Bain adjusts its bonus compensation payout
While actual bonus amount hasn't changed, they've adjusted the % for high performers. 4 raters were previously paid 150% and 5 raters were paid 200% Not like I had motivation to work hard enough for a 4 anyway but now it's not even worth much lol
This seems not as bad as the reduction that McKinsey has seen - 50% reduction basis what I read recently in their bonuses
Is 4 mandatory for promotions?
Yep definitely not as bad for sure, I wonder if McKinsey has really seena 50% cut of their entire bonus or just the profit linked component (Bain doesn't have this) - I guess time to reach out to some Mck friends :P
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Love how they tried to mask it under a "Congratulations for your hard work" kinda mail 😂
Also low key annoyed to announce this at the end of your performance review, they should've ideally made it effective next year onwards
Karilyn Lee
Student
a year ago
What kinda work do you do at Bain??
Can be super wide ranging - really depends on the project and client you get assigned to. Each project can be anywhere between 3 months to a year
For eg, right now I'm working for an eCom client helping them with their growth strategy
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This structure is applicable for Associate Consultants as well ? Do they get these type of bonuses as well ?
Not really getting how big the hit is. Like can u give example of ur compensation and what bonus u were expecting but what u’ll get instead ?
You're right, it isn't a big hit for most employees.
But for 5 rater (someone who really outperformed), they would know receive say a 15L bonus vs a 3 rater still gets 10L. In the previous system, outperformers would get a 20L bonus
Woah didn’t know 2 digit bonuses are even possible. Idk the base u guys are getting but a bonus is still a bonus - there’s no guarantee of same or more profit just like stock price.
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Jordon Lee
Stealth
a year ago
Unpopular opinion, LLMs will displace a good chunk of consultants.
Logically they should, along with a large chunk of SDE jobs as well. Probably will happen over the next 5-6 years
Blair Denver
Stealth
a year ago
Yes, the first signs is lower hiring of freshers.
What other second order effects you see?
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Curated from across
IT Company Discussion on
by Kalan Denver
Accenture
Microsoft gives one-time cash awards of up to 25% of annual bonus
Microsoft wants to reward rank-and-file employees for helping to deliver accelerating revenue growth for the fiscal year that just ended.
https://www.cnbc.com/2024/07/30/microsoft-will-pay-one-time-cash-awards-of-up-to-25percent-of-annual-bonus.html
