How about this? Under the new way the STIP multiplier is calculated you can get a performance rating of "Successful performance" (where about 80% of the company lands) and receive a STIP multiplier as low as 70%!
So....... Meet all your goals, exceed some of your goals, and STILL not get a full STIP payout. LOL, it just keeps getting better and better.......
70% is the new 100%
Post from TheLayoff.com
But HR forces people leaders to fit performance ratings to a predetermined curve. They change it all the time!
Did you read the whole thing? HR can't force your leader to give you a lower rating!! And you can get a much higher multiplier!!
Al at 130%? Think again. Al received a STIP 210% last year for individual performance. Overall STIP of 270%.
What do you think Al will get
everyone guess between 70-130 ,
I think 130% no matter what happens.
"Act your wage people! Don't work one minute harder or longer than contractually necessary."
And be satisfied with the lowest multiplier available.
It’s pretty bogus to me they did this over half way through the year. For sure a money grab.
Act your wage people! Don't work one minute harder or longer than contractually necessary.
AP = Absurd Performance
IP = Intrepid Performance
I will work until they lay me off - seriously nothing to loose
I thought the same as you posted - thanks for posting
Does IP really get miraculous performance?
Well I guess time to do 70% of my work now down from 75%.
No one cares or gives a sh-t here.
It is now terrible morale and nobody has drive to succeed.
Get what ya pay for !
I would love to say I am shocked....but really I am not surprised they have found yet another way to cut something else from us.
The new multiplier is designed to reward the best minds and truly elite at Enbridge. Of course I am speaking of Infrastructure Planning which is the backbone of Enbridge. With IP we can expect a bright future filled with roosters and windmills. The only unfortunate development is that a rating of Miraculous Performance is not added yet.