Is the new compensation plan for SOs or everyone? |
Everyone. I think they have to announce it soon. Don’t know details. |
My understanding is the new rating system would not affect comp this cycle. |
Is the idea that raises would be based on ratings or that there wouldn’t be raises only bonuses based on ratings? The latter is a dick move because it impacts people’s retirement. |
This year there was a two tier system. That means that everyone should be treated the same, unless managers are given the option to “reward” their friends. Next year will be different. |
Right, but for raises or bonuses? If our base pay stays the same and it’s just bonuses, that’s a huge effective pay cut. |
For both: raises and bonuses. The base pay is likely to change. |
Do you mean unlikely? Or we’re facing actual pay cuts? |