Why does HR tell us our goal is to perform in the fourth quartile, the top 25% of the industry, when they also tell us that they only want to pay at the mean average?
So they want top performance for average pay?
How do they reconcile this? Fourth quartile performers will gravitate to companies that also pay in the fourth quartile.
You know? You DO get what you pay for! LOL
Pay for average, you get average.
Don’t worry about performance. If Al wants top performance it can’t be that hard, just look at his performance. Check the stock price!!! I am sure he thinks he is a top performer... lol. So his definition of top performance is actually bottom of the barrel performance for everyone else who is not stupid. See how easy it was when you use Al as the benchmark for top performance.
AM believes that he now has lower quality employees to whom he can pay lower salaries and bonuses, and provide lower quality benefits. Yet from these lower quality employees he says he wants top quartile performance. Is he actually serious? Or is he just saying what he thinks a CEO should say?
The problem with the bonus is that an individual employee can't control most of it. Even the part you can control, your individual performance rating, it subject to being bell curved. I find it especially annoying how they changed the system this year so that people who are adequately doing their job and meeting expectations wont necessarily get a 100% pay-out for that portion of their bonus. It's a weird message to give to people. I think many do not fully understand this yet and will be surprised when it comes to performance reviews this year.
Enbridge’s leaders believe they have now successfully eliminated most of the high performers who would have merited the higher salaries. Between boef and voluntary turnover, the high priced employees are mostly gone.
The 2018 APEGA salary survey is out. Look for the fall issue of the magazine, its contained within there. I looked up my salary band and was at 50% a few years ago.. due to minimal increases I am closer to 40% in the band. So much for being a highly rated performer. Which company will pay me more?
The share price would actually be decent if the so called business brains hadn't diluted the company by a BILLION shares. Somebody got rich, and it wasn't the retail shareholder.
Yes pay for performance.... just like Al keeps getting 25 to 30 % raise every year for the last 4 to 5 yrs and the stock went from $52 to $32.... heck of a performance... get the fu$$ outta here with that HR and management excretion
To answer the question of the OP, they've covered this specific question in the FAQs on ELink.
Their answer is that they "pay for performance", and that the bonus portion of the compensation package pays out at a higher level when we have a good year and employees "perform".
Enbridge pay is not average anymore. Just ask anyone who has left, how much increase they got. The lowest I have heard is 20% and most were around 30%. That is what 4 to 5 years of market data based "raises" or lack of will do to you. So if HR is saying perform in bottom quartile they are consistent with the pay
Top quartile is the only thing I've heard of and it's from AM, not hr.
The forth quartile is bottom 25%