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End of Year Bonuses....

A

AlienCraft

Lifer
Mine is a pay reduction, don't know how much yet, but I suppose it's better than a 100% pay cut aka laid off.
Yay ....
Happy Fricken New Year.:evil:
 
Sorry to hear that 🙁 It's tough for a lot of places right now. I'm sure it was done out of necessity rather than spite.
 
Do you think you'll see an equivalent pay raise to the pay cut when the company returns to profitability?
 
I was moved to a parking spot a little further away. I was parked right outside the door. I actually think this was out of spite. They 'said' it was because more free spaces were needed for clients :roll: but they won't let me park in the nice spots in our basement.
 
Originally posted by: AlienCraft
Mine is a pay reduction, don't know how much yet, but I suppose it's better than a 100% pay cut aka laid off.
Yay ....
Happy Fricken New Year.:evil:
Click to expand...

Sorry to hear that dude.

Hope 2009 brings better things :beer:
 
I got a Halloween bonus of being laid off (with a small severance). My co-workers who were not laid off had their salaries cut 10%.

Luckily, I just last week found another job that is equally as close, much better for my resume, and comes with a day-one 12% pay increase. So, I guess being employed is my New Years bonus.
 
We're still getting our 4.25% profit sharing dump into our 401k. We also got 1,000 Australian dollars worth of stock dividends.

Happy to have a job. Market sucks.
 
I will only be working/paid 4 days a week as of monday. 20% pay cut is not what I really needed right now, but it is better than a lay off.
 
Originally posted by: kthroyer
I will only be working/paid 4 days a week as of monday. 20% pay cut is not what I really needed right now, but it is better than a lay off.
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Curious - do you work in Michigan, kthroyer?
 
our industry is pretty recession proof, but our annual bonus is in july, it should be a good year, especially once the democrat congress passes the $1 trillion stimulus package
 
Originally posted by: FoBoT
our industry is pretty recession proof, but our annual bonus is in july, it should be a good year, especially once the democrat congress passes the $1 trillion stimulus package
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i'm on the fortunate side, too. although our stock took a huge pounding, our bonus will be coming out mid-jan.

 
Originally posted by: Fritzo
Sorry to hear that 🙁 It's tough for a lot of places right now. I'm sure it was done out of necessity rather than spite.
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See what you did? Now you've taken all the piss out of it! :frown:
It's a 12% reduction in gross pay.
I am grateful to have a job don't get me wrong. I've seen a lot of people go MIA when I visit their offices.
Originally posted by: KeithTalent
Repost!

Seriously though, that sucks. Sorry to hear man. 🙁

KT
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LOL, repost, ooops soorrrry 😀
Originally posted by: her209
Do you think you'll see an equivalent pay raise to the pay cut when the company returns to profitability?
Click to expand...
Doubt it. The word was the parent company didn't like our pay structure when they acquired us last year.
I believe they are hoping to thin the ranks with attrition, and further reduce payroll by refilling jobs at a lower rate. It's practically Standard Operating Procedure.
No matter, they can never defy The #1 Law of The Universe... If you pay peanuts, you'll attract monkeys.

 
Originally posted by: Kalmah
My end of year bonus was a layoff without severance.
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Sorry to hear that.
When I was in The Entertainment Business, the calendar went blank on Jan 2. I never really got used to it.

I hope you find employment soon.

 
Originally posted by: AlienCraft
I believe they are hoping to thin the ranks with attrition, and further reduce payroll by refilling jobs at a lower rate. It's practically Standard Operating Procedure.
No matter, they can never defy The #1 Law of The Universe... If you pay peanuts, you'll attract monkeys.
Click to expand...

There's a loophole to that...grad students and postdocs. Some of them are the best workers out there. However, it's a very limited set of industries that can actually get away with procuring the good ones, and they're all in the sciences.
 
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