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~Melissa~
Member since 5/06 1462 total posts
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My DH just had his annual review. What do you think of this?
thank you all for your input!! 
Message edited 1/11/2007 7:07:58 PM.
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Posted 1/11/07 3:15 PM  |
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janet
WITH LOVE MY ANGEL MISS YOU!!!
Member since 5/05 12823 total posts
Name:
janet
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Re: My DH just had his annual review. What do you think of this?
i am not too sure about it, i am not good to answer these kinda questions, but wondering where the practice is.. i need a new chiro... can you fm me thanks
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| Posted 1/11/07 3:19 PM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14007 total posts
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Re: My DH just had his annual review. What do you think of this?
I think that is a better plan then a lump sum. If the business does extremely well, he'll profit even more from it. I think it gives incentive and can be much more rewarding then a lump sum. If it isn't working out in a couple of months, maybe they could reassess it. Not knowing what other benefits are included with the job, I think the retirement contribution is generous.
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| Posted 1/11/07 3:19 PM |
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Blazesyth
*yawn*
Member since 5/05 8129 total posts
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Re: My DH just had his annual review. What do you think of this?
Posted by shamrock124
I think that is a better plan then a lump sum. If the business does extremely well, he'll profit even more from it. I think it gives incentive and can be much more rewarding then a lump sum. If it isn't working out in a couple of months, maybe they could reassess it. Not knowing what other benefits are included with the job, I think the retirement contribution is generous.
Ditto. I'd take it in a second over a % raise.
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| Posted 1/11/07 3:20 PM |
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~Melissa~
Member since 5/06 1462 total posts
Name:
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Re: My DH just had his annual review. What do you think of this?
Janet, we live in CT.
You are right, this can be VERY good. He gets no other benefits (besides 10 days or so of vacation). We pay for health insurance on our own. 
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| Posted 1/11/07 3:20 PM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14007 total posts
Name:
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Re: My DH just had his annual review. What do you think of this?
Posted by princessMOMMY
Janet, we live in CT.
You are right, this can be VERY good. He gets no other benefits (besides 10 days or so of vacation). We pay for health insurance on our own.
That may be a good thing, how is his income reported? 1099 or W2?
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| Posted 1/11/07 3:21 PM |
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~Melissa~
Member since 5/06 1462 total posts
Name:
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Re: My DH just had his annual review. What do you think of this?
I think w2.
My dad is the CPA in the family.  I'm clueless.
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| Posted 1/11/07 3:23 PM |
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janet
WITH LOVE MY ANGEL MISS YOU!!!
Member since 5/05 12823 total posts
Name:
janet
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Re: My DH just had his annual review. What do you think of this?
Posted by princessMOMMY
Janet, we live in CT.
You are right, this can be VERY good. He gets no other benefits (besides 10 days or so of vacation). We pay for health insurance on our own.
well that is a little to much of a hike for me good luck in what your guys decide on
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| Posted 1/11/07 3:29 PM |
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lululu
LIF Adult
Member since 7/05 9508 total posts
Name:
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Re: My DH just had his annual review. What do you think of this?
It's hard to say if it's good or bad without knowing his compensation now and what the minimum and maximum he would get under this plan is. However, it sounds like she is trying to include him more in the profits of the business, and typically that is a good thing! It sounds like they are being pretty generous.
I completely understand your concerns though. Like many people, you are probably very risk averse. But I would try not to worry about it too much because it sounds like they mean to do right by your husband.
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| Posted 1/11/07 3:32 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: My DH just had his annual review. What do you think of this?
I think it's a good plan. and I can see why they're doing it. it's sort of like being in sales... you are incented to bring in more business b/c you are being paid commission.
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| Posted 1/11/07 4:55 PM |
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Gumpslilqtpie
Living the DREAM!!!
Member since 7/06 2646 total posts
Name:
Kimmer
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Re: My DH just had his annual review. What do you think of this?
It sounds nice but I'dbe just a little cautious. You never know. I hope it works out for you!!!
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| Posted 1/11/07 5:49 PM |
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