How is your raise calculated?

How are raises calculated?

When do they kick in?

 

Salaries

hiked by:

Effective

Date:

For every $100

Earned in 2008

you'll earn

notes on implementation
2%April 16, 2009$102.00Granted retroactively
2%October 16, 2009$104.00----------
2%April 16, 2010$106.08compounds the 4% raise in 2009 and amounts to a $2.08 raise over 2008
2%October 16, 2010$108.16compounds the 4% in 2009 and amounts to a $2.08% raise over 2008
3%January 16, 2011$111.28compounds the 4% raise in 2009 and amounts to a 3.12% raise over 2008