During Last week Associate Forum, it was mentioned that, Bonus is part of Pay at Risk. Does that mean that, we are not going to get bonus for 2018. How should we look at that statement.
11 replies (most recent on top)
That is true, but we also had YOY sales/margin growth in addition to EBITDA growth.
Of course laying off people helps you get to the metric, if we’re bonused on EBITDA and we decrease spending in marketing, SDS, or headcount, that is going to directly impact EBITDA.
To clarify, you do need to be employed and on good standing through the end of the fiscal year to be bonus eligible as a previous poster said.
"eligible" more weasel words. meaningless.
Your bonus, whether you are currently employed at Staples or not, is tied to your performance. if you receive a meets expectations rating at the end of the year you are eligible for roughly 100% of the bonus payout. If you exceed xpectations you can get more and if you don't meet expectations you can get less or zero bonus.
There is a question and answer in the FAQ that came with the severance papers related to the APA Year end bonus. The question was: If I am bonus eligible, will I receive my APA (Annual Performance Award) bonus? The answer was: Associates must be employed through the end of the fiscal year to receive their APA bonus.
So in theory, if you are let go, after the end of FY 2018 (end of Jan 2018), then you should get your 2018 bonus... however, my understanding from a discussion with my first manager at Staples was that he had to approve it in a tool in order for the associate to get it.
So my question is, is it possible, that once you were put on the list to be let go, that someone could have decided to not approve your bonus, or to approve it, but perhaps say your performance stunk, and give you less ?
It's at risk pay because it is tied to a metric. Don't hit the metric and it isn't paid out. In 2018 we crushed the metrics and will receive greater than 100% of our bonus (Corporate).
Pay at risk is the portion of an employee's compensation that is variable, or “at risk” of not being paid out. This “at-risk pay” is typically performance-based and is in contrast to the fixed pay (salary) that the employee receives as a condition of employment
I'm feeling like, we are not going to get any bonus for 2018.