How many of you employers give Holiday/End of Year Bonuses??

[tobyaxis]

Again just curious as to how many employers give out Holiday/End of Year Bonuses to employees.

Yes or No

[chuck5121]

yes

[Mariss Freimanis]

Yes and no depending on who has been naughty or nice.:-)

[tobyaxis]

Originally Posted by Mariss Freimanis Yes and no depending on who has been naughty or nice.:-)

LOL, that is a great way to evaluate employees.

[Larken]

Yes, in good times about a weeks pay, in hard times about 1/2 a weeks pay.
(this year it was 1/2 a weeks pay lol)

Larry K

[scadvice]

When I had my old shop, years back, it was about 1/2 a week’s pay. The new shop I'm setting up will be a little different. First of all, something I started in the old days was to take everyone to lunch when we sold the metal chips to the scrap dealer.
This time I may do the same with a little less fancy lunch and save the money left over to add to the bonuses at the year end. All will get some bonus like the 1/2 weeks pay (have not decided yet on that percentage). The chip money left over for the year will be based on employee's value to the company with respect to the other employees. Some percentage… and added to the main bonus. Since I'll be incorporated this time, there may be some future bonuses also added from the yearend profit. That also will be based on the employee value formula. All these ideas have to get past the other stockholder and CPA of course and will be slowly incorporated.
Steve

[cad01]

yes, just got mine today. 3% of our annual gross

[Geof]

Originally Posted by cad01 yes, just got mine today. 3% of our annual gross

3% of annual gross????

That seems incredibly high, most places calculate bonus on net income before taxes. Subtract all payroll expenses, overhead, outside services, materials and consumable costs from the gross to get the net income before taxes; then calculate the bonus on this.

[Nastyzen]

This year there's no employees left but me the boss.
I'm lucky we havn't gone bankrupt.
When times are better I take em out for lunch on company time and give em 100 bucks cash min.
2010 has got to be better!
Merry xmass anyway.

[Geof]

Just to be a Devil's Advocate and maybe start something going; why should employers be expected to give bonuses?

For instance as a company owner I may choose to leave profits in the company and buy some more efficient machines, rather than taking the profits out and buying myself a Lamborghini. The more efficient machines mean that productivity improves and the people running the machines have an easier time of it; and of course profits improve. So the following year I do take the profits out and buy myself two Lamborghinis; why should I pay any bonus?

[tobyaxis]

Originally Posted by Geof Just to be a Devil's Advocate and maybe start something going; why should employers be expected to give bonuses? For instance as a company owner I may choose to leave profits in the company and buy some more efficient machines, rather than taking the profits out and buying myself a Lamborghini. The more efficient machines mean that productivity improves and the people running the machines have an easier time of it; and of course profits improve. So the following year I do take the profits out and buy myself two Lamborghinis; why should I pay any bonus?

While I can see your point and agree, I started this thread to get a rough idea of how many employers give bonuses for the Holidays/End of Year.

A Bonus is a Gift to employees, it should not be expected.

BTW: I have an idea of what kind of employer you are, LOL Lets just say that I like your practices.

[Geof]

Originally Posted by tobyaxis ....A Bonus is a Gift to employees, it should not be expected.....

You are probably astute enough to know that I am being naughty and stirring the pot a little bit; but the part I quoted above brings to mind an article I read in a business magazine. It was a number of years ago, late 1980s I think, and Canada had dropped into a recession. The article described how a company in Ontario stopped paying bonuses and having a company dinner at the end of the year because business had taken a nosedive. The employees filed a complaint with the Labor Relations Board and the LRB ruled that because the bonus and dinner had been provided for several years they had become part of the 'conditions of employment' and the company could not arbitrarily stop providing them.