Quick Survey
LFernandes
314 Posts
Hi Everyone,
Here's my question:
What were your 2003 increase percents and what do you anticipate 2004's to be?
Do you give a merit increase based on performance, just a COLA or a combination of the two?
Do you do annual reviews on anniversary dates or once a year?
Your input would be greatly appreciated!
LFernandes
Here's my question:
What were your 2003 increase percents and what do you anticipate 2004's to be?
Do you give a merit increase based on performance, just a COLA or a combination of the two?
Do you do annual reviews on anniversary dates or once a year?
Your input would be greatly appreciated!
LFernandes
Comments
Begin edit: Sorry I didn't mention review dates.
Reviews are done on employment anniversary date or promotion, position change anniversary date. Raises "used" to go into effect on anniversary dates. We are currently on a six month delay in receiving increases. So, if your anniversary was January 6th, your increase effective date is now July 6th.
Now: I will begin to vent: Our crack compensation administrator is more than 3 months behind on completing the salary plan, so actually raises aren't going through yet, so the 6 month delay is 3 months in arrears. Grrrrrrrrr, and there's no telling when increases will begin.
You are also eligible for a merit increase from 0-5% (on top of the above)
Reviews are done one a year in August, prior to fiscal year 10-1.
First review is 6 months, and then at one year. We get them into our annual review cycle in December as soon as possible, right before raises.
Our 2003 general increase was 4% for non-exempts only; exempt employees did not receive an increase this year. For 2004, the budget projection is 3% for both exempt and non-exempt employees.
First performance appraisal is after 500 hours (our orientation and training period); thereafter, it is annual within the month the emlpoyee's anniversary occurs. There is no increase attached to the performance review.
We do our increases the same way, but I wonder what you tell supervisors when they ask you "why the decrease?"
We dropped our base from 4% to 3.25% and some managers are upset. We get our information from a local survey company. I am not sure how to answer.
Any help would be appreciated.
Thank you,
Njm
Performance evaluations occur one year from the previous evaluation, but are not tied to the raises. Raises may occur anywhere from 6 months to 18 months with 12 months being the standard.
CY2004: Dur to a better economic outlook, all employees received a 3% raise, in part to make up for the lack of a raise last year. About 10% of our work force recived an additional 3% (total of ~6%) based on exceptional performance during CY2003.
All employees receive an evaluation in December, to tie in with possible performance raises in January.
Raises are mostly merit based, but there is an informal minimum for EEs that are in good standing that looks a bit like a COLA.
We expect next years to be 4%.