PlanMember Financial reviews

The commenter covers several different topics in this review. Obviously, we cannot respond to comments concerning individual managers/employees so we will focus on two broader themes raised, compensation and advancement. PlanMember is an organization where individual success (promotions and compensation) is earned based upon work effort and performance, a “meritocracy” so to speak. Employee promotions are recognized both publicly and financially. There may be instances where a lateral move may not provide an immediate compensation change but may otherwise provide opportunity for future advancement/compensation, or possibly be a better fit for the individuals skills and result in improved performance. We encourage all employees to seek new opportunities regardless of if they may be vertical or lateral. Related to the compensation comments, PlanMember strives to provide fair and competitive compensation and benefit packages for our employees. To best estimate salaries and economic influences PlanMembers’ HR utilizes industry salary surveys for each job description annually. These job surveys examine compensable factors such as licenses/credentials, education, experience, skills, knowledge, independent judgement, and responsibility required by each job along with location of position. Salary surveys evaluate each job’s value or worth to the organization and in the marketplace, establishing pay ranges that maintain internal and external pay equity. PlanMember salaries fall in the mid- to upper range of the recently available surveys. This data is consistently reviewed, taking company budgets, talent acquisition environment and inflation (Cost-of-Living-Adjustment/COLA) into consideration. Finally, it is also important to remember that pay rates are only ONE factor in calculating our “Total Compensation” or “Total Rewards”, which includes all the extrinsic and intrinsic rewards we receive as a result of employment (health care, profit sharing, etc.). We wish this ex-employee future success, but we continue to be excited about our company and the growth prospects over the next decade!