2006-09-29 05:17:28 · 25 answers · asked by cezma 1 in Business & Finance ➔ Careers & Employment
no , you have to ask and beg and plead etc
2006-09-29 05:18:47 · answer #1 · answered by Monkeyphil 4 · 1⤊ 0⤋
As far as I know, firms are not required to give a pay raise each year if the company is struggling or does not meet expectations. I worked for a company that was not making profit and raises were frozen. When this happens, you have to be careful and reconsider staying. Usually, firms do give a cost of living raise though. Although, performance raises may not be given depending on how much profit they made.
2006-09-29 12:25:16 · answer #2 · answered by Mav17 5 · 0⤊ 0⤋
in britain if thats where your from, they have to pay you the minimum working wage which i believe is going to be 5:35 per hour in this october for over 21's. as for pay rise there is a government scheme which a lot of parasitical business owners use. its called PRP profit related pay. depending on how much money the firm makes in a year a percentage is set aside for the employees, only if under the mandate of management with the managing directors approval can it then be given. say the company make 12 million profit post tax, well under PRP 3 percent of that profit can be used as non taxable assets for bonuses if so wished. but theres a catch! the firm may want a stock take to be within 1000 quid either lower or above stock qoutes. fall short no PRP for you.
2006-09-30 03:37:11 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I think most have to give some sort of cost of living rise, because £5 an hour is not worth what it was 5 years ago, but an actuall pay review then no
2006-09-29 12:22:30 · answer #4 · answered by poli_b2001 5 · 0⤊ 0⤋
They dont have to, it depends from each firm to the other and it could also depend on how they are doing and if they have like profit sharing and pay rise. I get a 7.5% pay rise for finishing on a certain performance level, and its quite handy!! But if differs from company to company!!
2006-09-29 12:30:09 · answer #5 · answered by Mr Y! Answers 3 · 0⤊ 0⤋
No, Pay raises can be based on performance, job title and many other reasons. When you were hired, that should all have been explained, and if it was not, then you should ask for a clarification. You have got to under stand that a job is only worth so much money, and the company has to make a profit on you labor in order to pay you, bills, overhead, insurance, lights, and other staff.
2006-09-29 12:30:53 · answer #6 · answered by lookinwood 1 · 0⤊ 0⤋
The answer very much depends on where you live. In the United States there is no requirement for pay raises annually or even at all unless you fall below the federal or state minimum wage.
2006-09-29 12:28:57 · answer #7 · answered by Brian K² 6 · 0⤊ 0⤋
No. They can put a hold on raises if the company is not meeting it's quotas, goals,etc.They do, however have to give you a review of your work once a year at least. Always save your copy of the review..it will come in handy when raises do become available again.
2006-09-29 12:20:21 · answer #8 · answered by vanhammer 7 · 0⤊ 0⤋
No, they generally have to give you a pay review, but not obliged to give you a rise.
2006-10-01 10:06:00 · answer #9 · answered by Anonymous · 0⤊ 0⤋
no they don't pay is just a term in your contract, it is not protected by any law that I am aware of (other than the guarantees of minimum wage) and as such an employer is free to re-negotiate that term to either parties benefit or simply not.
2006-09-30 18:54:47 · answer #10 · answered by ligiersaredevilspawn 5 · 0⤊ 0⤋
No legal obligation in the UK, it just helps keep staff happy :-)
Exception is those on minimum wage - no discussion necessary, but they are obliged to keep in line with increases in the min wage levels.
2006-09-29 12:27:37 · answer #11 · answered by guido74 3 · 0⤊ 0⤋