Quote:
Originally Posted by lewdog
Like most, the standard 2.5-3% raise yearly is what my company does for hourly or salaried employees. Salaried employees get 6 more PTO days per year than hourly employees and I think that's fair as I always work 40+ hours per week on salary.
Luckily there are a few of us that get monthly incentive bonuses and can really focus on the main issues of our job and make some decent extra monthly cashflow. Last year my incentive earned me 5% extra on my yearly base salary but if I was able to max it monthly it would be over 9% of my base.
I'm a big believer in incentivizing certain employees to allow them to boost their pay over the basic yearly raise. If their performance is boosting the bottom line, let them have a small slice of those gains. I re-worked a few employees incentive plans and I think they appreciate that chance to fairly earn more.
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I completely concur with incentives to drive the pay potential of associates....they do it in Sales why not in all aspects of the company.
The CEO and EVP's don't have to be the only ones getting the benefits of success of the company.