Thread regarding Wells Fargo & Co. layoffs

Bonus pool funding?

Curious what other managers have received for bonus pool funding and what LOB you’re from.

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| 3203 views | | 17 replies (last November 21, 2023) | Reply
Post ID: @OP+1pCNHnmJ

17 replies (most recent on top)

Funding is flat. Meaning nobody is getting the amounts provided in the guidance tools provided.

It's an absolute farce of a system.

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Post ID: @5nfg+1pCNHnmJ

Plenty of Bone Us to go around this year,

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Post ID: @5ugx+1pCNHnmJ

Managers don’t see the bonus pool in the comp tool, it’s provided to them either by their comp specialist or their boss.

I am a manager of managers, and my total bonus pool is flat to prior year, adjusting for new hires and departures.

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Post ID: @2pux+1pCNHnmJ

So much incorrect information here.

Managers should see the pool for their directs soon. Numbers won’t be finalized for a good 2 months, but the draft allotments to all their directs will be made very soon.

I haven’t seen numbers yet, but was verbally told that they are looking similar to last year, which is Good.

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Post ID: @2vhj+1pCNHnmJ

Bei Ling got me an increase of 5% over last years numbers

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Post ID: @2baf+1pCNHnmJ

@1vlq+1pCNHnmJ

I thought your manager can choose what your bonus is?

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Post ID: @1pdb+1pCNHnmJ

90% of 2023
IRM

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Post ID: @1hvf+1pCNHnmJ

Hopefully everyone gets paid max. That’s what I’m rooting for 100% of so many good people there deserve it!

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Post ID: @1wif+1pCNHnmJ

@nxn+1pCNHnmJ

Your manager won’t know what you are getting for a bonus until the numbers are finalized in January, just before the payout.

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Post ID: @1vlq+1pCNHnmJ

No matter how much pool is available in your LOB, in the end, it is always at the discretion of your boss. If you are their favorite, they will always give your team a good amount of money. If they don't like you, they will always give your team a small amount of money. But you are not allowed to know how exactly they allocate because you are below their paygrade. Need to know basis!

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Post ID: @dwo+1pCNHnmJ

I don’t think those numbers are available until December. Heard it’ll be tighter this year.

The Coach Di-k days are long gone.

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Post ID: @klm+1pCNHnmJ

When can the manager actually distribute the bonuses per employee in the system. Thought it was now, no?

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Post ID: @nxn+1pCNHnmJ

This exact question was asked yesterday. Stop trying to bury posts.

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Post ID: @jiv+1pCNHnmJ

Agreed, you can't see it in the tool, but you're told what your pool is. That's what OP is asking.

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Post ID: @hcz+1pCNHnmJ

most managers dont see the bonus pool in the comp tool. only certain levels of leadership do

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Post ID: @nrc+1pCNHnmJ

100 meeeeelion dollars

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Post ID: @kds+1pCNHnmJ
  • 25%

Just be glad you still have a job

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Post ID: @wde+1pCNHnmJ

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