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Weekly Discussion: 4 December 2023
(lemmy.world)
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this post was submitted on 04 Dec 2023
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FIRE (Financial Independence Retire Early)
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Wow, that's complicated and honestly kinda fascinating. Our bonus is like 10% of our compensation, give or take a little, and the difference between a 4 and 2 rating is <5% (so the range is 5-15% for most people).
That means our performance review process is pretty low stress because it's not a huge part of total compensation. It's also not super motivating either. However, if you're at 2 for 3 years in a row, you're probably getting sacked, and if you're at 4 two years in a row, you're probably getting promoted.
My company is incredibly uncompetitive in pretty much every way, which makes for a good work/life balance and people tend to like each other.
Sounds a lot like my last job. I think the best I ever got was an 8% bonus, but stress and expectations were pretty low. There’s something to be said for that. Are you happy with the trade offs?
The pay is great at this place, but most people put in a lot hours, and, unless you’re the type A kind of person that finds this environment fun (I’m not), stress is high. I’ve managed to navigate it for about a decade at this point and I figure if I can ride it out another 3-4 years I can just be done working.
Yeah, I wanted stability and work life balance, and I got it. Our pay isn't super competitive, but we're above average and my boss is cool, so it works. I know I could make quite a bit more, but I have young kids and don't want to put in the hours to do so.
Maybe I'll get bored in a couple years, but so far I've been able to put that extra energy into side projects that may turn into a side business at some point. Either way, I'm looking at ~10 more years and I'm done forever.