% of salary increases for 2003

Laureen · January 2003

With the economy the way it is, what are your companies doing for raises this year? Also, do you give a COLA raise sometime during the year?

Parabeagle · January 2003

Our standard procedure (has been ever since the economy tanked) is to index increases to the CPI and then add a certain percentage based on merit, this past year the amount available for merit maxed-out at 4%

Cyndi · January 2003

We gave out very little in raises this year. We have a total of 86 employees and maybe 15 received raises. They were an average of 3.5%. We are also doing a reduction inworkforce next week. of 10 people.

knesbitt · January 2003

Our compnay gave 4% increases to all nonsupervisory staff.

wiremanufacturer · January 2003

[font size="1" color="#FF0000"]LAST EDITED ON 01-27-03 AT 04:10PM (CST)[/font][p]We give merit increases to hourly ees on their anniversary date. Salary ee's haven't received a raise in 2 years...in fact we had a reductions last January, got that reinstated in May and had a reduction again in November, haven't seen it back yet.

Pork · January 2003

2% over last year and the Department head had to provide a supporting evaluation to give any increase. No eval no increase! The department head had to opportunity to give one more or less than another, but his department could not go over the 2% total for the department. NO COST OF LIVING INCREASE, WE PAY FOR PERFORMANCE ONLY!

Sunny · January 2003

Last year we averaged 4% on performance-based increases. However, our company has instituted a wage freeze for the first quarter of this year - no increases at all. Things don't look too good in our industry.

Terri B · January 2003

Laureen:

We also only give merit increases to non-bargaining unit employees. Times are tough and the department directors are given guidlines as to how much money they can spend. No COLA here.

Dutch2 · January 2003

Our Board of Directors gave us a Catch 22 this year. They approved a 3% wage increase for those employees meeting their job requirements: but, they also informed us that total wages for 2003 would be the same as 2002. Therefore, we must now reduce our "people overhead" by enough employees to allow the 3% increase.

ThomasG · January 2003

We have a manufacturing site in Iowa and are giving a 3% merit increase.

Duffy · January 2003

We gave a 3% accross the baord on 1/1/03. Our salaries were frozen last year.

% of salary increases for 2003

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