4 ms·
Maybe a bit off-topic but, I feel like variable, merit-based compensation makes for a better service. I work in finance, although not in the US, end of the year
by reese_john 5y ago
Maybe a bit off-topic but, I feel like variable, merit-based compensation makes for a better service. I work in finance, although not in the US, end of the year bonuses more often than not effectively doubles your total comp, even for software engineers. Your bonus is, of course, very much tied to your performance reviews.
This has created a certain type of "carrot-chasing" culture. Granted, sometimes it can be toxic and is not for everyone, but most of my co-workers are extremely hard-working, focused and willing to go out of their way to help you
- halostatue 5y agoCommissions for salespeople — the most studied example of "merit-based" compensation — don’t work. They’re _expected_, but they don’t produce the results expected. https://www.linkedin.com/pulse/why-paying-sales-people-bad-business-jacques/ https://www.linkedin.com/pulse/why-paying-sales-people-bad-b... The other reality is that what you think is merit-based is…not. There are lots of studies showing that there’s substantial bias in pay against women and racialized minorities.