How is bonus distributed? Do managers get a lump sum and asked to share amongst his team?
7 replies (most recent on top)
Each teal leader is allotted dollars and each team leader is to divide it up accordingly…use to be based on performance ie meritocracy. Now who knows…big lips get $
Your ratings were decided for the most part in July.
More concrete discussion in September for final ratings to ensure the bell curve for SP 1/2/3 is right amd for any EP's to be discussed and justified or knocked down to an SP1
SP 1/2/3 all come with bonus percent bands. SP1 can be 100-120% (of the bonus % as per your grade) for example
Crypto
All managers in a particular group go into a room to discuss the people reporting to them. Most managers at Fidelity only speak up/fight for their pets. That explains who gets the higher ratings and then who gets the better raises/bonuses/shares.
Fidelity likes to pretend reviews are merit based but there is no truth to it!
No, managers don’t get a set pool of money . When bonus % is decided the actual $$ isn’t available . It auto-populated based on your performance, and managers can influence/change it only if very strong case.
@OP managers here should
Nobody knows