I did mention a few weeks ago that my wife will be receiving her remuneration review outcome for the year 2018. And that I might post something about this when it happens. Which it has and this is why I’m writing about the topic now. It has been a tough year for my wife’s bank with annual profits posting a significant 20% drop compared to the previous year. We always knew this was going to negatively impact her salary increase and performance bonus.

With my wife’s expectations managed downwards, the remuneration review outcome was acceptable but still disappointing. Especially coming off a promotion year in 2017. The base salary is important for this reason. Even with the performance bonus in terms of number of months reduced, the drop in the absolute number isn’t as bad if the base salary is high enough. Which is why going after the promotion helps …