Cost of Living for Who???
tonia
38 Posts
Hello forum!
We were just given release of a cost of living raise! Woohoo! We do add this increase to our current salary band figures for each job. My question is should "everyone" get this increase?
1. The newly hired employee? What if they are already in the salary band, even with the increase?
2. The employee that is leaving the company within a month of the increase?
3. The recently promoted employee with an increased salary? Do they also receive the increase?
Thanks for all responses!!!
We were just given release of a cost of living raise! Woohoo! We do add this increase to our current salary band figures for each job. My question is should "everyone" get this increase?
1. The newly hired employee? What if they are already in the salary band, even with the increase?
2. The employee that is leaving the company within a month of the increase?
3. The recently promoted employee with an increased salary? Do they also receive the increase?
Thanks for all responses!!!
Comments
best wishes.
We do have some stipulations on merit increases but all of this is driven by policy. .
Also consider, that if you provide COLAs to some, but not all employees, you will be impacting the internal organizational relationships among your employees. When that happens, you will often find supervisors requesting special increases to bring employees back into the former organizational relationship. I would try to avoid getting into that situation.