Taking Bonus from 25 to 18% and they saying look at how much you are paid is completely disingenuous. Why were grade 12s penalized more than any other group?
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First, you didn't get penalized more even if we just look at bonus %. 25-18 is a smaller reduction than the 15-10 for a G10.
Second and seconded to other comment. If you are making a G10 salary, chances are you are in the 90th percentile of the population as a whole in terms of personal income. It's tiring to hear the whining from people who compare their salary to what principal engineers at Amazon make or whatever.
If the didn’t move bonus to pay, then how could they say look at how much you make compared to peers in the industry….
No bonus, why work extra.
No incentives
You weren’t penalized. You just didn’t get the additional benefit for years of service that 11s and below got.
The math works. STFU.
The real question is, what the heck are people doing with all the bonus money? Think many folks just can't manage their personal finances.
Left as a G10 with over fiveteen years, got a nice chunk of money to leave. Took the package money, and paid off all remaining debts. Debt free but still working by choice, could punt any day.
Just lived within our means whole time at Cisco. Have good friends still there who are higher grades than I was when I was shown the door; and they say they can't afford to do the same thing.
If you are a grade 9/10 for at least a decade, and can't consider retirement; you really don't diserve any bonus; because you can't manage your own money!
So no wonder your department's budget is also a mess :)
I was hoping a grade 12 has enough math background to understand the bonus remix :-/
By the time they made grade 12, the only math they do is budgets. They've forgotten how math works.
I know a few people that weren't too enthused by the bonus remix math because they usually got higher IPF's and that extra percentage increase to the bonus amount is reduced (25% of $10K bonus vs. 25% of $15K bonus for a 125 IPF), but that little bit of IPF loss isn't much when you compare it to the fact that 5% of your bonus is now guaranteed and is not up to Cisco performance, outside economic factors, or bad decisions by the ELT.
Why is this just now coming up? The bonus remix is old news. They've had months to prepare mentally for the mid-year bonus check that's coming out in March.
Your base salary proportionally increased balancing out your decrease in bonus.
I was hoping a grade 12 has enough math background to understand the bonus remix :-/
Why were grade 12s penalized more than any other group?
Maybe because you're overpaid, but aren't part of the elite group of VPs, SVPs and ELT who can protect their pay scales because they're part of the "inner circle" and you're not.
I don't know why the math didn't work out for you, but it worked out better for me. I've been at Cisco for enough years that there were years that had reduced bonuses or no bonuses, so having that 5% reduction in bonus shifted to my annual pay as a guaranteed income instead of a "bonus" that is arbitrarily decided by the ELT was a good thing for me. Plus the added percentage increase for years of service added to the bonus remix calculation added some extra guaranteed pay each year.
who neads gr12?