2 ms·
This is not finders keepers. The article is slightly vague, but my takeaway is that employee got raises. Those numbers went through a bunch of people. The pay
by travisjungroth 4y ago
This is not finders keepers.
The article is slightly vague, but my takeaway is that employee got raises. Those numbers went through a bunch of people. The pay went out for months. Then, they realized they miscalculated the raises. “Whoops, we didn’t mean to offer you $150k, but really $140k.”
1. I think they have no chance at getting back the pay from before. This isn’t a banking error, this is regret. As an employee could you be like, “whoops I messed up my budget. I wouldn’t have taken this job at $150k. Please backpay me to bring it up to $180k”.
2. It’s well studied that losses hurt more than gains feel good. People hate having their comp lowered and the stock has already fallen. May be better to leave the comp where it’s at. I mean, it’s not like it was 10x or something. The numbers were reasonable enough for this to be super wide spread and people to not notice for months.
- __derek__ 4y agoFrom what I've heard, this timeline is incorrect. People with approved Q3 promotions received Personal Compensation Statements (PCS) telling them that they would get a raise starting in October. They were never actually paid the increased amount, and the time between erroneous PCS and correction was on the order of days, not months. Some folks didn't even get their erroneous PCS because their manager was slow to share it.
- travisjungroth 4y agoThank you. That seems less serious. Still a bummer to experience getting your comp lowered.
- __derek__ 4y agoRight. It's not a great employee experience by any means. Mocking references to Strive to be Earth's Best Employer abound.
- deleted 4y ago[deleted]