Goto increments = mood spoilers
Most of the employees got 3-5% increment, anyone got a news of higher increment?
Internetexplorer
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
11mo ago
FlatLatte
EY11mo
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?
espresso
Zomato11mo
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
Enolagay
Student11mo
What kinda work do you do at Bain??
espresso
Zomato11mo
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
FunnyBones
Plivo11mo
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 ?
Internetexplorer
Swiggy11mo
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
FunnyBones
Plivo11mo
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.
Indusplateau
Stealth11mo
Unpopular opinion, LLMs will displace a good chunk of consultants.
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redWiperStudent11mo
Top comment
Did McKinsey hire McKinsey to figure out how McKinsey should do cost cutting in a negative macro environment?
Increment this year?
Since we are seeing a lot of layoffs, a lot of companies are using this as an excuse to provide less increment this year. Interested to know what sort of increments are you’ll getting this year and how much did you get last year?
Top comment
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