Prorated Raise
weed30 St. Louis
17 years ago
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I am trying to get a grasp on this. My company is changing to a universal date, (April 1), to do all salary increases. If you received an increase within the past 11 months, (I think!), then your raise is prorated.
SO....Say you received a raise at your annual date which was July '06. That is 8 months until the new review/raise date of April 1 '07. If your raise is 4%, does that mean you actually only receive 2.7% until next April?
If you received a 2% raise in July '06, how does that figure in to your actual annual salary for the time period of April '07 to April '08?
steve_o
weed30 St. LouisOriginal Author
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