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2022 step increase
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<blockquote data-quote="Maui" data-source="post: 5370468" data-attributes="member: 45037"><p>Well it wouldn’t be “fixed” if there’s no integrity in raises. What I’ve heard is that steps would occur every year regardless of other considerations like VMX and ACMX. With the exception of topped out employees the last year of 2% was 2020. </p><p></p><p>I’ve heard 2 years of record profits from many people, but FY20 was a bad year. Revenue was down slightly, margin down 300 basis points, and op income was down 40%! </p><p></p><p>FY21 and FY22 were record profit and I do think raises should have been more last year. The random premiums and increases bear that out. We don’t yet know what’s happening this year. This is the second year with those profits and we will find out by next month for raises.</p></blockquote><p></p>
[QUOTE="Maui, post: 5370468, member: 45037"] Well it wouldn’t be “fixed” if there’s no integrity in raises. What I’ve heard is that steps would occur every year regardless of other considerations like VMX and ACMX. With the exception of topped out employees the last year of 2% was 2020. I’ve heard 2 years of record profits from many people, but FY20 was a bad year. Revenue was down slightly, margin down 300 basis points, and op income was down 40%! FY21 and FY22 were record profit and I do think raises should have been more last year. The random premiums and increases bear that out. We don’t yet know what’s happening this year. This is the second year with those profits and we will find out by next month for raises. [/QUOTE]
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