T.R | Title | User | Personal Name | Date | Lines |
---|
2151.1 | Phooey | BOT000::LANE | | Thu Oct 08 1992 10:11 | 1 |
| Whatever happend to the English language?
|
2151.2 | what does this mean in English? | CVG::THOMPSON | Radical Centralist | Thu Oct 08 1992 10:11 | 10 |
| > Four Quarterly Effective Dates for Increases--
> -March, June, September, December
> -Common Effective Date for Exempt and Non-Exempt Increases, the
> Second Monday of the increase month.
In other words if your review is in the beginning of April
rather than see your raise at the end of April you will see
it the second Monday of June? Is that right?
Alfred
|
2151.3 | | SAHQ::LUBER | There'sGonnaComeATimeWhenImGonnaMangeYourMind | Thu Oct 08 1992 10:17 | 4 |
| No doubt this new plan will provide a convenient excuse to push back
everyone's salary increase one quarter. It's only a matter of time
before we go to yearly paychecks to reduce the cost of payroll
processing. They'll probably hold back a year, too.
|
2151.4 | | SQM::MACDONALD | | Thu Oct 08 1992 10:17 | 10 |
|
Re: .2
By George, I think you've got it!
But not until June. :^(
Steve
|
2151.5 | | SAHQ::LUBER | There'sGonnaComeATimeWhenImGonnaMangeYourMind | Thu Oct 08 1992 10:20 | 3 |
| I guess it doesn't really matter -- soon our entire paycheck will go
towards the cost of the medical plan anyway. Frankly, I'm getting a
little tired of bending over.
|
2151.6 | Memo from Don Zereski | TODD::WARNOCK | Todd Warnock @CBO | Thu Oct 08 1992 10:21 | 69 |
|
I N T E R O F F I C E M E M O R A N D U M
Date: 07-Oct-1992 06:07pm EDT
From: Don Zereski
VP.ACCOUNT.SALES AT A1 at SALES at MRO
Dept: US Area
Tel No:
TO: See Below
Subject: SALES COMPENSATION
Some recent publicity, including an article in the current
issue of Business Week, has reported incomplete or inaccurate
information about Digital's Field Compensation. Let me
summarize what is actually happening.
The U.S. Team, working in conjunction with our Compensation
Group, has been developing a Sales Incentive Program. The
program is one of many steps designed to generate revenue and
return the Company to profitability. One feature of the Plan
is substantially enhanced upside earning potential for Sales
employees. Details of the plan will undergo one final review
at a joint management meeting to be conducted during the week
of October 12, 1992. Assuming no major changes are required,
the full details of the program will be released by October
19, 1992.
A few key points which will not be altered:
o Everyone will get full credit for all orders
processed for the fiscal year.
o The sooner the orders are in, the better in
terms of incentive payments.
o The maximum reduction in salary for the
remainder of Fiscal Year 93 is very small and
is earned back with immediate payment based
upon your percentage of performance to budget
in January.
o The upside for those who exceed budget is
immediate and potentially very substantial.
What we will introduce is not a commission plan. It is
an incentive compensation plan with much better payout
for over-achievers. We have been very cautious about
releasing the details which we want to have all Level II
Sales Managers review to be sure we did not miss
anything. The plan itself was designed by a team of
some twenty-plus managers; the majority of whom were
Sales Managers! It's a good plan, a great step forward,
and one which I am proud Digital's top management has
supported!
Remember, sell it now! You will get full credit for the
year! It's in your and Digital's best interest.
Good Selling,
Don
DIGITAL INTERNAL USE ONLY Document
|
2151.7 | | BOT000::LANE | | Thu Oct 08 1992 10:31 | 5 |
| re .6
I don't get it. The memo states what's going to happen, when it's going
to happen and what the purpose is. In addition, it's made available to
the general public the day after it's written. What's going on here?
|
2151.8 | | TOMK::KRUPINSKI | Repeal the 16th Amendment! | Thu Oct 08 1992 10:38 | 7 |
| For those not privvy to the buzzwords of those deal with salary
programs, such as myself, it is opaque. Sort of like if I tried
to explain a software application to them by quoting the programming
language code that the application was written in. I wouldn't
do that to them, they need to speak to us in our language, too.
Tom_K
|
2151.9 | | SAHQ::LUBER | There'sGonnaComeATimeWhenImGonnaMangeYourMind | Thu Oct 08 1992 10:59 | 9 |
| re .7
What's going on here is that the base note has already been set hidden,
so you were premature in your response. Fortunately, I extracted the
base note before it was set hidden, and I'm sure others did also. No
use closing the barn door after the horses have gone.
Bascially, management wants to implement this plan, but they don't want
us to know about it because it is a plan to delay salary increases.
|
2151.10 | Notes hidden... | SCAACT::AINSLEY | Less than 150 kts. is TOO slow! | Thu Oct 08 1992 10:59 | 7 |
| I have set .0 and .6 hidden as they contain mail messages. Digital P&P
prohibits the posting of mail messages in notes conferences without the
permission of the author of the mail message. As soon as a DIGITAL
moderator receives a statement from the notes authors that they have
permission to post the mail messages, the notes will be un-hidden.
Bob - Co-moderator DIGITAL
|
2151.11 | To summarize | STAR::DIPIRRO | | Thu Oct 08 1992 11:04 | 16 |
| My base note was set hidden because I didn't have permission of the
author to post the memo here. Since it had a mile of forwarding headers
when I got it, because it said to distribute to all line and HR
managers, and because it affects us all, I didn't think there would be
any harm in posting it here.
Instead of seeking the author's permission, I can quickly summarize
the memo. Basically, instead of having salary increases possible 12
times a year (each month), they want to reduce this to 4 times a year
(quarterly) and do WC2 and WC4 together. This will reduce the overhead
and lessen the burden on our overworked managers, who can now spend
that regained time doing something more productive (use your
imagination).
This is once again expected to lengthen the time between salary
increases. The dates for salary increases will be March, June,
September, and December (second Monday of the month). The spend number
in the U.S. for 1993 is 4.4%.
|
2151.12 | | BOT000::LANE | | Thu Oct 08 1992 11:24 | 3 |
| My comments in .7 were refering to the memo in .6. I was being sarcastic.
I guess I needed to put a smileyface on it. Hopefully, .6 will be made
available again to all; it's well done.
|
2151.13 | | CVG::THOMPSON | Radical Centralist | Thu Oct 08 1992 11:51 | 11 |
| Reply .6 is/was a memo detailing the proposed changes to the
compensation plan for field sales people. Boiled down it said
that it wasn't a commision plan really. Bookings (CERTS?
Something) that were part of the first half of FY93 would
be figured in. Also that the drop in base pay would be small
and would (mostly? probably?) be taken care of by normal
sales. It was sort of a "don't worry. You'll be fine" sort
of memo. It also said that people who really performed would
get very nice compensation. More or less.
Alfred
|
2151.14 | How is this easier ??? | VICKI::DODIER | Food for thought makes me hungry | Thu Oct 08 1992 14:25 | 9 |
| re:11
The "over worked" part doesn't seem to make sense. If a manager had
twelve workers under him, and each one was due in a different month,
instead of doing salary increases for one person a month, they'll be
doing 3 every 3 months. The net amount of work is the same. It's just
all lumped together.
Ray
|
2151.15 | .6 Un-hidden | SCAACT::AINSLEY | Less than 150 kts. is TOO slow! | Thu Oct 08 1992 14:39 | 3 |
| .6 has been un-hidden.
Bob - Co-moderator DIGITAL
|
2151.16 | | SWAM2::MCCARTHY_LA | They gave me the Digital salute! | Thu Oct 08 1992 14:40 | 10 |
| Further to .13, the .6 memo was prompted by an article in Business Week.
I guess I'm surprised (am I?) that country-level management released
the information only in reaction to an incorrect report in a
mass-circulation magazine, rather than communicating the correct info
quickly and openly in the first place.
The other eyebrow-raiser for me was an attempt to reassure Sales
IC's that this would be a really good plan, since a whole bunch of
Sales Managers were on the committee that invented it.
|
2151.17 | Warning: spin doctors at work | SAHQ::LUBER | There'sGonnaComeATimeWhenImGonnaMangeYourMind | Thu Oct 08 1992 15:01 | 4 |
| Reply .11 accurately summarizes the content of the base note. However,
it does not convey the tone -- which is clearly to delay salary
increases for a quarter under the guise of saving administrative work.
What a crock. I wonder if Bob Palmer even knows about this.
|
2151.18 | Unemployment vs. Salary Delay | ELMAGO::JMORALES | | Thu Oct 08 1992 16:08 | 10 |
| Lets say for the sake of argument that this is true and that what
top management wants to do is in fact delay salary increases for one
quarter..........Under the severe economic conditions (world wide) but
more specifically under the red ink (lots of it .....addin up to $
1 billion) that we're showing (will not argue who's falt it is !)
I personally prefer to have a delay in salary, than to be looking for
a job........If you want some actual facts and opinions, go ask the
several thousands that are still looking for a job after the most
recent TFSO's.
|
2151.19 | It's not the act, it's burying it in weaselwords | SWAM2::MCCARTHY_LA | They gave me the Digital salute! | Thu Oct 08 1992 16:21 | 11 |
| re: .18
Well, I think by now, we're all familiar with the sacrifices necessary
for continued employment with Digital. You and many others have made
their peace with that.
That's not the issue, IMHO. The issue is using all this gobbldegoook
and doublespeak to avoid saying "we are introducing a three month delay
into the salary review process in order to save the corporation some
money."
|
2151.20 | Always look on the bright side . . . | CAPNET::CROWTHER | Maxine 276-8226 | Thu Oct 08 1992 17:24 | 7 |
| re .11
I don't see anything in .11 that states that salary increase will be delayed.
I only see that they will be processed once a quarter. I assume that as many
will be pulled in as pushed out. Since I didn't see .0 I can only look on
the bright side :*)
|
2151.21 | I'M THINKING RETROACTIVE | ELWOOD::PITTER | | Thu Oct 08 1992 17:39 | 5 |
|
re .20
Oh yeah... and don't forget it didn't mention that since your being
pushed out the pay increase will be retroactive ;);).
|
2151.22 | Seemed OK to me | SMAUG::GARROD | Floating on a wooden DECk chair | Thu Oct 08 1992 18:38 | 15 |
| One other thing .0 said that is important. No longer will we be held to
those ridiculous participation metrics (the 80/20 rule). Individual
managers get to decide what the frequency is for pay raises. You can
choose to peanut butter the 4.4% or you can push people out of the plan
to wherever you want and hence give those in the plan bigger raises.
I actually thought it was reasonable. If managers have the guts to do
it it actually allows us to pay for performance. The 4.4% is pretty
stingy, way down on this year but I for one am not surprised given the
deep shit this company is in.
By the way wonders of wonders I actually got the memo through official
channels (from my manager).
Dave
|
2151.23 | | WLDBIL::KILGORE | Bill -- 227-4319 | Thu Oct 08 1992 18:56 | 13 |
|
re .20:
The memo indicates that the raises that would have taken effect in
January, February and March will now take effect in March; similarly
for June, September and December. On average, I believe this means that
all raises will be effectively pushed out one month; the memo also
admits that a result of the change is "longer frequency intervals
overall."
The salary planning period, which to the best of my knowledge
traditionally started in November, will now start in December.
|
2151.24 | a good plan! | KELVIN::BURT | | Fri Oct 09 1992 07:49 | 18 |
| how many pay freezes have "older" deccies been through? I've been
through one, it hurt, but I got over it and kept my job. Just think,
they could implement a 12 month pay increase freeze! I can just hear
it now (halloween would come early with all the wailing and moaning
that would cause! 8^) ).
This is one feature that I actually like! It streamlines the
corporation, it increases accountability, it promotes increased
performance, it allows easier (and maybe more lenient) management of
salary planning/budgeting. A manager knows that they'll have x amount
of dollars to work with 4 times a year instead of running out at the
end of the year for those unfortunate few or (on the flip side) insures
that those early in the year get a fair shake instead of being cut
short becasue "we have to make this money stretch for a whole year."
I hope the next change would be to pay us every 2 weeks/twice-a-month.
Reg.
|
2151.25 | Bi-weekly pay was "Decided not to implement" | MUDHWK::LAWLER | Employee says 15000 analysts must go! | Fri Oct 09 1992 08:21 | 16 |
|
I hope the next change would be to pay us 2 weeks/twice a month.
Unless it's one week in advance, and week in arrears (or 2 weeks
in advance) it's illegal in massachusettes unless it's part
of a union collective bargaining agreement, or the employer
in question is a "railroad parlor sleeping car corporation"...
This was discussed significantly elsewhere at about this time
last year, and somebody posted the applicable N.H. and Mass
statutes prohibiting it.
-al
|
2151.26 | | SAHQ::LUBER | There'sGonnaComeATimeWhenImGonnaMangeYourMind | Fri Oct 09 1992 09:26 | 4 |
| re .25
I still say that DEC is missing an opportunity to pay its employees
only once a year and hold back a year.
|
2151.27 | About getting paid bi-weekly... | MCIS5::KAMPF | Don't think we're in Kansas any more | Fri Oct 09 1992 09:50 | 15 |
|
re .24 and .25 and .26
> I hope the next change would be to pay us every 2 weeks/twice-a-month.
My husband gets paid every two weeks, and it is not 1 week back and one week
forward. He gets paid every 2 weeks for the previous 2 weeks he just worked.
I also used to get paid every two weeks, same deal. Iworked 2 weeks, then
got paid the next Thursday for the previous 2 weeks.
In both cases they are high-tech companies, but smallwe firms. Can someone
explain? Is it that smaller firms do not have the restriction?
Thanks,
Diane
|
2151.28 | Probably nobody really knows about it | MUDHWK::LAWLER | Employee says 15000 analysts must go! | Fri Oct 09 1992 10:52 | 12 |
|
No - typically it is because they are in violation of the law and
don't know it. (Or the companies are unionized.)
If I can find the applicable law, I'll post it, but in the
meantime, check back through here for the discussion on the
bi-weekly pay proposal. The law got posted here.
-al
|
2151.29 | | MCIS5::BOURGAULT | | Fri Oct 09 1992 11:07 | 9 |
|
I think one other possibility about the every two weeks paying may have
something to do with where the home office of the company you are
working for is located. I worked for one of the Big 8 accounting firms
and we got paid every two weeks. There home office wasn't in Mass.
though.
Faith
|
2151.30 | | THATS::FULTI | | Fri Oct 09 1992 11:15 | 10 |
| Al
Please, please, please....
Don't post the law....
ALL OF THIS was discussed someplace else, just find that place and give
a pointer. Lets not debate this again....
- George
|
2151.31 | ? | EMDS::MANGAN | | Fri Oct 09 1992 14:36 | 3 |
| raise, salary increase?*&#? Are we alll working in the same company??
|
2151.32 | What Are The Real Benefits Of Increase Delays | RANGER::NORTON | Future Brighto Salesperson | Fri Oct 09 1992 15:22 | 10 |
| I would appreciate a pointer, if my question has been answered
elsewhere...
As far as salary increases go, I am sure there is a "cash flow" reason for
delaying raises, but I have never clearly understood the difference
between a 5% increase over say an eighteen month period versus the
3.33% increase over a twelve month period. I would have always
preferred to get something small annually.
Charles M. Norton
|
2151.33 | Legal Questions....Legal Answers | ELMAGO::JMORALES | | Fri Oct 09 1992 18:11 | 6 |
| If I'm not wrong, the law that applies is where the company got
incorporated, not where the main offices are located. The
Certificate of Incorporation which contains the Charter has the state
where it was originally incorporated and the 'binding' laws that
'controlled' that incorporation.
|
2151.34 | | TEMPE::MCAFOOS | Spiff readies his daring escape plan... | Fri Oct 09 1992 18:12 | 8 |
| Well, considering the amount of time that has passed since my last
salary increase, I too would prefer to get "something small annually."
Actually, I would prefer to get anything annually. But, alas, no suck
luck.
;^)
Bob.
|
2151.35 | | LABC::RU | | Fri Oct 09 1992 18:16 | 4 |
2151.36 | a depressing shimmer of light | BUDDRY::D_RODRIGUEZ | Midnight Falcon ... | Mon Oct 12 1992 03:41 | 2 |
| Well, if the raise is on an annual basis, it still beats the rate of
inflation ...
|
2151.37 | Wang follows the law | ERLANG::HERBISON | B.J. | Wed Oct 14 1992 16:16 | 23 |
| Re: .35
> Wang is another company pay twice a month. Wang
> was and still is not small company. Wang is headquartered
> in Lowell, MA.
Yes--my wife used to work for Wang. The paychecks for the first
half of the month were mailed (and direct-deposited) before the
fifteenth of the month so Wang didn't pay two weeks in arrears.
My wife has been out of Wang for over a year, but my memory is
that the Wang pay schedule complied with Massachusetts law.
Massachusetts law places limits on how late salary can be paid.
Digital currently pays employees on each Thursday for the work
of the week before (e.g., on 15 October 1992 for the week of
4-10 October 1992)--a delay that is allowed by the law. If
Digital held pay for an extra week and paid on 22 October for
the period 4-17 October then the delay would be too long.
Digital could pay on 15 October for the period 4-17 October (one
week on time and one week early) but Digital would lose interest
by paying the money earlier.
B.J.
|
2151.38 | Mass. Law ? | SALEM::HICKEY | | Fri Oct 16 1992 12:33 | 3 |
| Re .24, .25 et al, I am not sure what Mass. law you are referring to,
however, all of my non-union friends who are employed by Raytheon are
paid once per month.
|
2151.39 | I told you so . . . | CAPNET::CROWTHER | Maxine 276-8226 | Fri Oct 16 1992 12:35 | 6 |
| As a manager I have received a mailing which states that the metrics for
this year for participation and timing have been removed to give
flexibility for planning.
See - I told you guys to look on the bright side :*)
|
2151.40 | | FREE::GOGUEN | Rhymes with Hoguen (oops, Hogan :-) | Fri Oct 16 1992 14:23 | 29 |
| I used to work at Raytheon ('78-'81) in Mass -- once a month was the
ticket. I believe we were paid at or near the 25th for the entire
calendar month.
Sure made that first month after graduating rough....
RE: other issues
Speaking of the "yearly" raise thing -- I thought it's already a
"policy" that raises are given anywhere from 12-24 months apart, based
on performance, and that the "average" in an organization should be
around 18 or so. At least that's what I remember being told around
where I work.
There have been TWO 6-month freezes since I've been here. The first
was during my first year here, so my first increase wasn't 'til 18
months after I was hired (that was '82ish). Of course, most folks got
yearly raises back then. The second was somewhere between 7/88 and
1/90, so that one wasn't too long ago....
Also, if they do hold raises off 'til months 3/6/9/12, it'll randomly
force an extra month or so on various folks, depending on when you
would have gotten your next one. I'm "up" for one in January. If I'm
scheduled to get another 12-month increase, it'll automatically be 14
months for me. If someone else was due in March anyways, they could
get it in 12. That in and of itself doesn't seem all too fair on the
surface, does it??
-- dg
|
2151.41 | Pay Raise? | CSC32::D_SLOUGH | Buddy Can You Paradigm | Fri Oct 16 1992 18:35 | 4 |
| These Pay Raise things everyone is talking about sound pretty
interesting. Where do you find one?
Dennis 'Once-a-DECade' Slough
|
2151.42 | | KCOHUB::DAZOFF::DUNCAN | When you see a quack, duck ! | Sat Oct 17 1992 00:10 | 24 |
| re: .24 ... only one pay freeze ... you're lucky. With my last employeer,
in 7 years, I got NO raises two years, less than 5% three years, and
about 10 % one year. (I left within a couple of weeks on my 7th salary
adjustment to join DEC.) So, IMO, if a person has only had one "delay"
in a DEC career of any lenght ... that's no too bad.
re: the "mass" law about paying every week ... hmmm.. out here in the
midwest, we don't much give a hoot about Mass law, but I will admit
that the idea of a state law governing when people get paid is pretty
interesting. Until now, I always figured that the weekly pay thing
stems from the fact that we're a mfg company. Paying weekly (or is
that weakly ?) is VERY common in manufacturing and construction. One
of the reasons these two industries pay this way is so they can hire
up and lay off quickly without the workers having to wait for a) their
first check or b) last check. At the same time, our company (a steel
mfg company) paid everyone execpt the plant people, bi-monthly.
Since we're a global company, why don't we tell Mass to take hike (not
a tax hike) and pay white collar people like the others ... twice a
month. I have to believe we'd save some money on 1) printer ribbons
2) clerical help typing the "@start_payroll_again_this_week" command
3) wire transfer charges
But then .... I like to get ANY kind of paycheck these days !
|
2151.43 | OH: Only WC2 and no where near what most complainer make. | KELVIN::BURT | | Mon Oct 19 1992 08:12 | 14 |
| Well, if I'm getting raises above and beyond everyone else (and the %'s
aren't up there by any means), then I must be doing something right for
DEC. Must be all that team playing, etc that others think I wouldn't
be good for. FWIW: I am now just making over what I was making when I
left the Army 10 yrs ago and for the first 3 yrs of my life in industry
after service, I saw minimum wage and the for the next 3 I went without
a raise or bennies (because I liked the contracting route). I went
permanent for DEC and had offers from mulitple org's and chose the 1 I
really wanted to work for and I'm still here still doing a great job
and still reaping the benefit of an almost annual payraise. Definitely
NOT part of the I've got mine club (except in the realm of raises), but
I must be doing something right.
Reg.
|
2151.44 | | WLDBIL::KILGORE | Bill -- 227-4319 | Mon Oct 19 1992 09:41 | 24 |
|
.40> Speaking of the "yearly" raise thing -- I thought it's already a
.40> "policy" that raises are given anywhere from 12-24 months apart, based
.40> on performance, and that the "average" in an organization should be
.40> around 18 or so. At least that's what I remember being told around
.40> where I work.
In the past, any of the above could have been spouted as "policy" -- or
anything else, for that matter. It's easy to be fast and loose with
"policy" when only a select few are privy to the actual information.
See, that's the absolutely astounding thing about the memo posted
(and since hidden) in .0. It specifically states that there are no
participation and frequency metrics for the coming year. Quite simply,
each salary planning organization is allowed to dole out an average
4.4% raise through 1993. These organizations are still allowed to do
what they will with this money; they can give each and every person
exactly 4.4%, or they can give some less and some more, or even push
some people out to the following year to give others even higher raises.
The point is, they are no longer being forced to push people out by a
corporate mandate. If people are being pushed out of 1993, it is solely
based on a decision by their management, and cannot be attributed to a
salary planning metric.
|
2151.45 | "Your Rights on the Job" | CASDOC::MEAGHER | It's time, George. | Mon Oct 19 1992 10:03 | 37 |
| Here's what one book says about the Massachusetts weekly wage law:
"Under the Weekly Wage Law, employees paid by the hour, by the piece, or by
commission must receive weekly paychecks. This provision of the law does not
cover agricultural workers. Payment every two weeks or monthly is illegal, even
if an employee 'agrees' to such an arrangement.
"Employees who receive regular salaries, that is, so much per week, month, or
year, may be paid weekly, biweekly, or semimonthly. Salaried employees may be
paid monthly only if the following conditions are both met.
"1. The employee elects to be paid monthly.
"2. Paychecks for the month are tendered at the end of the second week of
the month. Payment at the end of the month violates the six-day rule
described earlier."
I interpret this to say that the company could pay wage class 4 employees in
Massachusetts every two weeks (or twice a month) if it wanted to.
I highly recommend the book quoted above:
Your Rights on the Job: A practical guide to employment laws in Massachusetts.
Author: Robert M. Schwartz
The 3rd edition was published in 1992
Publisher: The Labor Guild of Boston
883 Hancock Street
Quincy, MA 02170
(617) 786-1822
The book is written in standard English, not legalese, and covers virtually
all the legal rights Mass. workers have. I have the 2nd edition (already out of
date in some respects), which cost $19.95 in 1987. I don't know the price of
the 3rd edition.
None of the Digital libraries have this book.
Vicki Meagher
|
2151.46 | Just another stupid law. | KELVIN::BURT | | Mon Oct 19 1992 10:34 | 14 |
| I see no problem with that, just make us all salaried! After all, when
I was employed they told me my _salary_ (and in writing) was x..., even
though I'm paid hourly. However, my group rarely sees OT to a point
where we ask: "What's OT?". I know most of what's expected out of
WC2's in my neck of the woods equates to WC4 work to the point where
the WC4's take our work away from us (and vice-versa).
It's a stupid law (like ALL laws!) and one that should be rewritten so
that if the employee prefers to elect weekly, bi-weekly, monthly they
should be able to do so.
Back to regularly scheduled programming...
Reg.
|
2151.47 | compensation pay plan announced | CVG::THOMPSON | Radical Centralist | Fri Oct 23 1992 08:57 | 27 |
| U.S. News LIVE WIRE
1993 Pay Program
The 1993 Pay Program has been approved. The Pay Program will include a
number of changes designed to reduce cost and improve management
productivity, while continuing to reward employee performance.
The most significant change will be the movement to quarterly implementation
of increases from the current monthly implementation schedule. Salary
increases are currently implemented twice monthly, once for Wage Class 2
and 3 employees, and again for Wage Class 4 employees. Beginning in 1993,
salary increases will be implemented only four times during the year, the
second Monday of the month in March, June, September and December, for all
wage classes.
The company has been exploring a move to fewer implementation dates for some
time. Making the change now will reduce cash flow expense during FY93,
allow the company to provide competitive salary increases, and provide
increased management productivity.
The new schedule will result in changes to some employees' salary review
dates. Some may be extended or shortened. Others will remain the same.
As in the past, managers will decide the frequency of increases for
individuals based on performance. In addition, the annual salary planning
process will occur in December, January, and February instead of the October
and November timeframe of past years.
|
2151.48 | | CVG::THOMPSON | Radical Centralist | Fri Oct 23 1992 08:59 | 5 |
| Of course this is still not in the clearest language. Hopefully someone
will explain it to my boss and he'll be able to tell me in English what
it means to me.
Alfred
|
2151.49 | A small part of the pay plan announced... | WLDBIL::KILGORE | Bill -- 227-4319 | Fri Oct 23 1992 09:21 | 17 |
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I guess we weren't supposed to see the memo in .0.
The VTX announcement discloses the only part of the 1993 pay program
(and of that memo) that absolutely had to be explained to us -- the
fact that we'll see salary adjustments at 4 quarterly intervals rather
than 12 monthly intervals.
The 4.4% spend number, the 15% promotion metric, the removal of
frequency and participation metrics -- in short, all the information
that would allow individual contributors to guage for themselves the
appropriateness of their salary actions -- seems to have been meant to
stay under the kimono.
To bad. I'd held hopes that we were seeing a new wave of openness. I
guess it was just a mistake after all...
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2151.50 | Hmm, Quarterly reviews | STAR::PARKE | True Engineers Combat Obfuscation | Fri Oct 23 1992 11:06 | 8 |
| Reminds me of the old days in some aread of the field, where you rushed to
do something at the end of the quarter to make the "numbers" look good.
Now, if you don't give raises til the end of the quarter, the "expenses"
look lower.
Looking at the change in salary planning time, I wonder if they are going to
shift the fiscal year. That can be done to advantage also.
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2151.51 | | SQM::MACDONALD | | Fri Oct 23 1992 13:45 | 13 |
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Re: .48
Alfred, What it means to each of us is simple: In the past salary
increases could become effective in each month of the year. In the
future, they will become effective only during four specific months
of the year. Practically speaking it means that some of us will
be granted salary increases and not see them become effective for
as long as three months.
Steve
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2151.52 | | CVG::THOMPSON | Radical Centralist | Fri Oct 23 1992 13:51 | 4 |
| RE: .51 I figured that much, what I want my manager to tell me is
if that means a 1,2 or 3 month extra wait for me.
Alfred
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2151.53 | Bend over. | CSOA1::DIRRMAN | | Fri Oct 23 1992 15:34 | 5 |
| ... wage class 2, 3, 4 --- uh - I think that does not mean the managers
-
just us little Peons. Yup - another 3 month postponement. I wonder what
the VPs would do if they were told that their increase was going to be
postponed for a couple of months. yep ---- I just wonder.
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2151.54 | Managers are Wage Class 4 | VMSMKT::KENAH | There's three sides to every story... | Fri Oct 23 1992 15:49 | 0 |
2151.55 | | JMPSRV::MICKOL | Do Nothing, Incrementally | Sun Oct 25 1992 23:00 | 14 |
| FWIW, the Compensation changes here in the Field seem to be going over like a
lead balloon. So much for motivating the Sales Force.
We in Sales Support have the opportunity to move to a Sales Rep job code and
then share the risks (10% pay cut) and rewards (up to $50K above base salary).
If this company had its act together where we here in the Field had the right
messages and the right products, I might be willing to make the change. As
things stand now, I'm quite happy right where I am.
Regards,
Jim
Sales Support Consultant II
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2151.56 | Do you have a copy?? | POBOX::RAHEJA | Dalip Raheja @CPO | Tue Oct 27 1992 16:04 | 9 |
| Did anyone save the memo in .0. If so, would you please mail me a copy
at:
Dalip Raheja @CPO or
POBOX::RAHEJA
Thanks,
Dalip
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