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Merit increases...

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How many people work for you?

 

Sounds like we're in a pretty similiar job.

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  • Author
QUOTE(kapkomet @ Apr 12, 2005 -> 12:17 PM)
How many people work for you?

 

Sounds like we're in a pretty similiar job.

 

 

 

Directly (as in help me) 4, but I get the joy of reviewing and recommending raises for 9 cause my boss is L-A-Z-Y. :lol:

Unless you get more than 5%, you're really not getting jack when you consider the cost of living goes up by like 3-4% every year if I'm not mistaken. So, sure you might get a 4% increase, but if everything is 4% more expensive this year than last, you broke even.

QUOTE(Steff @ Apr 12, 2005 -> 11:46 AM)
Anyone gotten one lately...? I'm wondering what the average increase % is these days..

 

I was promised one, but haven't gotten it yet. At my company, 2.5%-3% is the norm. I damned well better be getting more than that since I have taken over the responsibilities of two other dearly departed employees.

QUOTE(Queen Prawn @ Apr 12, 2005 -> 12:32 PM)
I was promised one, but haven't gotten it yet.  At my company, 2.5%-3% is the norm.  I damned well better be getting more than that since I have taken over the responsibilities of two other dearly departed employees.

 

Don't hold your breath.

QUOTE(YASNY @ Apr 12, 2005 -> 12:34 PM)
Don't hold your breath.

 

Sad thing is I have had several coworkers telling my boss I deserve a huge raise and I know that if I get one, it will be the typical 3%. :chair

Hard times, hard market, everyone is pinching pennies.

QUOTE(Queen Prawn @ Apr 12, 2005 -> 12:35 PM)
Sad thing is I have had several coworkers telling my boss I deserve a huge raise and I know that if I get one, it will be the typical 3%.  :chair

 

This is exactly why I vehemently believe that unions need to regain some of their strength. Whether you are a union member or not, there presense and effectiveness affects everyone. At one point, unions were too strong. But the pendulum has swung way too far to the other side and it needs to come back toward center.

QUOTE(LosMediasBlancas @ Apr 12, 2005 -> 12:37 PM)
Hard times, hard market, everyone is pinching pennies.

 

You've got that one right. Its hard to even find leads in the futures/equities markets, unless you are willing to cold call and sell crap.

QUOTE(YASNY @ Apr 12, 2005 -> 12:39 PM)
This is exactly why I vehemently believe that unions need to regain some of their strength.  Whether you are a union member or not, there presense and effectiveness affects everyone.  At one point, unions were too strong.  But the pendulum has swung way too far to the other side and it needs to come back toward center.

 

Those days are gone forever. As long as there are low to no import tariffs, they will just go overseas. They don't need the American worker like they used to in the early 20th century.

QUOTE(southsider2k5 @ Apr 12, 2005 -> 12:41 PM)
Those days are gone forever.  As long as there are low to no import tariffs, they will just go overseas.  They don't need the American worker like they used to in the early 20th century.

 

I believe it will swing back to some extent. The unions will never be as strong as they once were, nor do they need to be that strong.

  • Author
QUOTE(LosMediasBlancas @ Apr 12, 2005 -> 12:21 PM)
Unless you get more than 5%, you're really not getting jack when you consider the cost of living goes up by like 3-4% every year if I'm not mistaken. So, sure you might get a 4% increase, but if everything is 4% more expensive this year than last, you broke even.

 

 

I'm pretty sure you're mistaken. For starters.. housing has gone down the past 2 years. By your logic.. those that don't get raises at all would be living in boxes on lower Wacker which is not true.

This guy I know gets merit raises at his job and it swings from 0% - 6%. I don't get that cause I'm on commission. And as you can see by my increased Soxtalk post count, bidness ain't good.

 

Anyone got a NJ job for a salesman/travel agent/broadcaster?

QUOTE(Steff @ Apr 12, 2005 -> 06:26 PM)
I'm pretty sure you're mistaken. For starters.. housing has gone down the past 2 years. By your logic.. those that don't get raises at all would be living in boxes on lower Wacker which is not true.

 

Wow, that's what my logic means, huh? Interesting.

  • Author
QUOTE(LosMediasBlancas @ Apr 12, 2005 -> 01:55 PM)
Wow, that's what my logic means, huh?  Interesting.

 

 

Isn't that what you're saying.. if one doesn't get at least 5% then they are going backwards... going backwards means not being able to pay your bills.. does it not??

  • Author

A tad bit off on the COA increase... The CPI was just "revamped" to take into account consumers change in spending habits as well as the decline and/or stable cost of housing, food, clothing, etc, etc..

 

From that site it looks like the net change has been less than 1% change.. :huh

 

 

 

http://lmi.ides.state.il.us/lmr/cpi.htm

 

 

 

Personally.. since 9/11 happened and 2 years (01 and 02) without a raise Jim and I were able to buy a much larger house, an additional investment property, 2 new cars, and increase our "play" income. I would guess this varies for everyone based on spending habits though.

QUOTE(Steff @ Apr 12, 2005 -> 10:54 AM)
I have a pool and can distribute up to 6%. Anything I save the company loves of course..  :rolly  I don't have any empolyees that I feel deserve the full 6%.. but several are right at 5%. Sounds like that might be too much..  :ph34r:

That's the way our's is done, except on a 5% scale.

  • Author
QUOTE(mreye @ Apr 12, 2005 -> 02:24 PM)
That's the way our's is done, except on a 5% scale.

 

 

Do many get the full 5% that you know of?

QUOTE(Steff @ Apr 12, 2005 -> 01:25 PM)
Do many get the full 5% that you know of?

Hardly any. If my boss goes to the CEO with "too many" 5%ers, he'll tell him to try again.

  • Author
QUOTE(mreye @ Apr 12, 2005 -> 02:32 PM)
Hardly any. If my boss goes to the CEO with "too many" 5%ers, he'll tell him to try again.

 

 

 

Yea.. that's what I'm sure I'll get. I have mostly 3.5% to 4.5%... but 3 with 5% because they really do go above and beyond (take work home, come in on weekends, etc, etc..). I'm sure I'll get told to "try again" also.. :lol:

QUOTE(Steff @ Apr 12, 2005 -> 01:35 PM)
Yea.. that's what I'm sure I'll get. I have mostly 3.5% to 4.5%... but 3 with 5% because they really do go above and beyond (take work home, come in on weekends, etc, etc..). I'm sure I'll get told to "try again" also..  :lol:

Kind of BS is you ask me. What he's saying is you have too many good people - this can't be true. Why not?

  • Author
QUOTE(mreye @ Apr 12, 2005 -> 02:38 PM)
Kind of BS is you ask me. What he's saying is you have too many good people - this can't be true. Why not?

 

 

I don't think it's so much that as it is the bottom line. All about making $$ for the agents... if they don't make theirs.. we don't get the opportunity to give out anything.

QUOTE(Steff @ Apr 12, 2005 -> 01:42 PM)
I don't think it's so much that as it is the bottom line. All about making $$ for the agents... if they don't make theirs.. we don't get the opportunity to give out anything.

Yeah, but why should there be a cap on the number of quality people you're aloud to have in your department? Isn't that basically what they're saying?

  • Author
QUOTE(mreye @ Apr 12, 2005 -> 03:03 PM)
Yeah, but why should there be a cap on the number of quality people you're aloud to have in your department? Isn't that basically what they're saying?

 

 

 

Naaa.. they'd love to have all 5's I'm sure.. they're just saying we can't pay them at the 5 level. :lol:

QUOTE(Steff @ Apr 12, 2005 -> 02:05 PM)
Naaa.. they'd love to have all 5's I'm sure.. they're just saying we can't pay them at the 5 level.  :lol:

Well, either they're 5s or not. Just saying.

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