Thread regarding Charles Schwab Corp. layoffs

Bonus %

Level 57 (non-STS) here and my bonus target is 15% of base salary. Does this increase with career progression as you move through the levels or is it pretty much fixed until Level 60-61?

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| 4193 views | | 13 replies (last March 11, 2023)
Post ID: @OP+1kxQOSUt

13 replies (most recent on top)

@12onu+1kxQOSUt
On the legacy green side we had a set salary and 20% bonus. That 20% was paid 5% in each quarter, so it was basically an even distribution of income. When we moved over to Blue they indicated we would conform to the Blue bonus and base salary. My understanding at least was that that also meant the distribution of salary and bonus. Probably most would prefer to have an even distribution of income like they were used too. The tax rate is also higher on bonuses.

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Post ID: @13nxp+1kxQOSUt

Why would you want a lower target bonus percentage?

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Post ID: @12onu+1kxQOSUt

Go Green,
@luqj+1kxQOSUt

Are you saying that not all 58's, have a target bonus of 20%? Some have higher salary and lower bonus percentage? I thought it was the same for everybody.

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Post ID: @12rpj+1kxQOSUt

I’m a level 57 legacy Blue. My $ bonus was converted to a 16% when the ABO change happened. I got 100% of it and a 3% raise for meets expectations. I was told that my meets was meets and sometimes exceeds.

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Post ID: @10nwb+1kxQOSUt

On Blue side what is the typical bonus payout as a percentage of the funded amount (105.7% this year) if you get 'Meets Expectations' or 'Exceeds Expectations'? Any managers know?

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Post ID: @Vhcg+1kxQOSUt

Breaking news, Noodles is still pondering which decision he will flip flop on next.

Noodles = S I M O N. I N D G E

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Post ID: @rkhc+1kxQOSUt

@luqj+1kxQOSUt also a legacy green 58 here. You mean to say you want to move to a lower percent with a higher base?

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Post ID: @lslt+1kxQOSUt

This unfortunately varies now, so much for One Schwab. I am a 58 with a 20% bonus because I’m legacy green. I hate it and want to move to a lower percent…

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Post ID: @luqj+1kxQOSUt

We missed on 4th quarter estimates. How does this affect funding of year end bonus pool?

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Post ID: @dohr+1kxQOSUt

Percentage won't cahnge. But actual amount will provided you get a raise every year.

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Post ID: @dczq+1kxQOSUt

So I am Job level 58 - I am in STS, and have received approx 14-15% base the last two years. Along with merit increases both years. So as my base went up, my bonus target 14% stayed the same which is expected but had more bonus each year.

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Post ID: @2ojo+1kxQOSUt

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