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This year's COLA 2.4%
Old 09-25-2007, 03:25 PM   #1
Recycles dryer sheets
Join Date: May 2007
Posts: 62
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.
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