Christmas Bonuses
Discussion
My employer has recently changed the xmas bonus structure, it used to give every employee a fixed sum, but now it's a percentage of our salaries capped with lower and upper limits, and as a result the majority of staff are getting less than in previous years.
It's caused a bit of controversy in the office as the bonus has always to reward staff for the business doing well, so a fixed sum was fair for everyone, but now the majority are getting less and only the higher earners are getting the same/more than previous year.
It's an odd decision as we have had record breaking profits year on year recently.
So PH, just wondering how others xmas bonuses are calculated and if others have similar experiences?
It's caused a bit of controversy in the office as the bonus has always to reward staff for the business doing well, so a fixed sum was fair for everyone, but now the majority are getting less and only the higher earners are getting the same/more than previous year.
It's an odd decision as we have had record breaking profits year on year recently.
So PH, just wondering how others xmas bonuses are calculated and if others have similar experiences?
I'm not personally bothered, it's not a term in our contracts and at the dicretion of the company entirely and I'm grateful for it,
What strikes me as stange is the way it's calculated, fixed sum vs percentage of salary, and was just wondering how others xmas bonus are calculated.
The upper limit is 20% above last years sum but the lower limit is 10% under, does not seem like a fair way to calculate things for a universal bonus. It's pissed a lot of people off in the office, upper management getting a larger slice of the pie at the rest of the staff's expense.
What strikes me as stange is the way it's calculated, fixed sum vs percentage of salary, and was just wondering how others xmas bonus are calculated.
The upper limit is 20% above last years sum but the lower limit is 10% under, does not seem like a fair way to calculate things for a universal bonus. It's pissed a lot of people off in the office, upper management getting a larger slice of the pie at the rest of the staff's expense.
nosittap said:
I'm not personally bothered, it's not a term in our contracts and at the dicretion of the company entirely and I'm grateful for it,
What strikes me as stange is the way it's calculated, fixed sum vs percentage of salary, and was just wondering how others xmas bonus are calculated.
The upper limit is 20% above last years sum but the lower limit is 10% under, does not seem like a fair way to calculate things for a universal bonus. It's pissed a lot of people off in the office, upper management getting a larger slice of the pie at the rest of the staff's expense.
They also get paid more than the drones, does that annoy them too?What strikes me as stange is the way it's calculated, fixed sum vs percentage of salary, and was just wondering how others xmas bonus are calculated.
The upper limit is 20% above last years sum but the lower limit is 10% under, does not seem like a fair way to calculate things for a universal bonus. It's pissed a lot of people off in the office, upper management getting a larger slice of the pie at the rest of the staff's expense.
Get over it. Be thankful your company bothers at all I reckon.
nosittap said:
I'm not personally bothered, it's not a term in our contracts and at the dicretion of the company entirely and I'm grateful for it,
What strikes me as stange is the way it's calculated, fixed sum vs percentage of salary, and was just wondering how others xmas bonus are calculated.
The upper limit is 20% above last years sum but the lower limit is 10% under, does not seem like a fair way to calculate things for a universal bonus. It's pissed a lot of people off in the office, upper management getting a larger slice of the pie at the rest of the staff's expense.
Typically in the few schemes i've either been part of or had reported to me by friends the percentage is way more common than a fixed sum. What strikes me as stange is the way it's calculated, fixed sum vs percentage of salary, and was just wondering how others xmas bonus are calculated.
The upper limit is 20% above last years sum but the lower limit is 10% under, does not seem like a fair way to calculate things for a universal bonus. It's pissed a lot of people off in the office, upper management getting a larger slice of the pie at the rest of the staff's expense.
Especially when you have a workforce with quite a scope in wages.
A £500 bonus to someone on £100,000 is worth much less than someone on £25,000
but if you make it 2% then it's more respresentative of the salary structure.
nosittap said:
It's pissed a lot of people off in the office, upper management getting a larger slice of the pie at the rest of the staff's expense.
I see this attitude a lot. It's very frustrating.Upper management get a bigger slice of the pie because they have more responsibility, etc.
It's not all cigars and brandy on work jollies. If you want a bigger slice of the pie, work harder for it.
Thanks for the replies, I'm not a banker by the way, although I do work for a finance company.
As I mentioned I am personally grateful and treat bonuses as precisely that, a bonus. As this is the only finance company I have worked for, just seeing if this is 'normal' in the industry.
The mood in the office has been down as a result, as they already pay less than market averages many feel it's the bonuses is the only thing that make the job worth it, and it's disgruntled a fair few members of staff.
But I know, first world problems, we're in a recession don't you know and all that b
ks.
As I mentioned I am personally grateful and treat bonuses as precisely that, a bonus. As this is the only finance company I have worked for, just seeing if this is 'normal' in the industry.
The mood in the office has been down as a result, as they already pay less than market averages many feel it's the bonuses is the only thing that make the job worth it, and it's disgruntled a fair few members of staff.
But I know, first world problems, we're in a recession don't you know and all that b
ks. nosittap said:
Thanks for the replies, I'm not a banker by the way, although I do work for a finance company.
As I mentioned I am personally grateful and treat bonuses as precisely that, a bonus. As this is the only finance company I have worked for, just seeing if this is 'normal' in the industry.
The mood in the office has been down as a result, as they already pay less than market averages many feel it's the bonuses is the only thing that make the job worth it, and it's disgruntled a fair few members of staff.
But I know, first world problems, we're in a recession don't you know and all that bks.
I wouldn't worry, if it's that big a problem to your colleagues they can always move to one of the companies that pay more, can't they?As I mentioned I am personally grateful and treat bonuses as precisely that, a bonus. As this is the only finance company I have worked for, just seeing if this is 'normal' in the industry.
The mood in the office has been down as a result, as they already pay less than market averages many feel it's the bonuses is the only thing that make the job worth it, and it's disgruntled a fair few members of staff.
But I know, first world problems, we're in a recession don't you know and all that b
ks. REALIST123 said:
I wouldn't worry, if it's that big a problem to your colleagues they can always move to one of the companies that pay more, can't they?
Appropriate username 
They can certainly try, won't stop everyone b
hing and moaning though, It's all everyone has been talking about all week.Employees just love to moan. There was an across the board 3% salary increase this year at our company and I pushed for a couple in my team to get 5% due to additional work they've been putting in and the quality of it. One just said, "OK," when I told them not mention it was more than other staff and the other said, "is that all I'm getting?" Cheeky beggar!
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