Bonus Timing Summary
We usually read about the percent increase of the average bonus over the prior year in a press release from the New York State Comptroller but could only guess when they are paid out. Finally, we can get a sense of the bonus timing instead of generalizations.
The concensus seems to be:
- Told amount of bonus in mid-December to mid-January.
- Get paid bonus at end of January to March with a few stragglers.
Of course, the act of physically receiving the check seems to be an afterthought. The driver of the first of the year frenzy seems to be the availability of new listings, not whether the check is in the bank.