Anyone have an idea about AIP?
17 replies (most recent on top)
My AIP/bonus was at 90% not 100%. How about you all?
Anthem AIP did not pay. I jumped ship a while ago and glad I did. Just got close to a 20K bonus payout and 6% raise.
As stated before the payout date is 3/10/2023.
Your mgmt has to be allowed to tell you by some mgmt above them.
Historically when they tell you can be from the week before (starting 2/27/2023) to the Wednesday before (3/8/2023).
Normally you can see checks in Pulse/WorthlessDay the Wednesday of the week being paid out.
There was one year that they did not tell us til that Wednesday before and the powers that be made it so you could see your check until Thursday.
March 11th is my last day.
Supposed to find out between March 2 and March 8, I think. Check date is March 10.
When do we find out how much we actually get?
@clrp+1kKnFssY What are you talking about? You’re just confusing the issue. Yes, it’s based on salary. You just described what salary is: everything you earned last year minus all the bonuses. Let’s keep this simple since it’s defined in pulse.
Aip = total salary last year * aip percentage * AIP payout ( this year it’s 100%). Then your manager can add on a few percentages if the money is there.
Note AIP is based upon your pay for the previous year minus AIP and minus any Impact awards and minus other bonuses. You cannot just use your salary
- if you are on any type of leave, you do not get AIP for that period of leave
- merit raises usually take effect in March, prior to that you were making one salary, after (hopefully) you are making another
16
@9mxe+1kKnFssY That’s not accurate. The tool will not allow you to give below the base AIP amount. Like I said this year that is 100%. Any additional bonus is manager discretion but they only have so much to work with.
If you are at meets, be prepared to receive from 50-75% of AIP. Remainder is being given to those few individuals your manager feels make them look best!
I was laid off by Anthem in 2020. I see not much has changed. Executive does everything its power to decrease the number of employees getting Exceeds Expectations and thus a larger AIP. They started doing that as soon as Gail came on board, even as far back as before it became publicly traded. For those who don't know, AIP means Annual Incentive Plan.
All of that profit has to go to the Executive team and shareholders.
AIP is at 100% this year. Salary * your AIP % * 100%. Since senior leaders pushed down ratings, this means there is not as much budget for increases on top of the 100% in your managers budget. The additional bonus your manager gives you is from a limited pot that is driven by ratings.
Estimate is that most people will only see 2-3,000 on top of their AIP
Merit range is 2% to 4% for meets. 4-6% for exceeds.
Annual Incentive Program =
Funds and / or percentages are allocated to your dept/manager, then disseminated by the manager as to whom he or she (sorry they or them, trying to be proper not easy these days) likes the best. .
Plain and simple
You're welcome
I will post once managers have access to the amounts. If you get a meets and really did expect an exceeds, don’t feel bad. All of the front line leaders were required by VPs to reduce the number of Exceeds to 1 or 2 people per org.
No communication nor transparency at this company anymore. You are just a headcount there to churn out work, until you are not.....
March 10
What is AIP?