Someone asked today if I had figured out where the money came from and I responded in the negative. They recommended I contact my 2nd-line manager (that’s IBM speak for my manager’s manager) and see what they knew.
Come to find out:
Me: [detailed question about end-of-year random base pay adjustment]
2nd Line: The money is yours. There was small, not well-known bucket of funds that was allocated to each director at the end of the year. Each director looked at the market reference point of high-potential and strong performers and used it to make some adjustments. When [my director] looked at his organization, he saw your market reference point below average and implemented the adjustment to get your salary more competitive, kind of a random out of cycle circumstance, but I would say that we spent the money in the right place.
Me: That’s essentially the kind of information I was looking for. I just started to get a little concerned when no one seemed to know what I was talking about <laugh> Thanks!
2nd Line: No problem. Sorry we didn’t let you know all this sooner, and again, as I said before, thanks for all the hard work you are doing.
Now we know – lets have a round of applause for market reference points!
2 thoughts on “Just a little matter of market reference points”
For market reference points…
Congrats! I’m glad you finally got an answer (and don’t have to give back the money!) :-)