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So very, very true. Hell, half the time your employees don't actually know how much their job sucks until they start looking because they feel underpaid. I fel
by potatolicious 14y ago
So very, very true. Hell, half the time your employees don't actually know how much their job sucks until they start looking because they feel underpaid.
I felt into that category - spent two years right out of college at a company where my technical skills were atrophying and middle management reigned supreme. Younger me didn't know any better - but knew that I was being grossly underpaid.
I'm still a little bit thankful that they shafted me two compensation reviews in a row, otherwise I may still be working that job.
> "Also, performance review processes at companies are generally horrid."
I have never, ever met a review process that wasn't a complete waste of time.
There was always a huge disconnect between compensation and reviews. I'd get reviews where my coworkers vouch for my abilities and sometimes sing my praises, and then my total compensation adjustment would come in sub-1%.
We just spent the last week and half wasting everyone's time writing up these review forms so that the conclusion is "is very good at his job, well liked by everyone, demonstrates initiative and judgment, is worth a 0.8% raise".
Compensation is a big deal, and should have been mentioned in the slide deck IMO. I don't care how perfect my job is, if I feel like there's a 30-40% gap between my comp and market comp, I'm going to up and leave.
- fyi80 14y ago> Compensation is a big deal, and should have been mentioned in the slide deck IMO. I don't care how perfect my job is, if I feel like there's a 30-40% gap between my comp and market comp, I'm going to up and leave. So, replace the whole slide deck with just one slide: $$$$
- Joeri 14y agoI agree about the uselessness of performance reviews. I've seen several attempts at introducing a performance review process, and the results are always the same: everybody finds out what they already knew intuitively, nobody gets a meaningful raise that they wouldn't have gotten without the review anyway, and bottom performers who haven't already been weeded out will not be weeded out as a result of the review. I would say that there's no reason for a business to have performance reviews, but i've seen them used as an instrument to postpone raises with the argument "we're setting a baseline now to adjust compensation next year". So, they are useful as a cost reduction instrument, provided your people don't walk out in disgust.