With bonus discussions among management well underway, can someone please share the actual funding level for incentive compensation? Boards have indicated that the funding this year is 80%. Is this accurate? Interested in learning about legacy wholesale/commercial banking.
Thanks in advance!
Nope. Nope and nope. Get a meets expect 81 to 84 pct with 2 pct raise unless you ratio is under 95 and a nice manager will bump you up. If you get a 2 it means no raise and maybe 35 percent bonus.
There has been a significant con on evaluating mgrs coerced into a forced curve for ratings without being told in advance how much an Inconsistently Meets would later hose your f—ing budget.
I'm getting nothing so it doesn't matter to me.
I think it's 90% under $5k. The rest is true
It depends on what your 100% funded target amount would be I believe. My understanding is 80% over $50k, 85% under $50k until maybe $5k. Below 5k I’m not sure. Then factor in a percentage range based upon overall rating/risk overlay times your funding level. If you are below meets overall, the most you can probably get is half your funding level.