How is your place of employment dealing with inflation?

[rooster]

Like the title says, anyone getting inflation based raise or bonus or are HR executives everywhere just wondering why they can’t keep good help?

 

[DoggyDaddy]

Not me.

 

[Vodnik4]

Saw my supervisor sitting in front of a mirror, practicing saying “Cope harder” and working on his disdainful expression.
It’s time for end of the fiscal year evaluations/ raises. Hope it’s just a coincidence .

 

[Lpherr]

Reduction in workforce, reduced hours, pay being cut, work load increasing, shut downs...

Can't keep help... whether it's good or not.

 

[foszoe]

3x normal raises and twice a year raise cycles instead of one

 

[Michigan Slim]

My wife got a midyear raise and my employer is giving an 8 percent raise.

 

[GodFearinGunTotin]

I’ll probably be lucky to have my job this time next year.

 

[Frosty]

Honestly, we just went from a family owned business to a nation wide corporation, so I have no clue what’s happening. There’s talk that next month they’ll do evaluations and give pay raises, but I don’t know if that’s from corporate or the rumor mill

 

[woowoo2]

We got an extra 1%

 

[KittySlayer]

Our goal is to keep our pink collar staff in the current tight labor market where finding smart, hard working people is a challenge.

Last fall as inflation was heating up we gave everyone an across the board small raise to bring everyone up a little bit and let them know we knew what was going on in the market.

This year raises are significantly higher than historically given plus an added inflation bonus. We have gotten good feedback and appreciation for this approach.

As an employer we are impacted by inflation too in every expense category.

Inflation and the current tight labor market will not last forever. People chasing advertised starting pay rates may regret their decision when we move from a heated economy to a true recession.

 

[Frosty]

Inflation and the current tight labor market will not last forever. People chasing advertised starting pay rates may regret their decision when we move from a heated economy to a true recession.

I was having this conversation with a coworker the other day, people come in, work a few days, then it’s off to greener pastures. Pretty soon it will be these people out of work because they don’t stay somewhere long enough to prove they’re an asset to the company.

 

[MCgrease08]

I got a one time $1500 bonus in September (minus the cut for .gov). Some employees got a few shares of company stock.

Merit raises will go into effect in April '23 instead of July like they normally do.

 

[Ballstater98]

3%, but then raised our insurance, so essentially no raise.

 

[bwframe]

I am grateful for every bit of work I get. Try not to take anything for granted.

 

[KokomoDave]

Job? What's that??

 

[wtburnette]

We received market rate adjustment raises. Mine was around 5%. That was on top of having just receiving a standard 3% raise a few months prior. On top of that, my manager is pushing for a promotion for myself and one other team member doing the best work. If that goes through I'll get another 10 - 20%

 

[thunderchicken]

So far we've just been informed our insurance rate is going up starting in December.
We're hearing rumors of a longevity raise, but it's the gov't so until it actually happens I don't believe it

 

[Kozaturf]

Unexpected 5% across the board end of last summer. The boss didn't know how things were going to go with freight rates but wanted us to be covered.

 

[littletommy]

We just recently locked in one of the biggest jobs we’ve ever done, and will begin production on it in the next few weeks.

Last year was our biggest earnings year in the history of the company, and we’re ahead of those numbers this year, not even counting the new contract.

We were told last year, when we all got a fantastic bonus, that if we exceeded last years earnings this year, our bonus would be double.

 

[Dean C.]

This was the year to get more compensation IMHO, January got a 9% market adjustment , then in April a big promotion that got me another 25% before the overtime. Word on the street is HR is looking at market adjustments. Work harder