CompensationFeb 5, 2018
NewInKarna
Understanding ‘target bonus’
I kept hearing about target bonus in Google and Facebook. What does that mean? Is it like a minimum expectation which you basically performed badly if you don’t reach it?
Add a comment
Cisco +nt-ispklm Feb 5, 2018
Simple: you get between 0% and target% of your bonus based on your and your company’s performance.
Cisco +nt-ispklm Feb 5, 2018
It can be an upper bound (overridable by your manager) or it can be a soft bound that you can break if you exceed expectations far beyond.
Cisco +nt-ispklm Feb 5, 2018
^ it depends on your contract. Have you read the keyword “can” above? It implies possibility without certainty.
It means that’s what you get if you do a good job, aligned with expectations. Like: you did everything they expected you to do, not less, but also you didn’t really go beyond expectations.
So it’s also not a upper bound, correct?
Depends on your contract, but usually no.