bonus scheme
gadens melbourne's long standing culture of contribution and reward means that it is the only Firm, nationwide, to have sustained a consistent, generous and realistic bonus scheme over the last 10 years. According to a recent article in the Australian Financial Review, a number of other top and mid-tier Firms have only recently introduced incentive schemes, some as late as 2010. Bonus offers at these Firms are still conditional on a number of factors such as minimum years of experience and Firm success.
In contrast, gadens melbourne continues to differentiate itself from other Firms with a transparent bonus scheme that is based on individual performance, irrespective of market conditions. Unlike its mid and top-tier counterparts, gadens melbourne's fee based scheme applies to professional staff at all levels, including law clerks. The fee based scheme allows for a 10-15% bonus to be paid out in relation to an individuals total salary package. The additional discretionary bonus scheme applies to all staff and has no limits.
By way of comparison, a top tier Firm mentioned in the Australian Financial Review article, paid out bonuses to 30% of staff in 2010-11, whereas gadens melbourne paid out fee based bonuses to 65% of staff and total bonuses to 71% of staff.
