Check your workday if you are people manager. Just got reward budget for my team. Are we allowed to go over the merit, bonus, stock numbers?
First time doing this and very disappointed looking at the numbers.
7 replies (most recent on top)
Leader Planning 8/21-9/5 (this is when. you talk to your peers about the numbers
So, in these days, managers propose engineers for promotions and a director or VP is making the final decision on 9/5 (or a little bit earlier).
A manager has a budget and is finalizing the numbers for Bonus and Salary Increase by 9/5 (I assume that will need no Director or VP approval)?
Note to myself: take it easy for 9 months starting 9/6 :D
Just curious as to what this would look like…
We talking like 40K for merit / promotions and 50K RSU. Is that reasonable? I’m guessing it depends on team size.
Yes, you can go over the budget if you talk to your manager and up to get approval. They might be able to find money for you from somewhere else.
Leader Planning 8/21-9/5 (this is when. you talk to your peers about the numbers
Reward Conversation 9/22-9/29 (this is when you talk to your reports about the numbers)
Bonus payout 9/29
Compensation Review 9/29
Promotion/Salary Increase takes effect 11/1
OP, you sound like my ex-SEM at Cisco UKI. She had no clue of her duties either. God Bless!
Yes, you are supposed to go over it this morning. Hurry!
When in doubt ALWAYS check “thelayoff”
But we got the Flim Flam Fran Bonus Remix.
Ungrateful