The fact they did not share with the employees beginning of 2024 on what the bonus structure would look like is a major issue/violation. Similar to the way they structure and obtain HR, legal & compliance approval for sales IC. How come for the annual bonus, we all surprised about the payout and calculation?! Announcing in Q4,24 that everyone will be force ranked is another miss !! WTFWhat’s the deal with this year’s bonus structure? We were told 90-10, in favor of company performance, and then leadership kept touting 139% company performance factor, but apparently that doesn’t apply to everyone??
Feels like the company is deliberately trying to pull a fast one on us, and it’s beyond frustrating - disappointed.
What do you mean it doesn’t apply to everyone? What did yo my hear? I haven’t had my discussion yet.What’s the deal with this year’s bonus structure? We were told 90-10, in favor of company performance, and then leadership kept touting 139% company performance factor, but apparently that doesn’t apply to everyone??
Feels like the company is deliberately trying to pull a fast one on us, and it’s beyond frustrating - disappointed.
Does this penalty applies as well to stock options, or are they fixed and ‘untouchable’ by contract? Some people other stock options reduced. Who decided that? Manager only?Not sure about how sales bonuses are structured, but us office pukes get 90% of 139% plus 10% of individual performance rating. So for someone that meets expectations for performance and values and would is eligible 100% of their target bonus then:
Total Payout = ((0.9 x 1.39) x Target Bonus) + ((0.1 x 1.00 ) x Target Bonus)
Unless you were a poor performer, then you were penalized and would receive 0-45% of your Target Bonus. For these people, the company performance of 139% is not considered. This penalty is a new approach. Enjoy!
The fact they did not share with the employees beginning of 2024 on what the bonus structure would look like is a major issue/violation. Similar to the way they structure and obtain HR, legal & compliance approval for sales IC. How come for the annual bonus, we all surprised about the payout and calculation?! Announcing in Q4,24 that everyone will be force ranked is another miss !! WTF
That is bullshit.Not sure about how sales bonuses are structured, but us office pukes get 90% of 139% plus 10% of individual performance rating. So for someone that meets expectations for performance and values and would is eligible 100% of their target bonus then:
Total Payout = ((0.9 x 1.39) x Target Bonus) + ((0.1 x 1.00 ) x Target Bonus)
Unless you were a poor performer, then you were penalized and would receive 0-45% of your Target Bonus. For these people, the company performance of 139% is not considered. This penalty is a new approach. Enjoy!
It’s not bullshit.That is bullshit.
Total Payout = ((0.9 x 1.39) x Target Bonus) + ((0.1 x personal performance ) x Target Bonus)
That means even if your personal performance is given 0%, you still get the majority: (0.9 x 1.39) x Target Bonus. If not, call HR for explanation.
Call HR. Hahahhahahhahhahha. Please give me that number.That is bullshit.
Total Payout = ((0.9 x 1.39) x Target Bonus) + ((0.1 x personal performance ) x Target Bonus)
That means even if your personal performance is given 0%, you still get the majority: (0.9 x 1.39) x Target Bonus. If not, call HR for explanation.
Will they also have a copy of how they will short change everyone? In one division, many had hit the ball out of the ball park for their performance last year. When it was bonus time, they received 40-60% less than the expectation. Next thing, the entire division was laid off. Leadership had botched up finances for that division and tried to pin it on their people pushing the nice and weak on the layoff list. Good thing is that someone saw through that and pushed them out too. Some of the leadership for that division tried to wiggle in some extra time and a couple of weasels got extensions for an additional 3 months after all their people were laid off. Then these weasels tried to negotiate for jobs within BMS. Some got absorbed back and some were rightfully shown the door.Uhm, all employees received a copy of the bonus plan, as we do every year. Readily available on myBMS. You just have to, you know, read
Did you miss the last line? For poor performers the company multiplier and the entire calculation do not apply. Poor performers get penalized and are set to 45%. Managers can then adjust up a small amount or down to zero but no poor performer will get even close to 100% target bonus. Poor performance includes how well you show the Values, so thankfully dickheads assholes and other parasites will be penalized. It's about time. Let's fucking GOOOOO!That is bullshit.
Total Payout = ((0.9 x 1.39) x Target Bonus) + ((0.1 x personal performance ) x Target Bonus)
That means even if your personal performance is given 0%, you still get the majority: (0.9 x 1.39) x Target Bonus. If not, call HR for explanation.
You should be on one. In these horrible times, you are coming up with a lousy solution. Who determines this? There are useless people and useless managers in BMS for decades and you come up with this beautiful solution so there can be false implications. The manager should be held responsible.Low performers to be put in PIPs soon where needed, so... big brother is watching and no hiding anymore.
Also better be coming into office 50% otherwise your 2025 bonus will be screwed if you make it through to next season!
Your friend in HR
Same guy again.Low performers to be put in PIPs soon where needed, so... big brother is watching and no hiding anymore.
Also better be coming into office 50% otherwise your 2025 bonus will be screwed if you make it through to next season!
Your friend in HR
Big brother can take a hike. This is the worst way to get rid of a person you don’t like.Low performers to be put in PIPs soon where needed, so... big brother is watching and no hiding anymore.
Also better be coming into office 50% otherwise your 2025 bonus will be screwed if you make it through to next season!
Your friend in HR
Yeah, every thread this guy tries to inject his “philosophy” on office requirements. He’s often posting as multiple people to make it seem like this is a serious issue.Same guy again.
