We have heard twice now of the company looking at salary benchmarking mid cycle to determine how inflation and other factors are affecting attrition and competitiveness.
Is this a line from HR to respond to questions about attrition and below inflation raises or is this something serious?
They were looking at benchmarks every year and they always concluded the employees are well paid. Why would anyone think they would find something else if they look at the same faulty benchmarks twice a year? In Hungary at least they had very well crafted methods to cheat with the benchmarks so it always showed the same as what they decided already. Same es their internal surveys. Gaslighting at its best.
It takes us 20,000 years to do a PDS cycle and eventually get said results or work a PIP. 0 chance of a mid cycle review. They can't chew gum and walk at the same time
DW underpaid again, poor thing. Check the SEC filings last week with the proxy statement, DW, Neil and Jack all got raises to base salary. Last year's cash bonus were also paid.
I know for a fact about a position in chemicals manufacturing we are trying to get a 5-10 year experienced hire for, and we’ve been turned down twice now because the pay was too low. Management can’t pretend we’re not salary competitive for much longer.
I've heard chatter about "mid-cycle raises" but I think it's just wishful thinking.
Somehow the results will show that we are all overpaid and DW is underpaid.
they can "look at it" but I bet the process is so cumbersome, and HR is so short staffed, that they couldn't do it more than once a year even if they wanted to