Thread regarding AIG (American Intl Group Inc.) layoffs

So, putting one and one together. "... Have friends in high places if you expect 100%..." means no amount of working 'above and beyond' will translate to cash. Bonus is totally politically based. The only above and beyond that will affect STI is climbing on managers' shoulders to kiss C-suite rear.
Convince me I'm wrong.

All the laid off folks got good STI. Some were lucky got new jobs in transit and receiving two pay checks. For folks still there will be hit hard on STI. Check out when you receive it. No bonus as they just gave an extra week of vacation.

HR here, yep. You better have friends in high places if you expect 100% or more.

to "HR here", are you saying it's already been decided internally with HR and Compensation groups that we're getting 90% IF we meet/exceed and only some exceptions are getting over 90%?

To be fair, this groups has been in power for 5 plus years so it is their fault. Fix the stupid process, don't blame it on the prior leaders. Only government can get away with that excuse.

We always get Monday off when the holiday falls on Sunday.

The change is likely more about attracting new people with Industry leading holidays than retaining.

The issue with STI has always been selling it as a guaranteed part of compensation and an opportunity (to go over 100 percent) when it is really a bonus or an at risk portion of compensation.

To be fair that isn't on current leadership unless they are still telling new hires the same thing.

Mostly agree with the below statements, but if sti is a bonus for those who want to work 80 hours a week, then take that calculation out of my Total Direct Compensation which is supposed to be based solely on hitting my goals, not going above and beyond. Fully met should equal 100% sti or stop counting it as a guaranteed part of my salary when comparing to industry wide compensation.

To the post below - this “in general” was already happening last year, now it’s just being part of a greater firm wide strategy to keep the people deemed not entirely worthless captive.

It really comes down to whether you enjoy working 3x as much as anywhere else due to lack of resources to make 20-30% more in STI than somewhere else.

Remember, they’re focused on reducing expenses, so they’re paying the “performers” a higher bonus, but not in line with the increase in workload since they aren’t backfilling jobs. Best of luck to those who stay!

The point of STI was to incent people to work towards achieving the company’s goals. If almost everyone gets target, then what is the incentive to work above and beyond? Better to give top performers say 120% of target and give the just below “meets” 70%, with the average “meets” getting say 90%.

HR here, significantly fewer employees will receive full target sti this year due to new review processes put in place by upper management. It was determined that too many received their target sti or more in the last round so that has been corrected with this year's process. You will be lucky if you get 90% of target if you are a solid employee.