Surprised at the lack of PSP talk, also genuinely surprised that PSP was 119%. Good on the almighty decision makers. Based on rumors I’ve heard and with the higher PSP, I expect raises to be lower than expected this year. Thoughts?
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Nah. Blind doesn’t care about money that app is an immigration complaint forum at this point. Waste of a platform.
Complaining about more money? Ya’ll are even more toxic than Blind.
I assume you are a L. 10% band x 80k x 119% = ya bonus. Subtract taxes , 401k + and stock buy in, and that's about the cash you'll get.
How is the PSP calculated if you make 80k
No PSP talk was because many people posting on this site just like to complain and post negative false narratives. So when positive news of a 119% PSP happens, its crickets because being excited and positive is a foreign concept on these anonymous internet threads.
And for the post that said we’ve been bleeding hard on turnover… have you actually seen the numbers or just saying whatever comes to mind based on perception vs truth? As someone who works in analytics and who has very much seen the numbers, our turnover is WAY down in the past 6 months, even past 12 months. We went through one big burst for 18 months with every other company out there and now we’re returning to pre-pandemic levels that are considered on the low end of the industry in Consumer Goods and way low end on Tech.
Given that NKE was down ~14% in the FY, a 119% PSP is quite generous
Two things.
- PSP being high. During the pandemic, someone posted here that if the teams don’t get a bonus, JD doesn’t get a bonus.
- Idea that PSP will improve retention. I don’t see it having a huge impact directly; if you were here Jiune 1st, you get PSP even if you leave. I see the new job codes where everyone on the tech track, and below a director on the people management track have been pushed down a level as a more direct impact on how many people will stay.
Probably trying to curb turnover. We’ve been bleeding hard
@1itx is right. I’m glad PSP was 119%. And given the outrageous compensation Nike executives award themselves they should be throwing more money towards employees. But let’s not pretend this year’s PSP was based on the usual formula. If it was we’d have been looking at between 75-80%.
I won’t complain although I am curious why they chose to juice it this year.
You will get put on a performance improvement plan to get you back on track.
What happens when you get an inconsistent for the cfe rating?
I guess you can’t buy happiness after all.
The PSP pi---s me off. They screwed up the budget by 20%.
We didn’t need to waste weeks on cost cutting pennies.
We didn’t need to be in a FTE freeze.
We didn’t need to have obscene contractor ratios.
Senior leadership has no forethought or ability to finesse. All they know is how to play politics. Great job importing that “culture” HR.
Thanks for proving my point. Move on.
Maybe because all the “weird” ex employees never saw 119% PSP when earnings were so poor. We actually had to earn it and were quite familiar with the math. +100% would require growth and positive KPIs across the board. Call it what it is…another sign off from leadership to keep people from jumping ship. Like so much else at Nike…it has nothing to do with your performance.
Probably because half the talk here is just weird ex employees and right wingers who don’t actually know anything about psp numbers
Regarding raises, they will not match last years percentages