My company just increased everyone's salaries a bit more in an effort to get us back to our original salary levels before the reduction in February 2009.
My salary reduction was 10% last year and my company, through incremental increases, has raised it back 7.5%. So, I just have 2.5% to go before I'm back to my salary level before the reduction. Great news!
4 comments:
What did you just say?? Increase everyone's salaries?? Oh man, why would you increase everyone's salaries nowadays?!
awesome bro, glad to hear it!
Keira-
Yep, everyone received a bump up in pay in an effort to get us back to our regular salaries.
J.Money-
Thanks!
-1MansMoney
Congratulations, and I don't mean to rain on your parade, but you are a bit further behind than 2.5%. Taking a 10% reduction, and then getting 7.5% back works a bit like this:
Start: $100
After 10% reduction: $90 (=$100*0.9)
After 7.5% raise: $96.75 (=$90*1.075)
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