This quarter's earnings basically guaranteed that your STI will not be funded at 100%. Not saying none will be paid, but you will take a big hit this year. If you are worried about BD or PZ, don't. They will still get well over 100% plus LTI because of the great job they have done since taking over.
But you, the workers, you will pay with your bonus.
yes they should or remove it from my total direct compensation. You can't base a wage on an imaginary number. If it is a bonus then remove it from tdc. If it is tdc then stop paying less than target. that's not too hard to understand is it?
It is a bonus. it is based on results. Based on your thinking they should just add it to your compensation at the beginning of the year and get rid of STI.
because it is not a bonus. it is part of compensation.
Why would you think you should get a Bonus after the results over the past 3 years. You need to leave and find a real job.
Many people aren't waiting,to be riffed, they're leaving. See it daily. And those who leave will take others with them. I guess we will see the true limits of offshoring. Hope leadership is able to look themselves in the mirror.
thats the good thing about a rif, your STI is funded at 100% up to your rif date.
AIG includes sti in your total direct compensation. They use your tdc when doing market analysis of what other companies are paying. They use your tdc to justify not giving adequate cost of living increases or adequate pay for promotions because "your pay is inline with the market". Then AIG takes away sti money because the leadership is incompetent. But it doesn't take the money from the leaders, it takes it from the employees. Look at the 2019 annual report proxy page. it shows what the execs received for sti. PZ got 200% sti in March or $6,000,000. Did you get 200%?
If sti is part of my tdc calculation, then target sti should be a starting point and go up front there. AIG should not be able to report a tdc that is totally at the mercy of how badly this company is managed.
Talent is leaving AIG in droves because real companies are paying guaranteed money that is comparable to AIG's "tdc". The entire sti process is a joke for the employee and another way that upper management screws and steals from lower level employees.
The corruption runs deep at AIG.
Correct, less than 100% for 95% of the workers. But BD and PZ may get over 200% next year. This takes away from the employees trying to do work and shareholder value. If I was a shareholder, I would dump this stock while you can.
Next thing the crooks will do is reduce severance, except for their golden parachutes...