Results tagged “raises”

Or so says the Human Resource Association of the National Capital Area, which is the source for this Washington Business Journal story proclaiming it to be so. Considering how many people we talk to who say that they, due to the recession, didn't get raises this year, the 3.4 percent number just kinda feels slightly high, doesn't it? Oh wait, that explains it:

The financial services industry saw the highest salary increases at 9.3 percent. Publishing and broadcasting jobs saw the lowest raises, at 1.5 percent.

Continue reading "Average Salaries in D.C. Area Up 3.4 Percent"

D.C. Wire reported late last night that members of the D.C. Council, in a charge led by Chairman Vincent Gray, will voluntarily forfeit their automatic cost-of-living increases in 2010. Currently, each council member earns $125,583 per year, and the usual raise is between 3 and 5 percent per year. D.C. Wire cites that the refusal of the raises could save the city somewhere around $75,000 in 2010, but it should be noted that amount of savings assumes the full increase for everyone. It's likely to be less than that, but hey, considering that a) thanks to the new budget cuts, there's a citywide freeze on salaries for most municipal workers, and b) council members have received a 35% increase in salary since 2006's salary of $92,530 -- well, it's the least the Council could do.