Did anybody else get notification of the mod-year advance in email today? Mine is very low. Ugh
13 replies (most recent on top)
@wm+1jnkkmskx, no. Anyone hired before the start of the fiscal year, and an employee at the time it was announced (?, certainly at the time it’s paid), are eligible for it & get to keep it.
For those hired during Q1, you’re eligible for 100% of the annual bonus, but you won’t receive the mid-year portion at mid-year. You have to wait until the year end. If you quit before the year’s end, you won’t receive the mid-year bonus at all (I think).
Does the mid-year bonus need to be returned, if the employee quits in April or May?
Wait till OP finds out how much they are going to lose in taxes
My understanding is the mid year advance is typical and the best one can hope for at 50%.
The bonus does end up quite small after payroll deductions.
The year end bonus is usually bigger if company factor is higher than 1.0 and you get the average individual factor of 1.2.
Poor baby … WAAAH ! 😭
Mine is very low. Ugh
The amount you’re being paid (50% of your total annual bonus based on a neutral IPF/CPF of 1.0 (100%) or the amount deposited after 401(k) & ESPP deductions & tax withholding? The pre-tax deductions for 401(k) & ESPP is a good thing. The taxes withheld sux, but that’s just Uncle Sam.
If the former, the percentage you get was told to you in your offer letter. Can’t you do simple math?
I S2G... we have ID10Ts working at Cisco who can't read and understand their comp plan.
In this case, the company does an amazing job of explaining how this all works.
I wish instead of posting this here, these people would ask HR, HR puts them on the SMf'ers list... and targets them instead of people that are valuable.
Can't compute what half of your grade's target is? You're strong .. very strong.
OP is a mo--n or is going to be fired shortly. Take your pick but it requires VP and HR approval to ding the mid year bonus. If true you better have a recent resume handy.
Yeah it’s straight up 50%. No ipf.
If yours is lower than you were expecting, you're just really bad at math.
It doesn't include any employee performance or company performance modifier. It's just straight 50% of your base bonus %.
It’s the transition to profit before tax