When are they given?
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Announced 2/17 and paid 2/25 for US employees
In October we do our annual review for the year (that was finalized in February). Then the managers fight and debate and grandstand over employee rankings.
If you look good you get ranked well.
Then they take November and December off for vacation.
Then they wait for end of year results which come out in late January because our accounting is prehistoric. Then they adjust and debate ratios and spin.
Finally in late January the BoD approves VCIP. Coincidentally the ELT is always awarded lavishly. Then our Great (sized) leader has a town hall, and two weeks later we get the check. Late February.
Oh! And if your powerpoint skills are exemplary, and you excel at Brown-nosing sniffer agreement, you get awarded RSU’s or even options!!
Yippee-ki-yay “hi-Pots” !!!
Number goes out mid Feb. Payout typically late Feb.
I'M retired. What is the VCIP ### this year?
Right before the sound of hundreds of pairs of feet rushing for the nearest exit.
Towards the end of Feb