About a month and a half ago we had Annual Reviews at my current job. I just started at the company 7 months ago, so I was ineligible for an official review, but my manager still sat me down for an unofficial one anyway just so I would know what the process was like.
Part of this conversation was the Compensation Review, discussing "What's the Cost Of Living adjustment?" "Any bonus stock / bonus / raise for good performance" "Any concerns? Any questions on how it's all paid out?"
Well, my manager pulled up my Comp for fiscal 2017 and started going through it. He stopped at one point and said "This doesn't seem right; this is way too low." Specifically my total comp. Jobs at my place are based on ranges-- every job has to have a total comp (salary + stocks + benefits) between X and Y. I was below X by about 2500 (salary was 75,000 + signing bonus + stocks). He pulled up my offer letter and saw that I had agreed to 75,000 (not knowing it was out of range) and it was signed off by a hiring manager.
Now, small note: I was not hired onto the team I am currently on. I was hired onto a different team, and then transferred to this one. Also the hiring manager who signed my offer letter is not either of these two managers, plus the hiring manager I interviewed with was a fourth different manager. Lots of people with only small parts of my hiring process in mind, so I'm not surprised that something fell through the cracks.
Over the next few weeks, Manager reached out to his manager who gave him the OK to pursue finance and HR to figure out what the hell happened. He starts the process of me getting me the money I was owed.
A few weeks pass and he doesn't hear anything from finance or HR. He eventually tracks down the lady who's handling my issue and finds out the delay was because they were trying to get me the difference in stocks. He suggests a flat salary bump, both of us thinking they'd give me the 2500 to get me in range and be done with it.
Finance agrees to a flat salary bump, and then suggests setting it at $90,000 up from my current $75,000. My manager and I both just kind of looked at each other, both of us wide eye'd as we had discussed the fact that they'd probably only bump me up to the bottom of the range, which he'd then use as ammo to get me a bigger raise in 5 months when I go for my 1-year promotion.
Now, unfortunately they aren't back paying me the difference(or if they are, they haven't said so)-- which, I think, is one reason why they suggested such a high jump, as sort of an apology. So I still am "missing out" on some money, but honestly? Oh well. Check my post history: no debt, all my retirement accounts already maxed out, living just fine on 75k. The 15k difference (7.5k effectively for this year) is pure discretionary money at this point.
The raise still has to be signed off by a higher up in Finance, but things are looking bright. The extra money is gonna go towards a vacation fund for myself for later this year, with the excess going into investments.
All because my manager noticed an oddity on my compensation spreadsheet.
Submitted June 12, 2017 at 01:53AM by Flakmaster92 http://ift.tt/2sSnQkT
