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"Pay Mix" update...
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<blockquote data-quote="Throwaway9" data-source="post: 5457779" data-attributes="member: 103247"><p>That's a good point and a consideration. But bosses give merit raises all the time for reasons other than performance. I've heard bosses say that they gave a larger merit raise to an employee because they knew they needed the money (sole breadwinner, just had a child, etc.). It's not right, but we all know it happens frequently. </p><p></p><p>I think that's all the more reason that, if anyone can control giving themselves a raise via stock holdings on Dec 1, and take it out of the hands of their boss, they should. Plus, even if they get smaller merit raises in the future, that merit raise is based on a larger number. It may take a number of years for the Manager with the smaller new base salary to catch up to the Manager with the larger one. That's money in the bank. </p><p></p><p>Also, the 2023 and beyond retirement benefits (8% and 5%, rising to 7%) are based off of that base salary number. </p><p></p><p>Also, they claim that they are going to re-examine the salary bands in light of this change. Well see. No matter what, I'd still rather be at the maximum salary band sooner rather than later.</p></blockquote><p></p>
[QUOTE="Throwaway9, post: 5457779, member: 103247"] That's a good point and a consideration. But bosses give merit raises all the time for reasons other than performance. I've heard bosses say that they gave a larger merit raise to an employee because they knew they needed the money (sole breadwinner, just had a child, etc.). It's not right, but we all know it happens frequently. I think that's all the more reason that, if anyone can control giving themselves a raise via stock holdings on Dec 1, and take it out of the hands of their boss, they should. Plus, even if they get smaller merit raises in the future, that merit raise is based on a larger number. It may take a number of years for the Manager with the smaller new base salary to catch up to the Manager with the larger one. That's money in the bank. Also, the 2023 and beyond retirement benefits (8% and 5%, rising to 7%) are based off of that base salary number. Also, they claim that they are going to re-examine the salary bands in light of this change. Well see. No matter what, I'd still rather be at the maximum salary band sooner rather than later. [/QUOTE]
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