Salary Keeping Pace with Inflation?

MMiz

I put the M in EMTLife
Community Leader
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Did you receive a big pay bump this year to keep pace with inflation?

I received a few retention bonuses (about 8% of my salary), but not much in the way of long-term salary increases.
 

PotatoMedic

Has no idea what I'm doing.
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Our county commissioners are looking at doing a 5% cola plus 1 dollar pay raise this year. On top of the small pay bump my agency put into our budget. It will come out to about 8-9% increase.
 

DrParasite

The fire extinguisher is not just for show
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a big pay bump? ha.

starting salaries are increasing all across the board, however significant raises for existing employees are much less common.

In the corporate world, my annual raises are between 2% and 6%; when I changed jobs last November, I got a 8.5% bump in salary and a sign-on bonus. When I changed jobs almost two years ago, I got a 35% raise.

Salary compression is common when significant increases are made to recruit new hires but existing employees don't get the same increases in their salaries
 

FiremanMike

Just a dude
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We got 3% per year for 3 years on our latest contract, settled after the huge inflation bump so they knew it was below.

That said, we were a fair bit above a livable wage at the time, so we're still doing fine. We were and still are at the top of the county when looking at comparisons, so that hurt is too..
 

Iambatman

Forum Probie
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Nope. Raised the Paramedic minimum 22%, raised everyone else 5%. New cleared Paramedic (6mo to 8mo exp) will now make 2 dollars less than me, with 18 years experience as a Paramedic.
 

johnrsemt

Forum Deputy Chief
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Most EMS services across the US doesn't pay equal to living expenses on a normal year; so why would you think they would increase pay to match the Cost of Living (Inflation) now?

Some areas would have to give 50% plus pay raises to make that happen.
 
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MMiz

MMiz

I put the M in EMTLife
Community Leader
5,451
371
83
Most EMS services across the US doesn't pay equal to living expenses on a normal year; so why would you think they would increase pay to match the Cost of Living (Inflation) now?

Some areas would have to give 50% plus pay raises to make that happen.

I've never seen a provider shortage of this magnitude during my lifetime.

Was hoping that it resulted in significantly higher wages.
 

Tigger

Dodges Pucks
Community Leader
7,685
2,643
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We will see how negotiations go. Need desperately to add staff, also need to keep who we have.

AMR is now paying me 36/hour base pay which is more than double what I started as a paramedic at in 2016.
 

DesertMedic66

Forum Troll
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We are getting a 3% performance based raise and then at the end of each quarter the company is going to give us the difference between our 3% and the current inflation level.
 

Jim37F

Forum Deputy Chief
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Our previous 4 year contract expired last June, and all wages and everything we're frozen in place.
Which was good, we didn't lose anything... but my class was due to get our 4 year pay step increase last August, riiigghhtt after everything got frozen, so we never got that, which kinda sucked, but a miner inconvenience I guess.

That would have been our first pay step increase. They finally negotiated a new 4 year contract which took effect July 1st (we expect to see the effects on the end of month paycheck). Retroactive to last year, 0% raise for that time (in effect recognizing the frozen pay)

But after 5 years of no pay step increases, we'll get our Step, but on top of that, everyone is getting an Across the Board 3% pay raise this year, then in 2023 we'll get a 4% raise and another 4% raise in 2024 for the last year of this Contract.

So hopefully that'll cut a little of the Inflation sting...
 

StCEMT

Forum Deputy Chief
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Eh yes and no. Both jobs have given good raises the last 12 months, but neither were particularly great to start. What really boosts income and quality of life this past year is all the bonus pay to get people to pick up, I'm making a killing that way.
 
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