Q on pay, raises, compensation OT

iVillage Member
Registered: 12-12-2004
Q on pay, raises, compensation OT
12
Sun, 03-05-2006 - 12:05pm
Good morning, everyone. This is a question that has been on my mind for awhile. I noticed in several posts that many of you have gotten bonuses, raises, COL increases, etc. I realize it might be a little off topic, but in some ways, it is relevant, because it can affect your budget, how you can pay off something quicker, etc. DH didnt get a raise this yr (annual) because of the company's troubles, layoffs, etc. That I can understand. However, he did get a new generous starting salary at the new company. For me, there are no annual raises. If there is an increase in salary, it is due to a cost-of-living thing that happens if the competitors give raises, and then it is select departments that get it.. I did work for a company once that gave raises once or twice every 5-8 yrs. One company I worked for did give annual raises, but no COL based on what competitors were paying. How many of you get annual raises? What are COL anyway? Say your competition gives everyone a 7% raise, but their base salaries lag behind others.? Whiz.

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iVillage Member
Registered: 03-27-2003
Mon, 03-06-2006 - 8:21pm

DH is college faculty. There was a raise for cost of living after our first year here but it's not an annual thing and with all the cuts in higher education it seems unlikely he'll get a raise anytime soon. You do generally get an increase in pay when you get tenure although not always. There is a pension plan so no matching 401K's or anything like that and our insurance costs have had substantial increases every year we've been here.

Taleyna

iVillage Member
Registered: 12-12-2004
Tue, 03-07-2006 - 12:50am
Hi, Taylena. I thought (maybe misinformed) that if you get tenure, you get more vested into pension, i.e., matching contributions, etc.?? The traditional pension is disappearing. Can't understand why insurance would go up, though? I thought insurance only went up if you were P.T.? WHiz.

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