PPRuNe Forums - View Single Post - Please temporarily refrain from accepting Training Positions
Old 2nd Nov 2010, 02:28
  #3 (permalink)  
ReverseFlight
 
Join Date: Nov 2007
Location: Yellow Brick Road
Posts: 1,127
Likes: 0
Received 0 Likes on 0 Posts
In case you are unaware, that's how a lot of English professional firms have been operating for many years. Take for instance the top City of London law firms where their partnership progression is by way of "lockstep" - salaries and bonuses (and therefore seniority and authority) are according to a designated schedule for the first 7-15 years as a partner, and that's after 10-15 years as a staff lawyer (read F/O or S/O for the aviation industry). Nobody jumps the queue or gets a larger bonus even if one brought a large deal into the firm in any year.
ReverseFlight is offline