Currently an IC2 (3 years employed) , was not offered any bonus in latest pay reviews despite having very good performance.
Was informed by leadership that bonuses are restricted to IC3+ , is this actually true?
Seems unfair I can perform well and not rewarded simply due to my seniority.
Lowest rung on the totem pole here: saw 450 shares last year and the same the year before. Was told to expect more this year. Rank had nothing to do with the bonus. Mahalo
You need to ask Dr. Goo (google) how to obtain a bonus. Then use the psychological suggestions to approach your boss on a good day. If you are afraid, get an offer (in writing) in hand from elsewhere and threaten, but be sweet. If you wish to stay. Otherwise crank up Van Halen "Jump" and go.
Currently an IC2 (3 years employed) , was not offered any bonus in latest pay
reviews despite having very good performance.
First question you should ask yourself and your boss is why you are still an IC2 after 3 years if you indeed have received very good performance reviews.
As others have said here before, Oracle for the most part doesn't use reviews and performance evaluations for anything except putting people on PIPs, and to give people a sense that someone appreciates and measures their work. There is definitely no connection to reviews and bonuses and raises. By the time a review is done, decisions as to who is getting a raise, bonus or RSUs have already been made weeks/months before.
The pool for compensation comes down from EVPs (after SC and LE) and then for the most part, is further handled by the senior VP from the pool they get from the EVP. Every step along this chain of compensation is based on the relationship above. Managers are told what their people are getting and they have no input other than who they talk about as being their top performers or are in favor or are a "squeaky wheel". There is never enough money and perks to go around, so the money goes to the people that are clear contributors or sycophants, depending on your view point. As in IC2, there is no way you are going to get anything. You are just not valuable enough if you are an IC2. IC4 is when you might start to get something, and IC5 is where you are valued. Oracle doesn't make IC6 people unless they are able to walk on water, so realistically IC5 is the target to make if you are going that route. IC3 and below are cannon fodder at Oracle and can't realistically think any real compensation is coming your way.
That is untrue. Good performance is not good enough. You need to be above average.
The obvious reason that no one at O can seem to articulate a basic normal benefit, the bonus plan:
Oracle doesn’t want you to know so they can this utilize this arbitrary carrot and stick manipulative nonsense.
The company culture here is so obviously deceit, control and ill directed competition, and this shows up in the way they treat the humans in their sphere.
Bonus??? You want a Bonus? We don't need no stinkin' bonuses!!
Anyone can get a bonus. The operative being can. Will you? Almost certainly not.
'Was at Oracle for 5++ years ... I don't believe bonuses were only for IC3+. For our department, bonuses came few and far between, and the budget so small -- very few folks received anything substantial.
if you know how to kiss a$$$, then you may get one. else, just dream on...
IC3 here. Manager who originally hired me said bonuses were possible. I’ve never seen one. Here three years? I’ve been here over a decade. Do yourself and your family a favor….leave….it’s a terrible place to be. It’s a great part time job though. Hahahahah
From experience pay rises, bonus and RSU are all down to your manager, the weak ‘yes men’ get you NOTHING !!!! Development have always gotten more and on a more regular basis, if you are in Support forget about getting anything.
As usual, for Oracle, your manager is lying to you. It's as simple as that. You should look into going to a better company.
Ha ha. You bought that!
Bonus awards are completely arbitrary depending on your org, manager, vp and which way the wind is blowing that day. You aren't "entitled" to anything except your salary and it has little to do with your skills or seniority and much to do with politics. I'm an IC4 and received 1 bonus 3 years ago from a different group where we had a sane and reasonable vp managing the team. You'd have a better chance of asking for more base salary or a spot bonus if you think you're really so special:) but most of the people I work with are all hard-working and deserve bonuses but few have gotten them. Or you could leave for a better paying, more employee-friendly company that respects your talents.