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I understood it to mean that the pool was increasing, not each individual’s share. Someone else got what you thought was yours.
The fact that you did not fully understand the bonus announcement is reason itself why you don’t deserve a higher bonus - reflects the tier !
They announced that the 10% bump was to the overall pool, and that it would not be an automatic by-person increase. Groups that did better would be getting more of the pool increase, and your personal performance/tiering would still be playing a role.
I got a higher bonus this year. Last year, first year associate I got tier 3 and a 2% bonus. This year I got a tier 1 and 6.5% bonus.
You actually believed them when they said that? #noskepticism
PwC 5– so what you’re saying is that you performed better at a higher level and received a better bonus. This seems very logical. Everyone — no matter how large or small your raise or bonus, save and spend it wisely. We can’t know what the pool will look like 12 months from now
Did you do better or worse than last year? Maybe you didn't do so well this year.
I would second KPMG1. You should’ve asked that question during your conversation with RL
So what were the %s?
Agreed, misled into thinking the cohorts were increasing with market and bonuses are not hitting the % projected on the all hands
The way it works is each group literally gets a pool of $. Then they have to allocate it based on the %s that appear on the chart on kcurve (this info is accessible all year). For example, without the pool increase, if Director Tier 1 bonus range is 11-19%, they might be able to give 2 people 15% each. With the increase they might each get 17%. Or they could give the highest performer 19% and keep the other person at 15%. It’s totally discretionary and depends on how you fall within your tier as compared to peers in your market/group