I still haven't had my annual review at work yet. My input to it was done a month ago. We have to do a self review, with goals, etc. My boss was sick half of last week, not to mention she is always super busy.
So, yesterday I was processing payroll for our payday on this Friday coming up. I was reviewing the report I print out for the hours, vacations, sick days etc. This report also has hourly wages on it. I almost didn't notice it, but my hourly wage was different. "Oh!, she put in my raise!" Then I blinked again and saw the amount. A whole .48 cents an hour higher than before. I blinked again, honestly thinking this had to be a mistake!
48 cents an hour? Really? One time before my boss was so late getting the actual reviews done she just gave me the raise and eventually did the review. So then I compared all the others that I know report to her to see if they got raises, too. All but 2 (which is strange but I'm sure they will be getting one) also did.....BUT, all of their raises range from $1.00/hour to $2.85 per hour. Ok, I know why the one guy got the $2.85 (new out of college, past his "let's see how he does" phase and got a nice raise - that's how we do it), so even throwing him out of the average, the rest of of them got $1.50 to $2.00 per hour ($3000-$4000 per year) increases. Even our receptionist, who has been with us for years and makes a very decent salary for her job level (I even looked it up - the average salary for a receptionist in our city is $32k a year - she now makes $47k), got a $4000 a year raise!! Last year she got a $2200/yr raise.
I have never gotten less than a $2000 a year raise (my first year and a different, cheap boss), not counting when the economy went to hell and no one got raises for awhile. Most of my raises have been in the $3000-$4000 a year range. Last year was $2400, not high, not low, but I was happy with it.
But .48 cents? That's $1000 a year. That's 1.3% of my annual salary. Now 48 cents an hour would be a decent raise for someone making, say, $10 bucks an hour. I don't consider it even worth it at $75,000 a year salary. That's about $66 per month after taxes. Whoopdedooo :/ Honestly, they might as well not even bothered with it. We had a record sales year last year and this year we are totally killing it already. We broke our monthly sales goal for this month only 2 weeks into the month. So, it's not like the company is cutting back on expenses......as evidenced by the other raises I see went through.
And I, myself, certainly haven't been slacking. Just in the past 2 weeks I made a huge discovery (compliments of the informative CPA I deal with for my side job) that there are some "entertainment" expenses we can be categorizing as 100% deductible and not in the 50% category. In all our years with our company the CPA we use has never once brought this tax savings to our attention. I was so excited to find this out that I called my boss on my way home from work to share the info with her. I just spent a couple of days going through all our 2014 meals and entertainment expenses to see which I can move over to a different expense account. There might be a few more I find but I was able to save us being taxed on over $13,000. This will really be a huge savings on years we have company parties. When we had our 25th anniversary huge party several years ago we probably spent $100k that all could have been 100% deductible instead of the 50% deduction that our CPA had us use. In 2013 we had a large company X-mas/year end party that probably $25k was spent on. I've also come up with some ways to be more efficient and save time/money.
I have a feeling she put the raises through last week, thinking she had this week to get the reviews done and let us know what our raise is before anyone sees their paycheck on Friday. Then she got sick for most of last week and hasn't had time to get them done yet. It will be interesting to see what my boss says when I do get my review. If it's not until after payday this Friday and she says "you got your raise on your last paycheck" I'm going to say "oh, I did? I didn't even notice"!
I probably sound ungrateful and pissy and yes, I guess I am. Honestly, I'd rather hear a "you aren't getting a raise this year, we feel your salary is where it should be" than a piddly 1%. It feels like an insult on some level. Ok, I'm done with my rant....for now.