I believe our target is 20% but I've seen people get more than that. Will this year bonuses be good?
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@1dho is correct. Half your bonus comes from personal performance, the other half from company performance (in part from metrics that are listed on the intranet if you click "Total Spend Per Barrel" on the homepage, where it currently shows total year outlook as a green light).
Don’t ask a layoff forum how bonuses work. Ask your HR rep.
The multiplier is usually a combination of personal success (merit) and corporate metrics. There will be several kpi's that will determine the corporate side. It wasn't unusual during the downturn from 2014 to 2018 that our salary increases were inflation plus 1-2% for merit. You need to quit expecting that there will always be a significant yearly bonus. You might want to watch Christmas Vacation again before you spend your "bonus" on that new swimming pool....
Bonuses have nothing to do with stock price unless it is part of your individual metric. Seeing that you posting I doubt it if you are an executive so your performance metric is independent on stock price. It should be a straightforward calculation to determine your bonus. But it could be zero if the authorities determine that it can’t be paid. In this case they may give you stock that will vest in the future. Given the uncertainty in oil prices the company might elect to reduce the bonus this year. Why don’t you just ask your boss or HR.
Oxy stock has underperformed against its peers. Companies i've worked for have deferred bonuses and considered trimming staff during these downturns. Maybe you should increase the dividend if you have the cash to spend on bonuses...
Has Oxy’s stock price gone up or down? That’s a good predictor of bonus performance
Have you seen crude prices and our stock price performance? The bonus is keeping your job.