How do consulting companies calculate bonus? Is it based on a target percentage times individual performance times company performance times base salary? So if someone make $100k base and has a target bonus % of 20% at her level and has been rated 120% for individual performance and company performance is 200%. So would bonus be? 100k*20%*120%*200% = $48k. I am making a move from industry to consulting and need clarity.
I make $172,000 a year and still feel almost broke at times. I live in San Francisco and have three kids. The cost of living and raising a family on a single income is tough, even if that one income seems high. Anyone else in the same boat? Where you make decent money on paper but it doesn't feel like it in reality?
To those that have a job with a sabbatical incentive after a certain amount of time, how long is too long to work for one and how does it affect you after you take it? I have heard that most people end up leaving their firm after taking it but wanted to get together some more data points. Any help is greatly advised.
How has your salary impacted romantic relationships for you? Currently making less than my partner 5 years into my career while doing similar work and have become fearful that we are losing time together. Does anyone have recommendations for keeping things active while maintaining the career of a consultant?
Believe practice varies across consulting firm. Would ask your firm the philosophy behind it and how it works.
Here it's percentage of base salary. Adjusted down a bit if you have time logged that is the equivalent of "unassigned". How that percentage is calculated? There is a formula but you are given a range as indication. The range differs based on your career level.
Depends on weighting of personal goals and company goals If it was 50/50 and straight line which no caps or diminishing return of the formula then: 10% of base * 120% = 12k 10% of base * 200% = 20k I think it would be $32k total
I should caution that there are likely caps that would limit you