I worked for the same 6000+ employee public company for six years. I worked for the corporate office, yet worked at-home in a different state. At the end of every year, I had to complete a self-appraisal and sign an employee appraisal with my performance rating. That appraisal was then reviewed and a raise percentage was calculated. I never got to see the raise percentage.
I received a substantial raise every year from my company based on my performance. In January 2008, I was supposed to receive a raise for my above-average 3.6 performance rating. My raises were always given to me late, normally in November or December (11 to 12 months late). The raise was distributed to me retroactively from the date of Jan 1.
In November 2008, I was included in a massive company-wide layoff. After the layoff, I inquired with my Director and CIO about my raise. I was told that there was no money for this raise since the company was having financial problems. I explained my understanding, however this raise was due to me prior to these financial hardships due to the failing economy.
I contacted Human Resources and they have been looking into the raise. They have told me that my issue is under review with Executive Management and there is no update currently. This has been going on for over a month now… and my raise is 13 months late now.
Do I have any recourse to attempt to obtain the money owed to me?
Thanks.
Public US company is changing manager from Fidelity to T. Rowe Price. My Sector funds in Fidelity are named “T Rowe Price” but are not in the new 401k offered when the whole thing becomes managed by T Rowe Price. The company team claims that they have the “fiduciary” responsibility to “protect” their employees against those who ‘don’t have the financial astuteness” to make the right decisions within their funds. The new funds only have history of 5-9% return rates, but the sector funds have netted me year over year return of 26% as I watch it and understand what I’m doing. Other well-informed employees who understand finance are also upset. We want the company match, but need to do the 401k with TRP in order to get it. What can we do after the VP of HR has said ‘NO’? Do we file Class action suit? Report to some other finance authority? “Harp” on the sales reps that come to visit us? Other suggestions?
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As the Human Resource leader, your responsibilities range from directing the daily operations of the Human Resources Department, administrate HR policies, budgeting and supervise HR staff. In addition, your department will manage employee benefits, performance management, employee counseling, recruitment, hiring, orientation, training, worker’s compensation, employee health, meet compliance and HRIS programs. As HR Director, you act as the liaison to upper management and directly report to the President / CEO of most companies.
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