How about a non-raise raise?
I worked for a company that got bought out. Their benefits package sucked compared to what we had previously, so they made an across the board adjustment of 3% for everybody in the old company to make up the difference.
Here's a summary of what we lost in benefits:
profit sharing that was running between 3% to 8% per year, average of about 5%
401K match cut by 1/2%, cliff vesting on the match instead of the proportional vesting we had before.
raise pool cut from 4% to 3%
higher employee cost for worse medical & dental.
There were other issues as well, and the new company just hemorraged ... whole department picked up & left. They ended up with a shell of what they bought.
I worked for a company that got bought out. Their benefits package sucked compared to what we had previously, so they made an across the board adjustment of 3% for everybody in the old company to make up the difference.
Here's a summary of what we lost in benefits:
profit sharing that was running between 3% to 8% per year, average of about 5%
401K match cut by 1/2%, cliff vesting on the match instead of the proportional vesting we had before.
raise pool cut from 4% to 3%
higher employee cost for worse medical & dental.
There were other issues as well, and the new company just hemorraged ... whole department picked up & left. They ended up with a shell of what they bought.
