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Smith and Thornton's Laugh-In
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<blockquote data-quote="vantexan" data-source="post: 1115009" data-attributes="member: 24302"><p>Just so you know, if one is below the midway point in the pay range, he gets 3%. If his current pay is in the 3rd quartile, he gets 5%. If he is in the 4th quartile, he gets 6% but can't go over the current top out amount. The problem with this "system" is if either starting pay or top out is increased, the midpoint of the pay range moves up too. So those in the lower half will be seeing 3% raises for a very long time. It's essentially rigged. I think they are content with this idea as they know they have to give people something to keep them at it and reduce turnover. 3% barely covers inflation and increased healthcare costs. If even.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1115009, member: 24302"] Just so you know, if one is below the midway point in the pay range, he gets 3%. If his current pay is in the 3rd quartile, he gets 5%. If he is in the 4th quartile, he gets 6% but can't go over the current top out amount. The problem with this "system" is if either starting pay or top out is increased, the midpoint of the pay range moves up too. So those in the lower half will be seeing 3% raises for a very long time. It's essentially rigged. I think they are content with this idea as they know they have to give people something to keep them at it and reduce turnover. 3% barely covers inflation and increased healthcare costs. If even. [/QUOTE]
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