Comments on: Can You Give Yourself a Raise? http://toughmoneylove.com/2009/04/13/give-yourself-raise/ The Hard Truth about Money and Personal Finance Mon, 15 Mar 2010 15:37:50 +0000 http://wordpress.org/?v=2.9 hourly 1 By: sigh http://toughmoneylove.com/2009/04/13/give-yourself-raise/comment-page-1/#comment-4649 sigh Fri, 05 Jun 2009 05:31:27 +0000 http://toughmoneylove.com/?p=3173#comment-4649 Doesn't matter how hard we work where I work, nobody gets a raise EVER.. unless you're a hardcore kiss-ass. Also, It's great to hear that people in the office are getting $100,000 christmas bonuses while the rest of us try and live off of our 4 day paycheck (because times are tough and we can't afford to run on fridays.) and scrape together a meager $265.00 I need to quit. I don't recommend working for small business. EVER. Corporations for me from now on. Doesn’t matter how hard we work where I work, nobody gets a raise EVER.. unless you’re a hardcore kiss-ass. Also, It’s great to hear that people in the office are getting $100,000 christmas bonuses while the rest of us try and live off of our 4 day paycheck (because times are tough and we can’t afford to run on fridays.) and scrape together a meager $265.00

I need to quit. I don’t recommend working for small business. EVER. Corporations for me from now on.

]]> By: MasterPo http://toughmoneylove.com/2009/04/13/give-yourself-raise/comment-page-1/#comment-3982 MasterPo Thu, 16 Apr 2009 02:29:12 +0000 http://toughmoneylove.com/?p=3173#comment-3982 We spent how many BILLIONS$$$ of tax payer dollars to bailout GM and they are *still* going to go chapter 11? But don't worry. Obama and gang know what they are doing. Generating $10 TRILLION in debt will be paid off later in economic growth with no inflation or interest rate spike. You'll see. They know what they are doing. We spent how many BILLIONS$$$ of tax payer dollars to bailout GM and they are *still* going to go chapter 11?

But don’t worry. Obama and gang know what they are doing. Generating $10 TRILLION in debt will be paid off later in economic growth with no inflation or interest rate spike. You’ll see. They know what they are doing.

]]> By: Irina I http://toughmoneylove.com/2009/04/13/give-yourself-raise/comment-page-1/#comment-3969 Irina I Wed, 15 Apr 2009 06:18:28 +0000 http://toughmoneylove.com/?p=3173#comment-3969 Great post! As a recent college graduate (December 2008) working in a consulting firm, I have to say that I mostly work hard to build my skills and my professional reputation. It is not so much for the bonus, although that is nice. But I also work in a very supporting firm where my efforts are recognized by upper management, so that definitely helps, too. As for taxes...they are awful. And what is more frustrating is what our government has done. My generation (Gen Y) will end up paying for this for years to come. Great post! As a recent college graduate (December 2008) working in a consulting firm, I have to say that I mostly work hard to build my skills and my professional reputation. It is not so much for the bonus, although that is nice. But I also work in a very supporting firm where my efforts are recognized by upper management, so that definitely helps, too.

As for taxes…they are awful. And what is more frustrating is what our government has done. My generation (Gen Y) will end up paying for this for years to come.

]]> By: MasterPo http://toughmoneylove.com/2009/04/13/give-yourself-raise/comment-page-1/#comment-3961 MasterPo Wed, 15 Apr 2009 02:46:23 +0000 http://toughmoneylove.com/?p=3173#comment-3961 Sleep with the bookeeper - why didn't I think of that? ;-) Sleep with the bookeeper – why didn’t I think of that? ;-)

]]> By: Rick Beagle http://toughmoneylove.com/2009/04/13/give-yourself-raise/comment-page-1/#comment-3939 Rick Beagle Tue, 14 Apr 2009 00:37:10 +0000 http://toughmoneylove.com/?p=3173#comment-3939 Excellent post, but if I may, I would like to add my own advice to this column. I have on a number of occasions had to participate in the suspension of raises and benefits due to a downturn in the business cash flow (your comments about growth for growth sake is dead on). While this is sometimes a necessity, please realize that suspending raises or other benefits, only to turn around and give yourself and other management team members raises or large bonuses should be discouraged. Of course I am not referring to bonuses that are due as part of an agreed to pay structure, but rather monies that are above and beyond this. Unfortunately these are often driven by ego more so than any real need. I even had on one occasion a manager tell me he was sleeping with the bookkeeper so he was positive that no one would discover that he passed out bonuses?! Which I suppose provides me with a litmus test for you, if you have to swear everyone to secrecy, or sleep with the accounting department, then you might want to rethink this distribution. If you feel the need to pass out money to retain your top talent, consult with your CFO, there are much better alternatives that driving down your employees morale (trust me, they always find out). Peace. Rick Beagle Excellent post, but if I may, I would like to add my own advice to this column.

I have on a number of occasions had to participate in the suspension of raises and benefits due to a downturn in the business cash flow (your comments about growth for growth sake is dead on). While this is sometimes a necessity, please realize that suspending raises or other benefits, only to turn around and give yourself and other management team members raises or large bonuses should be discouraged. Of course I am not referring to bonuses that are due as part of an agreed to pay structure, but rather monies that are above and beyond this. Unfortunately these are often driven by ego more so than any real need.

I even had on one occasion a manager tell me he was sleeping with the bookkeeper so he was positive that no one would discover that he passed out bonuses?! Which I suppose provides me with a litmus test for you, if you have to swear everyone to secrecy, or sleep with the accounting department, then you might want to rethink this distribution. If you feel the need to pass out money to retain your top talent, consult with your CFO, there are much better alternatives that driving down your employees morale (trust me, they always find out).

Peace.
Rick Beagle

]]> By: MasterPo http://toughmoneylove.com/2009/04/13/give-yourself-raise/comment-page-1/#comment-3938 MasterPo Tue, 14 Apr 2009 00:31:36 +0000 http://toughmoneylove.com/?p=3173#comment-3938 Well written. I never believed the HR claims about money being a poor motivator. I think that was made up to simply provide supporting reasons for not giving bigger raises. Double my salary and you'll see my motivation climb! ;-) Well written. I never believed the HR claims about money being a poor motivator. I think that was made up to simply provide supporting reasons for not giving bigger raises.

Double my salary and you’ll see my motivation climb! ;-)

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