--000000000000ff4ad005e68bb716 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Tim we need to be careful for now about doing any increases of salary beyond getting folks in range. Dawn and I are already stretching by adding more team than the TheKey Standard really is allowing. I would rather put the dollars towards more team for now than increasing folks. Once we get on and settle we will have the ability to do increases, etc as revenue grows. Thanks, I know a delicate balance. On Thu, Aug 18, 2022 at 6:38 PM Lisa Bazzoni wrote: > 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= different 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 th= at? >> >> Am I clear to proceed with inflation based increases? Annualized >> inflation 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 >>>> CAD >>>> >>>> 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, s= o >>>>> 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 curre