Employee Bonus Schemes - Shafted

[Kingdom34]

Hi All

Just want to know peoples opinions and experience.

Our company seem to be using a "weighted" bonus scheme that kicks in at 80%

Ive just been paid out at 77% of the target, when if it was a straight forward scheme i would have been paid out 92.4%

So we have 4 parts to the scheme and B,C,D are separate with A the company sales target.

Part A - 70%

Part B - 20%
Part C - 5%
Part D - 5%

This is how i calculate it:

Part A - achieved 94%....so 65.8% of 70%

Part B - achieved 102%....so 20.4% of 20%
Part C - achieved 20%...so 1% of 5%
Part D - achieved 104%....so 5.2% of 5%
Total - 92.4%

But because the B,C,D part only kicks in at 80% and mine apparently equates to 88% i only achieved about 50% of that part of the bonus....which i find ludicous and very very demoralising.

Basically Part C are reviews and weve been set these unachievable time consuming pieces of work in the last 6 months...but what looked on the face of it, only achieving 1 out of 5....me think ok its a loss of 4%....has meant ive lost out on £200 of bonus....which is absurd.

So my question is, has anyone else experienced this type of bonus scheme?
Also i dont recall receiving any official paperwork stating this was the scheme outlined and the maths behind it.

I had to fight last half bonus's because they were double weighted, now being single im still being sh&fted it seems.

I hate office politics

 

[Kingdom34]

[GD Reponse] Spend less time trying to tie a kid in knots over £12 and more time working. [/GD Response]

Principles and morals....but then im guessing you have none if thats the calibre of response i receive from you!

 

[Kingdom34]

Many places are no longer paying out bonuses at all feel lucky I've not had a proper bonus since 2013 - though have had a smattering of performance based rewards and/or other incentives that have added up to quite a bit so I can't complain too much.

Totally understand your stance and im appreciative of what i get...but i find the calculations immoral....but its hard to see past this....you either get one in the correct manner or not at all in my eyes..

Id rather have a straight forward payrise instead of all this "demoralising, even though ive hit most targets but still a joke of a payout"

If your going to do something, at least do it correctly. Plus with a baby on the way, money is tight. Bit of a kick in the coconuts