Managing Team Compensation Flashcards
1
Q
TRUE/FALSE
Always assume that everyone on the team talks about their compensation
A
TRUE
Yes. Always assume that everyone on the team talks about their compensation.
2
Q
How should you split the compensation discussions during the year?
A
Split into 4 quarters.
3
Q
What is Role Progressions?
A
a performance-based salary increase that doesn’t require a promotion
Role Progression | 5-7% increase
4
Q
The promotion provides what percentages increase.
A
10% - 15% increases
5
Q
Annual Compensation Reviews
A
tool for correcting pay inequalities across your team, and ensuring parity.
6
Q
Total Compensation formula
A
base salary + bonus + equity
