[Kay]

I am in internal audit team in a public company where I joined in 2011. In 2012, I got 0% raise because the economy condition wasn’t great, and only 2.5% bonus because it was my 4th month when the bonus was determined for employees. But in 2013, I got 1.1% raise, and 6.6% bonus (these numbers are minimum in raise, and bonus)

I couldn’t understand such a low compensation after I had received extremely positive feedbacks from seniors, managers, senior manager (who is my people manager) – I exceeded expectation, and took care of more responsibilities from upper level (senior roles). However, what my boss told me is that even though I met and exceeded my goals as an auditor, I didn’t contribute further for internal audit department. What else was I supposed to do to contribute more to the internal audit department as a staff auditor? I didn’t get it. The only way I thought of, and he indicated was to do more of administrative work for management and senior managements. Basically, unless I get directly exposed to senior management by doing more than audit work as usual, then there is no way I get even average amount of raise or bonus.

My compensation numbers will be determined and released end of this month. I did some of admin work in 2013, hope this pays me off. Also, I have been doing senior role since beginning of last year. Boss told me that they don’t have open senior position in my current team, so I am transitioning to another team where they urgently need strong senior (and my people manager recommended me to that team). It sounds very promising for promotion, so I decided to make a move to the other team. But who knows.. there might be tons of reasons that discourage me to get promoted to senior level. I liked my people manager, managers, and seniors. thats why I wanted to stay long in this company. But if I don’t get what I am expecting, then I may need to consider other opportunities.

How raise and bonus are determined in other companies?

Currently:
CPA - Class of 2013
ALMI (Associate, Life Management Institute)
CISA - Passed in 2011, Certified in 2014

In Progress:
ASA (Associate of Society of Actuaries) - EXAM P (O), EXAM FM (O), EXAM MFE (X), EXAM MLC (X), EXAM C (X)

[Not a Quitter]

Ah, you are unionized. Sounds like a better deal than mine for sure 😉

FAR- 85 I'm DONE!
BEC- 75
REG- 60,60,75
AUD- 74,74,83

CPAExcel used for BEC, AUD, REG
Exam Matrix used for FAR plus NINJA Blitz, cpareviewforfree and a little CPAExcel

[Author]

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