Saw this job posting on Linkedin- Cloud Infrastructure Architect - $150K DevFactory - 100% Remote Telecommute
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@Jason said:
It has benifits for both sides.
Even in shops with guaranteed bonuses I've seen it undermine relationships and cost companies people. At best, bonuses don't hurt. I've never seen nor can I imagine a situation where they help. Sure for the CEO or other people in a position to determine success or failure that's one thing. But if you aren't in that position, it's an illusion.
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While it is @scottalanmiller's opinion that bonus are bad and I basically get where he is coming from on the subject, I completely disagree with his blind assumption that "many" people think it is bad. The vast majority of people look at a bonus as a great thing.
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@Dashrender said:
A fairly large company my friend works for hasn't paid bonuses in something like 5 years even with two digit gains because they built ridiculous expectations above what they made.
I've seen wildly successful banks pay zero bonuses while having record breaking years. Those of us at the top were able to command zero-bonus salaries, but the "employees" getting bonus-based pay never got their bonuses and made a fraction of what they were promised. Year after year.
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@JaredBusch said:
While it is @scottalanmiller's opinion that bonus are bad and I basically get where he is coming from on the subject, I completely disagree with his blind assumption that "many" people think it is bad. The vast majority of people look at a bonus as a great thing.
That is only the case until you make plans with the expectation of getting one, only to find out like Clark Griswold that you're getting a certificate for one month to the Jelly of the month club.
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@JaredBusch said:
While it is @scottalanmiller's opinion that bonus are bad and I basically get where he is coming from on the subject, I completely disagree with his blind assumption that "many" people think it is bad. The vast majority of people look at a bonus as a great thing.
Most, but as we know, most are always a bad gauge. Certainly most employees think bonuses are good at the time that they are promised. But many does not imply most and I pointed out that it is many of the top that walk away from companies doing bonuses - unless they are in an influential position so that they actually have the power to make the money happen.
Many of the best certainly do command their salaries and don't get caught leaving it up to someone else to decide what they are going to get paid after they have already done the work.
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@Dashrender said:
@JaredBusch said:
While it is @scottalanmiller's opinion that bonus are bad and I basically get where he is coming from on the subject, I completely disagree with his blind assumption that "many" people think it is bad. The vast majority of people look at a bonus as a great thing.
That is only the case until you make plans with the expectation of getting one, only to find out like Clark Griswold that you're getting a certificate for one month to the Jelly of the month club.
Right, I do not argue that the general bonus scheme is bad for people and good for companies.
I just argue that people actually see it that way. In my experience, they do not.
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@Dashrender said:
@JaredBusch said:
While it is @scottalanmiller's opinion that bonus are bad and I basically get where he is coming from on the subject, I completely disagree with his blind assumption that "many" people think it is bad. The vast majority of people look at a bonus as a great thing.
That is only the case until you make plans with the expectation of getting one, only to find out like Clark Griswold that you're getting a certificate for one month to the Jelly of the month club.
And many people do end up getting bonuses and never realize that they were put at risk of not getting it while the company got to relax knowing that if they had a bad year that their employees would absorb a ton of the losses.
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@JaredBusch said:
I just argue that people actually see it that way. In my experience, they do not.
And I don't argue at all that the majority of people do see it as good as most people don't understand business or income and also that the vast majority of people lack the ability to command their salaries. So even those that would prefer a guarantee of income, what can they do?
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@JaredBusch said:
@Dashrender said:
@JaredBusch said:
While it is @scottalanmiller's opinion that bonus are bad and I basically get where he is coming from on the subject, I completely disagree with his blind assumption that "many" people think it is bad. The vast majority of people look at a bonus as a great thing.
That is only the case until you make plans with the expectation of getting one, only to find out like Clark Griswold that you're getting a certificate for one month to the Jelly of the month club.
Right, I do not argue that the general bonus scheme is bad for people and good for companies.
I just argue that people actually see it that way. In my experience, they do not.
Well this is like the conversation from the other thread "my homedrives are on a SAN" There's what most people think, and then the reality of the situation. Sometimes those things overlap, othertimes, not.
Edit
I agree with you JB, I think most people when they see bonus.. they think it's a good thing.
Where in stead they should be saying.. hey you know what.. I don't want a bonus, assuming the normal bonus is 20%, I want a straight 15% pay increase instead.
of course don't whine when everyone else gets their 20% and you only got your 15% (but you're still probably better off since you've been getting it all year, and they get it in a lump sum).
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A lot of people also never look at the big picture. Things like whenever someone quits to go to another job they forfeit their bonus. Of course they do, makes sense. But it is a major point of cost savings to businesses that employees often overlook and never realize that they agreed to lower their income "on job change" when they signed up.
