Wondering if they announced yet. I heard it's going to be 150% not because of company performance but from the fact that so many employees are pi---d off they are using it for people to stay. Before everyone jumps on me for being a bitter ex employee, they wouldn't be continuing to lay off people if they were doing well plus I was very grateful for my severance package!
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There is a VERY small range for managers to make adjustments. If you adjust too much it flags a warning and alert.
@6sr+1kgjr8b6r Former manager here, this is exactly how it works. We get our allocations in Workday prefilled with some calculated values but then we can adjust.
One of my drinking buddies is a manager there. He said, at least for the salaried employees, HR gives them X amount in bonus dollars. Then, they divy it up how they see fit.
Bosses buddy can't do his job well? Maximum!
Manager doesn't like you, but you're showing the best performance? Medium, at best.
He-l, he said he does it exactly like that.
10-20% headcount reduction from each tech team. All these new VPs and Chiefs had too many people to manage.
80% payout
95% for "top" performers
Agree that bonus is tied to performance. However companies typically have an expense to payroll revenue target. The rumor mill is stating that leadership/the board is discussing going slightly above target to enable a larger payout. I believe this is similar to the ERR conversations from last year. Just rumors but there many of these types of rumors tend to be true. I believe the board met earlier this week and announcement should come any day now.
I would say they are going to target 150% base for people but encourage managers to find more people to give 1/2 ratings to and also reduce the multiplier for 4/5 ratings.
They are getting ready to strategically manage expenses. No need to bribe people to stay.
It hasn’t been announced yet. They wouldn’t make it 150% just to keep people. It is tied to company performance in various categories.