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100% annual bonus is common in financial services
Honestly, it’s cultural. Bonuses are an extension of salary. If your company does not support it… you’re out of luck. I was talking to employees about aggressive disciplinary action but some managers gave zero incentives, while other previous managers bought 50” televisions and gift cards. Now 0 incentive. Keeping your job is the incentive.
I have a target 15% salary bonus if individually and the greater team hit our KPIs. We are consultants on a dedicated account. Generally we hit all of our KPIs, so the bonuses are generally 15% of our annual base salaries.
Annual bonuses are common in big law. We have lockstep bonuses based on year, for associates. At my firm you have to hit your annual hours requirement. My bonus for the last year was $155k.
I’m in big tech and bonuses are common here. They even include them in your annual compensation plan.
Usually at companies that have performance goals to hit, you can expect some sort of bonus if it’s hit.. this is different from sales people that can have a much bigger bonus if their specific market or area sales goals are hit… I always worked in companies that offered a bonus starting at 10% to now over 25% yearly salary bonus based on regional company performance, personal development and global company performance
If we meet our targets, I get a quarterly bonus but my team does not, which I feel is unfair so I get everyone a VISA gift card with it and pocket the rest. The entire org gets one bonus a year around annual inflation increase time. The last company I worked for I didn’t get quarterly bonuses but got 3 bonuses each year.
Coach
My bonus is half of my salary paid out over 4 quarterly installments. It's a sales-adjacent role, so less upside, but a bit more stability being bonus rather than commission.
You guys are getting annual raises?
We get a raise and a bonus annually. Depends on our performance rating and how well the company did. Anywhere from 3-5% of salary, generally.
My target bonus is 10% and is base on personal performance and also company performance