I was told 12% target bonus would be given based on the company and personal performance. How does bonus usually work in Cisco. Out of this what percentage contributes company and personal performance. I heard Cisco doesn’t have year end appraisal system, curious to know how they evaluate one’s performance?
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Of course there is a budget for the team and you cannot give 3 to everyone, more like you need bad performers on a team to give very high ipf to one or more.
Your bonus is then base salary times your target bonus times individual times company performance. In addition if you have got a raise or promotion bonus will be prorated to account for the period in old grade or target bonus.
If you get 0 or very low individual performance it's time to look elsewhere
It’s 12% (depends on your grade level) of your base * company factor * individual. Last year I ended with with like 27% of my salary as a bonus...was nice