Is it possible to get hired at a compensation level that's higher than Midpoint? Several folks have told me that it's borderline impossible and that somebody pretty high up has to want you and has to push for approving it. I am not sure what's true anymore - maybe I have a shot.
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Only if you're being hired. You'll almost certainly hit a ceiling somewhere below what used to be midpoint from merit increases alone.
Getting above midpoint used to be very difficult but it’s pretty typical now for external hires.
I thought we didn't have midpoints any more. As where someone comes in at it depends on what is budgeted for the position and what the person is able to negotiate.
Yes, it's possible. All of the people I've hired recently were brought in closer to the max than the midpoint. I didn't have to do anything special, just matched their counter offer.
It depends on who is fighting for you. I had heard significant increases were impossible, but I witnessed it firsthand. A leader who allegedly would not make big jumps in comp approved it. They looked at the replacement cost of talent joining from the outside, and they matched that amount and it was well past the midpoint. It takes leaders standing up for you, and a stellar & demonstrable performance record.
There are definitely midpoints used in the firm. I’ve seen an all requisitions report for one of the consumer lines and midpoint is one of the columns.
I just got an external offer and am about to test that. Not because I intend on staying but because I look forward to watching my management team scramble and further vindicate why I’m getting out of here
Yes, but you generally need to have a hiring manager willing to do more than the bare minimum. Most managers will not or are not even aware of how to properly escalate things to make it happen. If you are a dime a dozen candidate, chances are that nobody will go out of their way to make things happen. Most managers are just conditioned to accept whatever HR tells them, but things can always be done.
It’s kind of how money magically becomes available when a key person gets another offer, but they have been told that the standard 2% raise was all that was allowed over the past several years.
HR wants you -15 to the old mid-points for internal hires and will pay +15 over midpoint for external hires.
Nothing officially called midpoint anymore. There's a range with a min and max no mrp
Yes, it is just about impossible. In fact, the “midpoint” in many, if not most, cases functions as a maximum, even for employees tenured in the role. Although the firm has made tremendous strides in recent years towards clean and honest dealings with customers, its internal compensation practices are still riddled with obfuscation and hyperbole.
Here’s my experience - take it or leave it. I was told I couldn’t get a raise as a lateral. Then I came on to a team where I found out that did not apply to everyone like they told me. Then I got dumped with more work and responsibility and management kept pushing back on my requests to reconsider my compensation. So, if someone won’t fight for you in the beginning, they will likely take advantage of you later on. Doing my best to get out now
Yes. I was a contractor and provided my comp to the hiring manager before the process even started. I’m not sure who has to push / approve