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That’s not normal. Bonuses are not usually fixed.
Bonuses are meant to be linked to individual/team/company performance, not a fixed amount. Id negotiate if I were you.
Yes, depends on the company.
Usually it’s a reference, bonus is still variable
Usually you will receive a target bonus %. This gives the employer discretion within that % based on performance of both the employee and company.
This is what my company does. I have a target bonus but last year I received higher than target. At my company, it’s not up for discussion either. It’s based on grade level and division.
I think most comments are referring to a performance bonus, which are usually discretionary, but fixed bonuses definitely exist.
I had a fixed ‘holiday’ bonus at a previous company I worked at, which was guaranteed and detailed in my contract. Performance bonus was separate so definitely worth finding out more
Agreed^^
Bonuses usually come as a percentage range so getting a fixed amount seems a bit weird
Bonus is discretionary in my experience and that’s how it’s usually mentioned in the contracts that I have seen
It’s not abnormal, most bonuses are discretionary, the amount that they’ve given you on paper may reflect the minimum bonus you would get, before you sign the dotted line, make sure it’s not capped at the offer they are giving you
Is it a dollar amount or a percentage? If it’s a dollar amount I would ask if that is a target amount for the first year? Seems odd that it would stay the same YOY. I have worked at a firm where everyone in the same position was eligible to receive a bonus for the same percentage of their salary (ex everyone in Position A could expect a 15% bonus, everyone in The position above that could expect 20%). They had language around it being variable but in general if you were in good standing you got that or very close to it.
Bonuses are typically a percentage of your salary. Never heard of a fixed amount. Also look at it from the point off view, a bonus is not guaranteed. How a company is doing financially and your performance are factors. You can be the top performing employee in your organization, but if the company is in financial trouble then there is a high possibility that you will not get the bonus amount that you expected.
I've never had that happen. Are you sure it's not just a base? I mean, on one hand, it's nice to know bonuses are guaranteed, but on the other, what's the incentive to over-perform if everyone's getting the same thing regardless? Weird.
I have 9% (of salary) target bonus on my contract but scored 140% last year. It’s still variable, it just means you will get something at least!