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Bonuses are impacted significantly by performance. Raises may be impacted by performance, but significantly less so than the impact of the local labor market. Why doesn’t anybody understand this? You aren’t suddenly way more valuable because the firm had one good year.
For promotion from senior to manager and only for a 10% raise and I was a 1 rated. Was 1 rated last year and had the same raise in non promotion year. I thought promotion year should be a higher increase.
Most people I have talked to have been happy with raise and bonus. Might be more a reflection on your performance
Love how all the big 4 talk about revenue but not margins and profit $ per employee. Who gives a damn about a 10% increase in revenue if you are taking on new work at low margins, existing work at lower margins and have headcount labor costs increase at a faster pace than revenue.
I also got promoted this year (Tier 1) and got the same raise as non promotion year. I too had thought it would be a higher increase. That’s what I had always been told
What’s the % raise this year?
I feel like it’s probably always the same right? Wasn’t it just the bonus that was supposed to increase?
What service line?
PwC 2: i dont know if it applies to all. How can you explain of someone promoted to manager this year with only 4k bonus and 8k increase from
Senior to Manager :). This is legit.
Ouch!!
PwC 4: well somehow I agree with you because what matters most is what makes you happy and feeling satisfied. Getting promoted to manager is satisfying as long as you don’t mind and compare your bonus and increase to what others are getting (specially those who got higher bonus and increase but not promoted).