{ "media_type": "text", "post_content": "Any thoughts if the comp increase will keep people in the firm?", "post_id": "61c235be01b485002de16a77", "reply_count": 18, "vote_count": 2, "bowl_id": "5e8b9b700d224c00229f3476", "bowl_name": "ClearView Healthcare Partners", "feed_type": "bowl" }
null

Any thoughts if the comp increase will keep people in the firm?

likefunny
Posting as :
works at
You are currently posting as works at

As newly promoted SC with a goodbye email drafted, I just turned down a job offer. Money talks, but I’ll keep that drafted email in the meantime…

likefunny

Yeah lol. My one takeaway from the process was that we’re highly desirable candidates...

likefunny

nothing like a good old 4% TC increase for SAs 😀 basically just covers inflation

funny

Uh, maybe for the SC+ w/o advanced degrees given the TC being a little harder to match/exceed with ease (since equivalent industry
gigs are not as easy to get with the low YOE), but for any of the A-C staff or people with MBA/PhDs, I doubt this is meaningful enough if they are already on the fence due to job experience/dissatisfaction, etc.

likesmart

Honestly yes. It won't keep everyone, but people with 2+ YOE will have mostly seen meaningful increases in base that might make them wait longer before taking offers. Enough people stay a little longer and teams start to have a different mix of experience which hopefully translates into smoother project experiences. Which then mean people stay even longer

likefunny

For me personally it won’t - even though it’s nice to have more $$ I’m fine with what I’m making already, and making more doesn’t solve any of the problems that everyone has identified ad nauseam on here (unrealistic expectations, understaffed teams, unsupported by PL/leadership, favoritism and bias, burnout, etc etc).

Hence I’d gladly take a $20-30k pay cut to go somewhere more functional and with better QoL. Of course others have their own perspectives (and if I were still on the C base my answer might be different) but personally there is a point when throwing more money at a problem doesn’t solve things any longer. So now to actually use my time off to start looking and applying.

likesmart

If I were a C making 110 now and getting raised to 155 vs SC at 140 going to 160-170 the decision is different — it’s not just the absolute increase but the relative that matters as well

likesmart

Just promoted and the raise is enough to at least keep me here another 6 months

funnylike

Hmm probably not - still more total $$ to start accruing annual bonus at new company early 2022 than sit it out at CV for part of the year, despite considerable base salary bump! To make it worthwhile, you’d have to be willing to commit to staying at CV the full year

smart

That’s what I did, it’s still more than my raise 🙂

likesmart

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