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Reason for 5% Wage Increase – Small Increase in Cost Each 1% raise is roughly $8,500 split among 40 positions… Note: Last year this bottom that raises biweekly payroll by roughly $305 and monthly category was 18 employees… payrolls by roughly $410 per each 1% raise now we are at 24 Change to Employee’s 5% Raise 4% Raise 3% Raise Paycheck ($) – biweekly or monthly Less than $30 13 employees 19 employees 24 employees $30 ‐ $50 11 employees 6 employees 8 employees $50 ‐ $75 2 employees 9 employees 7 employees $75 ‐ $100 9 employees 5 employees 1 employee $100 ‐ $125 4 employees 1 employee Over $125 1 employee For more than half the employees, a 5% raise still means less than $50 more in their paycheck (paid bi‐weekly or monthly depending on position). However, this is slightly better for the employee than a 3% raise where more than half the employees would receive or less than $30 more per paycheck (paid bi‐weekly or monthly… so looking at less than $15/week more if a 3% is given). x3 Consider this: What does $15 get you at the grocery store now? 44