For the execs on here: it costs 33% of a worker’s salary + the salary of a new employee to replace someone who leaves.

Remember that the next time you decide not to give someone a 10% raise.

Post Photo
likehelpfulsmartuplifting
Posting as :
works at
You are currently posting as works at

Raise? What is it? Is it food?

like

So if I give nobody raises and only one in four leave, I'm ahead? That's great. Don't think it's the point you were trying to make, but still great.

FYI your math is bad: the cost to replace is a one off rather than a yearly salary cost. Not saying people shouldn't get raises, but you should also understand how your business works.

likeuplifting

Attrition is a winning strategy.

Thank you for pointing out the difference between a one-time cost and a recurring cost @Consultant1, I don’t know what we’d do without you.

Snark aside, you only come out on top financially if you hire cheaper, usually inferior, talent to backfill that job. And that doesn’t even take into effect the impact on employees adjacent to those that leave - they also have a higher rate of attrition from the increased workload, which means more wasted money on more new hires.

In my humble opinion, withholding raises on a large scale is a cheap fix that backfires in the long run (my wife is a consultant, I’ve seen the numbers). It’s bad management.

likesmartfunny

Agencies: delivering slightly less than promised to employees and clients alike since 1869!

likefunny

Funny, true story. I ran a department where they’d hired a mid level cw and she started about the same time I did. Maybe just before. Anyway, it was clear that she had the goods. Super smart. Super creative. Super strategic. So I just kept giving her more responsibility and she kept outperforming expectations. I literally promoted her and bonuses her as much as I possible could under the rules and guides of the holding co network agency where we were. Within 2-3 years she’s the CD on our biggest account. Just killing it. And because of all the limits they placed on raises and bonuses—she was only making like 100g a year. As CD on our biggest account, overseeing a team of like 8-10. It was totally bogus. I fought like hell to get her what I could. I mean like conference calls and a million forms to get her some $. The agency was big on lip service for female leadership and D&I. I kept bringing up all the pr releases and Cannes round tables they hosted about empowering women, and I finally got her an extra 30 grand a year. She was still underpaid in my opinion but I fought for it and got her everything I could. Moral of the story? Less than a year later they laid her off with a bunch of other people because our profitability numbers were off. And I was let go in the next round of layoffs. Agencies are the worst. All of them. If you ever trust them further than you can throw them, you’re a fool.

like

Why bother replacing them when you can just give their work to the guy sitting next to them?

likeuplifting

TEN percent? Where do you work, Narnia?

likefunny

And 70% of statistics influence 46% of decisions—62% of people know that!

like

Math is hard.

They're well aware, but it doesn't really cost them anything tangible. That cost will be a slightly worse product of indeterminate blame, and a few more hours they wage thieve from the team to train them/pick up the slack.

Conversely, that raise is a real cost to their P&L, it probably impacts some key metrics around their own performance, or even a bonus.

Companies are just groupings of people acting in their own interests, under various constraints that generally align that self interest with the company.

33% or MORE depending on if you use a headhunter, if you hire cheaper you might get worse talent, etc.

Related Posts

like
like

What is a good mid level (5+ yoe) Data Scientist salary range in Raleigh, NC ?

like

Asked for a raise and was told to wait for the annual raise period even though I was doing extra stuff on top of doing my job at a very high level and they would not budge at all. I started looking around 2 months ago and I just signed an offer for a new position with a raise just above 50% of my current salary. Know your worth and go get it!!!

likeuplifting

Do we have option to include stock in salary structure in FIS to save income tax?

like

Tips on how to deal with my direct report, the CMO, that won't honor the bonus structure in my offer letter? Over the last 2 months he's come to me with 2 re-negotiations, both lower than the original. I've countered saying I'll accept a lower bonus structure if my base is raised. Not sure who else in the company is involved/aware - he's my only point of contact. I'm 6 mths into the job and enjoy it, but this is a major red flag. Should I find a new job or hold my ground and see what happens?

like
like

How much of a pay cut would you take to go client side...with annual salary adjustments, yearly bonus, better benefits, and shorter commute and a lot less stress?

like

Do KPMG employees get a referral bonus for suggesting professionals to the company? I have applied for a very interesting (to me) role that I’m very qualified for and would love to at least get to a recruiter screen. Looking at my network, everyone I knew there has moved on. If anyone here is interested in learning more about me to see if comfortable providing a referral, I’d welcome any direct messages! 🙂

like

Anyone know what the average wage for working in a bar/ restaurant in Dubai is I’m thinking of taking an offer to work there but I’m not sure what I should be looking for salary wise

I have total 9 years of experience. 7 years in India and 2 years in Germany. I have been contacted for Test Lead position by TietoEvry for India location. What salary should I expect for the role ?

like

Planning on having a conversation with my manager about my performance review and then I’m going to ask for a raise! Any tips on how to ask or structure the conversation? Also, what is a fair amount more to ask for? I’m thinking 15%.

like

Hello Fishes,

I am looking for suggestions how to negotiate position and Salary,

I am scheduled for Salary Negotiation interview in Johnson controls.
They are offering me Deputy Manager however I want Manager in Accounts and Finance - AR

YOE 11 in OTC - AR Finance
Current Role - AM
Current CTC 6.8Lac (Under Paid)

Is $100K CAD a reasonable salary for a Senior Art Director in Pharma?

like

My salary slip is generated but salary not credited to bank account and currently I am on notice . Any specific reason why salary not credited

like

Hi fishes,
Please suggest best among below offers
Exp 6 yrs
Technical Microsoft Dynamics CRM developer
Offers: need to join 26 th only two days more to go timely response helps me
BIRLA SOFT 22 LPA - hp client
Wipro 21 LPA - HSBC client
Robert Bosch - 21 lpa
Cognizant - 22 LPA
HSO 21 .5 LPA

Thanks

like

Anyone have any idea what bonus (%) usually looks like for a first year C?

like

What are the best companies to exit to in Canada with respect to compensation?

like

KPMG I cleared all the rounds of my interview with KPMG and was asked to provide necessary documents and fill a CAF form a week back and had a HR discussion too. I have requested for about 3Lakhs additional fixed pay since my current CTC has increased and HR said she will get back on this. It's been a week and haven't heard back on the offer letter. How long do you think I should wait. Please wait.

like

More Posts

Deadline to Answer was missed, judicial default was entered, then a Default Final Judgment was entered without a hearing. Would this be an additional grounds for a Motion to Set Aside/Vacate? Assistant forgot to the calendar deadline, and when judicial default was issued, assistant was assigned to file the Answer/Counterclaim, but did not. Soon after, she quit. Was first put on notice when DFJ was issued.

like
like

Does anyone else use inflow?? It did a nice update last night and now I’m lost AF for uploading a pbc list. Any help would be appreciated

likehelpful

San Francisco! What are your ACD and CD salaries? And your agency if you care to share.

like

Any tips on moving from Canadian cyber risk space to US-based space? Any ideas what to expect?

Currently looking to move to FAANG or another firm and looking at potentially going across the border.

like

What is lowest acceptable salary for being promoted to executive digital producer in NYC?

Soon to be graduating from an MBA, and won't be able to attend a graduation ceremony or grad party - is it something life changing that I'll be missing out on?

like
like

What can your agency do to make things easier for working parents?

Hi! Any Female 🐠 interested in working remotely together sometime next week (from East coast - working remotely during a BFs work trip). Probably going to try a cafe in SM! 27, ERP Impl consultant

Hey all,

My baby is measuring very big but doesn't seem to be coming on her own, so doctor wants to induce around my due date (I'm 39 weeks pregnant now).

Any risk factors I should take into consideration? Things I should make sure to bring up with my doctor ahead of time? This is my first baby.

Hello! Would anyone be able to explain what the EYP Private Equity group is? Is that under one of the service lines (TRS, TSE, Strategy) or something else? Just looking for any insight / details to better understand what it’s all about!EY

like

brb...applying for a new role

Post Photo
likefunny

If u got an offer and usdc matched it but said u may need to move to core ( increased travel) would u stay or move to core/usdc?

like

Training specialist/consultant looking to break into Federal/Government/Public sector space with over 10 years of experience. Any advice would be greatly appreciated.

like

Planning a weekend in Raleigh next month. Where should I eat? Looking for food-based recommendations with a preference for outdoor seating 🌞

like

Can someone explain how Visa's EAP program works? The cigna site says 7 sessions per issue. I see a drop down for type of issue. What if you have the same issue recurring and need more sessions? Can you select the same type of issue again?

like

Hello
I got a offer from ITC Infotech but they provide GIC department so I'm confused what is mean by this kindly suggest

like

How is she 13 years old?!?

Post Photo
likeuplifting

How much does a manager at an IB make? Like around what?

like

Additional Posts in Advertising

What do you do when you don’t trust your boss? They have been seen lurking around corners when our team is talking with each other. When he/she got in trouble for over working the team, cont’d...

like

Most aesthetic agency spaces in NYC? Don't judge a book by its cover but some offices are 👌🏼

likehelpful

Looking for practical advice on improving my attitude to work.

So imagine an imaginary scale where 0 is the worst piece of work a studio could produce and 10 is the best possible outcome.

As an animator working in an agency, I normally end up involved in projects towards the end, so by the time I get my hands on a project I can add between 1 and 3 depending on how much effort I put in.

If a project is a 3 when I get it, how do I summon the energy to make it a 6 that I could to make a 7 a 10?

like

To anyone who got hired as a creative team (CW+AD), what questions did the CD ask you and your partner during a job interview?

like

Calling all NY Agency Creative Directors: What are your salaries?

like

What's with the JWT discrimination suit and what's that all about it? Is discrimination really a thing in our industry? 🤔

like

I’m looking for some new things to read or listen to — doesn’t need to be ad-related. Books, podcasts, whaddya got?
I’m not really into fiction, but open to anything. Last books I enjoyed were Junior and Moonwalking with Einstein, last podcast I binged was Startup (Gimlet).

like

Merkley and partners? NYC?

like

Have a great day everyone! Things will be ok.

likeuplifting

How involved are PMs at your agency? What are their responsibilities on different types of projects? Ours seem to be resource managers and time trackers only. Feels redundant.

like

Does international experience (media) even matter anymore in this industry? As in a US citizen working abroad then coming back to the states Any experiences to share on compensation, career growth.

like
like

Burning question: Laundry Service tried to counsel Papa John’s on potential media crises and John blows it like the idiot he is. Where was Edelman in all of this? Aren’t they the PR firm?

likesmart

Can anyone explain that thing where someone does a call with their phone on speaker, but it’s just them on the call? Just them shouting at their phone that’s 2 feet away? In an open floor plan office?

like

It's refreshing to see a 🏳️‍🌈 Month ad that's NOT just the product being rainbow-wrapped. What do you think about this tagline?
"A queer drink for diverse drinkers"

Post Photo
likesmartfunny

With layoffs slowing down. Does that give anyone reassurance of things going back to normal?

likefunny

Just saw a banner ad for Smirnoff. Headline: Welcome to the FUN percent. Y’all need to stop it with this nonsense.

likefunnyuplifting

What's the deal with BBDO LA?

like

Can an American creative freelance in London? What visas do you need? Anyone done it?

like

Who’s hiring? Anyone? Bueller?

likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal