2007-10-28 04:06:50 · 13 answers · asked by Marissa L 1 in Business & Finance ➔ Credit
No, I had to wait eighteen months for one! (GB)
2007-10-28 04:10:22 · answer #1 · answered by ezekiel 5 · 0⤊ 0⤋
No not necessarily.
Although what governments tend to do is to increase minimum wage so that those on lower incomes may not feel left out.
Also if a company increases your pay by upto 3%, this is not a payrise! This is not an increment but simply to compensate you to cover the cost of inflation. Therefore when your company advertises that they have increased your pay by that amount, think again. These are under false pretenses.
A pay rise or increment would equate to that of which is above the rate of inflation and plus anything in addition to that. This would all depend on actual company performance.
2007-10-29 13:15:16 · answer #2 · answered by Jeno 2 · 0⤊ 0⤋
Not unless it is contractual. Any pay increase, that is given, is at the will and pleasure of the employer. It is also given so as to keep employees, or attract newer employees, who would go to another company, that was paying a better wage. The only other consideration is the benefits that are given, and at what cost to the employees.
2007-10-28 04:23:14 · answer #3 · answered by Beau R 7 · 0⤊ 0⤋
No. The law only cover minimum wages and only for certain types and size of business. If you have a work contract your wage or salery increases should be stated.
2007-10-28 04:10:22 · answer #4 · answered by organbuilder272 5 · 1⤊ 1⤋
Only for social security benefits and VA compensation. (which are usually very little)
Regular jobs are not required by law unless stipulated in an employment contract.
2007-10-28 04:12:01 · answer #5 · answered by Sgt Big Red 7 · 0⤊ 0⤋
No way...Oh that it was...some professions have an annual increase, but there is no legal requirement for every job to have such an increase...there have been occasions when for economic reasons, the rate of pay has gone down.
2007-10-28 04:10:36 · answer #6 · answered by Knownow't 7 · 1⤊ 1⤋
If its in your contract of employment it is part of an enforceable contract eg teachers as they gain experience go up a pay scale but otherwise no
2007-10-28 06:06:46 · answer #7 · answered by Anonymous · 0⤊ 0⤋
No sometimes you might get a cost of living rise more likely if you work in the public sector
2007-10-28 04:10:59 · answer #8 · answered by Carla A 5 · 0⤊ 0⤋
No the law only provides for minimum wage. Raises are your employer's option's.
2007-10-28 04:10:17 · answer #9 · answered by aswkingfish 5 · 1⤊ 1⤋
No,not by law
2007-10-28 06:03:53 · answer #10 · answered by astonite40 5 · 0⤊ 0⤋
No, only min wage after that its to be discussed with your boss.
2007-11-01 01:28:52 · answer #11 · answered by emleigh 3 · 0⤊ 0⤋