4 ms·

I'm a little intrigued by a 15% raise year of year ? How long can you sustain that rate ? I'm supposed to be happy if I get 5% or really happy when I get 8% af

• madaxe_again 12y ago
  We reward merit - if you muddle along and half-ass, we worry about how to better motivate you, and typically grant a small (5%) raise inline with cpi inflation. If someone is working their socks off, then we're not shy rewarding it. In terms of sustainability - if we hire a fresh grad at £24k, by year four they're on 45 or so, assuming all is well. Most we pay anyone currently is about 60k, which is a very respectable income in a small city 100 miles from London. Essentially, as long as someone produces more and more value for the business, we reward them more and more. It also helps to have a decent war-chest, as this gives you confidence to pay people properly, knowing you've a year or more of salaries in the bank.