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Old 04-06-2019, 08:24 AM
 
708 posts, read 778,259 times
Reputation: 1753

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I asked about COLA after receiving my rating and I was told we don’t get those unless you negotiated it as a part of your salary when you were first hired. I had never heard this before and was taken by surprise to be honest. So raises are totally dependent upon performance, same as bonuses. No raise received because I was “too new” to be considered against those who worked the full year, yet I received my bonus prorated for the days I worked.

I have to agree that bonuses being a one-time payout is more favorable to the company than raises. Bonuses can can change at any time and can disappear when the profits aren’t good for a particular year. Raises and salaries are permanent- and that’s why if I have to make the choice I would choose a higher salary over a bonus with the way companies operate now.
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Old 04-06-2019, 06:07 PM
 
365 posts, read 91,432 times
Reputation: 725
As far as I know the only people who get that are public sector, union, or highly in demand skill sets. In general, this is why many people shift companies every 5 years or so, as their salaries fall and they lag the market.

I poached several high quality resources from IBM because of this.

Last edited by GhostOfAndrewJackson; 04-06-2019 at 07:24 PM..
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Old 04-06-2019, 07:01 PM
 
3,583 posts, read 1,383,703 times
Reputation: 7034
old quote:
the Cost of Living is Constant.
it is Everything you Make and a little more.
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Old 04-08-2019, 08:21 AM
 
Location: Between West Chester and Chester, PA
2,604 posts, read 2,306,153 times
Reputation: 4436
Where I work, the CoL increase is a measly $.25 more per hour. It's pathetic and laughable. However, the mindless cultists think it's great and so does the company owner. >rolls eyes<
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Old 04-08-2019, 09:12 AM
 
Location: Chandler, AZ
2,296 posts, read 1,162,102 times
Reputation: 5412
Quote:
Originally Posted by Creature of the Wheel View Post
Where I work, the CoL increase is a measly $.25 more per hour. It's pathetic and laughable. However, the mindless cultists think it's great and so does the company owner. >rolls eyes<
If it's "pathetic and laughable", why do you work there?
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Old 04-08-2019, 09:25 AM
 
Location: Tennessee
23,592 posts, read 17,589,896 times
Reputation: 27682
It's 2% here if you meet expectations, 1% below that. There's no distinction between a 3 and a 5.
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Old 04-08-2019, 10:05 AM
 
Location: Small community in the California Sierra Mountains
119 posts, read 47,624 times
Reputation: 206
2.5 yrs ago it was 3% and that was dependent upon Governor Jerry Brown signing a bill which he did.


Just picketed the Capitol recently. If Governor Newsom signs, I expect about the same but it could be zilch or 4+% more, realistically.

Last edited by MrsLakota; 04-08-2019 at 11:30 AM..
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Old 04-08-2019, 11:07 AM
 
Location: Between West Chester and Chester, PA
2,604 posts, read 2,306,153 times
Reputation: 4436
Quote:
Originally Posted by jnojr View Post
If it's "pathetic and laughable", why do you work there?
Because there are other companies in the area who are far, far worse. I've been on the lookout for something better for over a year now. I need to choose wisely.
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