All About Me
Do I lose money if my bonus is reduced?
Though your bonus target is being reduced, you will not be receiving any less money. Your annual earnings will remain the same, any reduction in your bonus will be provided as an increase to your base pay.
What are the target for G10, G11, and G12 employees?
G10: 20%
G11: 25%
G12: 25%
When/what is the performance management cycle?
January 1st to December 31st each year.
What have we used SecureSheet for the past several years?
Annual base pay review process for merit increases
When does the new AIP performance management cycle start, and what grades are included?
January 1st, 2024.
Grade 10 - 12.
And executive levels.
What do I gain from bonus moving to base?
Increased RRSP contributions, bonus moves from at-risk pay to guaranteed and regular payments, merit increase is on higher salary.
What are the proposed targets for further review in 2025 for G7-G9 roles?
G7: 10%
G8: 15%
G9: 15%
Name all the scorecards
Business Unit Scorecard
BU Leader Scorecard
AIP Non-Executive Scorecard
Non-AIP Eligible Scorecard
What are the inputs to complete on the transition SecureSheet?
Base pay roll ins, changes to bonus targets, and bonus program closeout payments.
Dates for employee conversations and distribution of letters for AIP implementation (post Transition Sceuresheet).
November 30 to December 15
Why am I receiving notice now before the changes are ready?
We want to provide as much advanced notice as possible that changes are coming to your compensation program. We are waiting until the details are finalized before we share specifics, but we want you to know that your annual earnings will remain the same and that only how your compensation is delivered to you is changing.
What is the payout range for non-executive AIP bonuses?
0% - 150%
What is AIP?
The Annual Incentive Program (AIP) is a short-term incentive plan that rewards employees based on achievement towards individual and business performance goals and key performance indicators. Uses standardized bonus targets, bonus calculation, and performance management processes.
When is the Transition SecureSheet Process?
When is business planning and goal setting recommended to occur?
October to December
Why can’t you tell me what my new base is now/why do I have to wait until December for details?
We want to provide as much advanced notice as possible that changes are coming to your compensation program. We are waiting until the details are finalized before we share specifics, but we want you to know that your annual earnings will remain the same and that only how your compensation is delivered to you is changing.
What is the payout range for Executive AIP bonuses?
0% - 200%
When and how do AIP bonuses get paid out for Exec and Non Executives?
March 30th (End of March) through the Annual Base Pay Review SecureSheet
When are base pay roll-ins and bonus closeout payments processed on the Transition SecureSheet?
Base pay: January 15th
Bonus: January 31st
When is individual goal setting for AIP recommended to start?
Dec to February
How am I being transitioned/moved to AIP and the new performance management cycle? (G10-G12 that is not aligned to cycle already)
Starting January 1st, 2024 - you will be on the new AIP and performance management cycle. To transition you to the new performance management cycle, your current bonus program will end effective December 31st, 2023. This means you will receive a bonus payment to close out your current bonus program. The payment will reflect the period worked from the start of your 2023 bonus cycle to December 31st, 2023. Starting January 1st, 2024 - you will be on the new AIP and performance management cycle. You can expect to receive the payment on January 31st, 2024.
What is corporate bonus target for E4, E3, and E2 leaders?
E4: 30%
E3: 35%
E2: 45%
What is the weighting of BU Performance and Individual Performance for Exec and Non-Exec in AIP?
Exec: 100% BU performance, individual is a modifier not weighted.
Non-Exec: 30% BU performance, 70% individual performance
What happens when a cell turns yellow with red text in the Transition SecureSheet?
What months are quarterly and mid-year check ins recommended to happen?
Quarterly: April and September
Mid-year: July