Friday, February 13, 2009

No raises this year

No raises at work this year. With the economy, there's a very small pool of money for raises. Management set down a rule: raises are to go first to those in the lowest pay grades and with families. The reasoning was that those were the people being hurt most by the current recession, and they'd be able to spread that pool of money among the most people. So the high-paid people like me got pretty much nothing. Which I'm OK with, I'm in a better position to absorb not getting a raise than the guy making $30K.

OTOH, I'm watching the company's financials. When the economy and the company's profitability picks up again, follow-through will be expected.

No comments: