Comments on: Personal Finance Review – Job Review Edition

By: Ben

Ben — Fri, 15 Jun 2007 19:59:18 +0000

If you’re promoted to a new position you receive more than a 3.5% increase. The range for the annual merit increase is 2 – 4% but most people don’t get as low as 2% or as high as 4%. Not very good motivation to excel in my opinion.

By: Jim

Jim — Fri, 15 Jun 2007 13:11:58 +0000

So is 3.5% the absolute maximum raise that someone can receive – even if he/she is doing a stellar job?? That’s not even enough to keep up with the pace of inflation!

My manager is actually completing mid-year reviews right now as well and he uses an Excel spreadsheet which seems to make his life a little easier. He basically grades each individual on multiple performance objectives on a scale of 1 to 5 and after entering in a few comments here and there, a score and subsequent raise is automatically calculated. Anyway, I thought it seemed like a pretty simple and objective way to go about it. Good luck to you!

By: Ben

Ben — Thu, 14 Jun 2007 15:22:51 +0000

Thanks for your value-adding comment bob.

By: bob

bob — Thu, 14 Jun 2007 12:38:20 +0000

Quit spamming other sites jerk.