Is this a good long-term yearly salary review policy? I prefer raises over bonuses because bonuses are quickly forgotten and a raise is a recurring reminder to do a good job.pic.twitter.com/Gl1jpPL3lS
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I worked at a firm where I earned a 25-50% bonus that was never below 37%. New job bonuses are 10% or nothing and raises largely de minimus without promotion, I’d say consist actionable feedback was much more impactful than comp structure as long as comp changed when I met goals
Never below 37% for everyone? A new job bonus is the signing bonus? I'm struggling to understand your last clause.
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Sorry, had to heavily edit for twitter length. First sentence was consulting firm. Second sentence about current job. I never had below 37% given I did well / firm never did horribly. Point of last sentence was for me, huge cash bonus or a promotion with a raise didn’t matter
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Ah, but were you optimizing for long-term economics instead of short-term? When I was 22 I'd gladly work for people for free. Not anymore.
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