This year's COLA 2.4%
Anyone with a June or September year end at w*rk, what was your COLA this year?
September is our fiscal year end, and this year's number is 2.4%.
Actually, it's not a straight COLA for us. It is based on your annual review:
does not meet expectations = COLA x .5
meets expectations = COLA
exceeds expectations = COLA x 1.5
And of course the executive team explains every year that only 10% of employees should be rated exceeds. [They do allow "meets+" to be applied to a few people as well, for COLA x 1.25, but they never tell new managers that is an option, or talk about it at meetings. We at the mid-level always make sure newer managers are aware.] Unless there is an official promotion, you have to fight for anything over this.
The last few years our base COLA has been between 3 and 3.6, so I'm wondering how others fared, and if you get merit increases on top of a COLA.