@23m that is correct. The higher up your level, the more equity heavy your bonus with little to no cash. However, don’t forget that recently directors above with at least a meets were given cash bonuses for retention locking them in. Real losers are grades 11 and 12 who didn’t get that and won’t get merit either.
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FiScam bumps merits out by a month each year so that after 12 years you get cheated out of an entire bonus .
If you do not get a bonus, you will get a salary increase of ~2% per usual.
If you do usually get a bonus, your salary will increase by 0%. Your bonus will be 100% stock. (I assume there will also be a vesting period)
Since this is your first year, you will need to ask your boss if you are bonus eligible or not. Or wait until late April and they will explain why you got 0% raise, or a huge 2% raise.
@22z what does this mean? My first year here so don't understand
Incentive eligible will not get any merit. Incentive will be only shares for directors plus.
@1rk how do you know this and when do you expect an update
It shocks me how poor the communication is in this company with something as critical as paying it's employees
HR have delayed again the merits and bonuses.
@c6 We will see.
Any ideas if the conversations for merit and bonuses have started?
Bonus will be structured based on ratings. So exceeds get more and meets get less . Meets won’t get their full bonus amount
tweet tweet merit planning underway, expect the same 2-3% increase with a 70% funded bonus pool this year. Anyone who received ' does not meet' has already or will be exited. Good news, Mike believes layoffs should be merit based or department based (redundancy/outsource), no more across the board 5% or 10% cuts that affect everyone.