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Bonus Calculations [closed]
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According to our company (UAE based company) policy yearly bonus given on below mentioned formula
60% of employees performance + 40% company growth
My basic salary is 9540 and our company have yearly growth is 4%
My rating is 7 out of 10
Anybody have idea ,how to calculate yearly bonus depending above mentioned formula.
Thanks
human-resources salaried-pay payscale
asked Jun 20 '16 at 19:16
Rakesh Gaur
14
closed as off-topic by Jan Doggen, Dan Pichelman, keshlam, gnat, Masked Man♦ Jun 21 '16 at 0:26
This question appears to be off-topic. The users who voted to close gave this specific reason:
- "Questions seeking advice on company-specific regulations, agreements, or policies should be directed to your manager or HR department. Questions that address only a specific company or position are of limited use to future visitors. Questions seeking legal advice should be directed to legal professionals. For more information, click here." – Jan Doggen, Dan Pichelman, keshlam, gnat, Masked Man
suggest improvements |Â
up vote
-5
down vote
favorite
According to our company (UAE based company) policy yearly bonus given on below mentioned formula
60% of employees performance + 40% company growth
My basic salary is 9540 and our company have yearly growth is 4%
My rating is 7 out of 10
Anybody have idea ,how to calculate yearly bonus depending above mentioned formula.
Thanks
human-resources salaried-pay payscale
asked Jun 20 '16 at 19:16
Rakesh Gaur
14
closed as off-topic by Jan Doggen, Dan Pichelman, keshlam, gnat, Masked Man♦ Jun 21 '16 at 0:26
This question appears to be off-topic. The users who voted to close gave this specific reason:
- "Questions seeking advice on company-specific regulations, agreements, or policies should be directed to your manager or HR department. Questions that address only a specific company or position are of limited use to future visitors. Questions seeking legal advice should be directed to legal professionals. For more information, click here." – Jan Doggen, Dan Pichelman, keshlam, gnat, Masked Man
3
That's not enough information. There's nothing in your company policy that says how much of that "growth" goes into employee bonuses; and of course without knowing company valuation we don't know how much money that 4% represents anyway.
– Ernest Friedman-Hill
Jun 20 '16 at 19:27
suggest improvements |Â
up vote
-5
down vote
favorite
up vote
-5
down vote
favorite
According to our company (UAE based company) policy yearly bonus given on below mentioned formula
60% of employees performance + 40% company growth
My basic salary is 9540 and our company have yearly growth is 4%
My rating is 7 out of 10
Anybody have idea ,how to calculate yearly bonus depending above mentioned formula.
Thanks
human-resources salaried-pay payscale
asked Jun 20 '16 at 19:16
Rakesh Gaur
14
According to our company (UAE based company) policy yearly bonus given on below mentioned formula
60% of employees performance + 40% company growth
My basic salary is 9540 and our company have yearly growth is 4%
My rating is 7 out of 10
Anybody have idea ,how to calculate yearly bonus depending above mentioned formula.
Thanks
human-resources salaried-pay payscale
asked Jun 20 '16 at 19:16
Rakesh Gaur
14
asked Jun 20 '16 at 19:16
Rakesh Gaur
14
asked Jun 20 '16 at 19:16
Rakesh Gaur
14
asked Jun 20 '16 at 19:16
Rakesh Gaur
14
14
closed as off-topic by Jan Doggen, Dan Pichelman, keshlam, gnat, Masked Man♦ Jun 21 '16 at 0:26
This question appears to be off-topic. The users who voted to close gave this specific reason:
- "Questions seeking advice on company-specific regulations, agreements, or policies should be directed to your manager or HR department. Questions that address only a specific company or position are of limited use to future visitors. Questions seeking legal advice should be directed to legal professionals. For more information, click here." – Jan Doggen, Dan Pichelman, keshlam, gnat, Masked Man
closed as off-topic by Jan Doggen, Dan Pichelman, keshlam, gnat, Masked Man♦ Jun 21 '16 at 0:26
This question appears to be off-topic. The users who voted to close gave this specific reason:
- "Questions seeking advice on company-specific regulations, agreements, or policies should be directed to your manager or HR department. Questions that address only a specific company or position are of limited use to future visitors. Questions seeking legal advice should be directed to legal professionals. For more information, click here." – Jan Doggen, Dan Pichelman, keshlam, gnat, Masked Man
3
That's not enough information. There's nothing in your company policy that says how much of that "growth" goes into employee bonuses; and of course without knowing company valuation we don't know how much money that 4% represents anyway.
– Ernest Friedman-Hill
Jun 20 '16 at 19:27
suggest improvements |Â
3
That's not enough information. There's nothing in your company policy that says how much of that "growth" goes into employee bonuses; and of course without knowing company valuation we don't know how much money that 4% represents anyway.
– Ernest Friedman-Hill
Jun 20 '16 at 19:27
3
3
That's not enough information. There's nothing in your company policy that says how much of that "growth" goes into employee bonuses; and of course without knowing company valuation we don't know how much money that 4% represents anyway.
– Ernest Friedman-Hill
Jun 20 '16 at 19:27
That's not enough information. There's nothing in your company policy that says how much of that "growth" goes into employee bonuses; and of course without knowing company valuation we don't know how much money that 4% represents anyway.
– Ernest Friedman-Hill
Jun 20 '16 at 19:27
suggest improvements |Â
2 Answers
2
active
oldest
votes
up vote
1
down vote
accepted
As a comment says, there's not really enough information here to provide a sure way to project your bonus. That may be an intentional decision from your employer.
That said, one possible method of calculating your bonus would be to insert your rating and the growth amount into the formula for the computation. However, it seems likely that we'd also have to assume some maximum bonus, which may be based on your salary, experience, level, etc. For argument's sake (and easy computation), let's say that your maximum bonus is 10% of your salary. Then, putting all this together, the formula would be:
Bonus = Max bonus * (performance + growth)
which expands to:
Bonus = 10% * Salary * (.6 * rating + .4 * growth)
Plugging in the numbers, you get:
Bonus = 0.1 * 9540 * (0.6 * 0.7 + 0.4 * 0.04) = 415.94
However, I stress that this is speculative. To really find out, you'll have to bring it up with your employer; however, don't be surprised if they won't tell you any more.
answered Jun 20 '16 at 19:38
GreenMatt
15.6k1465109
Why the downvote?
– GreenMatt
Jun 20 '16 at 19:56
suggest improvements |Â
up vote
2
down vote
That's not enough information. There's nothing in your company policy that says how much of that "growth" goes into employee bonuses; and of course without knowing company valuation we don't know how much money that 4% represents anyway.
The bottom line is that a "formula" like that can be used to explain how much one employee gets relative to another, but not how much any one employee gets in absolute terms.
answered Jun 20 '16 at 19:31
Ernest Friedman-Hill
3,01821420
suggest improvements |Â
2 Answers
2
active
oldest
votes
2 Answers
2
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
1
down vote
accepted
As a comment says, there's not really enough information here to provide a sure way to project your bonus. That may be an intentional decision from your employer.
That said, one possible method of calculating your bonus would be to insert your rating and the growth amount into the formula for the computation. However, it seems likely that we'd also have to assume some maximum bonus, which may be based on your salary, experience, level, etc. For argument's sake (and easy computation), let's say that your maximum bonus is 10% of your salary. Then, putting all this together, the formula would be:
Bonus = Max bonus * (performance + growth)
which expands to:
Bonus = 10% * Salary * (.6 * rating + .4 * growth)
Plugging in the numbers, you get:
Bonus = 0.1 * 9540 * (0.6 * 0.7 + 0.4 * 0.04) = 415.94
However, I stress that this is speculative. To really find out, you'll have to bring it up with your employer; however, don't be surprised if they won't tell you any more.
answered Jun 20 '16 at 19:38
GreenMatt
15.6k1465109
Why the downvote?
– GreenMatt
Jun 20 '16 at 19:56
suggest improvements |Â
up vote
1
down vote
accepted
As a comment says, there's not really enough information here to provide a sure way to project your bonus. That may be an intentional decision from your employer.
That said, one possible method of calculating your bonus would be to insert your rating and the growth amount into the formula for the computation. However, it seems likely that we'd also have to assume some maximum bonus, which may be based on your salary, experience, level, etc. For argument's sake (and easy computation), let's say that your maximum bonus is 10% of your salary. Then, putting all this together, the formula would be:
Bonus = Max bonus * (performance + growth)
which expands to:
Bonus = 10% * Salary * (.6 * rating + .4 * growth)
Plugging in the numbers, you get:
Bonus = 0.1 * 9540 * (0.6 * 0.7 + 0.4 * 0.04) = 415.94
However, I stress that this is speculative. To really find out, you'll have to bring it up with your employer; however, don't be surprised if they won't tell you any more.
answered Jun 20 '16 at 19:38
GreenMatt
15.6k1465109
Why the downvote?
– GreenMatt
Jun 20 '16 at 19:56
suggest improvements |Â
up vote
1
down vote
accepted
up vote
1
down vote
accepted
As a comment says, there's not really enough information here to provide a sure way to project your bonus. That may be an intentional decision from your employer.
That said, one possible method of calculating your bonus would be to insert your rating and the growth amount into the formula for the computation. However, it seems likely that we'd also have to assume some maximum bonus, which may be based on your salary, experience, level, etc. For argument's sake (and easy computation), let's say that your maximum bonus is 10% of your salary. Then, putting all this together, the formula would be:
Bonus = Max bonus * (performance + growth)
which expands to:
Bonus = 10% * Salary * (.6 * rating + .4 * growth)
Plugging in the numbers, you get:
Bonus = 0.1 * 9540 * (0.6 * 0.7 + 0.4 * 0.04) = 415.94
However, I stress that this is speculative. To really find out, you'll have to bring it up with your employer; however, don't be surprised if they won't tell you any more.
answered Jun 20 '16 at 19:38
GreenMatt
15.6k1465109
As a comment says, there's not really enough information here to provide a sure way to project your bonus. That may be an intentional decision from your employer.
That said, one possible method of calculating your bonus would be to insert your rating and the growth amount into the formula for the computation. However, it seems likely that we'd also have to assume some maximum bonus, which may be based on your salary, experience, level, etc. For argument's sake (and easy computation), let's say that your maximum bonus is 10% of your salary. Then, putting all this together, the formula would be:
Bonus = Max bonus * (performance + growth)
which expands to:
Bonus = 10% * Salary * (.6 * rating + .4 * growth)
Plugging in the numbers, you get:
Bonus = 0.1 * 9540 * (0.6 * 0.7 + 0.4 * 0.04) = 415.94
However, I stress that this is speculative. To really find out, you'll have to bring it up with your employer; however, don't be surprised if they won't tell you any more.
answered Jun 20 '16 at 19:38
GreenMatt
15.6k1465109
edited Jun 21 '16 at 12:59
answered Jun 20 '16 at 19:38
GreenMatt
15.6k1465109
answered Jun 20 '16 at 19:38
GreenMatt
15.6k1465109
answered Jun 20 '16 at 19:38
GreenMatt
15.6k1465109
15.6k1465109
Why the downvote?
– GreenMatt
Jun 20 '16 at 19:56
suggest improvements |Â
Why the downvote?
– GreenMatt
Jun 20 '16 at 19:56
Why the downvote?
– GreenMatt
Jun 20 '16 at 19:56
Why the downvote?
– GreenMatt
Jun 20 '16 at 19:56
suggest improvements |Â
up vote
2
down vote
That's not enough information. There's nothing in your company policy that says how much of that "growth" goes into employee bonuses; and of course without knowing company valuation we don't know how much money that 4% represents anyway.
The bottom line is that a "formula" like that can be used to explain how much one employee gets relative to another, but not how much any one employee gets in absolute terms.
answered Jun 20 '16 at 19:31
Ernest Friedman-Hill
3,01821420
suggest improvements |Â
up vote
2
down vote
That's not enough information. There's nothing in your company policy that says how much of that "growth" goes into employee bonuses; and of course without knowing company valuation we don't know how much money that 4% represents anyway.
The bottom line is that a "formula" like that can be used to explain how much one employee gets relative to another, but not how much any one employee gets in absolute terms.
answered Jun 20 '16 at 19:31
Ernest Friedman-Hill
3,01821420
suggest improvements |Â
up vote
2
down vote
up vote
2
down vote
That's not enough information. There's nothing in your company policy that says how much of that "growth" goes into employee bonuses; and of course without knowing company valuation we don't know how much money that 4% represents anyway.
The bottom line is that a "formula" like that can be used to explain how much one employee gets relative to another, but not how much any one employee gets in absolute terms.
answered Jun 20 '16 at 19:31
Ernest Friedman-Hill
3,01821420
That's not enough information. There's nothing in your company policy that says how much of that "growth" goes into employee bonuses; and of course without knowing company valuation we don't know how much money that 4% represents anyway.
The bottom line is that a "formula" like that can be used to explain how much one employee gets relative to another, but not how much any one employee gets in absolute terms.
answered Jun 20 '16 at 19:31
Ernest Friedman-Hill
3,01821420
answered Jun 20 '16 at 19:31
Ernest Friedman-Hill
3,01821420
answered Jun 20 '16 at 19:31
Ernest Friedman-Hill
3,01821420
answered Jun 20 '16 at 19:31
Ernest Friedman-Hill
3,01821420
3,01821420
suggest improvements |Â
suggest improvements |Â
3
That's not enough information. There's nothing in your company policy that says how much of that "growth" goes into employee bonuses; and of course without knowing company valuation we don't know how much money that 4% represents anyway.
– Ernest Friedman-Hill
Jun 20 '16 at 19:27