Climb the Legal Ladder Essay Example | Topics and Well Written Essays - 500 words

Climb the statutory Ladder - Essay ExampleThe major work behavior that the Sullivan & Cromwells pay structure will remind is working for more than hours per day. This is based on the fact that clients are charged $250 per hour, implying that if an associate works for more hours his or her salary will increase.It is appropriate for Sullivan & Cromwell to increase the salaries of the associates who joined the firm four years ago. This whitethorn include pulling back the increment for the four years or at least two years. If the salaries of new associates are increased by $20,000, I would recommend the firm to increase the salary for billable hours for early(a) employees in the various levels. This will act as a motivation not only to other(a) levels but also to new graduates.The Waif Street Journal writer fails to identify the experience and the play of years that the partners have worked that makes them to earn more than the associates. Based on the fact that partners are the s enior employees, the laid-back level of salaries will act as a motivation even though the disparity on the amount of salary between the partners and the associates needs to be reduced. There lacks any parallel between Merrill Lynchs FAs and SVPls and highly paid Sullivan & Cromwell partners salaries.One of the implications of the changes to bonuses is that there will be a disparity in the pay structure. For example, in the current pay structure the expiration between the eighth-year associates and the early-career associates is $105. After the change is implemented, the difference will stand at $20. This implies that eighth-year associates will be paid less as compared to other levels. Lisagor and dog-iron (1989) argues that such reduction of bonuses would make the employees at the upper level to be demotivated thus lowering the cognitive process of the firm. As a result of the firms low performance, the company may lack the susceptibility to