2006-09-22 13:07:59 · 15 answers · asked by need2knwt 1 in Politics & Government ➔ Law & Ethics
Cost of living increases used to be common to keep up with inflation, but not so much any more. Many companies strictly go with the merit increase method. They provide a limited pool of funds to give top performers a moderate raise. Everyone else usually goes without.
2006-09-22 13:14:19 · answer #1 · answered by Joe D 6 · 0⤊ 0⤋
no, many companys never give raises, some give after 3 months and then a year, But at the most they offer a review and maybe a raise.
In todays econnomy many people are acutally earning less today than they did 3 or 4 years ago. Some places are reducing peoples pay now adays to cut back.
In the US there is no promise of any raises at all.
2006-09-22 13:10:20 · answer #2 · answered by Anonymous · 1⤊ 0⤋
They don't even have to give you 2 weeks notice before they fire you. It's not like it is in other countries like England where you are somewhat protected after working there for a time.
The average raise in America is 3% annually. The annual inflation rate averages 5%. This has been going on for 30-40 years, and the effects are now being felt like never before.
There are more working poor in this country now than there has been since we had the boston tea party.
2006-09-22 13:18:10 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Not unless it is written in your contract if you have one. Companie sare required ot pay you minium wages and that is all unless it's a federal or state sponcered job in which the government sets the wages.
Many companies began (during the Carter administration the military started this) contracting out jobs ot contractors who often work theior employees just long enough to keep them on minium wages, lay them off 3 months on unmemployment, and than rehire them. When I lived near a large military base most of the civilian workers were doing this . it resluted in allold workes layed off(a nic eword for fired) and new ones screwed over.
2006-09-22 13:10:55 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Not by law, but many companies will offer, at the very least, a nominal cost of living increase.
2006-09-22 13:09:50 · answer #5 · answered by nljth123 3 · 0⤊ 0⤋
Not neccessarily.
Some companies, primarily publicly-held ones, offer annual merit increases.
Private companies can do whatever they want. One company I worked for didn't give their employees raises for over 5 years, even when they got promotions.
2006-09-22 13:22:35 · answer #6 · answered by Anonymous · 0⤊ 0⤋
There is no law saying that any raises have to be given. My cheap employers gave raises averaging 3%, but the cost of living went up 4% meaning that we lost 1% in buying power. They're going straight to Hell when they die, and I hope it is soon.
2006-09-22 13:14:21 · answer #7 · answered by Anonymous · 1⤊ 0⤋
No, but if you don't get one, something's wrong. Your company is either too cheap to give you a cost of living increase or they don't think much of your work. Regardless, you might want to start looking for a new job.
2006-09-22 13:13:28 · answer #8 · answered by I like Chinese food 4 · 1⤊ 1⤋
Nope.
If you want a salary increase, you'll have to ask for a review, and ask for the salary increase if your review is positive.
2006-09-22 13:11:23 · answer #9 · answered by Anonymous · 0⤊ 0⤋
It's totally up to the company and/or your union contract.
2006-09-22 13:15:52 · answer #10 · answered by Paul P 5 · 0⤊ 0⤋