What does everyone think of the new bonus plan? 5% of your salary for the whole company starting next year? Sounds pretty good to me. Maybe the ERP and layoffs along with the recent Trump tax cuts have freed up some money that is going to be redistributed back to the employees.
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I would find it hard to believe that the people who have been getting more than a 5% bonus for years would accept that and be happy to stay. It is true that employees were given more financial perks and higher bonuses in previous years than now and that they have slowly dissolved in order to increase the profits for those who have stock options. The ability to purchase ADP stock through the 401k plan was removed a few years back and ADP stock has increased for years without splitting which is highly unusual. You might want to ask yourself who profits from that?
The bonus structure has been dependent on how well the company (division?) is doing and I never had a manager that could explain how it was calculated now matter how many times I asked.
Touche....
The "funniest/saddest/funniest" thing to me is the people who do not like what people who retired or were laid off from ADP say here and would like them to stop and not say anything bad about ADP. Hello? This a layoff site. People can post here anything they like despite what other people may not want them to say.
ADP has the power to lay off anyone who works for them, and present and former ADP employees have the power to say anything they want here. So get over it. Let the people speak whether they are interested in ADP or not.
The funniest/saddest/funniest thing to read in these threads are people who got let go or took erp, come here to b--ch and moan and yet here they are... still worried about what the company is up to.
It will be a bell curve of some kind where o my the top 10-15% get it. Majority probably at 2-3%. Bottom 25% get nothing. That’s if they hit their planned target from a sales and retention perspective.
Don't forget they have to hit the minimum threshold even before they start 'awarding' half of what they used to. What a deal--not.
5% ... Wow, dance for crumbs you slaves while us execs get 40% bonuses plus stock plus free cars travel and shall I go on? Wake up, we are making you beg for pain!
Adp will make the target goal hard to meet and you won’t see a bonus. Let’s not forget the good old bonus tax even if you do receive anything.
I took the ER for the June release...was at ADP for 26 years. This so called 'bonus' is nothing compared to what the past ADP used to do for us. Good thing I never sold any of my stock that I got on my anniversary date. ADP is nothing but a shell of what it used to be....how sad. And yes....I remember the $25.00 for the Thanksgiving turkey!!
Don't mean to burst anyone's bubble but before the great recession. it was up to 10% of your annual salary and then bonuses were paid out quarterly and then it went to semi annual and now annual.
Plus on your anniversary dates, you would get a share of stock and then of course there were the stock options as well. Hell, even on Thanksgiving we would receive a $25 coupon for a Turkey. Each year they took away more and more and more.....don't kid yourself they aren't being generous at all......just a few crumbs..
Like everything else, Smoke and Mirrors
I think they realized when 72% took the ERP that they just may have a retention problem with their associates and are trying to stem the tide in the short term. The plans they have to move to the mega centers isn't going to change, but the timing of building those into sustainable groups while cutting the existing associates has to be tightly coordinated and the fact so many opted out during the ERP must have opened some eyes.
I think that ADP employees have more pressing matters to worry about than bonus plans. Mainly survival. The experienced and accomplished employees that are still left have to worry about being laid off as ADP continues its employee replacement scheme of eliminating high wage workers with low wage ones. The new employees being hired in have to worry about learning the complex systems properly and justifying that difficult learning and putting in overtime hours for very low wages, when many jobs at other companies pay more and have less complex work. I'm sure that bonus plans are not too much on their minds.
Yes, realistic targets are very important. The 5% on a $36,000 salary would be $1,800.
Hope they don't pull it away before that time though. They used to pull stuff like that. I used to work for ADP, and some years back they pushed everyone to put even more overtime hours on top of their overtime (uncompensated of course). They said that they could bank those hours and then take a lot of it as comp time during the summer. A lot of our employees jumped at that, put in the extra O/T over the fall and winter, expecting a lot of time off in the summer. Then in March they announce that "the program is not working out" and it is being cancelled. The employees asked what about the extra hours they put in? They were told again, "The program has been cancelled". Sorry s---ers. I did not participate, so was not affected, but some of my friends who did were enraged over this. One person was so angry they quit.
Then there was another time you could take extra projects and do them on personal time and get paid $40 an hour. But then they started to pull back what they were paying until it was zero. They were still hoping that people would take those extra projects and do them for free. But the people developed a "no payyee no workee attitude" and stopped doing those projects. Go figure.
Better than nothing but let's see if the targets are realistic.