Can any PPMDs chime in on the comp statements? For the most these are terrible increases. Do you guys & gals agree with what the firm giving your main resources? I don’t understand how it makes sense to have people leave and you pay the incoming people more, as well as, spend more time and money in training them. Just trying to understand the rationale. Wouldnt it make more sense to keep your people happy?

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The partners aren’t idiots. The reason they’re paying us peanuts is because we’re replaceable. There’s an equally disgruntled person at some other firm applying for our spot right now. It’s cheaper to eat higher turnover costs in exchange for paying way less, at least in the short run (before the current PPMDs retire and have their pensions guaranteed).

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Yes, and the very top of the food chain is insulated from any downstream impacts of this. They are all about short term unit value.

Well, do the math - for everyone 10 people that leave, 90 people stay anyway. It’s a net positive for the firm on a macro level.

If attrition is higher than desired, offer retention bonuses, have your ceo promise awesome eoy raises and bonuses, move up bonus payouts a few months, etc.

It’s what we would advise our clients

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Let’s see how June 11th goes... Resignamas

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Hate to break it to you. Most partners have no say in practitioner comp. Only a few leaders and talent make the decisions.

OP, what were your performance ratings?

2.1% increase

Churn and burn labor model

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