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COL Survey

athereseatherese 43 Posts
in HR & Employment Law Vote Up0Vote Down
I am interested in hearing what percentage everyone is doing for cost of living and merit increases for 2003-2004 fiscal year. Thanks for your help.
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  • LeslieLeslie 1,729 Posts
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    >I am interested in hearing what percentage everyone is doing for cost
    >of living and merit increases for 2003-2004 fiscal year. Thanks for
    >your help.


    Our increases are based on performance - 2% for satisfactory, 3% for commendable, 4% for outstanding. Each position has a maximum, at which point an employee is redlined. We have no lump sum basis for longevity, and haven't had a COL in years.
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  • Dutch2Dutch2 1,590 Posts
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    We also have not had a COL in years. Any incrases we give are based on merit and are determined by the ratings on each EE's evaluation. This year is the least amount in severaly years... only 2% to 2.5% for most everyone.
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  • scanteyscantey 94 Posts
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    [font size="1" color="#FF0000"]LAST EDITED ON 04-25-03 AT 12:15PM (CST)[/font][p]We also have not had a COL in years but our maximum amount allowed this year is 5%. I thought that was low- till I read the other posts...WOW times are tough!
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  • ritaanzritaanz 2,665 Posts
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    We, also, grant increases strictly on work performance. This year we budgeted 4%. We use the COL increase as a guide to adjust our grade ranges. We had a wage freeze from 4/2001 to 3/2002.
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