[lug] getting started in the IT industry, focus on FOSS

Kenneth D Weinert kenw at quarter-flash.com
Tue Dec 22 19:10:06 MST 2009

Hash: SHA1

Nate Duehr wrote:

> Wait? You still get annual raises?  I thought all companies gave those
> up for Lent a few years ago.  LOL! 

Yeah, we're one of the few that's still growing and profitable. Last
year folks that made over 50,000 got 2% at the start of the year with a
promise of 2% more at midyear if the company was doing OK - which we did
get. People under 50K got the entire raise at the beginning of the year.

This year they're moving everyone above "menial task" level (it seems)
into a transition into the bonus plan, so we'll get 50 shares of
restricted stock that vests in 6 months and then on 1 Dec (start of
fiscal year) be on the bonus plan (currently 5% at years end if the
company meets whatever the target is they're aiming at.) I'm not sure
exactly of what "level" creates the barrier between bonus plan and merit
increases, but I do know that there's no one in a technical job that's
on merit increases any more.

Version: GnuPG v1.4.9 (GNU/Linux)
Comment: Using GnuPG with Mozilla - http://enigmail.mozdev.org


More information about the LUG mailing list