Anyone less than 100%?
36 replies (most recent on top)
100% by a meaningful margin. Management claimed the org was funded for 100%.
No way for me to know if different orgs were funded differently, but it doesn't seem to me everyone in the thread is being honest or knows what they're talking about.
I miss the days when the Bonus was based on the company performance only. So if your bonus is 15% and the company made 100% you got the whole 15% of your bonus. No more no less. This was across the board.
Paul Maritz introduced the "performance" based bonuses. It only encourraged Managers to pay their favourites more and the rest less.
I think we can all agree.
Bonuses were generous in previous years. This year they are below expectations and generally below 100%.
If this is the new normal. Then this is disappointing. As the bonus was always a great perk of VMware.
Low bonus.
No more cubes.
Take 1 empty within a day.
Well-being allowance limited by quarters.
Lower percentage pay rises.
Less travel
These are signs that VMware is no longer the growing, great reward company. They’re falling inline with other standard IT companies. :(
"i am unhappy that my FREE money that the company gives me for doing my job that i am already well paid"
What? Is not FREE or even extra. It's a full part of the compensation plan that i agreed to accept when i was hired. It's not exerta. Bonus is there to encourage you to hit your targets and encourage you to help the company hit its goals.
Well the company hit its goals (since the company goals portion was funded 100%) and i hit all my goals and more and yet they arbitrarily cut mine to 90% just because.
If right before your pay check got there they informed you they were cutting your pay by 10% you'd be upset... same exact thing. Dufus
i am unhappy that my FREE money that the company gives me for doing my job that i am already well paid for is lower than previous years - boo hoo what spoilt ungrateful children you are
The real thing is that most of us are bonused 25% on company goals, 75% on personal.
Execs are the exact opposite or up to 100% on company goals. Since we met all the company goals guess who's bonus is NOT impacted...
So we a an org made company goals but they wanted to cut cost so the shrunk the pool. This means that even if you hit every objective laid out... heres 90%...
Yes the industry is seeing financial issues, but our leadership obviously took the easy way out, with no communicating it to the group and instead rah rah'd through company meetings and do this on the sly.
Trust them to tell you the truth about anything now?
Dudes bloody but still standing. We're not done
Post from TheLayoff.com
To the dum dum that posted this....I highly doubt you have a contract. The fact that you think you do is proof of your ignorance of your gullibility and stupidity.
Also I bet instead of working today, you are the one who is upvoting and downvoting all these posts a hundred times, by repeatedly opening up incognito windows. You clearly deserve less than 100% of your bonus, in fact you should have gotten 25%.
To the person who thinks they have contract, and the person that thinks managers don't have the right to discretionary distribution of the bonus pool money allocated to them....you are mo--ns, and without knowing you, I can say your manager was justified in giving you less. In fact 90% was probably too high for you. Hopefully Broadcom, or better yet VMware cuts your entitled ar-e.
Woof! We got ourselves a lovers quarrel. Sit back, relax, enjoy. Yes!!!
“ The HR and some low-life managers are trying to make it normal for a manager to STEAL the bonus money. Delivering to expectations as per the contract entitles the employee to 100%.
Anything less is THEFT.
If you are an employee who received less than 100% and you know you always delivered your tasks, you have been robbed by the pathological liar who smiles in your face calling himself a a manger.”
What the absolute fu-k are you on about you fu----g melt?
The HR and some low-life managers are trying to make it normal for a manager to STEAL the bonus money. Delivering to expectations as per the contract entitles the employee to 100%.
Anything less is THEFT.
If you are an employee who received less than 100% and you know you always delivered your tasks, you have been robbed by the pathological liar who smiles in your face calling himself a a manger.
I've got 90% this year.
I had 120% last year.
People manager here - I will confirm the bonus pool was funded significantly less than in previous years, as many have stated here.
Because of that, it forced your managers to start everyone on the team at 80 to 90% who meets all expectations and does a good job. The rest they use to true-up other members or reward those who they felt went above and beyond. If the bonus pool was funded higher than in previous years, status quo performers would have received 100%.
While it understandably might not seem fair to get 10% less than what you were expecting, you need to put things into perspective with the current situation and climate in tech. Hundreds of thousands have been laid off in our industry. VMware's brand and business have been affected negatively by the Broadcom acquisition. Productivity is down, and there has been mass attrition. BUs and orgs are just keeping the lights on instead of pushing things forward.
Given Intel's recent move, where they eliminated bonuses and forced everyone to take a pay cut, I'm personally surprised our bonus pool wasn't funded significantly less than 100%. Like it could have easily been 50 - 70%.
I know this isn't what everyone wants to hear, but be thankful most of us still have jobs. The regulatory bodies have bought us another 6 months to take more time off, improve ourselves, and increase our skillsets, knowledge, and experience, to set us up for the next thing. This is what you should be focused on, not a few grand differences, which technically you are not entitled to.
Bonuses are performance-based and always have been. You are not automatically entitled to a bonus or 100% of your bonus. Be grateful you received most of your bonus in these uncertain times, and if you don't like it... find a better job! A lot of us will most likely be forced to do that in 6 months anyways. And if not, you will probably want to after you are forced to return to the office and deal with Broadcom's cutthroat culture.
Does it mean those who got 80 or 90% are on chopping block? And those with 100% are safe from 1st round layoffs ?
No. 80-90 means you're fine. If you're below 60, then you should probably expect a PIP soon.
The bonus was the straw that broke the camel's back for me. Im done with VMware. I feel so underappreciated and so overworked.
I also was told I met all my objectives and even went "above and beyond" on some. And I got 90%. Meeting objectives has ALWAYS meant 100%. This was changed in an extremely clandestine manner this year to downgrade costs to the company. In an environment where we're losing good employees consistently, you would think they wouldn't want to outwardly alienate strong employees who are staying by taking away thousands of expected dollars, especially during an inflationary time where our dollars are already worth less. My expectation is two fold. 1) they'll lose additional people who feel like they've been taken advantage of and 2) they'll find out what the "output and effort" of a 90% bonussed employee really looks like and it sure won't include any "above and beyond". Beyond disappointed.
Does it mean those who got 80 or 90% are on chopping block? And those with 100% are safe from 1st round layoffs ?
Don't know why you're getting downvoted. There are plenty of people confused as to why they received a sh*t bonus percentage.
I got 80 % after hitting all targets and going above and beyond. Genuinely confused.
Appears here that VMware C-levels have learned to use downvote bots.
In the past it was 100% normal and 100%+ for high achievers. High achievers still abound yet the budget was diminished. Therefore there you must Rob Peter to Pay Paul to retain critical flight risks. Pay 100% across the board and lose half your team, or pay half 90% and the other half 110% and keep the whole team. It's a disadvantaged position for managers to make that hard call. Worse so when 100% is team-wide but a Sr. Dir. reallocates some to another team that has flight risks.
The formula is clear. This year, the corporate paid 100% of each employee bonus.
Each manager has up to 25% to change. In essence, taking a percentage from one employee (at same exact level) and give it to another employee at same level.
This year, there was no extra. Therefore, if you received 90% of your target bonus, another individual (or multiple split) on the same broader team received the 10%.
With the current circumstances, any manager who takes a percentage from one employee and give it to another need to have a proper reasoning. It is just because "I can" this will backfire on all Vmware.
So, if you received 90% but you know you did well throughout last year and delivered to what you are asked, then you have been stolen from. Yes, it is fu*ckery.
An advice (of course all the HR interns will start talking sh-t), if you are a citizen or green card holder, do not hold back and complain. Use Etica with Anonymous capability (use Tor browser to login) and report your. manage as a THEIF because that is the reality of your manager. A thief.
If you received anything over 100%, you are part of the problem. Youi accepted a stolen property from another employee (at same level). That employees knows you. And will do a lot in the next few months to fuck you up. You are better off being wise and give that money to the employee who was stolen from.
If the managers who stole money this time do not fix this, this will be a disaster for Vmware will destroy the company down to the ground. There is nothing worse than having a company trusting managers who are thieves.
@1nas+1m5S9ln9 - you got a like just for the use of the term mung bean
Does anyone know how the initial bonus target amount is calculated though?
Ask your manager, or check your contract.
P4 level is 17% of base, P5 is 20% of base, P6 is 25% of base, etc
I got 99%
Down from 140% last yr
As people have commented it's a lower year across the board
Does anyone know how the initial bonus target amount is calculated though?
It’s 25% company performance and 75% individual performance, you fu----g mung bean.
Everyone should be happy with 100% even 90% to be honest. Is what it is in current climate and VMW situation.
Not sure what’s up with the downvoted comments, but I’ve been here for 3 years and got my lowest bonus so far (100% vs usual 120ish%) and with the breakdown of 25% being based on individual performance and the other 75% based on company performance, my manager said he couldn’t give anyone above a 100% without taking it from someone else even for great performance. I hope they don’t keep this system though, even going above and beyond would never get you very far if managers can only play with the 25%.
Means you got 81% of your total bonus and now you can buy eggs.
Joined last year as new grad, only got 81% bonus, no formal performance review, what does this mean? Thanks
most people get 90-100% this year because they deliberately dialed down the distribution, so usually there were lots of 110-120% in previous years, but this year 90% is what 100% used to be.
Dunno why this was voted down as it is the truth. By design percentages were lower across the board.
100%, which is lowest I’ve ever gotten. But since the bonus pool was only funded at 100% this year, I’m happy with that.
This is my eleventh year here and I've never gotten less than 110% each and every bonus.
Except this year.
Got 105% which my manager told me took some work by them. Manager says "higher ups" have reduced the bonus pool so I should think of 105% as excellent.
I have no idea if my manager is lying. Never do.
I remember the graph Kit talked about in Octo March town hall showed most people get 90-100% this year because they deliberately dialed down the distribution, so usually there were lots of 110-120% in previous years, but this year 90% is what 100% used to be.
I have received over 100% nearly every bonus period for over a decade, with perhaps only one or two exceptions, at the most. Never got one less than 100% that I can recall. This most recent one was 100%, which honestly seems a bit low relative to history and performance over this past year. I know that managers have a limited bonus pool and use some discretion in allocating bonus money across their teams, and sometimes they may choose to reduce for one person in order to make another person whole. It feels like the company is making a concerted effort to not turn loose of one penny that they don't absolutely have to. Makes sense when their clear priority is to make the company financially attractive and get the sale completed.
I got 90% while being told that I did a great job and met all expectations for dozens of tasks assigned, but I didn’t go above and beyond to get 100%.