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What constitutes as a respectable end of the year bonus

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What constitutes as a respectable end of the year bonus

Old 12-16-2011, 06:08 AM
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Default What constitutes as a respectable end of the year bonus

I would like to hear input on this.

Based off being salary, putting in extra hours. Doing above and beyond of the standard job description. Even performing work outside of hours at the owners home residents.
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Old 12-16-2011, 06:22 AM
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How did the company perform this year? Make money or barely break even? Not a lot of bonuses being paid this year, unless they are contractually spelled out up front. Your description of what you did this year, is the norm nowadays, and wont warrant a yearend bonus. Assuming you are making more than minimum wage. Good luck, but don't get to bent out of shape if it is small or nonexistent.
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Old 12-16-2011, 06:22 AM
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Theres too many variables to say exactly,mine is max 25% of base salery,theres a bunch of performance indicators throughout the yr that detirmines.how much of the 25% we actually get but a flat 10% would be a good start IMO
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Old 12-16-2011, 06:23 AM
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I think in this economy, with the way most businesses are running, there will not be very many bonuses given out.
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Old 12-16-2011, 06:24 AM
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So hard to say. Is a bonus part of the structure of you compensation, or is it an add on at the end of the year?

Financial situation of the company? Size of company? Position? yearly take home? So many factors, it is impossible to just throw out a number.


Anything over $100,000 would be super
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Old 12-16-2011, 06:25 AM
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I've heard the rule of thumb for year end bonuses is 2 weeks take home pay. But with the way the econommy is going I think I'd be appreciative of anything over $500.
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Old 12-16-2011, 06:31 AM
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In this economy, I am appreciative of having vacation to use at the holidays, and a job to return to in January.
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Old 12-16-2011, 06:33 AM
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Originally Posted by salty_dog View Post
How did the company perform this year? Make money or barely break even? Not a lot of bonuses being paid this year, unless they are contractually spelled out up front. Your description of what you did this year, is the norm nowadays, and wont warrant a yearend bonus. Assuming you are making more than minimum wage. Good luck, but don't get to bent out of shape if it is small or nonexistent.
Company made "record profits" according to the accounting dept. I'm just jerked for the fact that I took a lesser of a salary based off the ol "lets see how you preform and will go from there". Since then I have saved the company over 250K in technology. I have increased the stability and performance of the core platform. Put in lots of extra hours and evenings. Now my annual review has been pushed off, bonus was a smack in the face. And now I'm at the point where, no more extras, I'll do the bare minimum. And if you want outside work, we'll negotiate a rate close to my original billed out rate of 120 an hour when I was a consultant.
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Old 12-16-2011, 06:34 AM
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We had a decent year, not as good as last year, but we kept our bonuses at 1 weeks pay. We felt that our employees would appreciate that and it would help morale. It paid off- last night they delivered a huge spread to our board meeting- stone crabs, appetizers, champagne, etc. as a show of appreciation.
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Old 12-16-2011, 06:36 AM
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Originally Posted by lasik1 View Post
We had a decent year, not as good as last year, but we kept our bonuses at 1 weeks pay. We felt that our employees would appreciate that and it would help morale. It paid off- last night they delivered a huge spread to our board meeting- stone crabs, appetizers, champagne, etc. as a show of appreciation.
1 weeks pay is what I thought was common etiquette. Other companies I have worked for in the past where 2 weeks pay. That I felt was overly generous.
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Old 12-16-2011, 06:37 AM
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100 bucks I'm the new guy. Their trying to figure out how their going to give raises and bonuses out on a regular bases, the new management is no people person. Pita
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Old 12-16-2011, 06:46 AM
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My company gives us 1% of our salary if the company as a whole shows 10% growth in income.... it's an absolute joke.

I see it this way though. They pay us for overtime even though we're salary, so if you want your bonus..... go get it. If you work an extra hour a day, you just got a 12.5% bonus.

to answer the OP. My dad was always "the boss" and is now retired. He told me that over the years he found that it really didn't change peoples MO unless you gave at least 18-20% at the end of the year.
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Old 12-16-2011, 07:02 AM
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Originally Posted by jerseysportfisher View Post
Company made "record profits" according to the accounting dept. I'm just jerked for the fact that I took a lesser of a salary based off the ol "lets see how you preform and will go from there". Since then I have saved the company over 250K in technology. I have increased the stability and performance of the core platform. Put in lots of extra hours and evenings. Now my annual review has been pushed off, bonus was a smack in the face. And now I'm at the point where, no more extras, I'll do the bare minimum. And if you want outside work, we'll negotiate a rate close to my original billed out rate of 120 an hour when I was a consultant.
If you saved the company $250K, you roughly paid their total loaded cost of employing you. My company figured the total loaded cost of a professional salaried employee was in the $250-$275K area. Hopefully, you actually contributed more than $250K in value. My company paid bonuses largely based on a pre-defined set of financial metrics, including net profits, return on capital, etc. If you followed the data, you could calculate 75% of your bonus and the rest was based on personal merit. Some years, bonuses were great, others non-existent. Everyone but the executives was part of that program. All bonuses were paid in March.
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Old 12-16-2011, 07:17 AM
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Originally Posted by jerseysportfisher View Post
Company made "record profits" according to the accounting dept. I'm just jerked for the fact that I took a lesser of a salary based off the ol "lets see how you preform and will go from there". Since then I have saved the company over 250K in technology. I have increased the stability and performance of the core platform. Put in lots of extra hours and evenings. Now my annual review has been pushed off, bonus was a smack in the face. And now I'm at the point where, no more extras, I'll do the bare minimum. And if you want outside work, we'll negotiate a rate close to my original billed out rate of 120 an hour when I was a consultant.
An individuals bonus structure should be set up in a manner that reduces as much ambiquity from the process as possible.

First, a bonus structure should be tied to a % of your salary i.e. up to 30%, up to 50%. The higher you are on the food chain, the more you get.

Second, the bonus structure should be tied to both the company performance and your individual performance. A split might be 60/40%, in some instances you can negotiate this

Third, with respect to your individual component only, you should have a clearly defined set of objectives at the beginning of the year that you need to meet. Additionally, these should be adjusted during the year to amend/delete based on new projects or cancelled initiatives, etc.

Lastly, bonus is not guaranteed, the company always has an opt out clause. It is not uncommon at all for bonus to be paid in March/April time frame. Why? Because the company wants to see how Q1 numbers are coming in and if there is a significant make up needed, they whack the bonus.
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Old 12-16-2011, 07:23 AM
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I've learned well, after 25 years in the corporate world, that Companies will give bonuses based on how little they can get away with.

We've had record breaking years, way way beyond Forecast and Budget, but they find ways to give you as little as possible. Very demotivating at times.
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Old 12-16-2011, 07:27 AM
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Hey with the economy the way it is, keeping your job may be the bonus. As for me, I am hoping to be subscribed to the ol' jelly of the month club.
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Old 12-16-2011, 07:43 AM
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I personally never expect one and always get one..which is nice.
I would not take it personal or have ill feelings if we did not receive one...
But it is a bonus to get one!

Ours are 1 weeks salary....

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Old 12-16-2011, 07:50 AM
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Originally Posted by Striper In View Post
I personally never expect one and always get one..which is nice.
I would not take it personal or have ill feelings if we did not receive one...
But it is a bonus to get one!

Ours are 1 weeks salary....

I wouldn't be so jerked right now if my annual review did not keep getting pushed back and back and back.
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Old 12-16-2011, 07:59 AM
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Originally Posted by Striper In View Post
I personally never expect one and always get one..which is nice.
I would not take it personal or have ill feelings if we did not receive one...
But it is a bonus to get one!

Ours are 1 weeks salary....



There are a bunch of people here who feel entitled to one. And if it's a week late or slightly smaller than they expected they are outraged.

They are no longer happy to get one. They just expect it.
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Old 12-16-2011, 08:07 AM
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I always looked at a bonus as just that......
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