Comments on: Don’t budget your bonus http://www.thefinancialblogger.com/don%e2%80%99t-budget-your-bonus/ This is where your finance takes place Mon, 01 Dec 2008 22:00:15 +0000 http://wordpress.org/?v=abc By: The Financial Blogger http://www.thefinancialblogger.com/don%e2%80%99t-budget-your-bonus/#comment-713 The Financial Blogger Fri, 05 Oct 2007 15:09:58 +0000 http://www.thefinancialblogger.com/don%e2%80%99t-budget-your-bonus/#comment-713 No bonus sucks, nevertheless, it doesn’t mean that it is granted to you. Even if you are a great performer in your team, the overall picture might not be as good as your performance. No bonus sucks, nevertheless, it doesn’t mean that it is granted to you. Even if you are a great performer in your team, the overall picture might not be as good as your performance.

]]> By: Customers Revenge http://www.thefinancialblogger.com/don%e2%80%99t-budget-your-bonus/#comment-712 Customers Revenge Fri, 05 Oct 2007 13:35:24 +0000 http://www.thefinancialblogger.com/don%e2%80%99t-budget-your-bonus/#comment-712 My company is likely not giving a bonus either. You're right that you shouldn't budget a bonus that may not happen, but in some cases the bonus is based on personal or team performance, in which case the employee has a lot of control over whether the bonus happens. Sales people for example often have bonuses tied heavily to personal performance. It's just a risk management thing. People may not have jobs in six months either or the stocks may die, so that's why they need to build some resilience to those kinds of downturns. My company is likely not giving a bonus either. You’re right that you shouldn’t budget a bonus that may not happen, but in some cases the bonus is based on personal or team performance, in which case the employee has a lot of control over whether the bonus happens. Sales people for example often have bonuses tied heavily to personal performance.

It’s just a risk management thing. People may not have jobs in six months either or the stocks may die, so that’s why they need to build some resilience to those kinds of downturns.

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