No salary increase after the new year? Forum

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No salary increase after the new year?

Post by Anonymous User » Fri Jan 14, 2022 6:25 am

V25. Is it just me or was there no salary increase after the new year? The last salary increase was in July 2021 (with the 205000 scale), and the new year would have bumped me into a new class year, but I saw no increase on my mid-January statement to reflect that. Do firms want to wait until July to do the annual salary increase instead?

Wanderingdrock

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Re: No salary increase after the new year?

Post by Wanderingdrock » Fri Jan 14, 2022 9:24 am

Anonymous User wrote:
Fri Jan 14, 2022 6:25 am
V25. Is it just me or was there no salary increase after the new year? The last salary increase was in July 2021 (with the 205000 scale), and the new year would have bumped me into a new class year, but I saw no increase on my mid-January statement to reflect that. Do firms want to wait until July to do the annual salary increase instead?
Completely firm-dependent, but some firms do it on their fiscal year, which isn't always Jan - Dec.

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Re: No salary increase after the new year?

Post by Anonymous User » Fri Jan 14, 2022 10:47 am

My firm reflects the annual raise first in February with a gross up payment for January, and I know some others do the same. No idea why.

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Re: No salary increase after the new year?

Post by Anonymous User » Fri Jan 14, 2022 11:13 am

Also, there's some sort of tax payment that always occurs in the first half of the year, but stops towards the end of the year after you hit the yearly max (I can't remember what exactly this is for). That'll be back on your paycheck now so the increase from December to January in take home pay always looks lower than you expect.

caymus

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Re: No salary increase after the new year?

Post by caymus » Fri Jan 14, 2022 11:26 am

Anonymous User wrote:
Fri Jan 14, 2022 11:13 am
Also, there's some sort of tax payment that always occurs in the first half of the year, but stops towards the end of the year after you hit the yearly max (I can't remember what exactly this is for). That'll be back on your paycheck now so the increase from December to January in take home pay always looks lower than you expect.
That is Social Security, once you hit $140kish in a given year you no longer pay Social Security.

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Anonymous User
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Re: No salary increase after the new year?

Post by Anonymous User » Fri Jan 14, 2022 11:53 am

Anonymous User wrote:
Fri Jan 14, 2022 11:13 am
Also, there's some sort of tax payment that always occurs in the first half of the year, but stops towards the end of the year after you hit the yearly max (I can't remember what exactly this is for). That'll be back on your paycheck now so the increase from December to January in take home pay always looks lower than you expect.
You mean social security?

Anonymous User
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Re: No salary increase after the new year?

Post by Anonymous User » Fri Jan 14, 2022 12:07 pm

Anonymous User wrote:
Fri Jan 14, 2022 6:25 am
V25. Is it just me or was there no salary increase after the new year? The last salary increase was in July 2021 (with the 205000 scale), and the new year would have bumped me into a new class year, but I saw no increase on my mid-January statement to reflect that. Do firms want to wait until July to do the annual salary increase instead?
Some firms also do a full calendar year after you started

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Re: No salary increase after the new year?

Post by Anonymous User » Fri Jan 14, 2022 12:24 pm

Yup, my firm doesn't bump salaries until end of January. They provide a gross up for the mid-January paycheck that didn't include the bump.

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