Thread regarding Wells Fargo & Co. layoffs

Bonus amount

When can managers discuss the bonus you will get?

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| 3572 views | | 18 replies (last January 19, 2024) | Reply
Post ID: @OP+1qCs8Byv

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@2syy+1qCs8Byv

Scroll down a bit in this thread to find your answer.

https://www.thelayoff.com/t/1oBTdAwF

As long as you're serving out your notice through 9/30, you're in the bonus workbooks... That doesn't guarantee you anything but you're still "eligible".

Those that were laid off but eligible will likely get no phone call, you'll just have to log into the limited Workday and find out manually on 1/31.

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Post ID: @2uwb+1qCs8Byv

So if laid off after 9/30 and boss cannot communicate the bonus, will there be one paid?

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Post ID: @2syy+1qCs8Byv

@1gov+1qCs8Byv Incorrect. There is no correlation between Bonus Eligibility and Exempt/Non-Exempt status. It is all about Job classification. I am a P3, non-exempt (hourly) and bonus eligible (have received one every year I’ve been employed).

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Post ID: @2imv+1qCs8Byv

Figures being released late 1/24.

Staff notified beginning 1/25.

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Post ID: @1rty+1qCs8Byv

Bonuses have to be approved by the board. The Board is scheduled to meet 1/19. Until then, nothing can be said

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Post ID: @1asj+1qCs8Byv

@uha+1qCs8Byv

No, hourly generally do not get bonuses as they are paid overtime. Those who get bonuses aren’t paid for overtime.

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Post ID: @1gov+1qCs8Byv

Haha, good one. Like the search feature ever works on a team works site. 😂

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Post ID: @1ejp+1qCs8Byv

If only we had a website like HR Support and Services, where one could enter a keyword or phrase and find results.

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Post ID: @1lxh+1qCs8Byv

they will get an email around 24th when it's ok however usually a few hours before the comp statements will become available to print out

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Post ID: @1mak+1qCs8Byv

Bonus amount info released late 1/24, not a minute sooner.

Mgrs can share comp/bonus info w/staff starting 1/25.

(I work in Employee Relations. Trying to help avoid any misinformation.)

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Post ID: @1ugy+1qCs8Byv

@zgh+1qCs8Byv

8% of what?

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Post ID: @lty+1qCs8Byv

Is meets 8%?

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Post ID: @zgh+1qCs8Byv

I was told 1/26

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Post ID: @poy+1qCs8Byv

Do hourly get a bonus too or only salaried?

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Post ID: @uha+1qCs8Byv

1/24

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Post ID: @vah+1qCs8Byv

Bonus is paid out on 2/2 paycheck. Last day to change your 401k distribution is on 1/19. Discussions will begin the week of 22nd

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Post ID: @roc+1qCs8Byv

If you are laid off, your manager is not allowed to communicate bonus. Just an FYI.

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Post ID: @ebq+1qCs8Byv

After the 24th before the 31st

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Post ID: @lam+1qCs8Byv

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