Was a meets/exceeds in 2020 and bonus down 20% was meets/meets in 21 and bonus up 15%.
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2% raise (flat from last year) and above 8% bonus (higher than last year). M/M (a high M/M).
Your individual performance has no bearing on your comp at all. Bonus depends on 1) how the company does, 2) how your division does (i.e., how big a pool they are given), and 3) your performance. In that order. So by the time the poor little dollar makes its way thru all the hoops, your performance has little to no bearing. Pretty much how the company overall does is how the individual will do. Ratings do not matter (unless DNM, that's a different conversation.)
Company was down last year, so most were paid 20-30% less. This year, company did well, so comp was restored to 2019 levels.
That's all there is to it. No magic formula or secret. Pretty standard for BoA.
I believe everyone’s bonus was down in 2020 and in 2021 they returned to or close to 2019 levels.
My first question while interviewing.
How many strong performers do you have on your team? (Look at flagscape and hedge you bet) if they say mostly everyone - you know you got them by the testees
We are staked ranked
I make it a point to do as minimum as possible up to October… that is when the bonuses are entered.
This data is then passed to HR and 3rd party companies to chop the funds down to bare minimum
Then a week before payday they tell you your numbers, knowing full well your gonna be bent over
Welcome to corporate greed
I haven’t received the numbers yet. Any way to look them up?
The M/M means nothing. They use a stack rank system meaning others probably didn't do as well as you so you came out on top. D-mbest sht ever. Performance is not based on how you do but how you do against your peers. You can rock and still get fcked, as many have if you've read previous comments on this board.
First time?