When do your companies pay out bonuses? This is my first year in-house (F500, public) and have heard that our incentive plan comp gets announced/paid at the end of January or early February. How normal is this? Is it because they don’t want to spoil the Q4 earnings report?
Legal Professional Responses:
Announced late January or early February and paid out end of February/early March.
^ same.
For us the determination of incentive compensation, communication to team members and payout all happens in December.
Same.
March/April.
Announce by mid-March and payout first week of April.
Informed late January, paid mid February.
Informed late January, paid out March 15th paycheck.
March.
We have a weird fiscal year but bonus is paid out 2 months after fye and there is a mid year “advance” of 50% that is paid out 2 months after end of q2 (so at end of month 8).
We pay end of Q1, gotta get all that interest on that free cash flow!
We do it in November and April/May.
Mid-March.
Announced last week of February, paid middle of March.
