Our company does the fairly normal 3% yearly merit increase pool. That means managers take 3% of the total salary of their teams, and have that money available for merit increases. Even though 3% is a small number, our company further reduces it by not processing increases until April and then withholding 30% of the given increase until October. This policy effectively caps the yearly increase to 1.8%. It’s just another example of our company’s extreme cheapness.
Our company does the fairly normal 3% yearly merit increase pool. That means managers take 3% of the total salary of their teams, and have that money available for merit increases.
Even though 3% is a small number, our company further reduces it by not processing increases until April and then withholding 30% of the given increase until October. This policy effectively caps the yearly increase to 1.8%.
It’s just another example of our company’s extreme cheapness.