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#31
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Recommended Readings for the EL Actuary || Études in R || Open Database Version 0.1 Last Revised: 15.03.2013 |
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#32
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It depends on the HR bureaucratic rules.
Sometimes the only ways to increase someone's salary are: a) annual increase (which is often limited to some %, like 5%) b) promote from level N to level N+1 If giving out the highest annual increases you can justify (remember there are often HR rules around these too that prevent you from giving everyone in your department a 5% increase for example) doesn't keep someone in line with the market, them you might need to promote them to do it. And like someone else pointed out, sometimes level N has a salary range, and the person is near the top end of that range, so the only way to pay them more is to move them to level N+1.
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http://www.actuarialoutpost.com/actu...d.php?t=251715 congratulations to Loner on being officially declared the winner of the 2012 AO Rap Battle Tournament |
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#33
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Usually the position has a cap that is tied to a "salary grade" or a 'salary class' or a "salary band" or some other classification that, again, lives inside the land of HR bureaucratic rules. So you can't just raise the max on one position because the max is tied to that entire "salary band".
__________________
http://www.actuarialoutpost.com/actu...d.php?t=251715 congratulations to Loner on being officially declared the winner of the 2012 AO Rap Battle Tournament |
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