RubinBrown Team Member Manual

Promotion 204

Policy Title: Policy Number:

Section:

Employment

Effective Date:

Supersedes Policy Dated:

06/01/2024

06/01/2023

Background: The firm has an annual promotion process which recognizes team member performance through advancement opportunities. Policy: RubinBrown is committed to assisting team members reach their professional goals through internal promotion and transfer opportunities before outside recruitment is exercised, whenever practical. The promotion process is conducted annually each year. Procedure: Team members should express to their Career Advocates interest in advancement and/or transfer during periodic evaluation sessions. Team members and Career Advocates will then inform Service Unit Leaders and/or Department Heads. Based on input from Partners and others, promotion recommendations will be made to the Talent & Compensation Committee. The results of the candidate's current fiscal year goals, core competencies, leadership attributes, self-evaluation and evaluation session notes are evaluated and discussed by the Talent & Compensation Committee. Seniority and other appropriate criteria may also be used to determine promotions. The role of the Talent & Compensation Committee is to consider, evaluate, and to balance the business needs of the Firm and the team members being considered for advancement. The Talent & Compensation Committee will make promotion recommendations to the Partners and the Board. The Board will approve all promotions. Promotion announcements are made firm wide on or around June 1st each year. Each team member is evaluated independently for qualifications to become a member of Management Group. There are no set requirements or time-lines regarding tenure or experience. All promoted team members are subject to a 90 day introductory period (also see “Introductory Period”, Policy Number 205). Members of Management Group are subject to a standard Manager, Partner, or Director Employment Agreement. In accordance with the U.S. Department of Labor and other state laws, the Human Resources Department will communicate to all team members the number of projected promotions for the new fiscal year.

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