How are bonus determined

here’s my experience.

15+ years. ever since JG took over FIG here’s what happened. This is relevant to Directors+

In your employment contract they give you a fixed bonus. For example a Director who’s started in 2015 might have a $40k fixed bonus per year. what does that mean?

its $40k based upon how much frank funded it by. If Frank thought we didn’t do as well as planned directors and up might only get 70% of their bonus

Of course this varies based on position, tenure and how much they absolutely kiss a-s

but- every penny they got was based on them cutting costs in the next year. not on doing better, not on efficiencies, not on more sales.

and it continues…..

#Bonus #Pay #BonusStructure

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@a1 su-k it up and move on. we all got scr e w ed

I heard they were based on the amount of wear on your fiserv issued knee pads. Wink wink nudge nudge

@c2 @c2 The "room" isn't only for the downtrodden lower level employee. There are people who look to work here who are senior professionals as well... you know, the people you claim don't know what they're doing because your vast experience pushing papers and answering phones equips you to run a company, but I digress. Those people might want to know what the bonus structure is and how it works for people that are not really in your universe. So maybe you should read the room...

@c2 Thank you.

This site is to call out all the bad stuff going on and to give some data to possible new hires. This post is just fine for this site. The company has so many anti-employee items, we need a place to call that out. I feel horrible for those being let go, but to be honest they will hopefully be better off long term. This place is so toxic right now and it will take years to recover, if it ever does.

This site is about people being laid off and losing their livelihoods. I find it pretty tone deaf to whine about how much of your $40k bonus you will be getting when most on this forum aren't even eligible for a bonus at all much less anything in that range. Read the room.

It wasn't unheard of that higher up leadership (above SVP) would hold back some bonus to give to their directs.

I agree though the funding amount is just whatever they decide. There is no real metrics or if they are they are not bound by it. I have never seen a 100% funding.

The logic behind most bonuses is usually impenetrable. Back in the CheckFree days, we worker drones were told a large portion of ours was based on an exceptionally complicated uptime value. We soon found there was no such connection. (i.e. we had a huge outage the previous quarter, but the bonus was fairly decent).

We soon determined that it was all BS. Every quarter, the C suite determined a bonus amount through methods known only to them and then simply worked backward, generating an uptime value that magically worked out to the the bonus they had already intended to give us. Tah dah!

Goodness only knows what they do now.

I was locked into a fixed $ amount each year as a director but they figured how to reduce it through no fault what of my own

for example my sign was $35k per year bonus

i met and exceeded all my goals but then they said bonus were only being funded at 70% of goal.

so instead of what i was committed to o hit a big pay cut. this happened while the CEO got hundreds of millions in pay.

can anybody help me make this make sense?

Thread regarding Fiserv Inc. layoffs

How are bonus determined

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