Hello, If I join Bloomberg in October and my full bonus will be paid in February 2024, when will I find out about annual raise? October 2023 (1 year from start date) or February 2024? And how much raise have you guys gotten. I’ve heard anywhere from 5% to 20%. I’ve also heard the first 2 years are much more, like 15% is very possible if you perform well. Thanks! Offer TC: 185k YOE: < 1
15% raise in the US? Holy fuck
Wow 15-20% raise. That's a promotion at my org, if you're lucky.
Oct 2023 most likely
You will not be eligible for a raise in 2023 cycle if you join in October. You’ll get some prorated bonus * some performance multiplier. (In 2023). The multiplier is consistent with the majority of others, expect something like 1.01-1.05x, nothing too large. Some do get higher multipliers and that may be due to individual performance or comp fix. For the 2024 cycle, you’ll find out your raise and bonus during manager meetings in probably Feb 2024, and you will receive the bonus+backlog raise from Jan-March in the first March paycheck.
Thanks this is exactly what I was looking for!
Feb 2024 and 5-20% sounds right for majority of eng employees
That's better than LinkedIn decreasing annual performance pool and cliff fix pool