I recently became bonus eligible (grade 11) in September (US employee).
However, I was basically told “everything is under review and typically you’d get 33% of your bonus in cash and the other 67% in stock”
Anyone know if that’s staying and when the payouts typically are? Can’t find anything on FUEL and my managers keep saying they can’t be 100% certain…
@ga You were not here very long? The story doesn't add up.
@gc When you get fired I hope AI is there for you
HR here is a joke. Could save some money if we just let them go and continued having the hiring managers themselves use AI to write up job descriptions, what the he-l do the hundred of HR folks really provide the company? Even the clawback of SOME talent that HR pushed out has been done by the hiring managers and others themselves, no one cares at all what the recruiters say or do.
Good luck. I was OFD and had ~40K of bonus equity. The converted me to a contractor so I lost all of it. Gone. Poof! Glad I decided to leave right after that and make more than the bonus more a year.
You'll never get a clear answer but that's what it was through this time last year before I left (I was Grade 11).
@aa Not fully true......
You get 1/3 of the RSU Stock over 3 years. (1/3 each year) managed by Fidelity.
If Fiserv lays you off, you get to keep the stock, and it is available at the Interval that was originally provided. It will not amount to much, just saying.
Again, if laid of, they do make you sign a document, sorta an NDA but do not restrict you from going to a competitor - Lots of folks did just that.
Now what they would do is if you took a Package to move to a Center, and left before your 2 years, yes they would claw back the $$ they promised to for the move, etc. - So read the documents, ask HR for those types of documents that need to send those to you.
The cash Bonus provided is Taxable, of course.
And your pay raise (if provided) does not even cover the increase in the cost of living.
The information you are requested hasn't been decided yet. "everything is under review" means that Fiserv may or may not be changing the way bonuses work. There was also a leadership change which could trigger a change in the bonus policy. There was also a sudden drop in stock price, which could trigger a change in the bonus policy.
@a3 There usually are, yeah
@aa What if you get fired
Historically, the stock part of the bonus is RSUs that vest over time. If you leave the company before they vest, you lose them.
And they have a non-compete clause in the documents when you accept the RSUs that you will not work for a competitor for 12 months if you leave. If you do, they can clawback any bonus payments you received.
stock at these levels will be gold. i know people are a little nervous right now but this will pay off big
That’s pretty accurate but i suspect a lot will change for this go round
You think they’ll be discretionary bonuses when the company is amidst collapse? Lol.