Somehow related to HP Calculators

[albertofenini]

Hi Max and thanks for replying

Let me tell you that this is by no mean thought to save money on employees shoulders
but rather trying to figure a way that given you actual salary your loyalty is awarded by adding
on top more that you could achieve with a linear model, in return I am expecting that the
economical aspect will be an additional (hopefully not the only one) reason to remain with the company

Training is a dramatic effort for the companies and there a number of big players out there ready to offer
very aggressive salaries once the (your) people is well trained

Said that, I need to understand where this method is going to take the company from a budget
point of view and check that is sustainable.

Using a formula is much more effective rather than doing the match each time

Let's make an example, starting salary is 10.000

1st year increase is 500 salary goes to 10.500
2nd year increase is 500 the salary goes to 11.000
3rd year increase is 1000 salary reaches 12.000
4th year increase is 1000 salary reaches 13.000
5th year increase is 1500 salary reaches 14.500
6th year increase is 1500 salary reaches 16.000

the earning for the guy is 10500+11000+12000+13000+14500+16000 = 77000
versus 10000*6 + 6000 (the sum of the bonus) = 66000

it reminds me somehow of a summation but the it is not constant and this makes difficult (for me)
to put it in a formula

Another idea is to start with a little raise but double it every year, may be this is even more actrattive and easier to explain

We are a cybersecurity company, so we don't really write code or look for people able to do it, thought this
could change with the new DevSecOps paradigm, and for how smart is the new generation, and they really are,
you should see their reaction when they see me use an HP65 or a similar one, I'm afraid asking to
write a code will dramatically reduce the number of candidates that will pass the interview ....

Any suggestions is very welcome !
Take care

(01-04-2022 12:35 PM)Maximilian Hohmann Wrote:  Hello!

(01-04-2022 11:13 AM)albertofenini Wrote:  Eventually, can this be translated in a program (HP65) where these parameters can be changed
and the result can be foreseen playing with the parameters ?

The idea has a certain charm to it, but as an employee I would probably insist that my salary and my bonuses for 2022 be computed using modern and transparent methods and tools ;-)

However there might be somthing different that can be made from this idea: Why not give new applicants one of your HP65 calculators and a manual the day before the job interview and let them figure out their future salary and bonus for themselves using that tool? Those who come up with an exceptionally smart program will get an extra bonus on top....

Regards
Max