I have not had my salary adjusted (still waiting) but looking at my company provided life insurance which is 1x salary, my salary is different for 2021 then 2020. Anyone else?
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The variance is based on a bar calculation of base salary plus incentives like bonus and OT. This new number does not reflect salary going forward.
Looking at my benefit election by date (workday->benefits), it looks like as of August 2020 (pre-open enrollment) mine was the rounding of the midpoint of my salary range (SunTrust) which is slightly below my current salary
Looking at my benefit as of April 2021, it again matches the midpoint salary range but this time of my expected Truist grade.
I haven’t been told what my new job grade is, so this is just a guess.
I’m seeing a difference that would not adequate to a year end raise or any ‘incentive’ as my role has none. So I’m not sure what the difference truly is from.
I think they just estimate where they anticipate you’ll end up by the end of the year after your incentive
Where did you find this?