Carmichael Posted December 1, 2011 Posted December 1, 2011 (edited) I just want to rant a little bit..... It is this time of the year that the whole office is getting nervous/excited about a bonus. We had a slow first six months but picked up quite good,and recovered well.Our order book is full until next year august. Ok now that you have that info... All the staff come to me and ask me what is happening with the bonusses, so yesterday i went to them to chat about it, and got cut off quickly saying that there will be nothing.. and he just walked out. Well i phoned him later and said that i want a meeting today. got my boxing gloves and knuckle buster with me!!! Rant over!!!! Edited December 1, 2011 by Carmichael
Azonic Posted December 1, 2011 Posted December 1, 2011 Go for it! Luckily our director is The Man. Last month we got a big payment in, and all staff were given R500 just for the hell of it. And we've got over 200 people here. And December's bonus was a shocker. The bonus alone was bigger than my salary at the previous place I worked at a year ago...
Falco Posted December 1, 2011 Posted December 1, 2011 I just want to rant a little bit..... It is this time of the year that the whole office is getting nervous/excited about a bonus. We had a slow first six months but picked up quite good,and recovered well.Our order book is full until next year august. The One director bought a new Land Rover disco 4 and a new boat ( like in a big one 2 x 115 yamies at the back) The other Director has been building on at his house for 7 months now.. Ok now that you have that info... All the staff come to me and ask me what is happening with the bonusses, so yesterday i went to them to chat about it, and got cut off quickly saying that there will be nothing.. and he just walked out. Well i phoned him later and said that i want a meeting today. got my boxing gloves and knuckle buster with me!!! Rant over!!!!A bonus is a privilege, not a right (unless written into your contract)The Land Rover is financed as a company car, so that doesn't count.Boats are not as expensive as most people think.Putting up with builders for 7 months means that he is either insane or short of cash (spreading costs over a long term)The long and the short ~ what the directors earn or do with their money is none of your business. If they didn't commit capital to the business, you wouldn't have a job, so they deserve their return. Suck it up, or move, it's very simple.And yes, before you point it out, I too am a director.
FLYIT Posted December 1, 2011 Posted December 1, 2011 This time of year I have to pay bonuses.only 7 staff but it still hurts.
Fish Eagle Posted December 1, 2011 Posted December 1, 2011 What's a bonus???+1 I wanna know as well? What do they look like?
Caerus Posted December 1, 2011 Posted December 1, 2011 A bonus is a privilege, not a right (unless written into your contract)The Land Rover is financed as a company car, so that doesn't count.Boats are not as expensive as most people think.Putting up with builders for 7 months means that he is either insane or short of cash (spreading costs over a long term)The long and the short ~ what the directors earn or do with their money is none of your business. If they didn't commit capital to the business, you wouldn't have a job, so they deserve their return. Suck it up, or move, it's very simple.And yes, before you point it out, I too am a director. Now this is a major issue for me, I got royaly shafted with this last year. Now bonus time and its still not concluded. I discussed this when I was having salary negotiations when I first started, now suddenly that was never the case What leg do I have to stand on?
pastapouch Posted December 1, 2011 Posted December 1, 2011 The One director bought a new Land Rover disco 4 and a new boat ( like in a big one 2 x 115 yamies at the back) The other Director has been building on at his house for 7 months now..with what would have been your bonusses...
Top Fuel Posted December 1, 2011 Posted December 1, 2011 I just want to rant a little bit..... It is this time of the year that the whole office is getting nervous/excited about a bonus. We had a slow first six months but picked up quite good,and recovered well.Our order book is full until next year august. The One director bought a new Land Rover disco 4 and a new boat ( like in a big one 2 x 115 yamies at the back) The other Director has been building on at his house for 7 months now.. Ok now that you have that info... All the staff come to me and ask me what is happening with the bonusses, so yesterday i went to them to chat about it, and got cut off quickly saying that there will be nothing.. and he just walked out. Well i phoned him later and said that i want a meeting today. got my boxing gloves and knuckle buster with me!!! Rant over!!!!Strike Strike Strike Strike. Everyone else does it.
flymango Posted December 1, 2011 Posted December 1, 2011 Be careful. You know what trouble Durex got into on Twitter for talking about bonuses.
Carmichael Posted December 1, 2011 Author Posted December 1, 2011 (edited) A bonus is a privilege, not a right (unless written into your contract)The Land Rover is financed as a company car, so that doesn't count.Boats are not as expensive as most people think.Putting up with builders for 7 months means that he is either insane or short of cash (spreading costs over a long term)The long and the short ~ what the directors earn or do with their money is none of your business. If they didn't commit capital to the business, you wouldn't have a job, so they deserve their return. Suck it up, or move, it's very simple.And yes, before you point it out, I too am a director. Edited December 1, 2011 by Carmichael
Carmichael Posted December 1, 2011 Author Posted December 1, 2011 Cervelo i agree, and caerus same here!!! i am officialy on strike!!
kosmonooit Posted December 1, 2011 Posted December 1, 2011 Yea and the Directors are the last in the picking line when times are lean .... which is most of the time What we did to put the issue of Annual Bonus to rest is say to staff that they can set aside a portion of their annual salary as a 'Bonus' on given month, since we work on total cost so its up to them. And the only people flush with cash nowadaze are crooks and ANC Upper Tier Deployed Comrades (generally the same thing)
flymango Posted December 1, 2011 Posted December 1, 2011 On a more serious note, I'd very cautious with your approach. Everybody wants to share the upside, yet not everybody has to carry the can with the downside. That's where the risk lies, and those persons (directors/owners) are entitled to the reward that it brings. They provide the guarantees, don't take salaries in dry months, ensure the cash flow, etc. As the FM you should well know that. If a bonus is linked to an incentive scheme then by all means. If it's just expected, then I'm afraid not. Good luck with your approach.
MTB_Roadie Posted December 1, 2011 Posted December 1, 2011 Just watch out that they don't give you a written warning....I believe the directors have say on bonuses, they can even give you R100 bucks more for a bonus...just to spite you
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