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2007-01-13 02:02:38 · 8 answers · asked by crackerjax 1 in Business & Finance Personal Finance

8 answers

Your employer has the right to pay whatever compensation incentive he/she chooses. The only thing they are legally liable for is to pay you the federal minimum wage.
Most employers offer raises as an incentive of loyalty. If your employer is choosing NOT to pay raises, then perhaps you should have a discussion with them about that. Ask about the raise. Don't wait for it, go after it. YOU are they only person who really cares about YOUR money.
If after pressing for a raise they choose not to give you one, then it's time for you to seriously consider your loyalty to the company.
A good rule of thumb on how much you should ask for: Between 2.5% and 4% per year. So if you make $50,000 and it's been 2 years since a raise, you should shoot for somewhere between $52,531 and $54,080. Basically multiply your CURRENT pay by whatever percentage you feel is fair, then multiply that product again by the percentage you think is fair. So (current pay x raise%) = pay. Then (pay x raise%) = what you should ask your boss for.
Feel free to email me for any more specific advice based on your actual income!
One more thing: getting paid is WHY we work. Sure, there are other rewards to be gained, but don't let anyone fool you: you go out there and get what you feel you deserve.

2007-01-13 02:50:05 · answer #1 · answered by Anonymous · 1 0

Unfortunately, it is legal. Unless you have a contract with your employer, he/she can pay you whatever your employer deems necessary so long as it is not under the state minimum wage. The current federal (applicable to all states) minimum wage is $5.15 although some states have raised their minimum wages. For a list of all the states and their respective minimum wages:

http://www.dol.gov/esa/minwage/america.htm

The only measure of what you should be getting paid is by asking others who have similar jobs what they are getting paid. Then you should decide whether or not you can get more money elsewhere.

2007-01-13 20:24:23 · answer #2 · answered by jeffrey3 1 · 0 0

Yes, unless it's not at minimum age-When is the last time you had a performance review? if you havent had one- ask for one-Tell your boss you would like to know how you are performing and what steps are needed to get to the next level of pay-If you don't get a firm anwser you might find a job that treats it's employee's better.

2007-01-13 11:58:10 · answer #3 · answered by gregg s 2 · 1 0

hmm...depends on what amount of mininum wage
You dont need to be afraid to have face to face to your boss and ask for the raise. MOst bosses say okay! sometimes they tend to raise by up to 10 percents of your hourly wage.

2007-01-13 13:55:38 · answer #4 · answered by starsgirl021687 2 · 0 0

Not sure, but since the minimum wage got a raise...tell your boss now is time.

2007-01-13 10:08:12 · answer #5 · answered by ♥ Karen ♥ 4 · 0 0

maybe try askin for a raise or start lookin for a new job

2007-01-13 10:12:44 · answer #6 · answered by keith T 1 · 0 0

Yes.

2007-01-13 20:12:31 · answer #7 · answered by Anonymous · 0 1

Not

2007-01-13 10:34:46 · answer #8 · answered by me k 1 · 0 0

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