It's zero of the bonus, of which the CEO had assigned a prior that made him choose that job over other offers he likely had.
Performance based bonuses exist at virtually all levels of skill in companies. What you see as a catalyst for fraud could also be framed as a catalyst for incentivizing an outcome most likely achieved via hard/smart work.
$1.5M is not nothing, but it's less than 1% of the CEOs potential compensation.
What percentage of Walamrt's employee base probably has a significant part of their pay tied to performance?
Home Depot? UPS? Amazon's 1.6M, not just those in Seattle making well into the six figures? Kroger? Albertsons? Target? Starbucks? You really think a bagger or cart grabber or barista is getting a performance-based bonus? These are some of the largest employers in the US.
The vast majority of the US workforce probably has less than 10% of their income (probably close to 0%) directly tied to performance. A massive chunk is entirely how many hours they get on the clock, that's it.
> Performance based bonuses exist at virtually all levels of skill in companies
This really sounds like the perspective from someone who's never punched a clock.
When I picked groceries in a freezer for Target, my pay was based on my performance relative to the baseline performance as measured by engineers. If I picked at a higher rate than 120%, I was granted incentive pay. If I picked below 80%, I was on my way to termination. It was meaningful on a $13.50/hr job.
>Performance based bonuses exist at virtually all levels of skill in companies
lol. Any data on that? In tech maybe, but I'm fairly confident(also an unsourced opinion) that the vast majority of workers in the US receive zero bonus, skill based or otherwise
Performance based bonuses exist at virtually all levels of skill in companies. What you see as a catalyst for fraud could also be framed as a catalyst for incentivizing an outcome most likely achieved via hard/smart work.
$1.5M is not nothing, but it's less than 1% of the CEOs potential compensation.