[quote=deadzone][quote=Coronita]Just got out of a compensation/merit increase meeting today.
Standard merit increase will be moved up to Jan this year.
Standard merit increase will be 5% minimum and 15-20% bonus + TBD stock grants. I have some discretion for some to jack it up to 8% for those considered flight risk, which is basically my entire senior staff.
From a cheap company like mine, that says a lot. Employee retention is a big concern=> wage inflation.[/quote]
Regarding flight risk for your senior people, why is this all of a sudden an issue? Are there really less people in the labor force for your industry than before Covid? Or alternately is there really that much more work? Did Covid create significantly more demand for smart phone apps?[/quote]Econ 101,simple supply vs demand.
