Author Star Gazer Posted January 17, 2008 Author Posted January 17, 2008 I think she meant that 14% of 50k is $7,000.00 and 8% of 150k is $12,000.00 so the 8% increase was higher or worth more than the 14% increase meaning that the 2 aren't comparable in an apples to apples scenario and % doesn't mean as much as dollar value. Um, that's not what I meant. I'll use a fake number, okay? $5,000 as my raise. Using this number, this is how it plays out. The firm has a set $5,000 raise for every single employee, regardless of their current pay or position. For some employees, a $5K raise is a 6% raise, for some it's 10% raise, for some it's only 2%, etc. But no matter what, all any employee is eligible for is a $5,000 raise. Period. Not a $10K raise. Not a $20K raise. Not a $2K raise. $5,000 across the board.
Author Star Gazer Posted January 17, 2008 Author Posted January 17, 2008 (edited) She has received quite a bit less of an increase, if you look at it this way. Okay, using my same fake number - $5,000 - my point is that both my secretary and I received the same raise: $5,000. For me, it's an 8.21234% raise. For her, it's a 13% raise. Make sense? Attorneys who are under me received a $5,000 raise. Attorneys above me received a $5,000 raise. (Well, assuming they earned it.) This doesn't make sense to me. A standard raise. A standard percentage would make more sense, but not a standard dollar number. Edited January 17, 2008 by Star Gazer
dropdeadlegs Posted January 17, 2008 Posted January 17, 2008 Okay, using my same fake number - $5,000 - my point is that both my secretary and I received the same raise: $5,000. For me, it's an 8.21234% raise. For her, it's a 13% raise. Make sense? Attorneys who are under me received a $5,000 raise. Attorneys above me received a $5,000 raise. (Well, assuming they earned it.) This doesn't make sense to me. A standard raise. A standard percentage would make more sense, but not a standard dollar number. Do what!? That's the strangest thing I've ever heard of. I'd like to hear the logic behind that kind of step-increase.
Trialbyfire Posted January 17, 2008 Posted January 17, 2008 Okay, using my same fake number - $5,000 - my point is that both my secretary and I received the same raise: $5,000. For me, it's an 8.21234% raise. For her, it's a 13% raise. Make sense? Attorneys who are under me received a $5,000 raise. Attorneys above me received a $5,000 raise. (Well, assuming they earned it.) This doesn't make sense to me. A standard raise. A standard percentage would make more sense, but not a standard dollar number. Gotcha'. This is a budgeting trick. They're lazy....
Author Star Gazer Posted January 17, 2008 Author Posted January 17, 2008 Gotcha'. This is a budgeting trick. They're lazy.... Why is it a trick? I asked for a 90-day review to assess my progress on my goals and they agreed. I'd like to discuss compensation again at that time, and would like to understand why this is happening and how I can possibly weasel more out of them.
Trialbyfire Posted January 17, 2008 Posted January 17, 2008 Why is it a trick? I asked for a 90-day review to assess my progress on my goals and they agreed. I'd like to discuss compensation again at that time, and would like to understand why this is happening and how I can possibly weasel more out of them. It's easier to project budgets when there's rounded, set amounts, for increases, instead of percentages. Lazy... Good for you to get an agreement out of them. It shows they value you, if they're open to future discussion. Stick to your guns. Let's see what substance they're made of.
Author Star Gazer Posted January 17, 2008 Author Posted January 17, 2008 It's easier to project budgets when there's rounded, set amounts, for increases, instead of percentages. Lazy... Good for you to get an agreement out of them. It shows they value you, if they're open to future discussion. Stick to your guns. Let's see what substance they're made of. This firm has been in existence for 3 months shy of 2 years. Ironically, we don't even have an employee handbook! They're still working out tons of kinks, so perhaps that's where the laziness stems from...?
Trialbyfire Posted January 17, 2008 Posted January 17, 2008 This firm has been in existence for 3 months shy of 2 years. Ironically, we don't even have an employee handbook! They're still working out tons of kinks, so perhaps that's where the laziness stems from...? Probably. It's balancing employee moral with ease. In using a cross the board scale, they don't have to put much effort into figuring out the numbers. Myself personally, I would have set a different scale for associates, senior admin, intermediate admin and junior admin. It's not that difficult to do, even if you only use Excel. You can set your formulas, then plunk in the numbers. This is all based on your firm being relatively small.
Always Wrong Posted January 17, 2008 Posted January 17, 2008 Sounds more like a bonus spread out across 12 months.
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