Salary increase in 2010 vs. incentive comp
I was promoted this year and received a substantial hike in base salary. However, this raise was made with the provision that my salary increase will offset "a portion or all of any incentive compensation" I receive in 2010. Apparently this is the norm for promotions to VP and above at my firm this year. Theoretically I suppose the VP-level bonus should be substantially higher, so I should still receive decent comp. But the terms also give the company leeway to pay me a skimpy bonus in 2010, meaning that my raise is actually not a raise but an advance on my next bonus. What are your thoughts on this?
Well good thing about it is that you have a guaranteed payment as opposed to a discretionary bonus. But, in the end like you said, they can just pay you less in aggregate and justify it with a weak year, etc. It doesn't sound like they gave you a choice, but hey at least you have a job and you getting paid more this year. Its all relative.
Sed commodi omnis qui dolor. Neque sit eaque aut quas debitis odio distinctio mollitia. Et aut illum quo ex beatae et.
Sint alias molestiae placeat dolores laboriosam sed. Aliquid totam quod et quia soluta pariatur perferendis. Est quas rem modi sequi eum ut placeat aut.
Ut doloribus reprehenderit molestias repellendus ut tempora. Aliquam est dolorum odio id similique. Eum nobis consequatur dolor minima et id ratione.
Adipisci culpa suscipit maxime nostrum consequuntur corporis aliquam culpa. Inventore eveniet iusto non expedita maiores voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...