2021 Pay Raises: Were You Above Average?

Rates of pay for IAPE-represented employees increased, on average, by 4.98% in 2021. That’s the takeaway from an IAPE review of pay data since July 1, the effective date for the union’s negotiated pay raises.

Overall, 471 IAPE-represented employees received 2021 pay increases above minimum raises required by the IAPE/DJ contract.

An examination of new Dow Jones-provided pay data showed 1,328 IAPE-represented employees were entitled to a union-negotiated pay increase in July. Approximately 56% of those employees received the minimum percentage raise of 2.75%, boosted from the negotiated rate of 2.5% as a result of the IAPE/DJ contract’s “upside protection” clause.

The rest of the bargaining unit received larger pay hikes, either through negotiated minimum-dollar or scale increases, discretionary raises, possible pay equity adjustments or raises as a result of promotions.

IAPE also looked at pay increase rates by gender, while noting that salaries vary significantly from title to title. The union found the average pay increase for female IAPE-represented employees in 2021 was 5.20%, while the average rate for male bargaining unit employees was 4.76%. However, average and median weekly dollar increases for those female employees were $81.73 and $56.11, respectively. Average and median weekly raises for males were $86.65 and $64.89.

(Note: IAPE plans on taking a fresh, detailed look at gaps in pay across lines of gender and ethnicity, similar to earlier IAPE projects in 2016, 2017 and 2019. Watch for that report in the New Year.)

The review of 2021 pay data also highlighted 189 union-represented employees requested and received an individual IAPE pay review between January and June of this year. Members often request individual reviews prior to initiating salary discussions with their managers.

In 2021, more than half of the employees who asked for an IAPE pay review received a pay increase in excess of the 2.75% compensatory increase.

To request your own personal salary review, please contact IAPE at payreview@iape1096.org.

Next Week: General Membership Meeting
Join IAPE President Jodi Green next week for some union conversation and Q&A. We’ll talk about 2022 open enrollment, a look ahead to next year’s Dow Jones contract negotiations and an update of discussions with the company over Covid relief and plans for returning to Dow Jones office spaces.

Members have two Zoom sessions to choose from: Wednesday, Nov. 10 at 2:00 p.m. EST or Thursday, Nov. 11 at 2:00 p.m. EST. Both meetings are scheduled for one hour, but we’ll have plenty of time for questions.

Meetings are open to IAPE-represented employees at all locations. To receive your Zoom link to attend, please register on the IAPE Events Page.

Today: IAPE 101 - Job Security
If you have an hour to spare this afternoon (or this morning, if you’re on the west coast), please join us for our IAPE Contract 101 class at 2:00 p.m. EDT. We’ll focus on job security, just cause protections against discipline, layoffs and seniority. Visit the IAPE Events Page to register.

If you’re curious about your own seniority within your department, remember, you can always contact the IAPE office to find out more about your seniority protection.

Our Pumpkin Contest Winners!
Congratulations to Princeton member Kirti Mahajan and New York member Angela Calderon, winners of last week’s Great IAPE Pumpkin contest. Kirti’s photo submission was voted best in the “carved pumpkin” category, while Angela’s photos received top “painted pumpkin” honors. Kirti and Angela each received first-prize $50 gift cards.

Thanks to all IAPE members who participated in our Halloween contest!