01-07-2008, 11:15 AM
More anecdotal evidence!
My current employer keeps a lower than industry standard turnover rate (which is surprising considering how difficult he is to work with), and has more employees that have worked for him more than 10 years than practically any other employer in his industry. He accomplishes this by paying well over industry standard. I moved there for a 37.5% increase in pay, the counteroffer from my previous employer was a 12.5% raise.
Now, my current employer is very interested in results and performance. One employee was recently given a -10% performance based raise. My employer finds and keeps good people by rewarding their work generously and without solicitation, and he weeds out those who can't hack it quickly.
But for the subject at hand, to me, a 0% raise is an invitation to start taking two hour lunches, maintaining habitual lateness, and interviewing elsewhere. For a cost-of-living raise, I'd still come in on time, but if I felt I had done better, I'd be looking elsewhere too.
Funny story though, my girlfriend had her annual review, was given a 3% cost of living raise and the maximum allowable merit-based raise of.....3%. No joke. never, ever, take a union job.
My current employer keeps a lower than industry standard turnover rate (which is surprising considering how difficult he is to work with), and has more employees that have worked for him more than 10 years than practically any other employer in his industry. He accomplishes this by paying well over industry standard. I moved there for a 37.5% increase in pay, the counteroffer from my previous employer was a 12.5% raise.
Now, my current employer is very interested in results and performance. One employee was recently given a -10% performance based raise. My employer finds and keeps good people by rewarding their work generously and without solicitation, and he weeds out those who can't hack it quickly.
But for the subject at hand, to me, a 0% raise is an invitation to start taking two hour lunches, maintaining habitual lateness, and interviewing elsewhere. For a cost-of-living raise, I'd still come in on time, but if I felt I had done better, I'd be looking elsewhere too.
Funny story though, my girlfriend had her annual review, was given a 3% cost of living raise and the maximum allowable merit-based raise of.....3%. No joke. never, ever, take a union job.
horizontally opposed>*