Quote:
Originally posted by Eclipse
Most organizations who have this policy (no going over salary grades) will allow emplolyees to receive a "bonus" instead of a raise. The bonus is a lump sum and does not apply to your base salary.
She/he should have also mentioned that salary surveys are done on a yearly basis (at least I hope they are) to make sure that salaries are competative in the market, so you may not actually "max" out, even if you are close to the top because salaries are adjusted on a yearly basis.
Finally, someone else mentioned the possibility of promotion and I agree. If the associate is valuable to the company they should look for ways to place that person in another roll (at a higher grade) that will allow them to continue to contribute.
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It was made clear there would be no bonus, no compensation thru additional vaca time--nothing.
The HR Manager told us she is well aware there is no where to advance in the company-we are all stuck where we are-- so we could cross train. According to the HR Manager cross training "should be a much appreciated form of compensation. It says we realize you are a benefit to the company."
As far as salary surveys being done on a yearly basis-- no. They would review the midpoints every year or so, just to make sure the cost of living did not effect it. We also will not receice COL adjustments. We were told (in so many words) it is not their problem that the cost of living increased.
Hummmm..... maybe looking for a new job would be a good idea!