Cisco bonus

Intel
Intelegacy

Go to company page Intel

Intelegacy
Dec 6, 2018 20 Comments

I was told 12% target bonus would be given based on the company and personal performance. How does bonus usually work in Cisco. Out of this what percentage contributes company and personal performance. I heard Cisco doesn’t have year end appraisal system, curious to know how they evaluate one’s performance?

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TOP 20 Comments
  • Cisco
    kittuputtu

    Go to company page Cisco

    kittuputtu
    ^^simply not true. In the 4 years I was at Cisco, I got more than the Target in 3. At least in engg, this was the case with every single person I know of. Please stop spreading false information.
    Dec 7, 2018 5
  • Cisco
    tcJs04

    Go to company page Cisco

    tcJs04
    This is very easy. You have a target bonus based on your grade. G6 5% G8 12% G10-11 15% etc. Bonus consists of two more factors. Your individual performance factor set by your manager. This can be between 0 and 3. The last factor is how well Cisco is doing. This will vary and has been somewhere around 0.75 and 1.2 the last years.

    Of course there is a budget for the team and you cannot give 3 to everyone, more like you need bad performers on a team to give very high ipf to one or more.

    Your bonus is then base salary times your target bonus times individual times company performance. In addition if you have got a raise or promotion bonus will be prorated to account for the period in old grade or target bonus.

    If you get 0 or very low individual performance it's time to look elsewhere
    Dec 9, 2018 1
  • Cisco
    ✌🏻✌🏻✌🏻

    Go to company page Cisco

    ✌🏻✌🏻✌🏻
    The bonus has normally been paid out every year for like the last 10.

    It’s 12% (depends on your grade level) of your base * company factor * individual. Last year I ended with with like 27% of my salary as a bonus...was nice
    Dec 7, 2018 1
    • Cisco / Eng
      DamnTheIT

      Go to company page Cisco Eng

      DamnTheIT
      What grade? G8 12% Target ? (In that case you got more than 2.0 IPF which I have never heard of) . Or G10 15%? In that case it's probably 1.8 or something is normal for high performers in lower grades!
      Dec 7, 2018
  • Cisco
    Wakeup

    Go to company page Cisco

    Wakeup
    Cisco is pretty good about bonus. U can assume u will get 12% . In my few years here i always got the target or exceeded it.
    Dec 17, 2018 0
  • Cisco
    Janelle

    Go to company page Cisco

    Janelle
    Unless your bonus is guaranteed by some contract, forget it, bonus could be $0 or could be a percentage appropriate to grade level. There have been times when no bonus was handed out due to Cisco not doing well. Which is to say some executive’s vision for company failed in those cases and their bonus should have been given to employees instead.
    Dec 6, 2018 2