I heard through the grapevine our merit and bonuses are embarrassingly inadequate this year. Anyone out there have intel they can share?
17 replies (most recent on top)
Honestly some bonus is better than getting RIF'd. It is difficult out there right now. Thousands of applicants going for 1 job.
This place is such a disaster it's actually entertaining.
35%
They had to get the 10 million for grants from somewhere…. Have to keep up appearances
How about Gail take 1 million less in bonus. That would probably provide enough to not have to reduce anybodies bonus.
So Gail and team will only get 35% of what they got last year?
I've been hearing between 35% - 50% depending on your team/LOB. The SLT spin of "managers have discretion" is straight bullsh-t. My discretionary pool is tiny and does not make up much gap for top performers.
Don't worry though, the senior level vest wearers will still get their millions.
Why set goals when it clearly doesn't help anything? 1 to 2% increase and no additional $$ in AIP if your manager have favorites.
What a shame, especially for all of those associates that actually work their tails off and put forth the strong efforts. Nothing like getting crapped on for your efforts.
This goes along with the "do more for less" mantra.
“Notably lower”
Woah! Time to go!!!!
Just announced that incentives will be lower. Are the incentive percentages guaranteed at least?
Don't you love how they blame this on managers, as if they have discretion to give you more? In order to give one person more, they must sc--w over another person.
Just announced that AIP merit will be significantly lower.
Keep the expectations very low. Very low Hikes or Bonuses.
- 6%
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