JC should look at Hilcorp to learn how to give bonuses to every employee at 75K!
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Don’t worry. They will lay enough people off for your bonuses and to keep all our top heavy VPs, SVPs, and EVPs pockets nice and stuffed.
That’s only every 5 years
Just get your bonus before you get laid off
Apache’s benefits and LTC actually are premier. Unlike everything else about the company.
I cannot complain about my pay at Apa, high bonus, usually > 30% and also LTI>30%. It is hard to leave on this depressed job market.
Most technical staff actually have higher then 30% / 30%…all “senior” titles will likely me 35% or more.
I’m starting to think everyone on this site or corporate junkies like accounting and admins…lol
So you’re telling me you have a 30% bonus AND 30% stock LTI??? That’s hard to believe unless you’re a manager or higher….
Apache actually has one of the best bonus programs in the industry if you are in a meaningful position at the company. All technical staff generally start at 25% bonus eligibility which goes up to 50%+ based on seniority. If you are a “Senior” in your position your bonus target will be 35%-40% based on your discipline and the last 3 years have all had very good bonus pools (unless you suck and your manager docked you).
If you are in an administrative/corporate position your bonus is much less because, let’s be honest, technical people make the company turn.
There are a lot of issues with Apache but anyone complaining about the bonus program is either cr---y at their jobs and being docked by their manager or in admin and/or “corporate” positions like accounting with lower bonus targets.
Who starts a new job and doesn’t ask that info first? Who also starts a new job and is already asking if you need to be on payroll to get paid out the bonus (thinking of leaving so soon?). Lastly, who joins Apache now?
Hilcorp also doesn't have a 401(k) and recklessly allow their employees to bet on individual wells.
You will get a bonus. It will be pro-rated on how long you have been here and based off your salary. You will receive it the second week of February as a separate pay check.
They’re privately owned. Good luck on that
How do our bonuses here work? I’m a new employee who started in June and I’ve never worked for an organization that gives bonuses before. Do you have to be employed the full year to get your bonus? Do employees have to remain employed until the payout date to get their bonus or is it based on prior year performance?