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b2b777
LIF Adult
Member since 9/09 4474 total posts
Name:
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Salary caps
Does your job have salary caps? If so, do they still give a standard of living raise?
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Posted 9/26/18 1:22 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
Mill188
LIF Adult
Member since 3/09 3073 total posts
Name:
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Re: Salary caps
We have a salary cap. I haven't gotten a raise in almost 9 years.
I do get a "bonus" each year, but it has been the same amount every single year so no increase there either.
So, no - we don't get a COL increase.
Message edited 9/26/2018 1:49:01 PM.
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| Posted 9/26/18 1:48 PM |
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mommy2B3
2 boys 2 girls!!!!
Member since 7/08 3324 total posts
Name:
M
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Re: Salary caps
I can answer for my DHs company. There is a salary cap for each position, but they get a 3-5% COL raise every year, and depending on position/performance 12-22% salary bonus every year. I don’t know what happens when they reach the cap though, if they still get a COL.
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| Posted 9/26/18 3:25 PM |
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MarathonKnitter
HAPPY
Member since 2/07 17374 total posts
Name:
EMBRACING CHANGE
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Re: Salary caps
from my understanding of things here...
there is a salary cap for each position.
once you reach the cap, you get a yearly (one time) bonus... but i do not know if the bonus or the regular salary is adjusted for inflation/COL. i'll ask.
there are positions that are tied to a yearly performance bonus separate from their regular salary.
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| Posted 9/26/18 5:38 PM |
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KarenK122
The Journey is the Destination
Member since 5/05 4431 total posts
Name:
Karen
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Salary caps
Yes. Every position had a salary cap. No cost of living increases except for those employees that were not salaried. Bonuses fluctuated with how well the business did.
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| Posted 9/26/18 6:39 PM |
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Momma2015
Mommax2
Member since 12/12 6656 total posts
Name:
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Re: Salary caps
Yes and yes.
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| Posted 9/27/18 9:15 AM |
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