Showing posts with label promotion increase raise bonus. Show all posts
Showing posts with label promotion increase raise bonus. Show all posts

Sunday, December 21, 2008

I Gotta Testimony: I'm FAVORED among many!

Not too long ago I heard about message about Restoration and Reconciliation. The message was basically saying that God would restore all that you had lost (which is currently happening now) and that he would reconcile you, meaning he would make sure that you were not in a deficit by the end of the year. This is also happening.

The message about the current recession taking place in the world is resounding louder than any other message that the media is broadcasting. However, for Christians this is not our reality. We understand that we are not bound to the systems of this world. We are set apart and favored amoung the masses despite how bleek the world may look.

I work for a Private Equity firm, so needless to say the message about the world's recession is blarring loud most of the day. Thankfully, my company has not endured the hardships that many other companies have been experiencing: massive lay-offs, hard hit portfolios, corruption and the like. Instead, in an effort not to lay anyone off my company is taking some preventative measures to prepare for the rough economic coming up in 2009. Currently, the area where we are cutting back the most is compensation. Last week, my CEO and CFO announced that most people would be taking generous cuts backs in bonuses and most people would not receive raises. Normally, bonuses increase every year However this year, the would be cut by about 50% for those who were receiving them.

I had my annual review with my boss, the Head of the Investor Relations department on Friday. During the review period is when plans for individual compensation for the coming year are discussed. My boss and I have somewhat of a father/daughter relationship and we are pretty candid with one another. When he decided to have the conversation with me late in the day he acted as though he has some pretty rough news to tell me.

The conversation went something like this: Pat:"Sit down young lady. In light of the current economic circumstances, you....are GETTING A RAISE! You are one of the only people in the firm getting a raise. On top of that you are getting a bonus, and it's not being cut nearly as much as those who are getting bonuses. Most people are not getting raises or bonuses. We advocated for you to Dan (CEO) to continue to increase, because of your enthusiasm, positive attitude and willing spirit. Keep up the good work. And also, I want you to take on more responsibility in IR. Are you up for it?" Me: (Somewhat speechless) "Yes, Pat! Thanks for the opportunity." Pat:"Thank me after you begin doing your additional assignments. It's going to be a lot of work." Me:"I'm up for it and looking forward to it!" Pat:"Oh and here's a bonus from me. I wish it could be more. You deserve it and I look forward to an even better year in 2009."

That was bonus number two and three. I had already gotten one earlier in the week. After my conversation with me boss, my CFO called me into a conference room to debrief with me. He made sure to tell me of the fantastic job that I had done this year (which was so encouaging considering I felt like 2008 was my worst year for performance in any company). He reiterated that most people in the firm did not get bonuses and raises and I was one of the few. He also wanted me to prepare to dedicate my attention to Investor Relations. This was a fullfillment of my hearts desire. I created and took on many Human Resources related responsibilites and duties early on at the firm. However, HR is not really my passion or my desire. Investor Relations is definitely more my lane. PR for finance, interacting with our investors, making sure the RELATIONSHIP between us and our investor is in tact and on point. That's all me. Plus, I want to do some major deals and projects where finance is concerned. I feel like I'm getting paid to learn a big part of what I will do with the rest of my life.

God is good. ALLLLLL the time. Good, bad and Great. He's good, and he's faithful to his word.

I'm set apart
I'm favored
I'm different
I'm light
I'm unique
I'm blessed to be an EMPOWERMENT (blessing)

Word of the day: Malachi 3:10
Favored,
The Billionairess