For the longest time, salaries capped out at grade 15. Now there's grade 16 with a max comp of $450,500.
Makes me wonder... is this a move to accommodate the new "managing director" role, or a means to bump up GP W-2 comp while reducing the GP partnership payout. The old, "GP returns will be lower to be allocated to LP/SLPs, but we will increase their salary to make up the difference".
This place disgusts me
@am no u
@am the reaction one has when their pyramid scheme gets called out
@am/ELT has entered the chat.
What’s even worse about having a new, higher grade level added in is that it likely will be incorporated into the bonus pool that is shared with all the other grade levels.
Because the bonus pool allocation is EXTREMELY top heavy, that means the highest grade levels will take even more of the pie before it trickles down to the majority of associates in L7-11.
Shut up
@OP - I left in June after my bonus…I couldn’t stomach it further.
The 16 salary grade is for Managing Directors.
The grass is greener when you find the right patch, there are no more worries over the fertilizer here.