Has anyone else noticed they are getting a lump sum payout instead of a raise this year because they said they have capped out at their position? MyHR said pay grade caps are confidential even to the employee working in said pay grade.
I am a specialist and it is designated an 18 pay grade, does anyone know what the cap is and/or was anyone told about this at time of hire? The lump sum is about 2% of yearly pay, minimum raises used to be 3%. If the company had to follow this rule of earnings they would fold! Any info on pay grade would be helpful.
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Our management staff never even gave us our reviews and we had to go to SM about the increases. 3 of us were told we are capped out which I know better...and been waiting a week for him to "contact someone" not worth the time and BS anymore especially no increase after busting our asses through Covid
The CEO caps out at as much as you can make him
I had this a couple years ago but got a raise last year small but a raise. Why don't they post the pay grades for everyone to see Lowe's is so secretive about pay compared to other companies.
We keep you alive to serve this ship. Row well and live.
The same time the introduced the two raises are better than one they reduced the pay ranges making it easier to “max in position.”
When you max out they should at least peg your hourly rate to inflation. Before I left the company I was maxed out and got a .5% increase—it didn’t even cover inflation much less the insurance increase.
I got 2.5% about the inflation rate.
wondering what the cap is on the CEO and rest of the board of directors?
Was capped out in my position. No raise or lump sum for a couple of years, then just tiny cost if living increase that didn't even cover health insurance increase.
5 percent lump sum for me capped out