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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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
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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So in terms of retention, maybe that’s a good thing
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You mean when you change jobs new employers unaccustomed to big finance industry bonuses won’t match? Only good for retention if you change industry I think.
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Definitely personally focus on long term. The downside to the bonus heavy comp is that people don’t really honor it when you make moves, ended up with a big pay cut although also big reduction in hours
Thanks. Twitter will use this to make your timeline better. UndoUndo
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