Yes, GilloD, for the most part. However, due to the recession, many companies are either freezing raises or reducing them drastically.
Yes, yes it is. (For people with real jobs only).
Only if you work for the government.
Yeah i dun think FoC knows how it works :lol
Dutch experience:
You can expect a 2-3% raise if just go along with it.
Current situation has a lot of companies freezing pay, so that's a realistic possibility too.
I got a letter stating there will be no pay raise or bonus this year. My boss handed it over and said, this doesn't apply to you *wink*. Why hand it out then?
Dutch experience:
You can expect a 2-3% raise if just go along with it.
Current situation has a lot of companies freezing pay, so that's a realistic possibility too.
I got a letter stating there will be no pay raise or bonus this year. My boss handed it over and said, this doesn't apply to you *wink*. Why hand it out then?
Probably because he needs to be seen giving it to everyone. But if your work is like mine, raises and pay aren't supposed to be discussed between employees.
They froze raises at my workplace as well.
Only if you work for the government.
A lot of places have frozen pay, but the big super-scam that's going on is the supposedly temporary suspension of 401k matches. That equates to a much larger loss in effective pay than frozen wages do. Honestly, I don't expect them to come back anytime soon either.Definitely. There would be no incentive from them to reinstate matching unless they are forced to.
Basically knocks out one of the three pillars of an already shaky retirement planning model here in the US. If companies don't start contributing back after the recession ends they should pass legislation coercing them to do so.