How transparent is the compensation review process at your place of employment? Is there a formal process? Do you have to fill out forms or ‘sell’ your accomplishments to your managers at a meeting? Also, what size company do you work for?
My employer (8000+ workers), handles raises this way: Every 6 months, your manager hands you a piece of paper with your new salary and bonus printed on it. Then he says something to the effect of “Good work, your not doing anything wrong, nothing needs improvement, keep doing it like you are doing it.” That’s it, no explanation of why you get what you get, no peer group comparison, no feedback at all, year after year. Everybody I know well enough to ask about this (about 20 people) has the exact same experience. Its as though the managers are working off of a script. Stranger still, raises fluctuate but not in any predictable way. There is definitely no correlation with individual performance (ie. hours worked, sucessful projects) or department performance (ie. profitability compared to other departments). It’s not that I’m complaining-any raise is better than none and no feedback is better than getting yelled at, but it’s frustrating and confusing to not have any idea what management wants from us because we lack any kind of discernable connection between what we do and what we get.