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Multiplication
Coach
It’s a black box
I think they spin a holy wheel and choose what every amount the holy wheel says. Unbiased and effective
Your firm extracurriculars are rated against your peer group, then you’re put on the line that is the variable comp range for your level, and given the level of VC equivalent to where you fall.
Got it, thanks for going through a thorough explanation, it’s very helpful!
Believe it or not there’s an excel workbook with a sliding scale. Depending on where you and others land (above target, at target, etc.), they make adjustments at the end so that the overall scale is within budget. Usually at the end there are one or two people who get screwed just so the scale is within budget.
Coach
Idk but the bonuses are 🥜
They give you a random number then tell you the percentage it matches too.
Looks like we are getting many new Associates. I’ve seen 3 comp related posts from an Associate with a waving hand. Unless of course, OP, they are all from you? Feel free to DM me if you’d like and I’ll answer any questions you might have.
Base multiplied by percentage equals bonus amount.
Much less interesting than how our imaginary bonus is determined.
Dart board