I’m sure everyone was expecting more - this is disheartening.
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GM got 200%. what a joke.
Given that stock price, better than deserved.
Gap at $16 still needs to be filled, :).
I was there for over 15 years worked up to LL5. Only saw one year with good profit share. You just are not gonna see it there. Leave. Life is better elsewhere. I make significantly more and have an annual bonus that I would never get there.
This is complete BS. Work you a$$ off all year long with less people but not less work and get a lousy 2% merit and 54% of AICP while Bill, Farley, etc. all rake in millions. Please offer voluntary packages this year. I will retire early.
With all the recalls, how was Quality the only metric “above plan”?
The formula is a joke It is a way for management to do what they want. Employees are never shown the detailed calculations behind the AICP percentages. Another way to sc--w salaried workers.
LL5+ received 135%
No kidding! The beatings will continue until morale improves.
No one expects that the annual merit adjustments will even meet the nominal inflation of nearly 7% (whereas when measured using the formula in place in the 1980's it's 15%, already at the peak that Reagan inherited from Carter) so staying here to be part of the "great BEV bo-m" will effectively be a pay cut. Demanding that people regularly commute to the office will be an additional pay-cut. Thumb in the air: 2 gal/day comes to 100 gal/year for every day a week you have to come in. Gas will very likely average at least $4.25/gal across the coming year. So about $500 effective pay cut for each extra day a week you have to show up to justify that fine new transformed campus. Personally I expect that the cost of gas + oil + repairs + insurance is going to go up quite significantly this year due to the many factors creating strong inflationary pressures.
But hey, at least you get an Aprils Fools day joke of 2% merit against 2021 7% inflation rate. And with JB in the Whitehouse, it shows no sign of slowing down in 2022.
Mid-February, and paid $3.39 for regular yesterday. And they are forcing us back into the office at least part time starting March 1st!
Thank you sir, may I have another?
Why? We had a cr---y year....the current formula is know and a cr---y year will impact bonuses in a big way. Nothing new.
Now if you are talking about the fairness of the formulas as they are applied, that is a different story. For instance, as a GSR, I really don't control or contribute much to any of the goals, per say, so I can't impact then positively or negatively....so not really fair for GSR to be held to same standards as L6's.