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Re: Salary Question: Bonus?

Subject: Re: Salary Question: Bonus?
From: Laura Lemay <lemay-lists1 -at- lauralemay -dot- com>
To: TECHWR-L <techwr-l -at- lists -dot- techwr-l -dot- com>
Date: Thu, 28 Dec 2006 11:51:34 -0800


I'm in Silicon Valley, not in NYC, but out here when there is a bonus, it is commonly 10-15%, but you're not taking 10-15% less salary to get it. Depending on the job you'll get only a very slight pay cut or the full salary commensurate with your position.

The total bonus is also usually dependent on not only company goals but also often division, group, and individual goals. You get rewarded for being a strong employee even if the company does poorly (or vice versa).

In my last job, at a large publicly traded internet company, I had a full salary plus a bonus plus stock options. Plus, onsite haircuts and carwashing. woo hoo.

Laura

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Laura Lemay Killer of Trees lemay % lne.com lemay % gmail.com
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To TWers and recruiters in the NYC area, I was wondering: what percentage of your pay is in the form of a 'bonus'?

For those of you not in the NYC area, it seems that a popular style of employee compensation is a bonus.

So, instead of offering a $50K salary, a company will pay $45K + 10% bonus.

This makes the 10% discretionary, of course. It also enables a company to compensate weak and strong performers differently (which is currently an extremely popular way to compensate employees.)

Anyone care to chime in?

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References:
Salary Question: Bonus?: From: Jon Steiner

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