I'm hearing the bonus payout is 114%. Is that accurate?
19 replies (most recent on top)
Got my bonus. Laid off last year. Love a severance and a bonus and a new job. Cha ching!
Exactly right !
Surplus folks can call payroll to get the gross amount. It’s available for them to see. Or just wait another couple of days.
OP. How do you work here and know
Literally nothing? You seem to be a prime candidate to be let go. Seems weird to flaunt your ignorance
Salary x Level percentage x percentage to target
I was able to call in today and get an amount
So if you were the OP, please do tell what it was and/or how they explained to you how they arrived at that amount. P.S. No matter what it's called, the calculation method has remained the same. When I first started, it was called "at risk pay." And it has always been SalaryLevel percentagepercentage to target.
7 years. They moved job from comp to success bonus. I was able to call in today and get an amount
Wait, wait...they couldn't figure it out before, and now you're going to fu-k them up with PEMDAS? Hahahaha. Diabolical.
What baffles me is apparently this person only worked 5 months--ever for T? Like is this the first time ever he's gotten the success bonus? We're told every year what are success target is, and how to calculate it once the percentage to target is announced. Should be pretty easy to figure out what the prorated amount should be from there.
Among the 37 members of the OECD (Organization for Economic Co-operation and Development), most of which are higher-income countries, the U.S. ranked 22nd in math achievement.
Let’s say that the target bonus percentage for your title was 11%.
Let’s say that your salary for the first two months in 2024 was 181,000 and it was 185,000 for the next 3 months.
2024 Bonus: 114%
Number of days in 2024: 366 (leap year)
Number of days with salary of $181,000 = 31 + 29 = 60
Number of days with salary of $185,000 = 31 + 30 + 31 = 92
Bonus = [ 181,000 x 60/366 + 185,000 x 92/366 ] x 0.11 x (114/100)
I can’t figure out how to reply. Yes of course i was non technical. Welp, i was a sales engineer but in a weird non commissioned way. How off is my math? I cant figure out what my “group” is
Your Math is really bad if you were in Software development, Engineering, IT, Accounting or Finance. If you were in a non-technical field then I would understand why you don’t know how to calculate the bonus amount.
Just be happy to get whatever you get.
Not correct. You need to know what your success target percentage is.
See @rru+1rpZJV0o
You were let go for a reason. You're a low performer. I wish a few of the people on my team were let go with you.
Hey to clarify. I was an employee who was surplussed may 31.
So the math for me would be 185000 (base) x (5/12) x .14 right?
No one can confirm when i call
Your supervisor/manager should have covered you on your bonus payout already. Like 3 weeks ago.
You should be first on the layoff list.