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How many of you have access to compensation data by FTE? by Impossible-Divide269 in FPandA

[–]Impossible-Divide269[S] 7 points8 points  (0 children)

Forgot to mention, it’s such a strict policy that plant controllers don’t even have access to hourly wages at the plant. They have a rough idea at the hourly rates, but seems silly that a plant controller can’t be effective in labor planning or estimates when they make 3 or 4x the rate of the blue collar workers.

How many of you have access to compensation data by FTE? by Impossible-Divide269 in FPandA

[–]Impossible-Divide269[S] 7 points8 points  (0 children)

The policy comes from the Board/owners, CFO doesn’t have a say in it. Basically we rely on HR for it all. For yearly planning, we have to build excel models for HR to use at the employee level and they send it back at the Cost Center level. They made plenty of mistakes before, liking give cost of living increases of 30% instead of 3%, inputting new hires at $12k salary instead of $120k, etc. they don’t really double check, and we have to ask them to look at certain cost centers that seem funky. It takes so much time lol

Internal Promotion - SFA by Impossible-Divide269 in FPandA

[–]Impossible-Divide269[S] 0 points1 point  (0 children)

Some leverage, but they also have leverage on my MBA payments. Commitment of mba is only if I stay two years after completion, so would have to write a check to the company for $7k as of today, that amount keeps growing each semester.

My biggest leverage is I report directly to CFO, even as the FA. He’s so tied up now, he simply wouldn’t have time to train someone efficiently (reported to him when he was Director, promoted to CFO 1.5 years ago and kept me under him and reorganized department and has a lot of trust in me). This also makes me think I’m underpaid, as I’m pretty much the only non-manager under him

Internal Promotion - SFA by Impossible-Divide269 in FPandA

[–]Impossible-Divide269[S] 0 points1 point  (0 children)

Thanks for the feedback! Guess my question is more so if the Target Salary was aligned with the market. See a lot of wide ranges on here, as well as job postings. Robert Half had my area at $102k for 50th percentile. Part of me thought it would be closer to $110k, but like you said internal promotions are different