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This year's raises
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<blockquote data-quote="Oldfart" data-source="post: 3035499" data-attributes="member: 64407"><p>A % raise is the fairest way to give raises. That way everyone gets the same % based on their present salary, but not the same $ amount.</p><p></p><p>Consider this. Fedex decides they want to raise their rates. If they raise rates a certain %, everyone's rate will increase the same % based on the rate their package cost. If you raised everyone's rate the same $ amount, cheaper packages would increase a bigger %.</p><p></p><p>Example. Fedex raises rates 5%. $100 package goes up $5. A $20 package goes up $1. Very fair to everyone.</p><p></p><p>Fedex decides to raise everyone's package by $5. A $100 package goes up $5. A 5% increase. A $20 package goes up the same $5. That is a 25% increase. Is that fair to the $20 shipper?</p><p></p><p>It is the same principle on raises.</p></blockquote><p></p>
[QUOTE="Oldfart, post: 3035499, member: 64407"] A % raise is the fairest way to give raises. That way everyone gets the same % based on their present salary, but not the same $ amount. Consider this. Fedex decides they want to raise their rates. If they raise rates a certain %, everyone's rate will increase the same % based on the rate their package cost. If you raised everyone's rate the same $ amount, cheaper packages would increase a bigger %. Example. Fedex raises rates 5%. $100 package goes up $5. A $20 package goes up $1. Very fair to everyone. Fedex decides to raise everyone's package by $5. A $100 package goes up $5. A 5% increase. A $20 package goes up the same $5. That is a 25% increase. Is that fair to the $20 shipper? It is the same principle on raises. [/QUOTE]
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