No SPIFFS?
20 replies (most recent on top)
Summary of the SE beating:
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Removal of KSOs.
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3-5% base pay cut
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accelerator cap decreased to 120%
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a new 15% Reoccurring Offering component, which will prevent many from achieving 100% on their overall targets
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no SPIFFS going forward
And some forth-coming shenanigans with the goal sheets which will ensure you make a good deal less than previous years.
For SE's which are paid on Regions which have rarely seen above 110%, this is not the best news. Even worse, those that received equity this year and goes into effect year end....will get a pay cut before they ever realize there equity they received. Timing was perhaps the worse part of it.
The 3% minus KSO was moved into the commissions comp bucket so the dollars are still there just shuffled, and you ahve to work for your money if you have been setting on a high base and not leaving your house. I personally like the ability to take those dollars and multiply them vs them being static.
If you live outside your means then your probably screwed, but for those of us who bank tens of thousands in cash a year living below our salary means, that just means your new commissions bump will be a nice new sports car you paid cash for every other year. Its sales, if you don't like it then go work anywhere else and make less.
Spoken like someone from mgmt, or someone in enterprise who gets lowball goals and not bs ones like rest of us.
To you execs who make millions , 10% of our salary is a round of golf. To us SE who do all the living and dying, and pay taxes not loop holes. It means life changes.
Its not a pay cut. As a SE who makes his goal year after year I like the change. The KSOs were an administrative waste of time. At 20% of incentive pay it was barley worth my time. I would rather blow through my goal, take advantage of the bigger multipliers, and make more money. Anyone who thinks it is a pay cut shouldn't be in the SE role as we never plan to not make goal.
If you count pay and kso its a 10% paycut!!! Not 3%. For a company making record profits its shameful.
If you want to estimate your pay cut, just take your TTC and multiply by .75
That is your new base. Enjoy!
I didn't check, but I don't think so. The cuts are effective day 1 of new fiscal year. I am probably going to be LRed/fired/whatever, so it's irrelevant to me. Time to start interviewing.
Was your 3.25% cut updated in HRMS already?
SE here. My base was just cut by 3.25%
no it wasn't.
In germany it does currently not look like the work council will agree.
Announced where? Quit trollin.
All managers were notified globally on June 5th.
Conversations with SE’s are forthcoming. This is not a drill - This is happening in FY20 for most geographies.
In FY20, SE base salaries will go down 3%. We (managers) were told on June 5th. You (SE’s) will be told prior to the new fiscal year.
Except in France and Germany, where, as another person said the work councils still need to be greased. And even after the councils are greased, employees in those regions will have to give consent for a pay change.
Also, all SE titles will be changed to “Architect” in FY20
Pay cuts for SEs. 3% to your base. Take it to the bank.
You’ll hear on or before July 11th (unless you live in France or Germany, where they need to bribe the work councils first).
Although I disagree with the language used it's been announced on management calls that the SE pay structure is being changed.
Yep. Also CSPG is not getting hit. New 1B target.
Not cool. Your comment is not cool AT ALL. Evolve a bit, wouldja?
Announced where? Quit trollin.