--000000000000e1a0f005e698f1b8 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Unfortunately not at this time. We're not there yet. Although I would say anything over 5% is a market adjustment for all intents and purposes, unless it's a promotion of course. LB On Fri, Aug 19, 2022 at 9:23 AM Timothy Thomas wrote: > Hi Lisa, > > In this macro environment what does corporate consider a market > adjustment? Do we have guidelines on performance reviews? What cadence an= d > what %'s. > > Thanks > Tim > > 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 leas= t >> 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 t= hat? >>> >>> 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, >>>>>> so you'll need to convert using whatever methodology has already bee= n >>>>>> 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,