I agree with what everyone else said. While many companies do make raises retroactive to a specific day, they are not required by law to. It is a benefit, a perk. Many companies will put into writing their raise/review policies. Check your employee handbook.
In my personal experience large corporations have set days that raises are put into effect, despite the actual day of the review, for accounting purposes. Most small companies I have worked for make it for the first pay period after the review.
But again, check your employee handbook.
2007-09-11 07:07:19
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answer #1
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answered by turtle78jgw 3
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You will have to check on the companies rules on that, even though you are due the review in May and it gets done in September, you just might start getting paid from the September date of the review.Retroactive pay may not be authorized.You are also assuming that you will actually get a raise,that is not necessarily true, you could get the review and not a raise. I hope you get the raise but companies can really mess you up, they just showed you just how important you are, making you wait for several months after your due review to get around to it, just a thought..
2007-09-11 07:08:07
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answer #2
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answered by sirmrmagic 6
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Your friend is very wrong. Your employer is not legally required to give you a raise at all if he/she so chooses. Furthermore, you review is nothing more that a report card on your performance and is not tied to raise. Most companies do give merit raises based on your review, but the are two seperate things.
2007-09-11 07:04:54
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answer #3
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answered by CogWork 2
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I doubt it - my company used to give raises on Jan 1, but we were bought by another company and the bosses didn't get all the reviews done until March - we got raises in March - NO retro pay. They are not even required to give you a raise period.
2007-09-11 07:01:59
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answer #4
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answered by Anonymous
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Unless you have an explicit employment contract that states so any raise will be effective whenever the boss says it is.
Your friend doesn't know what he's talking about. You have no legal entitlement to a raise nor do they have to give you one at any specific point in time.
2007-09-11 07:02:04
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answer #5
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answered by Bostonian In MO 7
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It's not law.... A company is under no obligation to give you a raise in the first place.
2007-09-11 09:59:20
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answer #6
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answered by Anonymous
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I see so much of this here. "My friend told me."
What are your friend's qualifications for making such a statement???Did you ask him??
2007-09-11 07:09:17
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answer #7
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answered by Barry auh2o 7
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