So I am a new hire and have yet to reach my upcoming start date, however, before I start, I had a few questions of alot of the lingo that gets tossed around in our industry and how alot of things work.
I know that every year during compensation season, ratings are given to employees (usually 1-5) and promotions, raises, and bonuses are based from those ratings. However, I am unsure on what many of the level promotions are.
I guess Im asking, what do the following mean (A1, A2, M1, M2, L3, L4, etc.)? Is it simply A=Associate, M=Manager, and the number is the level/years of experience?