Thread regarding Occidental Petroleum Corp. layoffs

Performance Bonuses and Raises

How many of you have received your evaluations? When are Bonuses going to be paid out?

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| 1781 views | | 9 replies (last February 28, 2024) | Reply
Post ID: @OP+1r2mLn1e

9 replies (most recent on top)

You’ll get your letter way before then unless your manager delays giving it to you.

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Post ID: @ggbz+1r2mLn1e

Manager just told me that I would receive my letter on March 13th. Why do we have to wait so long?

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Post ID: @fqry+1r2mLn1e

@ecfo+1r2mLn1e

Corporate ICP

( (company % * .5) + (individual % * .5 ) ) * bonus target % * salary

company % - 0-200%
individuals % - 0-200%

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Post ID: @efra+1r2mLn1e

Can somebody help explain how bonus amount is calculated and potential ranges? Is it simply company multiplier x individual performance multiplier x bonus target % x salary?

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Post ID: @ecfo+1r2mLn1e

@5rda+1r2mLn1e Informed it will be first week of March.

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Post ID: @6vgv+1r2mLn1e

I am thinking around Marh 1st.

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Post ID: @6sis+1r2mLn1e

What is the date the "letter" will be ready to where my manager can have details to share on raise/bonus? I know we will receive the payout in March/April but do we know the date the information becomes available?

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Post ID: @5rda+1r2mLn1e

Eval received.
LTI is end of Feb.
Bonus around March 15th.
Merit increase on April 19th paycheck.

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Post ID: @vqc+1r2mLn1e

Probably March 15th.

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Post ID: @ffc+1r2mLn1e

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