By my calculation, it’s like Feb 2 or 3. Will be giving my notice the following week, as I have had enough.
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There will be a bonus. Probably in line with last years' numbers. The execs can't give themselves bonuses if they don't give the rest of us one (not talking C-Suite but 1 and 2 levels down) and they all LOVE their bonus structure. The job market is sh*t for many areas so don't be so hasty to assume you can just go find something else. Also if they pay you in stock options for a chunk of your bonus - that's gone when you go!
Till when do you have to remain employed to get the next year bonus?
I wouldn't put in a notice. Just quit working after you cash your bonus check. It's like spinning the prize wheel. Will your boss even notice? How long will it take. Eventually you'll get "abandonment of position", or put on 6 month pip if you mouse wiggle, but that's cool. Ring every nickel out of Charlie's pudgy little ravioli hand. It would do it to you.
I recommend taking your own 401K and transferring it to a SEP IRA. After you get laid off go into any brokerage and set it up. Then in your SEP IRA invest in ETFs (like TFLO, TBIL, UUP, BNKD). Easily get more of a return than those Empoverish funds.
We always hear that bonuses aren’t guaranteed, but I have always received a bonus even in 2008. They will cut all kinds of other benefits and even your pay before they will not pay some kind of bonus. The bonus may be much lower, but they will also have lots of hints on expectations. That is just my experience with corporate bonuses. Not sure if anyone else has had a different experience.
One thing I'll add: consider setting your 401k contribution to the maximum of 50% if you're unsure how long your next company takes to be eligible for the retirement plan. That way you can load up your 401k with as much tax-free money as possible.
I am curious which groups get bonuses anymore... I remember I used to get them and then they gave us stocks about 4 or 5 years ago and that went to sh-t. everyone cashed them out, mine completely dissolved to nothing, I should have cashed mine out too. That was the last time I saw anything like a bonus. I work in EO.
Bonus payout 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣😂🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Just a little AI to add to this: The saying "don't count your chickens before they hatch" is a proverb that means that it is unwise to make plans or assumptions about something that has not yet happened. It is a reminder that things do not always go according to plan, and that it is important to be realistic about our expectations.
The saying is thought to have originated in Aesop's fable "The Milkmaid and Her Pail." In the fable, a milkmaid is carrying a pail of milk on her head and daydreaming about all the things she will buy with the money she makes from selling the milk. She dreams of buying eggs, hatching them, raising chickens, and selling the chickens to buy a new dress. However, she is so caught up in her daydream that she stumbles and falls, spilling the milk and ruining all of her plans.
The saying "don't count your chickens before they hatch" is a cautionary tale about the dangers of being too optimistic and not being prepared for unexpected events. It is a reminder that it is important to focus on the present moment and to be realistic about our expectations.
Here are some other sayings that have a similar meaning:
A bird in the hand is worth two in the bush.
Better safe than sorry.
Look before you leap.
Measure twice, cut once.
These sayings all teach us the importance of being cautious and realistic, and of not taking anything for granted.
Good for you! I plan to exit my overworked overstressed team in the same timeframe. As are others. Have fun getting things done in datacentrr app deploys
I did exactly the same thing this year. I didn’t give notice the following week. I waited to give my two weeks until the middle of February so that my last day would be March 2 or third. If you leave early in the month you are covered by Wells Fargo health insurance until the end of March. Just something to think about.
Post ID: @nbc+1oVjWZMC
This was my post. Also meant to say Feb 2 by my calculation as well.
you assume we are getting bonuses this year?
Keep your plan to yourself. You don’t know how many times you’ll change teams or coworkers until payout. Some people will do anything to get more for themselves and managers want that little bucket of money to keep their high performers or friends on their team.
Jan 28 merit increases take effect, Feb 2 bonus payout.