Or any sort of performance bonus? Or is it just the base and RSUs?
They moves onto a new review system last year. Now its all calibrated on a formula. Yes you do get a yearly cash bonus based on your level and performance.
Let’s pick Sr Staff and Engineer Lead levels. What percentage of their base would they get for a bonus if they’ve performed well?
A little over 10%
I'm new I was told my target bonus would be about 15%. I'm not sure if that is true because it wasn't in writing anywhere.
How is your base and rsu offer now? It will be a percentage of base
I haven’t got an offer yet. Just trying to see what to expect and what the percentage is in case I get one. All the reported Qualcomm here on Blind do not mention anything about the annual bonus. That needs to be counted towards TC.
Got it. From what I heard there is bonus which is a % of the base. Which BU/domain are you going in to
I think the graphics team. Got 18 YOE. So I’m expecting Sr Staff or Lead. Hopefully lead 🙂 Does the percentage differ from org to org? In most companies it is a % of the base as a target but there’s usually a multiplier which may factor in BU partially. For example, the target at Broadcom is 25% but it can go up to almost 40%. At AMD, they say 15% but their multiplier sucks and you actually end up getting 5-7%.
Isnt Engineering Lead a title only in India? I thought in the US its Sr Staff -> Principal
Was principal there - last bonus was 60k. Now 3 times lower ;(
But your rsus more than make up the difference I assume?
you won't get paid like Broadcom
I’m no longer at BRCM. I’d love to go back but there’s not much external hiring. All positions need Hock Tan’s signature.
Really? Hock needs sign just to hire an engineer
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There is yearly cash bonus. Mostly dependent on your level than performance.
if by level you meant seniority, I would partially disagree since I know for a fact that folks rated at grade 5 often have a bigger cash bonus than 'seniors' graded 2-4