USAA awards 18.7% bonus
USAA, for the fourth year in a row, has given its employees an annual bonus of over 18% of their annual salaries. The annual bonus is based on the company?s market performance, financial performance, mission accomplishment, and productivity. Although the size of the bonus changes year over year, USAA?s bonus is understood by all their employees to be part of their total compensation. The company has had record distributions, dividends, and bank rebates in the past year. With the company doing so well, it has projected that it could as about 3,500 jobs in the coming two years, mostly in Texas.
See "USAA awards 18.7% bonus", Patrick Danner, My San Antonio, January 29, 2014