So I just learned that we don't get annual raises, but yearly bonuses that is based on your performance. Apparently you're supposed to take the bonus and divide it between 12 months, holding it in your account and act like it's your raise for the upcoming year in one lump sum.
How on earth is someone supposed to be able to raise a family if they wanted to start one or make new purchases (car, house, etc...). No cost of living raises whatsoever!
Oh and the bonus is subject to taxes. So let's say you make $40,000. 5% bonus is $2000 before taxes. So for the next 2 yrs or how many years you still work there, you will probably get the same or a little more. Ugh, wish someone told me this before I got on board.
How on earth is someone supposed to be able to raise a family if they wanted to start one or make new purchases (car, house, etc...). No cost of living raises whatsoever!
Oh and the bonus is subject to taxes. So let's say you make $40,000. 5% bonus is $2000 before taxes. So for the next 2 yrs or how many years you still work there, you will probably get the same or a little more. Ugh, wish someone told me this before I got on board.
