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- Feb 8, 2023
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- 8
I thought the STI bonus was 3% based on gross year and Target's score for the year? Can anyone clarify because some merit in the DC are getting anywhere between 1% and 6%
STI merit bonus
- Thread starter busybee222
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- Jun 8, 2011
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STI is made up of two parts. It's confusing and dumb so I'll try to explain it.
Corporate score which ranges from 50-175. What that means is a score of 100 means that if you received a 3% bonus. You would get 100% of that 3%.
So if you make 10,000 a year for simple math. Got a 3% bonus and score was 100. You would get 300 as a bonus.
The second part is your performance. If you performed well you could get 4% or 5% as a bonus. So same salary as before, you would get 400 or 500 as a bonus.
Then it gets tricky. You could earn a 6% bonus because you're awesome. But because let's say corp score was 175 you would get 175% of your 6%.So instead of 600 you would get a 1050 bonus because 175% of 600 is 1050. This year score is
In Merit 1-3, 3% is average performance and doing basic expectation. You did your job but you really didn't excel but also you didn't cause headaches.
Corporate score which ranges from 50-175. What that means is a score of 100 means that if you received a 3% bonus. You would get 100% of that 3%.
So if you make 10,000 a year for simple math. Got a 3% bonus and score was 100. You would get 300 as a bonus.
The second part is your performance. If you performed well you could get 4% or 5% as a bonus. So same salary as before, you would get 400 or 500 as a bonus.
Then it gets tricky. You could earn a 6% bonus because you're awesome. But because let's say corp score was 175 you would get 175% of your 6%.So instead of 600 you would get a 1050 bonus because 175% of 600 is 1050. This year score is
In Merit 1-3, 3% is average performance and doing basic expectation. You did your job but you really didn't excel but also you didn't cause headaches.
- Joined
- Dec 1, 2016
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- 161
do icqa get the bonus? Sounds like it since merit.
Also the WW bonuses are taxed very heavily, something with the tax rules. I Assume these would be too... I think when we got a 500 bonus one year it was actually ~340 net on our checks or something.
Also the WW bonuses are taxed very heavily, something with the tax rules. I Assume these would be too... I think when we got a 500 bonus one year it was actually ~340 net on our checks or something.
- Joined
- Feb 8, 2023
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- 8
So then the bonuses are really based on performance? How high can the percentages be for merit? LWW got review was told they did good job then was told raise was 2.5% and bonus of only 1%. So really OM didn't think they did their job then? They were thinking it was because they were on leave for 6 months of the year.
I think the OM did a bad job of telling them the truth about their performance.
