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Benefits reviews
1-9 of 9 Reviews
4.0
Jan 8, 2025
Anonymous Software Developer
Current
Bolivia, North Carolina
Performance Bonus no teniamos de eso pero seguro que en un futuro
5.0
Feb 22, 2024
Anonymous Project Controls Engineer
Current
Alpharetta, Georgia
Good Bonuses as long as you do your job
4.0
Jun 24, 2023
Anonymous Research Engineer
Current
Mossville, Illinois
Comparable to others in the industry.
4.0
Jul 13, 2016
Anonymous employee
Former
Bonuses are based off of three things, your salary grade, your individual performance and your department's performance.
Salary grade: The higher salary grade you are, the more of a percentage of your annual salary is given as a bonus. For instance, as a new engineer, you'll get a bonus every year of about 8% of your salary. Every promotion gets you about 2% more of your salary.
Individual performance: If you're underperforming, your bonus gets chopped.
Division performance: This is where the big variability happens. Your base bonus percentage gets applied a multiplier. If your division (Engines / Mining / Earthmoving / Construction/ ETC) is doing profitably, you can get more of a bonus than just your base bonus. If your division is doing poorly, you get only a smaller percentage of your base bonus. If your division is doing REALLY bad, you essentially get no bonus.
Leadership strives to shoot for a multiplier of 1, which means you get at least your bonus, but there are times when the company is doing very well where you get almost double your normal bonus. This gets evened out when the company is doing poorly and bonuses are cut.
7
5.0
Nov 16, 2015
Anonymous employee
Former
For an entry level engineer, an average year will be ~8% bonus. In about 4-5 years, you should be at ~12%.
My first year (right out of college), which mind you was an amazing year for caterpillar, my bonus was 19%. 3 years later, on a pretty good year, my bonus was 19%. If the downturn remains approximately the same, my bonus next year will be 10%, and this is considered a mid-bad year!
And these percentages are percentages of your ANNUALsalary
1
5.0
Nov 16, 2015
Anonymous employee
Former
For an entry level engineer, an average year will be ~8% bonus. In about 4-5 years, you should be at ~12%.
My first year (right out of college), which mind you was an amazing year for caterpillar, my bonus was 19%. 3 years later, on a pretty good year, my bonus was 19%. If the downturn remains approximately the same, my bonus next year will be 10%, and this is considered a mid-bad year!
1.0
Aug 15, 2015
Anonymous Engineer
Current
South Milwaukee, Wisconsin
This is not that good for the employees.
4.0
Aug 7, 2015
Anonymous Logistic Manager
Former
Peoria, Illinois
Depending on how CAT does we get a bonus around the middle of the year.
4.0
Jul 21, 2015
Anonymous employee
Current
Peoria, Illinois
It depends on the year. In average, you get a few thousand dollars