Office Gossip21mo
by QuirkyUnicornGojek
Goto increments = mood spoilers
Most of the employees got 3-5% increment, anyone got a news of higher increment?
Misc
on
GoofyHamster
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
13mo ago
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QuirkyPretzel
EY13mo
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?
JumpyPenguin
Bain & Company13mo
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
GoofyHamster
Swiggy13mo
Nope, don't need a 4 - just a 3 upwards
JumpyPenguin
Bain & Company13mo
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
SqueakyPenguin
Student13mo
What kinda work do you do at Bain??
JumpyPenguin
Bain & Company13mo
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
PeppyQuokka
Nomura13mo
This structure is applicable for Associate Consultants as well ? Do they get these type of bonuses as well ?
JumpyPenguin
Bain & Company13mo
Yep, everyone has a performance bonus component
FluffyNugget
Plivo13mo
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 ?
GoofyHamster
Swiggy13mo
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
FluffyNugget
Plivo13mo
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.
JumpyHamster
Stealth13mo
Unpopular opinion, LLMs will displace a good chunk of consultants.
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