I work in a sub-specialty of tech in a senior management position, with both managerial and engineering responsibilities. It's my first management role and I've been with the company a bit over two years. For later consideration, our niche industry pays better than usual and a significant portion of my total compensation is the performance bonus. We just had our yearly reviews and while I did get a small increase in base salary (basically COL) and an increase over last years bonus (about 5%), I feel like it fell short of the mark (and I'll explain why).
Last year, one of my direct reports was extremely problematic to the point where I had several conversations with my boss (the CTO) and the firm managing partners on how to proceed and handle the situation. It came to a head a bit before review time and it was decided this employee would be let go at the end of the month. Since this employee had been there for some years, the managing partners decided to give additional salary increases to my reports, on top of their performance review increases, in order to keep them happy and entice them to stay.
Well, another team member left for a bigger position at a bigger firm just a few days later. My boss and the managing partners again gave the remaining team members another increase to keep them happy and in hopes they wouldn't bail.
My boss, the CTO, called me into his office and basically explained we needed to keep the remaining guys happy because they'd been there for awhile, were good employees, I was new, and they had knowledge I would need. He also explained that I didn't receive an increase because as senior management my comp is more bonus driven, and he told me explicitly I'd be taken care of on the next bonus.
Well, about two weeks later my boss died, at his desk. Now I'm down 2 guys on my team, and my boss, who had been there 10+ years. My guys were given YET ANOTHER increase, and again, I was not.
Over the next year, I interviewed dozens of candidates to fill my two spots, found them and trained them. I worked with the new CTO to get him up to speed with what he needed to know and helped him understand the intricacies of my side of what we do. During this whole time, I kept multiple major projects on track, finished them, planned and execute a couple more, and overall just made a significant amount of engineering and management progress. I took over, unfucked, planned and executed a project they had stalled on for almost 2 years because the previous staff couldn't get it over the hump and it was dead in the water.
So now, at review time, I was well expecting to be handsomely rewarded for my accomplishments under extraordinary circumstances and I honestly do not feel like I was. As I mentioned, my base only increased about 3.8% and my bonus about 5%. My 3.8% increase, in real terms, is less than what my most junior guy got as a "please don't leave us" increase.
I'm seriously considering going back and asking that my compensation be reviewed with consideration for the circumstances in which my accomplishments were made, and also noting that my team were given raises to stay and I was to be "taken care of" at bonus time.
Am I out of line here? What would you do in this situation?
ETA: While I was conducting review for one of my reports, I said that I really appreciated how he stuck with me through the two guys leaving and CTO passing. My boss (new CTO) even made a comment to the effect of that that was a good point, and he had not considered that. So that again leads me to believe that my unique situation was not fully considered when my compensation was adjusted.
Last year, one of my direct reports was extremely problematic to the point where I had several conversations with my boss (the CTO) and the firm managing partners on how to proceed and handle the situation. It came to a head a bit before review time and it was decided this employee would be let go at the end of the month. Since this employee had been there for some years, the managing partners decided to give additional salary increases to my reports, on top of their performance review increases, in order to keep them happy and entice them to stay.
Well, another team member left for a bigger position at a bigger firm just a few days later. My boss and the managing partners again gave the remaining team members another increase to keep them happy and in hopes they wouldn't bail.
My boss, the CTO, called me into his office and basically explained we needed to keep the remaining guys happy because they'd been there for awhile, were good employees, I was new, and they had knowledge I would need. He also explained that I didn't receive an increase because as senior management my comp is more bonus driven, and he told me explicitly I'd be taken care of on the next bonus.
Well, about two weeks later my boss died, at his desk. Now I'm down 2 guys on my team, and my boss, who had been there 10+ years. My guys were given YET ANOTHER increase, and again, I was not.
Over the next year, I interviewed dozens of candidates to fill my two spots, found them and trained them. I worked with the new CTO to get him up to speed with what he needed to know and helped him understand the intricacies of my side of what we do. During this whole time, I kept multiple major projects on track, finished them, planned and execute a couple more, and overall just made a significant amount of engineering and management progress. I took over, unfucked, planned and executed a project they had stalled on for almost 2 years because the previous staff couldn't get it over the hump and it was dead in the water.
So now, at review time, I was well expecting to be handsomely rewarded for my accomplishments under extraordinary circumstances and I honestly do not feel like I was. As I mentioned, my base only increased about 3.8% and my bonus about 5%. My 3.8% increase, in real terms, is less than what my most junior guy got as a "please don't leave us" increase.
I'm seriously considering going back and asking that my compensation be reviewed with consideration for the circumstances in which my accomplishments were made, and also noting that my team were given raises to stay and I was to be "taken care of" at bonus time.
Am I out of line here? What would you do in this situation?
ETA: While I was conducting review for one of my reports, I said that I really appreciated how he stuck with me through the two guys leaving and CTO passing. My boss (new CTO) even made a comment to the effect of that that was a good point, and he had not considered that. So that again leads me to believe that my unique situation was not fully considered when my compensation was adjusted.