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  1. #1
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    Mar. 8, 2006
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    Default Salary increases outside of horse industry

    Anyone else suffering with teeny tiny salary increases? I now net less than I did 2 years ago because of tax increases and increased benefit costs. The salary increase hardly made any difference.

    Not that I am ungrateful, but I have worked hard all year and got a very good review (yay for me!) and that's the best they can give me?

    Is this typical in the business world? Are others getting more that 1 - 2 % increases?



  2. #2
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    Apr. 28, 2008
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    Default

    Times are hard for businesses. Benefits costs are going up substantially, withholdings/SS/taxes are up, and margins are down in many industries, including mine. Health insurance costs have gone through the roof for companies. Our plan costs DOUBLED for the company. A little of that was passed on to employees but most of it, no. Whatever you think about Obamacare, it's hard for companies to internalize that kind of increase and still raise salaries -- on already tight budgets.

    I've been getting in your range, basically low COLAs, and my benefits have been reduced. But knowing the numbers in our industry, I can't say I disagree with any of those business decisions though personally I would like to have more, of course. I'd say you are typical to lucky to get any raise over the last few years.



  3. #3
    Join Date
    Jun. 7, 2006
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    8,693

    Default

    Increase?

    When I started my career there was a 1 in front of my salary.



  4. #4
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    Mar. 8, 2006
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    Default

    My employer fixed that benfit cost increase by putting in a high deductible medical plan. No increase for them--all on us.

    This bank is doing just fine in profits. It's all so discouraging. Businessess want to maintain their profit levels and the consumer has to pay more and more. Someday it's just not going to work anymore.


    3 members found this post helpful.

  5. #5
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    Aug. 12, 2010
    Location
    Westford, Massachusetts
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    Default

    Yes, everone I know is getting 1-2.5% COLA increases, some people aren't getting any. And, yes, we're all falling behind.

    In some cases, it is probably true that the employer can't afford any more. In others, however, they are taking advantage of the state of the economy as a whole. I've been working a long time, and for years, was on the financial side of things. Employers will sometimes lower annual increases out of necessity during a downturn, but then, when things are better, they don't bump them back up, as employees have accepted the lower increase for a while.


    1 members found this post helpful.

  6. #6
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    Apr. 28, 2008
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    Default

    Keep in mind that wages aren't set based on profitability, so even companies still making large profits aren't going to raise wages based on that. Wages are set on competition for employees/what it takes to get and keep good employees. Companies aren't going to raise wages and offer a lot more than other companies are offering. There's no need because employees are less likely to leave for other alternatives that aren't there. When the job market is bad, wages are going to stagnate. It's not taking advantage of the economy in any negative way, it's just basic economics for businesses. Just like businesses shouldn't buy supplies that are overpriced, they shouldn't overpay for employees. It sucks for us employees but there it is.



  7. #7
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    Apr. 2, 2003
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    4,785

    Default

    I work in a high turnover, high stress industry with limited number of qualified people in a very small circle of potential employers. Last year I got 30% and a promotion. This year I am expecting only about 5% but I expect another promotion with a 10% increase in the next year. So I am doing okay.

    It's still not a lot of money considering the crap I take from clients so I am working on building a side business involving really nice bridles and strap goods to do on the side with my husband's support.



  8. #8
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    Mar. 8, 2006
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    Southeast Pennsylvania
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    Default

    Yes, it totally sucks. Funny thing is, when folks leave my employer, they get substantial increases with pretty much equal benefits. My area is underpaid in the industry. Yeah, yeah, I know we all say that. But with so many leaving for such higer salaries, it's hard to ignore.

    I'm hesitant to leave as I am in my 60's. Change is hard for us old folks....



  9. #9
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    Jul. 28, 2004
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    ...right where I want to be
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    1,625

    Default

    Only one 3 percent increase in the past 5 years. Insurance cost has gone up more then that each year so I'm actually bringing home less now. I'm not complaining, my job is emotionally taxing but can also be very rewarding. I'm just grateful to have a job I enjoy.



  10. #10
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    Mar. 16, 2000
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    Chatham, NY USA
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    Default

    No increase in 3 years...not just me, ALL of us who are in a classification that does not allow 'representation'. Media paints all of us as highly (over)paid because thay don't know or care that not ALL of us are upper (or even middle or even lower) management positions.

    As Nancy sings in "Oliver," 'If you don't mind having to go without things, it's a fine life!'

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  11. #11
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    May. 17, 2000
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    Where am I and what am I doing in this handbasket?
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    COLA or lower is standard in my industry for years now (long before the economy tanked). If I got a 3+% raise I'd probably pass out in shock, bump my head and use it all on the ensuing medical bills.

    We see money at bonus time, really. And bonuses are reliably tied to a weight between corporate/division and to a much lesser extent, individual performance, sometimes rather drastically (in either direction). That is targeted at a percentage of salary so the low increases also mean a low increase in target bonus, so the incentive is to beat target (oh how fondly I remember you, 139% Year...)
    Definition of "Horse": a 4 legged mammal looking for an inconvenient place and expensive way to die. Any day they choose not to execute the Master Plan is just more time to perfect it. Be Very Afraid.



  12. #12
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    Oct. 12, 2001
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    Default

    I am dying here. Every year we get teeny-tiny raises that just don't reflect the increase of cost of living. After several years of this I am struggling to maintain my life. Gas goes up, grocery costs have doubled, and the income doesn't go up. This year it actually went down, a combination of that rolled-back tax break and more health care costs. My employer cheerfully claims it is making money hand over fist, but they don't pass it on.



  13. #13
    Join Date
    Feb. 14, 2003
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    Windward Farm, Washougal, WA- our work in progress, our money pit, our home!
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    Default

    No, no raise--teachers don't really get 'raises'. Our compensation is fixed and can only be altered by the state Legislature. All teachers in my state took a 1.9% across the board cut 2 years ago, and before that we hadn't even gotten a COLA for 7 years, so backward I go! The competition for coaching or stipend-paid extracurricular positions is getting ugly. I am deeply grateful to have the job I do--we have good insurance (though most of us pay out of pocket as the state allowance comes no where near paying for it), good job security, the pay is decent for our area even though cost of living here is high, but gosh, I'd love to keep up with inflation!

    I have a friend who just received a 3 cent raise. Yeah...3 cents more an hour, for a total of $39/year more! She's worked there for 10 years or so, in HR, adn is pretty darn indispensible. And, her supervisor was shocked that she wasn't more appreciative! Everyone else in her office received significant increases, but hers was figured on a "formula". Huh...some formula.
    Proud member of the "Don't rush to kill wildlife" clique!



  14. #14
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    Mar. 8, 2006
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    Default

    3 cents??? Good lord, I'd give it back and say " you clearly need it more that me..."

    Seriously, how much more insulting can you get?



  15. #15
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    Jul. 22, 2008
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    Rochester, NY
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    Default

    This is one of the reasons I have chosen to stop working for large corporations or small businesses with large corporation modus operandi. At the pay bracket I am in, those 1-3% increases are very literally pennies. Working for very small businesses, where the people responsible for handing out raises can not only clearly see your contributions but are very directly impacted by them, dramatically increases ones chances if receiving meaningful wage increases.

    That works both ways, of course- if you suck at your job, it's much easier to escort you out the door, there are rarely benefits, and room for advancement is generally non-existant, but it's a trade off I'm content with.

    SO works for a "small" business with no revenue problems (niche industry) and is fundamental to their operation. At his 2012 performance review, he was lauded for his meticulous work, no criticisms to be had, told flat out he was "irreplaceable" (... no one is irreplaceable truly, I know, but it is what he was told, and it may be nearly true in his industry in this area). He received a raise that nets him a grand total of $14/biweekly. Owners are very, very corporate minded, came from CEO positions at large companies.

    Whoo. Hoo.

    He found a better paying job with a very small locally owned company. He starts in two weeks. Soon to be former employer is SOL with no one in the pipeline able to take SO's position. *Shrug* Might have been a different story with a wage increase that reflected his real value to the company.
    bar.ka think u al.l. susp.ect
    free bar.ka and tidy rabbit



  16. #16
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    Jun. 24, 2005
    Location
    Lorena, Texas
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    Default

    DH has had no raises in the 4 years he has worked at his current job. And we took a huge paycut to take this job (the place he was working before shut down its Houston office - they would have moved us elsewhere but increased cost of living would have killed us). I didn't mind the big pay cut so much as it came with certain benefits, but I am sick of seeing him work harder and harder with no raises. Cost of benefits have gone up so he nets less than he did four years ago.

    It is very frustrating (as most of you know). Working harder for less money stinks.
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  17. #17
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    Default

    Quote Originally Posted by Rubyfree View Post
    This is one of the reasons I have chosen to stop working for large corporations or small businesses with large corporation modus operandi. At the pay bracket I am in, those 1-3% increases are very literally pennies. Working for very small businesses, where the people responsible for handing out raises can not only clearly see your contributions but are very directly impacted by them, dramatically increases ones chances if receiving meaningful wage increases.

    That works both ways, of course- if you suck at your job, it's much easier to escort you out the door, there are rarely benefits, and room for advancement is generally non-existant, but it's a trade off I'm content with.

    SO works for a "small" business with no revenue problems (niche industry) and is fundamental to their operation. At his 2012 performance review, he was lauded for his meticulous work, no criticisms to be had, told flat out he was "irreplaceable" (... no one is irreplaceable truly, I know, but it is what he was told, and it may be nearly true in his industry in this area). He received a raise that nets him a grand total of $14/biweekly. Owners are very, very corporate minded, came from CEO positions at large companies.

    Whoo. Hoo.

    He found a better paying job with a very small locally owned company. He starts in two weeks. Soon to be former employer is SOL with no one in the pipeline able to take SO's position. *Shrug* Might have been a different story with a wage increase that reflected his real value to the company.
    and no counter offer made from them? And now they will have to pay a higher salary to get a comprable employee.. Bad move on their part....



  18. #18
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    Jul. 22, 2008
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    Rochester, NY
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    Default

    Quote Originally Posted by Dispatcher View Post
    and no counter offer made from them? And now they will have to pay a higher salary to get a comprable employee.. Bad move on their part....

    At this point, they may have to pay someone to relocate to do what he does. The mentality seems to be more about how much of an increase they would have to give him to meet what he has been offered elsewhere; it just isn't DONE! Very silly.
    bar.ka think u al.l. susp.ect
    free bar.ka and tidy rabbit



  19. #19
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    Jul. 19, 2007
    Location
    Michigan
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    10,447

    Default

    I wish I worked for a large corporation. At least I'd GET a COLA raise. I'll take pennies. Our cheap-ass boss even did a 'holiday party' instead of any sort of bonus. (Which for the line cooks, was scheduled on a Saturday, we got slammed, party started later than intended, and we had to help the chef make the food! We were all so angry we left. Except one who stuck around to help the dishwashers, who were also stuck in back with the line backing up again.) At this point I'd work the register at Tractor Supply if they were hiring instead, but of course no one is really hiring.



  20. #20
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    Mar. 8, 2006
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    Southeast Pennsylvania
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    Default

    Quote Originally Posted by danceronice View Post
    I wish I worked for a large corporation. At least I'd GET a COLA raise. I'll take pennies. Our cheap-ass boss even did a 'holiday party' instead of any sort of bonus. (Which for the line cooks, was scheduled on a Saturday, we got slammed, party started later than intended, and we had to help the chef make the food! We were all so angry we left. Except one who stuck around to help the dishwashers, who were also stuck in back with the line backing up again.) At this point I'd work the register at Tractor Supply if they were hiring instead, but of course no one is really hiring.
    And how did your clueless boss react to all those who left?



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