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MIP Factor 2018
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<blockquote data-quote="brownIEman" data-source="post: 3342127" data-attributes="member: 14596"><p>I agree. I once asked a district controller what percentage of pretax profit the revised MIP cost amounted to, was it more or less than 15%, and by how much? He gave me a pathetic side step about how there was no way to know without knowing every management persons salary in the company.</p><p></p><p>Thanks for clarifying. I kind of thought that [USER=11234]@dudebro[/USER] was translating an mip of 3.15 in the old system as 315% in the new. Under the newer system a 100% MIP equates roughly to a 2.0 MIP of old. So a 3.15 today would be called 157.5%. I don't think anyone is ever going to see that again. The average the last few years I was in was about 70%, or 1.4. And almost every year we missed most of the BS metrics, but had great profitability, so the management committee gave that 1.4 as a "gift" for hard work despite the scorecard saying it should have been lower.</p></blockquote><p></p>
[QUOTE="brownIEman, post: 3342127, member: 14596"] I agree. I once asked a district controller what percentage of pretax profit the revised MIP cost amounted to, was it more or less than 15%, and by how much? He gave me a pathetic side step about how there was no way to know without knowing every management persons salary in the company. Thanks for clarifying. I kind of thought that [USER=11234]@dudebro[/USER] was translating an mip of 3.15 in the old system as 315% in the new. Under the newer system a 100% MIP equates roughly to a 2.0 MIP of old. So a 3.15 today would be called 157.5%. I don't think anyone is ever going to see that again. The average the last few years I was in was about 70%, or 1.4. And almost every year we missed most of the BS metrics, but had great profitability, so the management committee gave that 1.4 as a "gift" for hard work despite the scorecard saying it should have been lower. [/QUOTE]
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