Omar Quintero· Compensation Consultant, Cardinal Insurance
Asked in Compensation ·
Our firm is a management consultancy in the UK with about 480 people and five levels: analyst, consultant, senior consultant, principal, director. Each has a single band. They are currently 60–70% wide and overlap heavily.
The bands were drawn around whatever people were being paid in 2021. Now a strong consultant can out-earn a new principal by a wide margin, and promotion feels like a title change.
For firms with few levels, what range width and progression between bands do you use, and do you subdivide the bands?
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Benefits Manager, Copperfield Mining
Five levels as well, at an actuarial firm. Bands are 50% wide with 25–30% between midpoints, and each band has three informal zones: developing, established, ready for next level. The zones do most of the work. A manager has to justify anyone in the top zone who is not on a promotion slate within 18 months.
