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?
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
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
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.
Unpopular opinion, LLMs will displace a good chunk of consultants.
