I gave up 5% along with everyone in the company, the executives gave up a bit more. They restored the 5% this last summer cause they finally made a profit, haven't really had a raise for a few years now, I just got back up to even. No hourly people lost money per hour, just lots got laid off, most are back now. No Union where I work.
People are at the mercy of their employers. As time goes on employers have less and less mercy
Is that a typo TM7? Did you mean to say...as time goes on employers have less and less "money"....?
If that's what you meant, I agree...our company went without profits for a couple years, they did some big cuts, they are still cutting at the salary mid level in management. Not sure when the cuts will end, they might head up to a higher level next I think. But at least now the place has been turning profits, and the goal is to try to get our manufacturing into one spot someday, so it's not so spread out at our location.
I'm glad they are cutting back, we have been for several years, if we would not have done that we would have been wiped out, this place likes to run on cash, and has been for sometime, but the years of no profits drained a lot of that. They can pay all the employees and vendors off in cash without the bank. Non union there. They tried to come in but the hourly people didn't want them.
We get fair pay, raises were always there whenever there was a profit, and bonuses only get paid if there is a profit. So I guess it's up to us there to do our best to help them make money, always looking for a way to cut costs in my area. If the company is healthy so are we. It's not a one way street, they don't owe us anything except a fair days pay for fair work. you don't give them that that will get rid of you. They choose to follow seniority for layoffs for hourly most the time, they have exceptions...if someone is very VALUABLE to them they will stay and there is nothing anyone can do about it, they make those rules. I don't have a problem with that myself, I'm salary and they can do whatever they want to us no questions asked, but some do have a problem with that...but you can't please everyone even if you have a union eh? People complain and moan there too.
The company has to be healthy for people to stay there, and be happy and paid decent, when any business is always on the edge or in the red, you just don't have the money for a raise sometimes. I don't know if unions force more pay out of companies when companies are not making a profit...but if they do it's not very smart, because it all will crash sooner or later. Maybe...just maybe...there were a few times when unions pushed for more money when they should have been more worried about the health of the company. You can't force any more raises after the company is gone.
anyway...no raises here...overall pay is down about 11 thousand per year since times were better there....but maybe it will come back slowly. Hopin anyways.