I was told the Bonus as part of severance will be at 75 percent
There were earlier reports here that it would be at 100 percent
What has been your experience?
7 replies (most recent on top)
75% which is ridiculous. The bonus is part of my pay structure. I'm paid less because of the bonus. I successfully worked the entire 12 months. I should get 100%.
I remember reading (and downloading) the official severance policy on the HR site (when I could still find it). Paying 75% of pro-rated bonus target has been the policy for years. For example. If there is another round at the end of Q1, payout would be (75% X FY24 target) X 25% for three months.
So for those getting laid off now, at the end of the fiscal year, are receiving 75% of their full year target, regardless of what the survivors may or may not get for FY23.
It's correct, IBP 60% revenue, 40% operating income. Both must meet 90% to payout.
Nice way to p!ss everyone off and ease the way out the door.
But if they publish such bad figures will that affect Wall Street and the debt? Not forgetting the $1B fine Mr D. has to pay, no doubt out of our pockets.
Lower bonus,higher targets,more cr-p.
Natural attrition = No severance payout from Dell.
Check IBP policy
**Must meet a minimum of 90% of each metric to fund plan.
Dell's policy is no bonus if you are laid off or not employed before bonus pay date unless they changed it specifically for this round
I suspect lower bonus and junk reviews.
They want to force an unnatural attrition.