Indeeed, what's your experience with quarterly bonus percent? Recruiter is trying to tell me that quarterly bonus is 10-30% and that 20% is granted for just meeting your goal. It's hard to get a good grasp of TC when there is such a large gap of bonus amount. Thanks.
There is no 20%. The levels are, 8% (meets-) 10% (meets), 14% (meets+), 18% (exceeds), 24% (? Top performer, forget about this one)
10-13% per quarter based on performance
I've never seen anyone get 20%. The highest I've heard of is 17% which was given to the highest performer in our office.
"Outstanding" is 22% in engineering
There was never a 30%. I got a Top and it was 28%. It was changed to Outstanding (24%) later. Next to it is Exceed Expectations (18%). Meet is only 10%.
I heard it’s 10-13%
Can some one clarify the formula? every quarter you get 10-20% of WHAT??? Is it a percentage of a quarter of your salary?
10% of your quarterly salary. So if your annual base is 100k, one quarter is 25k, and a meets rating would get you a 2.5k bonus that quarter.
This is prorated, right?
All info here is outdated. Ranges now are 10% meets, 15% meets+, 20% exceeds. It’s per quarter, so divide your annual salary over 4, multiply by the rate you expect and that’s your bonus.
So if you are a new hire, do you still get any bonus or it’s prorated?
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Expect 10% for your first 3 quarters on average. 2 quarters at minimum. Most people usually start getting 15% after 6 quarters and then 20% after 8