What’s this retention bonus people keep talking about? Who’s eligible and how much do they get?
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It's stock that vests in 18 months, according to the one page PDF I got about it. I haven't done the exact math but 21.5% of bonus sounds roughly correct. We were told it's performance-based, and that they're still giving them out so if you haven't heard about it yet, hang tight.
@16z I know of staff on lower grades getting it.
So yes g11 and above but only if you’re a good performer - that’s is up to your Manager. Majority will get it, not all - out of those eligible I mean
When and how are these retention bonuses being paid out? Cash or more stock?
I am in 9th grade.
Iam grade 11 and I haven’t received any emails.
@OP My retention bonus made me laugh out loud. I had never known we could see our Incentive Target range on workday before however is this a new feature? I was never “privy” to this info before?
No mention of having to pay anything back however if we do decide to leave?
Does anyone know the criteria for it ? I am grade 12 and been with company for 9 years haven’t received any emails regarding it.
@109 is that 21.5% of the target bonus is all your bonus, or it's an extra 21.5% bonus? I'm confused...
Thank you Mike for this retention bonus.
Only grade 11 and above. So basically senior Incentive people
@kx
Not sure why this post is downvoted.
21.5% of yearly bonus seems to be correct.
My manager just informed me about it and sum he told me is 21.5% of what I have in workday as my incentive target.
@kz so sweet fa in real terms.
they give bonuses? huh?
They are 21.5% of you regular bonus
They are at a certain performance level and yes, it's a pretty good number.
Whats a retention bonus? I've been at Fiserv BH for 3 years (grade 11) and I've never had one.
@fs u r d-mb. Bonuses are not taxed at 50%. The federal supplemental withholding tax is 22%. The supplemental income tax is not in addition to standard income tax rates. Instead, you use the supplemental rate in place of the standard withholding rates. Use your brain the next time you looser.
I thank Fiserv leadership for doing this.
bonus are taxed at 50% ... we need proper raises, not d-mb bonuses
Scamserv bonus. Instead of giving out actual raises, they will give out pretend ones and then take them back via some loophole.
@aq figures
If you have to ask….
Grade 11 and above are eligible
yeah they let me take an extra nap in the BH bathroom.