Yeah that sounds pretty arbitrary to me. If that was preventing me from advancing my career at the firm and I’d been there at least a couple years I’d probably be looking elsewhere to make that advancement.
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total comp + 8.5%. pleasantly surprised with the sal incr, frustrated with the bonus.
will likely update the online profile and reply to some people who have reached out.
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Our raises haven’t gone out yet but I’m not expecting more than 3%. Our turnover already started increasing and I’m assuming it will speed up even more. I think the problem is HR and other senior leadership sets the budget amounts for this year in the prior year based on market research from the year prior to that one.
It lags significantly and, as much as it frustrates actuarial leadership, I doubt many will get their budgets bumped until after significant resignations.
So to answer an earlier question, yes, I think actuarial employers believe they are immune. Probably not the direct hiring managers, but their managers are probably too arrogant to think there’s any problem whatsoever.
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2.75% and bonus below last year’s. I have an above average increase. Average increase across the company is 2%. I’m excited to see the turnover and looking forward to my market correction raise in July.
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Haven’t had any discussions yet, but an email came out saying raises are a go and bonuses are a go. I think this is the time I tell my boss I wasn’t impressed with the girl gets job, boy gets same job, boy makes 10k more than girl - not as a demand for a raise, but as a reminder of how bad that looked. I’m hoping he’ll pass the message upwards.
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you jumping ship too?
We’ll see. I have reasons to stay at least through the summer. I’m still pretty well paid and I totally expected this so I’m not even pissed off.
I just got promoted last year and then got a market increase in December which means I am at the bottom of my pay band. Apparently the bottom of the pay band moved up $13,000 and I get a $2,000 raise. It looks like we are getting a 3% merit and a lower than average bonus due to performance (we missed our Medicare Advantage to growth targets). I think my team should be ok with retention because I basically filled it last year, but hopefully next year is a different story. I also have been estimating the company multiplier part of the bonus all year so no one is caught off guard.
Just came across an actuarial job posting that had a bullet point under General Skills/Attributes of: “A highly motivated individual who can work long hours when needed.”
lol next
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At least they’re up front about it. The worst is when a company pretends they have good work life balance, that doesn’t.
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Waiting for an honest posting that piques my interest:
“Fully remote, finish your work in as few hours as you want, we don’t care what you do after”
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My brother has a job like this 
When busy, he might do 50 hours a week at most. When quiet, he might do an hour a day and just need to monitor things periodically every day.
My friend at EY is a bit like this thanks to billable hours. You get killed in busy season doing SAO but all that really matters is that you hit your billable hours at YE so people basically take off lots in the off-season.
that’s me everyday. I just don’t tell people
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Same
We’re theoretically like that, but then I end up with a year like the last two, where my ‘quiet season’ at the end of the year just never happened.
While billable goals are important, it’s not like I can just… not do my client work.
There were years, though, where I pulled 60-70 hour weeks in March/April and 20 hour work weeks in November/December.
Yeah if I was ever not busy in consulting, they’d just find more work for me to do and then when I got busy again, not take that extra work off my plate. Which is how I ended up averaging around 55 hours per week at the end. Some weeks it was 80, some weeks it was 45, but it was pretty much never 40, and I never had an actual full day off without checking in.
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I’m a consultant, but I don’t do billable hours. Sometimes I get pulled into things that would be billable for somebody else, but because I’m doing it, it’s free - which makes for a lot of "can we record this session??"s followed by a lot of "thank you so much!!"s. It might be the greatest gig on earth (if you’re not afraid of constantly presenting random shit*).
*Random shit that you were not an expert on and maybe didn’t even know existed a week or two before you’re expected to explain it to a group of angry and/or confused clients
Just about sums up my experience in consulting 
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I had a job similar to this. Client facing, but not billable hours. I’d learn shit the day before and present on the fly like I’m a pro.
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