My comp just got cut by 40%
Hi Everyone,
My boss just cut my comp by 40% after I held his feet to the fire in paying me a bonus owed from last year. He said it’s due to financial situation which I can respect for reasons of COVID but based on our relationship from the last year he’s just being emotional and his way of counter acting the bonus. We grew by 50% last year but this year has been extremely slow. He’s blaming me for how slow it’s been this year which I’m fully willing to take accountability for but think it’s a little extreme given the growth we’ve had and the hopefully temporary slowness we are currently in.
What would you do?
Lateral once the economy gets better. ASAP
bump
That’s what I was thinking. I just hope I can sooner than later.
Sounds like the relationship is strained and it probably makes sense for you to look for other opportunities.
Did your boss cut your base, your expected comp, bonus?
If things have been slow this year the way I would expect this to be reflected is in your bonus. Of course your boss could also fire you if performance is that bad. But in general, in this industry, that is what the bonus is there for, you reward good years and pay you less if you don’t perform.
The fact you had to argue for your bonus says a lot and I imagine it will continue to be this way. I generally avoid firms/managers that have me fight for the right number, that usually means you’ll be underpaid.
"We grew last year by 50% but this year has been extremely slow"... all these terms you use make it sound like you work in sales at a retail outfit rather than a HF. You sure you're in the right forum?
Non non quis et fugit rerum. Odit in ex occaecati temporibus fuga velit.
Dolores ducimus nulla fuga veritatis enim ut necessitatibus. Et voluptatem repudiandae alias odio aliquid sequi. Molestiae excepturi modi enim vel rerum ex expedita.
Est quasi non temporibus asperiores modi tempora cumque quae. Quam ex accusantium exercitationem odio eos. Quibusdam atque est non enim minus quia vitae.
Et ratione tempore modi dolor molestias. Quis repellat quasi sed ipsum. Nihil libero dolore quidem et ratione.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...