How do US semiannual reviews look? Any sense yet?

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Aligned with guidance. Bonuses ~50% of normal realization based on performance

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Based on the limited data points I have from conversations with people (3), there's been no obvious impact on ratings/promotions

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I guess we will find out later this week

Promotions? How much more hit are people getting behind the previously accounted fifty percent percent hit to bonus? Are they honouring people’s hard efforts?

Promotions are still happening

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I felt very disappointed with results. Bonuses aligned with guidance. Promotions / efforts not honored.

Understood. I think US has been more transparent than EU. I feel we’ve had things hidden behind country differences that don’t exist.

In EU its in Jan / Feb you guys have it earlier?

Yes the Americans have non- As and Cs December and June

At least in the US, No impact on promotion or ratings. We don't force rank into buckets or "budget" for promotions.

I definitely think promos were impacted. The numbers were very low and people who likely would have gotten in in past growth years did not this December.

Promotions looked lighter from the notes, no?

4 of 11 Ms got promoted so tough to say they got held back.

We have a shortage of Directors and if Ps were ready for promotion, business case would not be a hurdle.

Less SCs than prior cycles might have been promoted but it's more around readiness - many of them got hired during Covid and so have taken longer to meet the bar for Manager than in the past

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What’s the comp structure for Directors? How much is the base and how does the bonus component work?

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Anyobody in the Altman Solon London office willing to have a chat/look at my CV? I have 2.5 years of Analytics and management consulting experience.

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