Today at work I found out that my raise for this year is…zip. My company has been affected by the market downturn and there’s no telling how much work we’ll have in the near future. Right now my CFO wants to be cautious and not increase their fixed costs, so no raises for anyone. I’m really grateful to have a good job, and it’s comforting to know that salaries were frozen across the board (no executives got raises either). I’m not exactly surprised by the freeze but it has shaken my confidence a bit. Thank goodness we’re financially stable and weren’t counting on a raise!
How about you? Are you getting a raise this year? Is your boss?