So you know how the yearly bonus paid out at 80%?
The JDI day party cost was what took it down to that, otherwise it would have been 100!
WTF???? !
4 replies (most recent on top)
@sxn+1ja48CKD The formula you reference is what we have been told for years how PSP numbers are calculated (and how it has been done in the past) however, in a discussion with a high level HR VP - JD pulled this 80% number out of his a-s. There was ZERO formula. This was extremely disappointing to hear but nothing really surprises me much anymore.
Congrats OP. I’ve read some d-mb posts on here but yours is near the top of that list.
Definitely not true, but no doubt JDI was an unnecessarily large expense
Do I dare ask how you claim to know that?
PSP is derived from a set formula and I believe that formula is explained somewhere on Zero. I strongly suspect costs for major company events are budgeted well ahead of time in a particular category of spend and, in any event, comprise only a tiny fraction of the overall company financials used to calculate PSP. I seriously doubt a single company event, even if it did cost several million dollars, could knock a full 20% off PSP. That claim doesn’t even sort of sound accurate or credible.
Your post is ironic though. Just yesterday I was reading a news article detailing the increasing number of Americans who seem to almost completely lack a functioning “BS detector”.