Product Managers: Q3 is Ending. Are you Going to Miss Your Bonus Again?
There are ways you can prevent it from happening again
As the third quarter draws to a close, many product managers are asking themselves “Am I going to miss my bonus again?” Product manager incentive compensation is always a tricky thing. Product managers have responsibility but rarely have authority. It is hard for them to directly influence events and performance. As a result, it is hard to ensure the achievement of bonus targets. By the end of the third quarter, most product managers know where they are going to land in regards to their annual bonus. What can they do so that the pattern of missing their bonus is not repeated?
Product Manager Incentive Compensation
Product management is a well-paying job. Salar.com reports that mid-level product managers in the U.S. earn on average $90,000 in base salary and $6,6450 in bonuses in 2021. An annual survey from the Pragmatic Institute broke down the typical factors to calculate a bonus:
Factors for Calculating Bonus (% Bonus Eligible PMs Reporting)
