2007 Salary Increases

Rockie

Has anyone set their percentage of increases for 2007?

Dutch2

All I know so far is that last week at our Cabinet meeting our CEO and our COO announced that they are voluntarily freezing their salaries for next year due to the anticipated extra tight margins in 2007. Wage increases may be "slim pickin's" around here for 2007.

NaeNae55

Our 2007 fiscal year started October 1st. At that time employees and supervisors got 3%. Our managers get their raises on January 1st. We have budgeted 3%.

Hope this helps.

Nae

neveradull

2% on January 1.

sonny

Across the board 5% on 10-1.. .based on COLA in this region.

drehil

4.5% on Anniversary Date

HRinGA

3%

This year we went with 2% and almost had a revolt on our hands. Horrible for morale even though that reduced rate saved some jobs.

System

We're in the final stages of preparing the 2007 Raises survey for HR Hero Line (our weekly e-zine here at M. Lee Smith). All HR Hero Line subscribers should get an email on Dec. 4 with a link to the survey. We'll report the results in the Dec. 15 issue of Hero Line.

Not only will you be able to see what kinds of raises companies are planning to give their employees next year, but you'll also be able to filter the results and see what employers in your state or of your size company are doing.

If your not already a subscriber, you can go to [url]http://www.hrhero.com/enewsletter.cgi[/url] and sign up. You can't beat the price - it's free.

gingerflwrs

3% - private manufacturing company

owenlady

We have budgeted 4% for 07.

E Wart

In 2005-06 we budgeted for 3% "average". In o6-07 is it between 3-4%.
E Wart

Wildsporty

4% on January 1st across the board...supervisors, staff, etc.

Instead of giving a larger salary to the managers and supervisors we were able to go 4% on everyone instead of 3% with a larger percentage for the higher end staff.

WO

We also did an across the board 4% increase for all non-represented employees.