Trying to understand why my bond wasn’t 100%
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I make it a point of making sure my boss knows where my colleagues came up short and performed badly. I always get my fair and deserved share, typically around 105%.
You own that meeting you have setup with your manager and they give you the litttle PDF. That’s when you ask those questions.
Your bonus wasn’t 100% because some of it was given away to higher performing employees with a good attitude. Improve your performance and your attitude and you will be at 100%. In my case, I got more than 100% because of stellar performance, a great attitude and admittedly a little su-king up. Su-king up works.
The bonus was funded at 100%, which means your managers pool of funds was 100% of whatever bonus amounts for each team member went into the pot to be divided. Imagine a team of 6 people with an average salary of $100k (for math purposes) and a bonus opportunity of 20%. When fully funded, the pool is $120k. The manager then assigns an amount to each employee, so if one gets 105% for higher performance, someone else would have to get 95%.
The percentage of your target bonus that you receive varies based on your manager's perception of your performance. Usually 70%-120%.
There is also a multiplier at the level of the company. Sometimes it's 98%, sometimes 95%, this year it was 100%.