I saw a glassdoor review saying "... No bonus. 401K match is low and was even paused due to COVID." Is it true? #Nielsen #401k
What is Nielsen into??
Market / Industry research.
They match 50% up to 6%. So 9% total if you do 6%. Was put on hold a while ago due to COVID. No word on bonuses but I wouldn’t be surprised if they decided to take away from the minions given they will have to pay out to 2 C Suites.
Isnt 50% of 6% salary/pay = 3% essentially in the end? How do you get 9% of your salary because that would be above standard for companies
You put 6%, company matches 50% or 3% so your total 401k contribution is 6%+3% = 9% of your salary.
No bonus for this year..
I also heard no raises in addition to the lost 401k match
What motivates you to stay @ Nielsen ?
For this year true. No raises/promotions, no bonus, no 401k match, no new hires
I’ve only heard of lateral moves/promotions happening in Q1 2021
I also heard that no bonus, promotions this year..
Are these bonuses that are paid out next March? Or are different departments on different schedules?
AFAIK bonuses are for next March
That seriously sucks
Anyone in Chicago??
Joining soon in December
401k match was paused for this year, not sure about the bonus but I wouldn't be surprised if they took that away as well.