ChicagoGal
Recycles dryer sheets
- Joined
- Apr 21, 2014
- Messages
- 159
We're another one of those "Pay for Performance" megacorps. Part of our total compensation is the year end incentive. Based on job grade, the starting factor is between 4-25% of base salary (I'm at the 20% target). That is then modified by an individual performance factor (ranging from .75x - 2.0x, with a 0 multiplier for the bottom) and a company performance factor (usually close to 1, but has ranged from 0.87 - 1.39 over the 20 years I've been here). Used to be paid out at the end of January, now it's done in the last paycheck of December.
Better than the really early days when managers were given a small budget and told they could subjectively decide how to distribute it among the team.
Better than the really early days when managers were given a small budget and told they could subjectively decide how to distribute it among the team.