Emerson Motor Company CEO Experiences September to November 1926 Company-wide raise and new RS model

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kellyroycekey by Kelly

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Published on March 23, 2023 9:41:33 PM ● Video Link: https://www.youtube.com/watch?v=kRLKuZtggXA

Game:

GearCity (2014)

Duration: 17:44

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#EmersonRC #GearCity #EdwardJEmerson #EmersonRS #EmersonMotors #Pension #Factory #Shareholder #Marketing #Kellyroycekey #Detroit #Michigan #outsourcing

GearCity is a realistic historically focused economic simulation of the global automobile industry. Unlike tycoon games, GearCity has not been simplified. It is a complex, realistic, in-depth management sim that will take several hours to grasp and hundreds of hours to master.

https://www.gearcity.info

Emerson Motor Company CEO Experiences September to November 1926 Company-wide raise and new RS model

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Job Sector
The average performance-based raises don’t change significantly across different sectors or job types, but they do vary slightly. The BLS regularly updates employment costs for civilian workers, private industry, and government workers at the state and local levels. These costs include overall compensation, wages and salaries, and benefits.

For the 12-month period between September 2020 and September 2021, the BLS reported salary and wage costs increased:

4.2% for civilian workers
4.6% for private industry workers
2.4% for state and local government workers

Job Performance
How you're compensated depends on how well you execute your job duties and responsibilities. So if you meet or exceed your goals, you may be entitled to a raise. Incremental increases in salary, which are commonly done on an annual basis, incentivize employees to work hard(er) and stay with their employers. Pay raises that are based on your job performance are called merit increases.

Employees who meet their goals and meet the company's expectations are generally entitled to a 3% increase, which is the national average. Some employers may only offer a nominal increase of 2% to some workers while others may receive a jump of 5% or more.


If you want to ensure that you're in the running for a merit increase, ask your current or prospective employer and read up about your compensation package in your employee handbook or employment contract. When it comes time to ask for a raise, your employer may want you to back up your argument, so make sure you document all your achievements and keep track of how competing companies are compensating workers in the same position.
People who depend on bonuses as part of their compensation package may not be able to keep pace with inflation.

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