Thread regarding Fiserv Inc. layoffs

Bonuses - real or myth?

I was hired by Fiserv earlier this year. My compensation plan includes a 5% bonus. Are bonuses typically paid?

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Post ID: @OP+1jMnU7gD

13 replies (most recent on top)

What is the eligibility for a bonus? Being employed on Dec 31? I guess its doesnt matter if it is all RSUs at a later date

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Post ID: @6dei+1jMnU7gD

Select Clover employees were recently given special retention bonuses l

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Post ID: @5twv+1jMnU7gD

Bonuses are paid.

The amount feels like sp-t in a cup, but it'll get paid.

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Post ID: @2tmf+1jMnU7gD

Accurate. Back in the day when the stock grew and split

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Post ID: @1vuf+1jMnU7gD

Your information is old --- there is only one bonus pool - called one Fiserv, not by every business. This approach's drives teamwork, not completion among associates. You are referring to the JY approach, that was put in the can with many of his other d-mb practices.

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Post ID: @1ivj+1jMnU7gD

The executives are on a payout % plan different than the BU’s. The executive plan routinely pays out > 100%. Each BU plan is different, so your experience may be different. Our BU never made the 100% mark

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Post ID: @1sdp+1jMnU7gD

Of course bonuses are paid --- in fact Fiserv paid bonuses the year of the pandemic which virtually no other company did. Yes your 5% will get paid. By the way last year the pool was 100% so not sure what the person who mentioned 90% is talking about. And yes the bonus is a mix of cash and stock.

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Post ID: @1efy+1jMnU7gD

It’s been 4 years in Fiserv, every year it’ was just 1-1.7% hike. But got to know from teammates the highest they got is 2.7%. And I felt mangers are just trash here.

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Post ID: @1grx+1jMnU7gD

Prior post is 100% correct. Bonuses are typically funded at levels below 100% based on company performance metrics. And no explanation for why the funding level is at - say 90% - is ever given...even when the company has had outstanding results. Also, seems there has been a gradual move to make more of the bonus RSUs (that vest over 3 years) than cash.

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Post ID: @vqx+1jMnU7gD

You will get a fraction of the 5%, say they fund bonuses in your BU at 90%, then they will decide some type of split between stock and cash. Say 50/50. Also your first year it will be pro-rated for the time you were there. Something like Annual Salary * fraction of the year you worked * .05 * .9. Then divide by two to get your cash vs stock amount.

It never happened since I started getting a bonus but it can go above 100% if the company does really well. Keep in mind in the 10 years I have been at Fiserv, I have never once seen HOW the bonus funding percentage is determined. It feels like it is just whatever the CEO wants.

There has also been rumors that the CEO gives each BU a rating like meet, exceeds, etc. and that rating also impacts the BU's bonus.

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Post ID: @iar+1jMnU7gD

Bonuses used to be cash but with FD taking over you get stocks that vest over 3 years... in other words don't count on getting extra money anytime soon

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Post ID: @hfz+1jMnU7gD

Fiserv offers two types of bonuses. A signing bonus, and a yearly bonus. The signing bonus you must stay for a year in order to keep it. The other kind of bonus I have no idea. I get merit raise instead of bonus

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Post ID: @bkv+1jMnU7gD

All assumptions based on history.

Im on the management track and got a bonus the last 2 years. Is it typical? No I've been 20 years and this is first time. With layoffs I would suspect this year to be heavy for the executive leadership and everyone else gets up to 2% and even at 2% not everyone will get that distribution cause managers have to break it up among who won't complain.

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Post ID: @ela+1jMnU7gD

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