--000000000000b1267305e68ba249 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable I don=E2=80=99t know of ANY companies that do =E2=80=9Cinflation-based=E2= =80=9D salary increases. Cost of living and cost-of-labor (=E2=80=9Cmarket price=E2=80=9D) are two d= ifferent things. That being said, if you have employees who are below the minimum of the range or low in range despite long service and high performance, then perhaps =E2=80=9Cmarket adjustments=E2=80=9D would be appropriate. Aside from that, we are seeing normal merit budgets in the data, at least for the time being. Lisa On Thu, Aug 18, 2022 at 3:32 PM Timothy Thomas wrote: > Given the corrected salary data I would like to proceed with salary > increases for those who are due and deserve it. Angie are you ok with tha= t? > > Am I clear to proceed with inflation based increases? Annualized inflatio= n > in Canada is 7.1%. > > Thanks. > > On Thu, Aug 18, 2022 at 11:28 AM Timothy Thomas wrote: > >> That makes more sense. >> >> I do believe some of the salary data is inaccurate. I've pulled a list >> and have asked the local leaders to verify. I should have this to you >> shortly. >> >> On Thu, Aug 18, 2022 at 11:20 AM Dawn Kellerman >> wrote: >> >>> I did some very quick back-of-the-envelope calculations, using USD vs C= AD >>> >>> Total Labor % - 11.2 >>> TheKey Standard - 10.6% >>> >>> On Thu, Aug 18, 2022 at 10:35 AM Lisa Bazzoni >>> wrote: >>> >>>> Hi Dawn, >>>> My understanding is that finance reports the targets in US dollars, so >>>> you'll need to convert using whatever methodology has already been >>>> established with finance. >>>> LB >>>> >>>> On Thu, Aug 18, 2022 at 9:25 AM Dawn Kellerman >>>> wrote: >>>> >>>>> +Lisa Bazzoni >>>>> >>>>> Can you confirm if the revenue is in USD? >>>>> >>>>> On Thu, Aug 18, 2022 at 10:24 AM Timothy Thomas wrote= : >>>>> >>>>>> If we're putting CAD salaries into USD revenue the labor % will be >>>>>> inflated by the exchange rate, approx 20%. >>>>>> >>>>>> Can we hop on a quick call to review this? >>>>>> >>>>>> On Thu, Aug 18, 2022 at 10:10 AM Dawn Kellerman >>>>> dkellerman@thekey.com> wrote: >>>>>> >>>>>>> Attached is the workbook, I received for revenue. All comp is CAD >>>>>>> >>>>>>> On Thu, Aug 18, 2022 at 10:04 AM Timothy Thomas >>>>>>> wrote: >>>>>>> >>>>>>>> Hi Dawn, >>>>>>>> >>>>>>>> Can you please confirm how the revenue forecast was established? >>>>>>>> Our current run rate as of last week puts us on track for $33,141,= 109 CAD. >>>>>>>> Is the labor expense also being converted to USD? >>>>>>>> >>>>>>>> Please share the underlying math. >>>>>>>> Thanks! >>>>>>>> Tim >>>>>>>> >>>>>>>> On Thu, Aug 18, 2022 at 9:58 AM Dawn Kellerman >>>>>>> dkellerman@thekey.com> wrote: >>>>>>>> >>>>>>>>> Good Morning Tim & Angie >>>>>>>>> >>>>>>>>> Please see attached for Canada, as you will see labor % are very >>>>>>>>> high, just over 16% and added three to the headcount. >>>>>>>>> >>>>>>>>> This includes nominal incr