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Range Progression
Benefits & Compensation
Range Progression
Exchange ideas about health plans, retirement, work/life benefits, and employee assistance.
How long should it take an individual to progress from the bottom to the top of an 80/120 salary range? Not looking for science, just ballpark opinions/ideas. Thanks.
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Forums » Topic Forums » Benefits & Compensation » Range Progression
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Range Progression
posted at 3/1/2011 3:55 AM EST
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Posts: 2146
First: 2/15/2006 Last: 9/14/2011 |
At 5% raise per year, it would be a little more than 8 years. And right now a 5% raise is more than most minimums.
With a 3% which is more the standard I have been hearing lately, it would be closer to 11 years. Does your range include any larger promotions? If so, I could see where it could be as little as 4-5 years. |
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Range Progression
posted at 3/1/2011 4:09 AM EST
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Posts: 2442
First: 2/12/2000 Last: 9/14/2011 |
Actually
I have never seen anyone progress from the min to the max of the 80/120 range. Given that the ranges move in line with inflation and the regular salary increases do the same. So progression to midpoint by getting increases larger than inflation is only way to progress in the same range. Promotions normally take you to a different range. Mathematically a move from 80 to 100 is 25%. If inflation and rountine range movement average 3% and the person gets 5% every year it would still take 25/2 or over 12 years just to get to the midpoint. By then the person has either been moved to a new range or is gone......... |
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Range Progression
posted at 3/1/2011 7:53 AM EST
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Posts: 2146
First: 2/15/2006 Last: 9/14/2011 |
My calculations didn't take into account that ranges increased with inflation. Just purely moving within the range due to yearly increases. If you added that, then I agree it would take much longer without specific large performance increases -- which do usually mean a promotion to another range.
Honestly that is a large range and I do agree that it is very possible to never hit the ceiling for the range, especially if you are changing the range with inflation. I'd almost argue for splitting that range into two. Or at least understanding what the difference in performance/experience/etc is for someone at the bottom and someone at the top. i don't have my Compensation book at home with me, but I have a good one from the CEBS exam series that is very good for anyone wanting to dig a little deeper into midpoints/ranges/etc. |
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