2005 COLA %

System · August 2004

I know it's early, but has anyone determined what their 2005 COLA increase % will be?

Don D · August 2004

We don't have COLAs and I don't know of many private industry manufacturing firms that do. We pay wages (and determine wage increases) based on the demands of the labor market. We run a salary/wage survey annually and stay abreast of what it takes to be competitive and increase accordingly. If we don't pay enough to attract and retain labor, we need to increase our wages. But not on a COLA basis. I tend to think of COLAs as applying to pensions and things that are set rather than market driven. So, I shouldn't have replied.

dynamite9551 · August 2004

sometimes your local chamber of commerce will have projeted estimates. you can check with them perhaps.

sonny · August 2004

We get a "general" increase annually. . it is based on the COLA for this area. This year it is 2.7%

2005 COLA %

Comments