Our group is receiving 80% of what we received last year.
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Bonus was better last year actually, but my merit increase was better this year. I'll just say I was over 90% of target.
My pool was funded @ 80% and I got about 70% of Target. Rating was Meet on both performance and risk overlay.
So clearly the formula i.e pool funding x 95-105% for meets doesn’t apply this year!
No increase in base pay either :(
@itm+196 “The bonuses are BS few managers will do the right thing and pay you what you earned. The rest will nickel nd dime you to get out of paying you for drudge work.”
This makes no sense. I manage a team of 8 and giving out bonuses is one of my favorite things to do. There aren’t many things better than rewarding a top performer with more than they were expecting and hearing the excitement. Why would I nickel & dime? I don’t get to keep what I don’t divvy out and I don’t get a reward from my management for skimping on bonuses.
@2sfi+196pO19z If you are old enough to understand, getting a bonus IS a bonus.
Your bonus didn’t decline, which in itself is a bonus.
Be happy. I was in banking at 3 institutions for 18 years before I had my first bonus, and I was ALWAYS a peak performer. 2 institutions ended them just before I got there and the third instituted them 20 years ago. Never even got a Thanksgiving Turkey or a Christmas ham for 18 years.
I’m hoping for a 21st straight bonus, and I hear the same whining and paranoia every year. Every year I am thankful for a bonus. If I get one this year, it will be a bonus. If I don’t, I consider it to be a non-event.
Job reclassification raise my bonus target from 7.5% to 10%.
Still got the same bonus as last year, so technically it was a 2.5% decrease.
Not really complaining, it's more than I expected from this BS "executive leadership" team. 2nd year in a row of no merit despite exceeds/meets respectively. That insult is a little bit harder to take since inflation makes that a 2% decrease.
So yeah, effectively a ~2% pay decrease but beats a 100% pay decrease.
You all are lucky to get more than zero, which is what most employees get. Just saying.
Got cash at 80 % funding and stock around $20k in RSr. So came down to 90% of my try. Despite everything going on, I have to be thankful
Our group got 85%, there is also a freeze on raised for anyone whose base salary is > $150k. Others got the 2 percent raise
Need to look at your plan and measure this year's payout to that potential figure. Measuring to last year indicates a trend, but % of potential payout last year vs this year more meaningful.
My manager said the bonuses are down around 20 % this year due to too many people still working in the company. This is disheartening.
In my line, funding was based on job title. Lower paying titles were funded higher (90% or 95% was maybe the highest), some were funded 85% and Senior management was a little lower.
102% no issues here.
Apparently our group was funded at 85%, but we're aware of groups who were funded only at 80%.
the people in ICS, pretty much do nothing but fake work, they call some of them risk but they do the same thing as IT, doing it all manually, when it can and should be fully automated.
Wonder when Saul will catch on to this? Seems like such a waste of money
My people got 82 to 84. And 2 pct to 3 pct raise. Fact. Bla bla bla
Good points, now there are 2 new strains of Covid:
- South Africa mutation of Covid
- UK mutation of Covid
Both are now in the US
Be careful and get your vaccine! I am hoping mine is available sometime while I live on earth!
@djp+196pO19z - Stop with the COVID deaths hysteria, most die due to a combination of very poor health and COVID, i.e. - co-morbidity. However, I do agree that the bonus is not a guarantee and should be appreciated.
It's amazing how many self absorbed / entitled people we have running around here. Literally thousands of our coworkers are losing their jobs, and bigger picture we've got people dying of COVID all over the place, and you're worried that your bonus isn't large enough. It's a BONUS people. Read the plan, you're not entitled to one AT ALL, and based on company performance it's not surprising that they aren't funded at 100%. We're lucky any of them got funded at all. Some people really need to get some perspective. It's 2021. If you're alive and employed you're one of the lucky ones.
I want a big bonus just like everyone else, but I'm not going to cry about it if it doesn't happen, or look for someone to blame. Neither the economy nor the company had a good year in 2020. It is what it is.
The bonuses are BS few managers will do the right thing and pay you what you earned. The rest will nickel nd dime you to get out of paying you for drudge work.
Haven’t had my convo on this yet, but the rumor has be 80% of target for months. Honestly glad to be getting anything at all this year after seeing how raises have gone this year.
and what group are you?
Check some earlier threads, Bonuses were deflated based on their amounts, with $5k being the only tier that got 100%....and this is before calibration for Company (non)Performance.
80% of target?
The days of inflated bonus' might be behind us for now, but make no mistake that getting a bonus at all is better than not. I want my max target just like everyone else but I won't be unhappy about only getting 80-85% of it. Don't plan your lives on it folks. That's why it's called a bonus and not salary!
I'd be happy with that.