10/16/2013

Jordan Got a Raise....Sort of.

Almost a month ago, I shared with you all that Jordan got a raise.  He had an incredible performance review and was left feeling valued and confident.

Four weeks later and it's all gone to crap.  I won't get into all the details other to say that he works for a company that is perhaps the least organized and professional that I have ever seen when it comes to managing performance/salary expectations.

His pay raise has been reduced from $300/month down to $250/month and he will not receive the increase in pay until November.  Effective November 4th - both pays for the month should show the new rate.  A month of stress, anxiety and b*ll sh*t for $600....it's pretty pathetic that the leadership at his company chose to behave that way.  He will also start getting a flat $40/month to cover part of his cell phone bill has he's expected to take off-the-clock work phone calls.

His new annual salary of $54,400 ($26.15/hour) will net about $68.62 more each pay, or $1.784.13 a year - which is about $462.02 less then we were anticipating. I'll be updating the 2014 budget with the new numbers this week as we get closer to posting it.



Related Posts:

  • Jessie Got a Raise (and a new job!) http://www.risesmart.com/blog I can’t believe it’s been two weeks and I haven’t told you my good news yet, I recently got a raise (technically two), and a new job! Every April, my company goes through a salary review proce… Read More
  • Jordan's RaiseMost of you know that in mid June Jordan was advised of a career advancement opportunity and was promoted during the first week of July.  His second pay in July showed his full pay increase.  I asked Jordan to send … Read More
  • Market Research - Your SalaryOn Monday, I began to talk about how to negotiate a better salary for yourself.  It started with a look at your companies compensation philosophy in general and then a bit about considering your performanc… Read More
  • Salary NegotiationsOver the weekend I shared with you my good news, the raise and new position I recently achieved.  Today I thought I'd share a little bit about the compensation philosophy in general, and how to negotiate a sala… Read More
  • Downsizing Part of our plan to prepare to take possession of our new home is based on financial goals, the other part of that plan is to downsize significantly.  We have accumulated a lot of 'stuff' in the last four years in our r… Read More

4 comments:

  1. Why on earth would they do that? Its stuff like that that makes people want to start job hunting.

    ReplyDelete
  2. That's exactly what happens! He was so absolutely loyal to them and now he's updating his linkedin profile...sheesh.

    ReplyDelete
  3. I had a similar experience... I was told my raise was going to be a certain number and when I got the official paper it was $10,000 less...I started the job hunt that day, lol.

    ReplyDelete

Hi! Thank you for stopping by and leaving a message.

Links ♥

Followers