By far, this year’s STI process is the least transparent in the 10 years I’ve been at AIG. Can someone shed some light on the “pool” funding? I’ve heard it’s at 103% for JG 19 and below and 101% for 20+. Is that the same across the company?
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Former manager here, and in the past STI is funded at 100%, so the person who posted they got 103%, that means someone in that same pay grade got 97 (or 3 people got 99).
I’ve posted before. What sucks is when everyone is doing great, you still have to rank employees and people who are doing what’s required could be at risk of being at the bottom due to “super performers).
The sti process and pay for performance was a good idea when Benmosche brought it to AIG. There was a need to differentiate performance.
But the sti process now is used as a control mechanism versus recognizing performance. You can put up great results, but if you ever question management, you will pay the price at sti time. You want 100% or more? You had better shut up and never question anything. Performance is secondary to submission with this upper management group.
Aside from having small sti bonuses that aren't worth looting, pay grade 19 and below are seen as irrelevant positions by upper management. Pay grade 20 and above means you may have some influence in the company and your sti is a greater percentage of your tdc. It hurts more when you get hit at this level. Therefore, if you ever do anything that upper management frowns upon you will pay a price. Thousands of dollars will be taken from you. Now let's see if you speak up again.
Let's stop calling it pay for performance and call it "pay for submission".
For below G20 it may be entity even function separate funding. I heard 5% this group. As others have said this group are very low so AIG not as bothered trying to pilfer from these grades.
G20 plus seems a complete mystery and only those at the top and HR know. Should be transparent but AIG gets worse each year on this front.
Peter Z only got 350%, so surprised it wasn’t 400% with all the great leadership..,.I do t think he learned the lessons I taught him on looting
I got 350%.
Pay for performance? right (sarcasm)
Like so many things at AIG the sti process is little more than lip service. You can put up extraordinary results and guess what you get? 100%.
There is very little motivation to do anything beyond the bare minimum at this point and that's what I am doing starting today.
it is purposely non-transparent. employees below pay grade 19 in my division got funded above 100%. pay grade 20 and above was never disclosed and most employees, even exceptional performers, at these job grades were around 100% give or take a percent or two.
the perception is that this allows upper management to play with the real money anyway they see fit. if you give a pay grade 13 120% sti it sounds great, but it equates to a few hundred extra dollars. if you skim 5% or more off of a few pay grade 20 and aboves, now you are talking real money.
does this money go to fund favorite employees? does it roll up to exec bonuses? no average employee knows, and no one will say. it is just gone. poof, pz gets a new pool.
Got above 103%