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Are raises guaranteed each year?
Are raises guaranteed each year?
No. Even if an employee meets eligibility criteria, raises are not guaranteed and depend on multiple factors, including company performance.
When do raises go into effect?
When do raises go into effect?
Approved raises take effect on the first Monday of the new calendar year and will be reflected in that year’s first payroll.
Do Annual Evaluations automatically result in a raise?
Do Annual Evaluations automatically result in a raise?
No. Evaluations inform raise decisions, but not all evaluations will result in a pay increase.
Can employees receive a raise outside of the annual cycle?
Can employees receive a raise outside of the annual cycle?
Yes. Raises may occur outside the annual cycle if tied to a promotion, role change, or other justified adjustment, at leadership’s discretion.
How will employees be notified of their raise?
How will employees be notified of their raise?
Supervisors or HR will communicate raise decisions directly during or shortly after the Annual Evaluation period.
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