I use the consumer price index for the COLA increases I give all my employees twice a year. Then I add merit on top of that if deserved. I have a small kicker based on how long someone has been at the company too.
2-4% annually is something to expect out of almost any job. More if you did great things for the company. From: Steve Jones Sent: Friday, December 3, 2021 2:34 PM To: AnimalFarm Microwave Users Group Subject: [AFMUG] OT: inflation raises So Ive never requested a raise in my 25ish years of working full time. Ive always considered compensations and raises to have been fair with some exceptions (as satisfied as you can be) I got a substantial 32 percent increase when I went to salary in 2017, never gave raises a great deal of thought since then. Boss did tell me that all id do if he gave me more money was spend it, he was right. any how, if a guy was strictly looking at inflation matching, where would I find the actual value? is there a standard cost of living calculator or is that employer/region specific? I find a calculator that says the dollar in 2021 is 1.13 or 12.8% in 2017. 12.8% seems like a lot to ask for, but I guess split over the 4 years thats only 3 percent annually. I like my salary, mainly because its an exact amount with zeros and I like numbers like that, it just doesnt buy the same loot it did and 12% would make it not zeros. Anyhow, whats the acceptable rule of thumb for cost of living increase? just that percent since last increase? Aside from that I never really was big on demanding more pay annually for doing the same job, but whats a rule of thumb for that? incentive raises. Im not going to do any more for more money, so theres really no net gain for the boss that I see. Ive never done the look for a different job then negotiate to stay, I just go, so its not an issue of negotiation. feels more like greed to me, i gues theres no shame in being greedy -------------------------------------------------------------------------------- -- AF mailing list [email protected] http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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