anyone ever hear of such a thing?
for example….
say you join a company, oh say… march 27 of a year. the company does an annual performance review and salary process starting at the beginning of the year… you’re evaluated on your contribution to the company from january to december of the previous year. the raise goes into effect every april.
so… i guess it makes sense to prorate the raise since if you started march 27th; you haven’t been around for the full year. but by the time the raise goes into effect, you pretty much have… and the raise is in effect for a FULL year… so in essence, you are being prorated the raise amount, but it is being applied for a year. and it sucks, say you got a 8% raise, but you’re prorated 75% or something, that means your 8% raise is now only 6%. now… imagine what happens if you didn’t even get a 8% raise. what if you got the rate of inflation? then it’s prorated and you got less than the rate of inflation!!
anyone ever hear of this? is this pretty standard? the only other company i’ve ever worked out gave annual reviews and raises on your annivesary date so there was no need to prorate.
1 response so far ↓
1 Erica // Apr 12, 2007 at 7:30 pm
I got a pro-rated raise at 6months that lasted for 6 months (until the normal performance review cycle) and then got the rest once the review period was over. But then I had the whole amount for the next year. Unfortunately, mine was different because I started near the start of the cycle. I’m still trying to figure out if what they did to you is fair - I think they should give you another raise in 3 months so that you’ll be on track until the cycle finishes.
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