Dude our bonuses are going to suck this year.

[Queasy]

Originally posted by: Xavier434
I hate how end of the year bonuses are now more optional in the minds of employers than they have been in god knows how long. Yet, more overtime is expected these days on a regular basis. It's pretty messed up if you ask me. We need to go back to the days where overtime is no longer thought of as regular time and not giving good end of year bonuses is generally considered to be a terrible thing to do rather than it being "just business".

It depends on your employer and the job you have at the time. During the 'good times' I worked longer hours and didn't get much in the way of overtime pay or bonuses. Now during the 'bad times' I'm not working near as much overtime yet I'm getting the best bonuses I've ever had.

Everyone's situation is different.

 

[MmmSkyscraper]

Originally posted by: MrLee
It isn't something that I depened on, but its just frustrating when we know we did all we could and won't be thanked for it monetarily.

Welcome to the world of work, also known as "being fucked over".

You know what to do in the following year.

 

[Xavier434]

Originally posted by: Queasy

Originally posted by: Xavier434
I hate how end of the year bonuses are now more optional in the minds of employers than they have been in god knows how long. Yet, more overtime is expected these days on a regular basis. It's pretty messed up if you ask me. We need to go back to the days where overtime is no longer thought of as regular time and not giving good end of year bonuses is generally considered to be a terrible thing to do rather than it being "just business".

It depends on your employer and the job you have at the time. During the 'good times' I worked longer hours and didn't get much in the way of overtime pay or bonuses. Now during the 'bad times' I'm not working near as much overtime yet I'm getting the best bonuses I've ever had.

Everyone's situation is different.

True, but no matter how you slice it I feel that if you work your ass off then you should get rewarded well. The only thing that is stopping that kind of business practice from being very popular is greed.

 

[Queasy]

Originally posted by: Xavier434

Originally posted by: Queasy

Originally posted by: Xavier434
I hate how end of the year bonuses are now more optional in the minds of employers than they have been in god knows how long. Yet, more overtime is expected these days on a regular basis. It's pretty messed up if you ask me. We need to go back to the days where overtime is no longer thought of as regular time and not giving good end of year bonuses is generally considered to be a terrible thing to do rather than it being "just business".

It depends on your employer and the job you have at the time. During the 'good times' I worked longer hours and didn't get much in the way of overtime pay or bonuses. Now during the 'bad times' I'm not working near as much overtime yet I'm getting the best bonuses I've ever had.

Everyone's situation is different.

True, but no matter how you slice it I feel that if you work your ass off then you should get rewarded well. The only thing that is stopping that kind of business practice from being very popular is greed.

In some cases yes. In other cases it could be that the company's financials don't support giving out bonuses. My bonus is attached not just to how hard I work but also to how my group does, my company does, and my parent company does. If we don't meet certain targets as a company, we won't get a bonus or much at all.

 

[Xavier434]

Originally posted by: Queasy

Originally posted by: Xavier434

Originally posted by: Queasy

Originally posted by: Xavier434
I hate how end of the year bonuses are now more optional in the minds of employers than they have been in god knows how long. Yet, more overtime is expected these days on a regular basis. It's pretty messed up if you ask me. We need to go back to the days where overtime is no longer thought of as regular time and not giving good end of year bonuses is generally considered to be a terrible thing to do rather than it being "just business".

It depends on your employer and the job you have at the time. During the 'good times' I worked longer hours and didn't get much in the way of overtime pay or bonuses. Now during the 'bad times' I'm not working near as much overtime yet I'm getting the best bonuses I've ever had.

Everyone's situation is different.

True, but no matter how you slice it I feel that if you work your ass off then you should get rewarded well. The only thing that is stopping that kind of business practice from being very popular is greed.

In some cases yes. In other cases it could be that the company's financials don't support giving out bonuses. My bonus is attached not just to how hard I work but also to how my group does, my company does, and my parent company does. If we don't meet certain targets as a company, we won't get a bonus or much at all.

The way I look at it is that when you consider labor costs at the beginning of the year, those costs should include a bonus to be given out at the end of the year. The problem is that most companies either do not consider it until the end of the year or do not take those beginning of the year considerations seriously. Instead, they use them as something which can easily be shaved off just in case they do not do as well as expected. It wasn't that long ago when most employees could expect an end of the year bonus as a part of their annual salary. That is not the case anymore. There is a very good reason why most businesses were able to do that in the past but you do not see it as much today.

 

[Homerboy]

Ummm... who "counts on" bonuses? Thats not the way the system works. When you were hired did they say "you will earn XYZ per year PLUS a guaranteed bonus"? If not, you have NOTHING to bitch about. Welcome to the work force. Now stand inline.

 

[Queasy]

Originally posted by: Xavier434
The way I look at it is that when you consider labor costs at the beginning of the year, those costs should include a bonus to be given out at the end of the year. The problem is that most companies either do not consider it until the end of the year or do not take those beginning of the year considerations seriously. Instead, they use them as something which can easily be shaved off just in case they do not do as well as expected. It wasn't that long ago when most employees could expect an end of the year bonus as a part of their annual salary. That is not the case anymore. There is a very good reason why most businesses were able to do that in the past but you do not see it as much today.

We just look at it differently then. I don't view a bonus as something that is supposed to be guaranteed for doing your job. That's what your salary is for. I look at a bonus as an incentive for employees to strive to meet goals that help themselves and their company. Sometimes that is in the control of the employees and sometimes it is not but it is important to have incentives to get people to work smarter and harder.

Don't get me wrong. There are plenty of asshole execs out there too who are only in it to enrich themselves while they don't take care of their employees. The story a friend told me where he was in a meeting where upper management went from discussing their yearly cruise to discussing employee lay-offs is a disturbing example. However, I just look at bonuses as incentives to achieve and not a guaranteed lump of money to be paid out at the end of every year.

 

[1EZduzit]

Originally posted by: MrLee
To give you an idea, my last one was roughly 3000. I've been working here for 3 years and have only been Network Support for 1 of them. I was helpdesk the years before.

They are seriously keeping things quiet around here but I wouldn't expect half that. It's just annoying, mainly because the employees are what kept the business in business during this restatement, not the managers. The wrench work done kept things together, not decision making and huffing and puffing at meetings and shit. But the managers are contractual and will get their bonuses regardless. One bonus from a VP could bay for a dozen bonuses for the little guy. But I get how that works, that's not what upsets me.

They get the bonus and you get the boner. Just try harder next year.

 

[bonkers325]

its time you introduced your fists to their faces

 

[Xavier434]

Originally posted by: Queasy

Originally posted by: Xavier434
The way I look at it is that when you consider labor costs at the beginning of the year, those costs should include a bonus to be given out at the end of the year. The problem is that most companies either do not consider it until the end of the year or do not take those beginning of the year considerations seriously. Instead, they use them as something which can easily be shaved off just in case they do not do as well as expected. It wasn't that long ago when most employees could expect an end of the year bonus as a part of their annual salary. That is not the case anymore. There is a very good reason why most businesses were able to do that in the past but you do not see it as much today.

We just look at it differently then. I don't view a bonus as something that is supposed to be guaranteed for doing your job. That's what your salary is for. I look at a bonus as an incentive for employees to strive to meet goals that help themselves and their company. Sometimes that is in the control of the employees and sometimes it is not but it is important to have incentives to get people to work smarter and harder.

Don't get me wrong. There are plenty of asshole execs out there too who are only in it to enrich themselves while they don't take care of their employees. The story a friend told me where he was in a meeting where upper management went from discussing their yearly cruise to discussing employee lay-offs is a disturbing example. However, I just look at bonuses as incentives to achieve and not a guaranteed lump of money to be paid out at the end of every year.

Many people do not expect them these days. To me, that is part of the problem. People in general were happier with their jobs just a little bit more when bonuses were more common. In general I feel that the average workplace and business ethic has really gone down hill over the past 20 years.

 

[sygyzy]

Originally posted by: MrLee
To give you an idea, my last one was roughly 3000.

LOL, $3k is a good bonus? I am not sure what sort of financial firm you work for but aren't Wall Street bonuses typically in the 100k's to millions? $3k seems paltry.

Note: I don't work in Finance and I don't get ANY bonus so I am not saying $3k isn't welcomed. It's just a huge difference from what your coworkers probably get.

 

[markgm]

Hopefully it's a lesson learned, never work hard.

 

[Homerboy]

Originally posted by: sygyzy

Originally posted by: MrLee
To give you an idea, my last one was roughly 3000.

LOL, $3k is a good bonus? I am not sure what sort of financial firm you work for but aren't Wall Street bonuses typically in the 100k's to millions? $3k seems paltry.

Note: I don't work in Finance and I don't get ANY bonus so I am not saying $3k isn't welcomed. It's just a huge difference from what your coworkers probably get.

You think every one in every financial firm gets bonuses worth 100's of thousands of dollars?

 

[Homerboy]

Originally posted by: markgm
Hopefully it's a lesson learned, never work hard.

"The first step towards failure is trying" - HJS

 

[Mr Pickles]

Originally posted by: Homerboy

Originally posted by: sygyzy

Originally posted by: MrLee
To give you an idea, my last one was roughly 3000.

LOL, $3k is a good bonus? I am not sure what sort of financial firm you work for but aren't Wall Street bonuses typically in the 100k's to millions? $3k seems paltry.

Note: I don't work in Finance and I don't get ANY bonus so I am not saying $3k isn't welcomed. It's just a huge difference from what your coworkers probably get.

You think every one in every financial firm gets bonuses worth 100's of thousands of dollars?

I think that's my point. When there are hanchos getting paid buku dollars for their bonuses what difference does cutting back a smaller guy's bonus by 2 grand? How much does that ultimately save?

 

[Koing]

Originally posted by: JS80
Since when do [blank] support get good bonuses?

Front office trader support up to 25% bonus with salaries starting at ~ 85k+ for 1-2yrs experience.

Koing

 

[Koing]

Originally posted by: sygyzy

Originally posted by: MrLee
To give you an idea, my last one was roughly 3000.

LOL, $3k is a good bonus? I am not sure what sort of financial firm you work for but aren't Wall Street bonuses typically in the 100k's to millions? $3k seems paltry.

Note: I don't work in Finance and I don't get ANY bonus so I am not saying $3k isn't welcomed. It's just a huge difference from what your coworkers probably get.

Thats mainly for the deviatives traders, analysts and fund managers.

In London about 1000 people get £1mill bonuses.

Koing

 

[Gibson486]

Originally posted by: sygyzy

Originally posted by: MrLee
To give you an idea, my last one was roughly 3000.

LOL, $3k is a good bonus? I am not sure what sort of financial firm you work for but aren't Wall Street bonuses typically in the 100k's to millions? $3k seems paltry.

Note: I don't work in Finance and I don't get ANY bonus so I am not saying $3k isn't welcomed. It's just a huge difference from what your coworkers probably get.

yeah, and in Wall street you work 70 hours a week all year around and you sell your soul to them.

Anyways, just be happy that you have a job.

 

[AMDZen]

I hear you, I got almost a $4000 bonus in my job last year and not sure if I'll even get one at all this year. They were supposed to let us know tomorrow (8th) but the company states earnings on Monday (11th) so we won't know until the 12th. Considering we just laid off 10% of my org yesterday, a bonus doesn't seem likely