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Bonuses for executives or bonuses for regular employees? Every bonus item in any employment package I've had has always been tied to the company's performance a
by sidlls 10y ago
Bonuses for executives or bonuses for regular employees? Every bonus item in any employment package I've had has always been tied to the company's performance and my individual performance. I have never once worked anywhere with an automatic, performance-independent bonus, from tiny shops working as government contractors to large and well-known corporations. This is anecdotal, obviously, but I'm talking about myself and literally hundreds of thousands of other employees across all the organizations I've worked for. I am not denying such bonus structures exist in some places, but I'm skeptical that it's common or not considered an extreme aberration.
- TeMPOraL 10y agoI don't know if it's common, but I'm currently employed in such a company. Basically, at the interview I asked for $X / month after benefits[0] and taxes, and what I'm being paid is ($X - benefits - taxes) / month base, + performance bonus equal to the amount that went to the government in my name. I get the bonus by default, but they can suspend it if I perform visibly badly. [0] - don't know the right English vocabulary for that; in Poland, if your employer pays you X directly, then he actually costs you Y, where Y > X, and the difference is what he pays as a contribution to your social security and health insurance. EDIT I was misremembering things, so I doublechecked my payslip and fixed the comment to reflect "real reality".
- sidlls 10y agoSo your bonus is linked to your performance.
- TeMPOraL 10y agoTechnically yes, but I get it by default, and only lose it for substandard performance.
- lutorm 10y agoInteresting arrangement. If your tax rate goes up, does your pay go up too?
- TeMPOraL 10y agoIt probably will, though most likely only after renegotiation of contract. The bonus amount was calculated off the $X I asked for and is "hardcoded", not computed dynamically from the taxes and social/health payments. AFAIK we didn't have the (income) tax rate changes since at least 2009, so I don't know for sure.