I think I will have a snack and take a nap before I eat and go to sleep.
Nothing (again) this year. I wonder if anyone else at work in my position got one? Do companies do that? Give some workers a bonus and not others? Is it okay to ask?
some companies do that, but I imagine they wouldn't tell you if they did
It used to be in my company that you had to be at a certain level in order to be eligible for VC. A few years ago, though, they expanded it to everyone. Of course, the pool of money for the lowest level employees is small and so the awards are small. I don't think it's possible for someone to get no VC as long as it's being given out at all, since even if your individual performance factor were small there's still factors based on business performance.
Also, to add to what Louis said earlier, technically this is VC but we all think of it as a bonus. Years ago they tried a real VC approach in some business units and there was something like a 20 or 25% range in which your salary could end up for the year, and it didn't work out too well so they stopped that. Now you have your annual salary and that is separate from the VC system, and the ratings are actually done separately for the two.
One of my three jobs gives a bonus; $25 to everyone, regardless of how long you have worked there (they used to go up by $25 a year of employment to everybody, but the economy kicked in)
I am free of all prejudices. I hate everyone equally.~W. C. Fields
Probably possible in theory but not in reality. I can't imagine having a person who would get $0 VC and continue to be employed. I suspect the person would be fired right before VC time, as the performance review on which the $0 VC recommendation would be based would have to be extremely negative.I don't think it's possible for someone to get no VC as long as it's being given out at all, since even if your individual performance factor were small there's still factors based on business performance.
My reinsurance job had a stock plan that we could pay into. When I resigned, I asked to cash it in. CFO talked to me about the tax break associated with keeping it. I held my ground, I needed the $ to pay property taxes. Within 6 months, the stock plummeted and I wound up making $, despite the tax bill on the windfall. People who stayed lost almost everything they'd invested.
I never worked for an employer that gave bonuses. Mainly for a university, where we did get a week's holiday with pay over the Christmas-NY break. That was worth $$ since I didn't have to hire a babysitter for the week.
My last job was for a dentist. His wife was a cheapskate, and she was in charge of the Christmas gifts. One year it was a box of cranberry products....dried, canned, etc. After that it was just a group restaurant meal.
This is the banking world's response to Obama et al's cries re: Wall Street bonuses.
My hubby's bonus was down this year but his base pay went up by a huge amount. His total comp was higher this year than in 2009 even though his bonus was lower.
I have worked in medical communications agencies that gave bonuses based on the profit the company made; however, you never saw them at holiday time, they were calculated and awarded in the first quarter. If the profit percentage didn't meet parent company expectations, despite how high the profits were, there were no bonuses.
At one previous company, bonuses were only supposed to be awarded after 6months with the company; however, they "sweetened" my offer by stating I'd be eligible from the start. I was just under 6 months at the end of the year; when bonus time came, the financial officer of the parent company flatly refused to give me my bonus, claiming "it's in the handbook," citing the 6month rule. My supervisor had to get a copy of my signed offer letter; even then, the CFO refused. The boss had to finally take the CFO to HR and the HR Director ordered the CFO to give me the bonus and said CFO STILL tried to fight it (and it was less than promised). The "holiday party" was held in January, we were just all too doggone "busy" to have one in December (before full profits were calculated out). You can put this among the reasons why I'm no longer with this company...
I currently work for a small, privately owned med ed company. We had a terrific holiday dinner party for both employees and spouses/partners and a wonderfully silly holiday lunch white elephant gift exchange. I got a lovely gift from my supervisor, and the company head gave me a very nice department store gift certificate. Plus there were kitchen goodies throughout the season (the diet starts on Monday!!!). I'll take this any day over a "bonus" system where the bonus is hung over your head like the bloody sword of Damocles, and where the rug can get pulled out from under you for any (or no) reason, thank you.
Last edited by Yazmeen; 01-01-2011 at 01:10 AM.
"Once you've skated together long enough, and you're really good friends, you can close your eyes, put your hand out and she's right there." Joe Dolkiewicz, 2011 US Novice Pairs Bronze Medalist
For most of my adult working life I got a week's pay for Christmas bonus. Now at my less stressful PT but still gov't job I get 50 bucks, but yeah, there's never been a working year that I didn't receive some sort of bonus specifically designated as "Christmas".
Employees at Google all got a 10% bonus this year, and considering how high their base salaries are (even for out-of-college engineers), that's a lot of money.
My ex-roommate got a whopping $90,000 year-end bonus once (he worked in banking). He bought a brand new car with cash and garaged it in Manhattan (which cost about $700/month).
I get an annual bonuses tied around my personal review, and it can be quite a high percentage (near Google's). Once in awhile I get a discretionary cash bonus worth maybe a few grand.
I would take salary over a bonus hands-down, as bonuses aren't guaranteed year over year.
Considering that bonuses are taxable, and a one time huge payment can really throw off your tax withholding, working somewhere with a standard (but not guaranteed) gigantic bonus would drive me nuts. I agree - would way prefer a larger base salary.
My company gives quarterly 5% bonuses based on your salary.
At this non-profit, I got a mini shopping bag with a can of coke and candies inside. Last year, I think it was a label for a suitcase. I had to ask someone cause I didn't know what the heck it was.
Of course there are internal rewards: I love making a difference in my clients' lives and the people I work with are dedicated and caring. But the economic disparities are getting harder and harder to take. (Especially since my rent was just raised. )
I am still shocked that companies can afford to pay bonuses - except of the holiday gifting of a gift card or a grocery store voucher. But then I never worked at a non-healthcare related job. And certainly not a wall street job where thousands seem to be the norm.