How long does it take for bonuses to be paid out after your performance outcome has been communicated at other firms?

Our comp system is slightly complex so we know promotions Dec-Jan while bonuses are paid out late Feb-Early March (aka 2-3 months)

Edit: Performance year ends in September (so total process is 5-6 months)

like
Posting as :
works at
You are currently posting as works at

At AP, I think once the discussions occur it’s about 2 weeks to bonus payout.

like

Performance outcome disclosed early-mid December. Bonuses paid out on Dec 31

like

Performance year ends in Sep-Oct but the outcome is only decided in late Nov. We have a 2-2.5mo delay between getting our outcomes and the bonus. Doesn’t seem long at all to be honest.

like

I think we’ve got a long gap.

Performance year wraps in March.

Outcome communicated in June.

Bonus in first week of September.

Then all the big 4's timelines are ridiculous

like

It’s not complex, it’s a retention strategy.

Below MD we historically notify early November,end and pay out before thanksgiving

In fairness, that is the real reason. We could change the system to make that not an issue, but that’s the reason. Our earnings are announced around Jan 30 then we pay around Feb 28. Not that big a delay really.

It need not be complex.

At my firm, staff bonuses go out in the last pay period before Christmas. They are determined in the weeks before that. We close the books on our financials two months later at the end of February at which point partner bonus payouts are completed.

There’s no reason to wait until total financial results are known because we budget for staff bonuses when we have a pretty good picture of overall firm performance - which doesn’t take until the very last moment. Our final profit ends up looking quite similar to our late Q4 projection every year because how wrong can you possibly go?

We define our bonuses based on GAAP profit, which yields this outcome. If we had a different system, you’re right that we could use estimates and be slightly faster. It would only be about a month faster though.

Related Posts

Is there any internal exam that I need to give in Accenture for promotion/hike?

Level 8 speaking

Considering a Product Owner role. Any best practices of what questions to ask during an interview? First phase deals with a virtual Teams interview with the recruiter and her manager on Tuesday. Excited since this is a hop from a Product Analyst role and entails an offer of over $30,000 from what I'm getting now! This would be a permanent full-time compared to my current contractor role that ends in March.

like

I'm currently working as an electrical designer in the MEP industry. I really don't like it and I'm working towards a career change which I'm actively applying for and getting certified etc. However, it's been a slow process and I'm currently underpaid where I am so would it be wise to make a lateral move to another MEP firm simply because they offer me more money while I still look for a different job separate from this field? Or just tough it out?

UBS or MMC which one is better for YOE 10 having almost same salary. Please Suggest.

like

Hi All,
I'm around 8 yr experienced in RPA(Technical). What designation they will give me and what salary should I expect? Is there fixed + variable pay system too? If yes, what's the split?
Total exp - 7.9 yrs
CCTC - 18 LPA

hi, fishes,

for 9 + years exp is 32 good pkg with AD role in UBS?

Hello fishes,
Can anyone help me with Max salary one can get for different designation like IT analyst, Assistant consultant,Associate consultant in TCS.

like

Any MBB / OW / SKP 🐠 here and willing to share post-MBA Consultant salary range? TIA!

like

Can you please help me with the in hand salary

Post Photo
likesmartfunny
like

Hello Boschers Bosch gave me 12 LPA offer with Senior Associate consultant ( Career level 51) I have an offer of 15 LPA from Accenture which I mentioned during Bosch HR round. but still they gave less package offer. How's the average CTC for career level 51 in Bosch? Deloitte Accenture Tata Consultancy Bosch Robert Bosch Wipro Nagarro Mindtree Bosch Global Software Technologies

like

Anyone knows about the base for chase PCA?

like

Yoe 5
Capgemini is offering 23fixed. Is there still bandwidth?

like

Hi all,

Recently I have completed probation in Accenture, and got offer from HCL, Is there any chance to revise the package? because I have completed only 6 months in Accenture, If I compare CTC of both there is huge difference it's round 10 lacs, HCL offering 60 per hike.

I was on bench in Accenture since 45 days so i started searching outside.

like

I’ve been running into weird happenings at my new firm learn of everything “I misunderstood” about my package. I don’t actually qualify for quarterly bonuses at a pro-rated billing rate; no 401ks till year 2; and the biggest—we don’t qualify for a raise unless we are here during the entire fiscal year. We have a 2100 billable req which I’m barely hitting. We also get paid below 6 figures. I learned that the new associates came is at least $10k over us. I graduated 2020–but 1st firm job. Advice?

like

Hello Fishes !!

I am about to receive an offer from EY GDS for a role of a Business Analyst_Banking finance (Principal Consultant) with a CTC of 27 LPA (inclusive of 10% variable).

I am having 10.5 YOE. Is this grade relevant which they have offered, taking my YoE into account? How much i can negotiate upto in CTC front? I mean the highest slab of Principal consultant?

TIA

like

I’m in the midst of the interview process at KPMG. What is the expected salary for Manager level in the risk space?

like

ZS Associates can anyone share what the base + bonus is for the Manager rank?

like

Considering moving from staff to freelance producer. Any advice for getting started in freelance? Are their any resources for determining an appropriate day rate (other than the post below)?

like

Currently an associate at a V30 and negotiating a partnership position at another V30. What is the correct way to maximize the pay in the negotiation as a lateral partner? I’m afraid of settling at a lower price than what they can do at the top end of the range! Do I anchor by asking for an outrageous figure or let them offer a salary figure first?

like

More Posts

Hi Guys,

Need some information from Capgemini guys.

I finished my L1, L2 and HR rounds last week. The HR had requested for the documents and I sent them on the same day. From there how many days will it take to release the offer letter.

like

469k new construction
No washer dryer or refrigerator included
Added these at cost, downgraded to basic grey paint throughout, removed blinds and builder accepted 460. Feeling cheated :/

What would have been a better offer?

like

What is the news of 10000 crores fine coming on Flipkart

like

I have offer qith service now banglore ,I am looking for Hyderabad location .Will they provide location shift if we ask before joining

like

Any Hilton recs in Charleston?

Would you join the FSO practice or Supply Chain?

like

Has anyone made the switch from EY consulting to CBS? Thanks!

like

Does anyone know when agile promotions will be communicated to the counselors?

like

Hello Everyone,

I need recommendation for a Project Manager role. I have about 4 + years experience managing projects and in consulting.

I am about concluding the google certificate in project management, and one unique think I bring into any team is my strategic thinking and ability to solve problems in record time.

I am based in Canada and a remote role will be great.

I anticipate your responses and recommendations thank you very much.

likesmart

Anyone at Teladoc Health Inc. willing to provide a referral?

like

Do not be distracted 🤝

Post Photo
likehelpful

Hi, I had a query. I have received offer for Data Engineering Position while having an experience of Oracle Apps EBS. Wanted to understand how I can utilise my existing Skillsets to assist in the data engineering role offered, Or Shall I work on enhancing my Skillsets accordingly so as to map the role offered?
Thanks in advance.

like

Considering a Product Owner role. Any best practices of what questions to ask during an interview? First phase deals with a virtual Teams interview with the recruiter and her manager on Tuesday. Excited since this is a hop from a Product Analyst role and entails an offer of over $30,000 from what I'm getting now! This would be a permanent full-time compared to my current contractor role that ends in March.

like

My fiance got Monkey Pox, it's no joke folks. Get the vaccine even if you aren't into the "scene." You rub arms with the wrong person or enter an enclosed space with someone who has mouth sores, it's going to be a bad time.

smart

Hey

Do we get marriage leave Atleast one week leave during notice period

Any hr present here who can answer?

I want to kn tcs policy before I argue with my manager for wedding leaves

like

Small family winery in Napa. This is bit of a kitchen sink, but predominantly Cab & Merlot. It’s a good value buy.

Post Photo
likehelpful

I'm currently working as an electrical designer in the MEP industry. I really don't like it and I'm working towards a career change which I'm actively applying for and getting certified etc. However, it's been a slow process and I'm currently underpaid where I am so would it be wise to make a lateral move to another MEP firm simply because they offer me more money while I still look for a different job separate from this field? Or just tough it out?

Thoughts on branded search incrementality?
In what scenarios do you see it helping the bottom line vs not? Is. Competition, etc.

like

Hi guy please help i got laptop from publicis which is very old. Can i ask them to change it?

like

Is an “innovation program lead” a PgM level 5? Do you guys like working for GCP?

like

Additional Posts in Consulting

To those starting the year on the beach: office or home office ...or actual beach?

like

Is it bad to be the first candidate that the hiring manager interviews? Was told I might not hear back for a while bc they have to still review the other candidates? One replied to my thank you note saying “we will be in touch!”

like

For people with clean records -what’s the rationale for waiting until a background check to clear before giving notice? I keep seeing it mentioned but I what’s the risk? To my knowledge it’s not like a cleared background check protects you from your new firm rescinding an offer…is the goal to minimize gaps between paychecks?

like
like

Any recs for CIPM study books?

like

Team - what is the leading practice for a remote work plan with team / client?

like

Bain & Company Can someone recommend a good starting point on how to go around solving case interviews? What frameworks should I follow? I am kinda new to case interview and want to develop skills to solve them. Any books, online sources would be really appreciable. Deloitte EY-Parthenon Strategy& McKinsey & Company Boston Consulting Group Bain & Company

like

Controversial question to Partners: do you take race into consideration when staffing projects? (e.g. avoid sending black consultant to Alabama client if other project is available in NY)

like

What are some technical industry roles that isn’t too development focused you can switch to from consulting? I like analytics but don’t want to do core data science. What are other areas?

like

Ugh! Got 2 hours left in a 14 hour drive with younger sis. Both of us getting on each other's nerves and I hate road trips. Help fbfam! Anything entertaining? 😔

like

Where can i get a MS office for cheap? Office 365 corp discount is not really a discount anymore ($50/y). Anywhere i can download an older version for personal use

like

Zm to the moon!!!!!

like

My parents are coming from India in a few weeks. Any recommendations on a good health insurance policy for them to buy? Typically the policies bought from India aren’t very helpful in the US if you actually need to use them. Thanks!

like

Where is the strangest place you've ever take an interview call/ call from a recruiter?

like

So i have been fortunate that i have managed to go through my career without the need for a degree. I was lucky enough to have been hired by one of the worlds top consulting firms, worked with a whole lot of big clients and travelled a lot. It's gotten to the point where I am not even asked about the lack of a degree on my resume. Personally though, it bothers me. I have a whole bunch of certifications in my industry…but just no formal degree. (cont'd)

like

Which top consulting firms, if any, will pay for your MBA?

like

What’s the job title for the people that decide the story line of a cartoon? In gaming they’re product owners

like

Need advice and pep talk because I’m certain I have chronic imposter syndrome :( Background on me, I have about 6 years of work experience post college but have gone through many companies because of layoffs and/or reorgs. With that, I’ve bounced a lot with different industries and have done different roles for a year max. My current role is about to be my longest (thank goodness, hitting about 2 years) but I feel like I’m not a SME in anything but I feel embarrassment for myself (Cont.)

likehelpful

How much weight does brand name consulting firms have on top MBA programs? For example, is it significantly better to work for MBB firms vs. big 4 vs. well known specialized boutique firms?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal