How is your company/business dealing with cost of living increases this year?

Jan 13, 2022
1:08:10pm

CaliWG All-American

With inflation getting out of control I know there are many businesses in a tough spot that traditionally give annual raises based on the cost of living. How is your company/business approaching this issue?

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CaliWG

Bio page: CaliWG
Joined: Feb 8, 2005
Last login: Apr 25, 2024
Total posts: 24,078 (1,530 FO)

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Messages

Author

Time

How is your company/business dealing with cost of living increases this year?

CaliWG

1/13/22 1:08pm

They use a market reference to set pay, so it largely depends on what others do.

SalmonOfCapistrano

1/13/22 1:09pm

When I worked in corporate and salary raises came around, I was always surprised

crack

1/13/22 1:22pm

We’ve increased the wages of our front line/hourly workers, everyone else

brazilcoug

1/13/22 1:11pm

I gave 25% to match the amount of extra money printed by the government

OU Cougar

1/13/22 1:12pm

Increase costs to customers. Stiff employees.

JuicyJam

1/13/22 1:13pm

Mine doesn't

Pro Logic

1/13/22 1:15pm

I'll find out next month. I'm hoping to get enough to cover inflation, but

Mister P

1/13/22 1:19pm

Pretending it does not exist. Budget for raises did not change - 3% of salary

PaxDog

1/13/22 1:20pm

Raising prices and giving employees raises

wabluecoug

1/13/22 1:23pm

They aren't. No COLA for us. No regular increases in a normal year.

Eddie

1/13/22 1:26pm

Mrs Crack's company hasn't said anything - but I think she might handle it on

crack

1/13/22 1:28pm

Our overall U.S. salary increase was 7.7%, highest in years if not highest ever

NOCAL_YFAN

1/13/22 1:48pm

"We don't cut wages when there's deflation so we don't plan to match inflation"

mottman

1/13/22 1:49pm

Yeah, run from a company that says that.

NOCAL_YFAN

1/13/22 1:52pm

They aren't wrong

FatThor

1/13/22 2:16pm

...because there aren't years when deflation is a real thing in the US

SalmonOfCapistrano

1/13/22 6:40pm

But when inflation is 1-2% I still get better raises

FatThor

1/14/22 3:08pm

They will feel wrong when they start losing employees and have to try and

Charles Darwin

1/14/22 10:28am

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