So it's that time of the year when variable payouts are being processed. Everyone’s excited, checking their bank accounts. I get the email from HR - "Your annual bonus is..." I open it
It’s enough to buy me a nice lunch I go to my boss and ask him about it He says "We had a tough year, need to tighten our belts" I look at his belt - it’s designer
Meanwhile, I’m tightening mine to skip meals. I said "Thanks" and left. He says "Keep up the good work" I leave the meeting room and start Googling jobs
Imagine being a manager and your manager asks you to convey this information to all your hardworking team members
He/she is manager and getting paid for doing that.. I would love to do that pay me that
Manager take a lot of hit always
They don’t get paid variable pay.
it is definitely based on team performance. Money wise , team does bad , team may still scrape through but manager does not
I had to hear that last year, at the biggest tech company in the world - " no increment on salary or bonus payout for the next 1 year". All this shite while the company was breaking revenue and profit records every quarter and the stock went higher and higher. The sad part is they laid off 10k people because some hedge fund manager wrote a letter to an executive of the company that they had over hired during the COVID. Fucking scumbags all around
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 wo...
This seems not as bad as the reduction that McKinsey has seen - 50% reduction basis what I read recently in their bon...
I spoke to my boss, no increment this year is not what I expected starting off. Less money, atleast put me in a role that is interesting. Current role is monotonous and tiring.
Boss: No money, no role change. So what are your plans no...
18 years in the same company. Company grew, my boss became a millionaire. I was still stuck making pittance, no company shares, no stock options. It was almost like I was taken for granted. Last straw came when I was handed an envelope a...
