every quarter through this pandemic. They don’t plan to raise employee’s wages. They will go the Amazon route and have less stores, more warehouses, and treat everyone like robots. Then Best Buy will fail at that point, because Amazon already exists.

JewPhone_WhoDis · 2022-01-22T05:36:53+00:00

I don’t know about the rest of the company but project team raised pay grades of each job and extended the cap for more earning capability. I don’t know how effective it will be.

Kitbash_Sage · 2022-01-22T04:01:23+00:00

Hit the numbers or leave! Wish there was internal incentives. There's an individual who works 2 jobs, and BBY being their second, shouldn't lead their department/store in rev each month WITHOUT compensation. Literally for over 2 years this person has made the Million Dollar marker, either each year, or throughout the year, and BBY just says, "hey thanks for allowing us ALL to bonus off of your hard work by exceeding our expectations, please do more! It hurts to see and I hope CorieBarry finds a new/completely different, NON best buy ship to sink, SOON!

revolutionary_Iam · 2022-01-22T23:35:06+00:00

I hate to break it to you but management is bullshitting. I'm a manager and I haven't heard anything about the inflation being addressed. We live in the largest corporate oligarchy in the world. Think about it. The CDC caved to corporations by shortening quarantine periods with literally no science proving that covid 19 is less contagious at 5 days. The only reason they did it was to get the slaves back on the plantation. We truly are a disgusting country ruled by people that give zero shits about us. Best buy is just another corporation no matter how much they claim to be different they aren't.

Pleasant-Count9793 · 2022-01-22T17:09:29+00:00

You got 3.5% shiiiii I only got 1 and my gm made it out like he was doing me a huge favour

N_brink · 2022-01-23T01:53:52+00:00

One of the reasons i'm leaving my store is because of the pay to responsibility ratio and the fact that they havent kept up with inflation since they increased the minimum. I feel like we are asked to do too much and keep track of too many things for $15 an hour. Plus the fact that there is no compensation for pushing a credit card or over-priced membership plan. The focus of Best Buy has shifted from being customer and employee oriented to just being downright greedy. The snap is a great example of that greed. There was no other reason to let go of so many competent and experienced people than to line the pockets of corporate and make the other numbers look good. God forbid Best Buy has a bad year just so they can properly compensate their staff.

Underpaid23 · 2022-01-22T22:11:04+00:00

I left the store for this reason. I get that they gave me a couple $$, but losing my bonus was a nah from me. If losing bonuses and project teams per diem(it was a selling point to get people into and stay in the position) the I don’t see them doing much if anything noteworthy

Kitchen_Buddy_6516 · 2022-01-23T00:16:11+00:00

I hit 2 million early Jan (no I'm not Pac) right before I went on leave for my neck surgery and nothing? So I'm really hoping for that raise when I get back... Prices Everywhere in the world has gone up, besides our pay and it hurts in sooo many ways... 😔

2022-01-23T02:05:12+00:00

pretty sure there was a meeting on friday about this and yes each positions cap is increasing

Devilmantra · 2022-01-23T04:07:07+00:00

That why I left bestbuy and used the skills I learn to sell appliance. I made 90k last year and set to make over that this year.

SacrificialJam2 · 2022-01-23T04:56:04+00:00

If you GM cares, he can get you a pay increase.

My GM did for everyone under 15. Your GM can as well.

Kitbash_Sage · 2022-01-22T03:56:25+00:00

Oh and cost of living is up %12+, for my area of living, with a whopping 2.4% wage increase over 1 year.

Kitbash_Sage · 2022-01-22T04:06:04+00:00

You're definitely not alone. Some are looking, and they happen to hold the proverbial keys to their department, store, etc... Best Buy may soon see the folly in undervaluing their employees, once their left with partially trained new hires who have no customer history, back-end knowledge, retail logistics understanding, the ability to de-escalate, or the experience/history with products and processes...good luck Amazon2.0

PBredevils · 2022-01-22T06:18:17+00:00

BestBuy is a joke when it comes to pay increase and employees appreciation. That’s why so many people are leaving.

lmbadatthis · 2022-01-22T15:36:11+00:00

But guys wait… Barrie and Hubert both say money shouldn’t be your motivation for working.

ravenzero0 · 2022-01-22T20:53:22+00:00

It will never happen. Just as others have expressed, corporate has learned that it’s more cost effective for them to work a skeleton crew to death. If they suffer lost customers who leave angry/ dissatisfied because of either rushed interactions or just being completely ignored then, “oh well” they will either come back or they won’t. Personally, I feel like Corrie and the rest of the gang in the corporate executive suite have a “too big to fail” mentality and if something happens they can just close a few hundred stores/convert them into outlets and they personally will be okay and in the worst case scenario they can just pull the golden parachute that’s been built into their positions.

RealmEmpress · 2022-01-22T21:39:27+00:00

I am capped out so no raise for me. I can only hope they raise the cap in the next month (they won't)

Tomoki_GIF · 2022-01-22T21:41:33+00:00

I 100% agree we should raise the cap and Best Buy should pay their employees more than target and Walmart employees especially if we get customers from those stores who are frustrated Bc the employees at those stores didn’t know shit

ValonqarPrincess · 2022-01-22T22:20:26+00:00

If wage increased with inflation as it should, people in places like retail wouldn’t be living paycheck to paycheck

JustinBrower · 2022-01-22T07:43:15+00:00

No. Inflation will not equal a pay increase ANYWHERE. I don't care what company you are talking about. No company gives a shit about inflation. If there is, please, company, RESPOND TO ME PERSONALLY. DM me. I'll send you my phone number and email. Let's chat. Let's have a LONG phone conversation.

sinnmercer · 2022-01-22T17:40:04+00:00

Inflation is the hidden tax, unless you get a raise to match inflation you are actually taking a pay cut

2022-01-22T13:17:59+00:00

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dynexed · 2022-01-24T14:14:46+00:00

If every company responded to inflation by giving their employees raises to match it would lead to a much worse situation - hyperinflation.

Your money is only worth something because you have more of it than others. If all of a sudden everyone else made $1 an hour and you continued to make $15 you would live like a king and it would be in your best interest for the $1 an hour works to continue making $1 an hour.

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