My company just announced a 4.3% bonus

Riprorin

Banned
Apr 25, 2000
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Not bad considering I wasn't expecting anything. I've been working a while so it's a decent amount of change.
 

TheAudit

Diamond Member
May 2, 2003
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My company's CEO and CFO both resigned and our stock is down 40%.

AND they stopped providing honey for tea in the kitchen nooks!!


Toot toot!!
 

Riprorin

Banned
Apr 25, 2000
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Originally posted by: DurocShark
Nice! Looks like Riprorin is buying drinks tonight!
Meet me up in Rochester, NY and I'll be happy to buy.:)

The weather's great here today too. I think we might actually hit double digit temperatures!
 

rudeguy

Lifer
Dec 27, 2001
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WOOT!!! Extra cash is always nice. This is a cash bonus right, not a profit sharing deal?
 

Rob9874

Diamond Member
Nov 7, 1999
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Cool, we announced a 4.2% average. Meaning some will get 0%, and some will get 8%. All based on meritocracy.
 

ggavinmoss

Diamond Member
Apr 20, 2001
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Originally posted by: Rob9874
Cool, we announced a 4.2% average. Meaning some will get 0%, and some will get 8%. All based on meritocracy.
I've always found that meritocracy is a euphamism for "resting on your laurels"-ocracy.

-geoff
 

optoman

Diamond Member
Nov 15, 1999
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My companies bonus will be at least 10% if not more. They had their best year ever.
 

gistech1978

Diamond Member
Aug 30, 2002
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now you know why the 20,000 ppl were laid off or however many ppl you said in a previous thread.
and congrats on the bonus. good deal.
 

Riprorin

Banned
Apr 25, 2000
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Originally posted by: rudeguy
WOOT!!! Extra cash is always nice. This is a cash bonus right, not a profit sharing deal?
Yup, it's a cash bonus. It's a tradition at my company. In the 20 years I've worked here it's ranged from about 2% - 9%.

I always plow it back into my 401K.
 

rudeguy

Lifer
Dec 27, 2001
47,371
14
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Originally posted by: Riprorin
Originally posted by: rudeguy
WOOT!!! Extra cash is always nice. This is a cash bonus right, not a profit sharing deal?
Yup, it's a cash bonus. It's a tradition at my company. In the 20 years I've worked here it's ranged from about 2% - 9%.

I always plow it back into my 401K.
good choice. The company I work for has been between 3-4% since I started there. They just throw it in our 401k automatically. Congrats though, and have a :beer: on me!
 

ViRGE

Elite Member, Moderator Emeritus
Oct 9, 1999
31,516
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Originally posted by: dquan97
Originally posted by: Kwan1
sorry i am a college newb, what does 4.3% bonus mean? 4.3% of the companies revenue?
Salary * 1.043 = new salary
That's a raise, a traditional "bonus" is a one time payment of Salary *.043
 

Riprorin

Banned
Apr 25, 2000
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Originally posted by: Kwan1
sorry i am a college newb, what does 4.3% bonus mean? 4.3% of the companies revenue?
I'll be getting a cash payout of 4.3% of my salary.
 

optoman

Diamond Member
Nov 15, 1999
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Originally posted by: Riprorin
Originally posted by: optoman
Riprorin, do your work for Kodak? Didn't realize you lived in Rochester too.
Yup, I'm a Kodaker. Are you at RIT?
Nope, Verizon Wireless. It is a temporary job while I try to finish my masters.
 

Riprorin

Banned
Apr 25, 2000
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Originally posted by: optoman
Originally posted by: Riprorin
Originally posted by: optoman
Riprorin, do your work for Kodak? Didn't realize you lived in Rochester too.
Yup, I'm a Kodaker. Are you at RIT?
Nope, Verizon Wireless. It is a temporary job while I try to finish my masters.
Neat, are you doing your master at U of R?

A friend of mine in Buffalo just quit his job at Verizon. He was selling yellow page ads and his salary went from $130K two years ago to 80K last year even though he was the number 1 seller in the office. He was thinking about leaving and when they offered a sevarance package to go, he grabbed it.

p.s. we'll have to get together at the Distillery sometime!
 

optoman

Diamond Member
Nov 15, 1999
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Neat, are you doing your master at U of R?

A friend of mine in Buffalo just quit his job at Verizon. He was selling yellow page ads and his salary went from $130K two years ago to 80K last year even though he was the number 1 seller in the office. He was thinking about leaving and when they offered a sevarance package to go, he grabbed it.

p.s. we'll have to get together at the Distillery sometime!
I am trying to either do a masters in optics or I am thinking MBA at the Simon school. Oh, I work for Verizon Wireless which is a different company than Verizon, wierd I know.

Umm, Distillery....I was just there saturday night eating wings. :)
 

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