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There's no doubt an HR and finance department. Why do you need a "boss" to hand you your bonus / raise? The handbook offers a hint: > Once the intra-group ran
by ctvo 6y ago
There's no doubt an HR and finance department. Why do you need a "boss" to hand you your bonus / raise?
The handbook offers a hint:
> Once the intra-group ranking is done, the information
gets pooled to be company-wide. We won’t go into that
methodology here. There is a wiki page about peer feedback
and stack ranking with some more detail on each process.
Naively I imagine a pool of money representing what the company has available this year to allocate to raises, bonuses, compensation adjustments, etc.. Those ranked higher get a larger percentage of that pool once the math is done.
Think you're underpaid vs. your peers? Talk to HR and ask. There's no need for a manager to be involved in this process at all.
- jedberg 6y agoUnless there is an objective formula to translate ranks into money, that still leaves some subjective power with someone. I guess what I'm getting at is, who has the subjective power over your salary?
- insomniacity 6y agoThere could very easily be such a formula. The only interesting things in it are whether you set firmwide/regional minimums/maximums, and how far you allow the ranking to move your numbers from everyone getting the same increase - eg, does the top ranked employee get 5% more than the median employee, or 50% more?