Jim Cramer
predicted this week that corporate profits would be so huge that companies would be embarrassed not to give raises this year--hell, you won't even have to ask for one, they're going to be giving raises to
everybody.
Ha, ha, ha, hee, hee--that Cramer, what a hoot.
Here's how it really works anymore: once a year, it's raise time. If the company feels like giving you one, you get one. If the company doesn't, you don't (this would be most years). It has absolutely nothing to do with corporate profits, your unit's profits, your job performance, your evaluation scores, or what the company can afford.
And you
do not ask for a raise--that would be far too gauche for most executives to have to deal with.
This is not new--I'd venture to guess it's been like this for the last thirty years, excepting that up until about a dozen or so years ago, yearly raises were more likely.
Not particularly surprising that Cramer is completely clueless, though--he does, after all, work for a TV network that specializes in business news but somehow managed to be caught completely unaware when the economy collapsed in September of 2008.
Peace,
emaycee
