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Just got informed last week that we didn't meet the qualifications to get a bonus this year.
The qualifications they didn't tell us about.
The qualifications that we have no control over.
No bonus because people higher in the chain didn't meet specific goals. (Pretty sure they are still getting a bonus because rank.)
I won't meet the qualifications next year because I'll be working somewhere else. The pay is low because bonuses make up for it (supposedly).
The pay is low because bonuses make up for it (supposedly).
Business lesson #1: a promise in writing is the only kind that has value. At least in this godforsaken civilization.
There's always a loophole to not pay you properly.
My company said that we'd have to accept a 1.3% raise or nothing. The union just agreed to 1.3%. To keep up with inflation, it should've been around 8%. And this is in Denmark! I have no fucking clue why my union has no balls, but I, for one, am not happy with them. The CFO gave herself a 30% increase two years ago, but what the fuck do we get? Fucking pebbles, and we'll be happy. When management heard about the complaints, the managers say "but you got a bonus this year, that should count for something". Go fuck yourself. A bonus is NOT part of the salary, you greedy mother fuckers!! I'll be at another job next year.
I had a job that gave us a 3% raise (when cost of living in our area went up 8% that year).
On my next check the raise was less than 1% so I went to HR.
"The raise is quarterly. You actually get 4 raises this year!"
They thought giving .75 % increase every quarter counted as a 3% raise.
"At the end of the year you have a 3% total increase, which is what we said you would get. 3% minimum raise every year. We have met our obligation. Why are you being so difficult?"
Jesus Christ...
Reminds me of the hospital my boyfriend used to work at: his group of technicians didn't get a raise one year because employee turnover was too high. So... the ones that DID stay were punished because of people that left???
Yes, cause it teaches people to not leave and not make noise. Those that created pain for those that don't until they protect the status quo on behalf of the masters.
You guys have a union?
If I had a union I would have a bonus
Former job, I had to be the bearer of bad news to a team of 10+ employees that they all were not getting bonuses and no raises. I really fought upper management went directly to the CEO, who by the way all did get bonuses/raises. I got a raise and bonus as well probably to keep me complacent. This was one of our better profit years, so it made absolutely no sense to do a freeze.
So I decided since I couldn't get anyone above to reason. I instead told my team it was bullshit and exactly why in each of there reviews, even though I was given a script and explicitly told not tell them more than that. I told them that they should start looking for a new jobs and I'll help anyway I could. Told them honestly that this was probably a tactic to push some of them out without firing them and replace them with lower wage workers, I wasn't told that but I knew.
Worst year of my life. I left as quickly as I could myself. When I left they offered me a significant raise to stay, they were literal villains so I obviously said no.
Some of my team unfortunately stuck it out and got fired over petty shit months after I left. 2 years later they were all gone and replaced with low wage college interns. I hated myself because I was their shield for over 10 years and finally lost, as soon as I was gone they had no one to fight for them.
I don't know if there is a moral to this story, the bad guys technically won.
Guess a take away is unless your company is struggling and the management also takes cuts or freezes, no one below them should. Don't stay.
You're a good manager and human. Good for you for going to fucking bat for your team
Thanks, this helps to hear. Still eats me up inside. Unfortunately sometimes there is not always a reward for being good other than just not causing more pain.
Worst year of my life. I left as quickly as I could myself. When I left they offered me a significant raise to stay, they were literal villains so I obviously said no.
these types of people are the worst. I once went to quit a horrid job, and they offered me another persons job he had been promoted to, when I questioned it they said "well, its not official yet". absolute monsters.
Not getting a Christmas bonus is illegal in Mexico. There's also a deadline for companies to pay it before you can sue them.
We also have the one of, if not the worst salary/hours ratio and the Chambers went collectively apeshit when a law mandating at least 10 days of PTO per year was proposed, though. Baby steps.
In France we have the "thirteenth month" as we call it. I never had one, but in that latest job they announced having one, so I was rather chuffed to finally discover the practice and asked them about it during the interview. "so you gonna give me a full month salary bonus at the end of the year?" cue a long, convoluted explanation... which boiled down to "no, we just shuffle shit around so you get more in December, no extra money, really".
But it just shows how ingrained that idea of a Christmas bonus is.
In Germany that exists as well, we get "holiday money" some time in late spring/early summer and "Christmas money" which we get in November. Both of them add up to a full month's salary together, so it's essentially 13 salaries/year
Not only a bonus, but a bonus big enough to get a pool.
Back in the 80s I thought that a bonus that big and wanting to spend it on a pool is something only rich people can do.
I mean, have you seen their house? It might be bigger than the home alone house.
I just assumed that the family in the movie was rich and that all of the drivers of the plot were rich people problems. Kinda like Home Alone.
Chevy Chase's character is a pretty well off professional in a big Chicago company with a pretty nice house. Hardly representative of what most people had at the time.
It bugs me when Hollywood portrays "average" families that way, even back then. Everything from Home Alone to Nightmare on Elm Street to American Pie does the same thing. Mean Girls gets a pass because satirizing that life is part of the point.
I've been part of a workforce in one way or another for over 30 years and I've never gotten a year end bonus. Not that I can recall ever getting at least.
30 years ago was the 90s. They probably got rid it of by then. I remember a Christmas episode of Dinosaurs (an eary 90s TV show if you never heard of it) that also had a year-end bonus being withheld.
They used to be pretty common in tech (at least where I'm at).
Rather than paying a larger salary, the company makes part of the annual comp a bonus. Then if they do poorly that year they can say "sorry folks, times were tough this year. But hey, you still have a job!"
People do tend to expect them after a few years of receiving them regularly. The taxes on them are generally worse (or at least feel worse since it is a lump sum), but otherwise a little money in your pocket around the holidays is nice.
The taxes get made up on the back end.
Bonus money is taxed at the rate that applies if that was your regular salary. In other words
If you make $1,000 a week that's equivalent to $52,000/year salary. And it's taxed at that rate.
If your bonus works out to a $2,000 a week rate that is taxed as if you make $104,000/year.
However, once it is time to actually do your taxes the IRS will see you made $52,000 in salary and $2,000 in bonus. So your actual taxes owed will be on $54,000.
So whatever extra taxes you paid at bonus time get returned when you do your taxes.
I used to work entirely on commission, and occasionally I'd have such a good week I'd hit a ridiculous tax bracket. Most weeks were ass though, so tax season was always great because I'd get that money back
More accurate caption: Someone saw a movie about some people who expected a bonus and didn't get one. And from that they got the weird idea that most people in the 80's got bonuses.
I don't know what movie that's from, but sorry to tell you as someone who was there: No, most people in most jobs didn't get bonuses in the 80's or any other time. It was the same as today--only certain kinds of management types or financial sector types got bonuses. I've had some pretty decent jobs and never got a bonus and no one thought they'd get one.
Edit to Update: Yes, of course I know that some jobs gave bonuses. My point is that the post's entire raison d'etre is the incorrect assertion that bonuses were something that everyone, or most people, routinely expected to get in the 80's and that those people sure had it easy compared to people today. That is not the case at all. Most jobs didn't give you a bonus back then either.
And BTW kids, this isn't the first time there's ever been inflation either.. Look up inflation rates in the mid-late 70's and early 80's. A lot worse than now.
Not to call you a liar directly, but I don't get how "you were there" but you didn't recognize National Lampoon's Christmas Vacation. The movie was no. 2 in the box office only behind Back to the Future Part 2. The various National Lampoon movies have been ran on TV countless times during the 90s.
Clark is a well paid employee. Upper class. He approves and oversees food additives. He's near the executive level but not an executive. He's close enough to walk into the office of the company president and feel bad about the gift he brought with him. He'd be expecting a Christmas bonus.
That's the movie.
I'm not making a point beyond Clark would be expecting a Christmas bonus at his job. Joke might be bad, the movie was accurate.
A better joke might be pointing out Clark was a ditz in the movies but had a high paying job. However he was also very imaginative in the movies so that might be why he's successful in research and development.
They are complicated movies lol
Lol, yeah, as another older guy I must always laugh when "the youth" paints this "rainbows and unicorns" picture of the 80s. It was fucking dark. Constant fear of total annihilation. Reagan. Thatcher. Mass layoffs everywhere. Housing crisis. Most unemployed ever. Mass demonstrations every month/week. Stop the bomb. Stop the layoffs. I want a place to live. I just want to live. Credit crisis. (15% on your mortgage? Yeah man, that's just how it is.) Or lets talk about drugs. Or rather.. .. Let's not. The police was losing control everywhere. That's when carpenter thought "escape from new york" up. And that wasnt the only movie with that theme of complete anarchism in the streets.
Just really listen to the music of the 80s. Really listen to stuff like 99 luftballons. Dancing with tears in my eyes. Land of confusion. Really look at the movies. Why do you think that Terminator was so god damn popular? Mad max was thought up in that era. (late 70s and 80s) Don't you think alien /aliens products of their time? Corps which literally kill their workers, fuck them over only for a better percentage? Gordon Gecko.. When was he thought up? Ever red "red storm rising" ? Sure, great book. But... What's it about? Red October? Same.
Movies and music are a window to that time. Sure you also had the bright colors of miami vice. But what was the theme of that series: criminals everywhere and heavy handed cops to get back at them.
No man. The 80s where bleak. Glad that's over. We got a little taste of the 80s back in 08-12. Just a little.
Do we have problems now? A lot. Sure. But I don't live under the constant fear of a Russian nuclear missile strike. There are almost no terrorist cells active anymore (RAF, IRA, Those basks and the Indonesian train hyjackers in Holland.)
I dare to say: these days are better by a mile then back then.
Be careful for what you wish for. And know the past so you can learn from it.
Glad to see someone else on Lemmy who knows how shitty it really was in the 70's and into the 80's, from economics to violence to corruption. I think it's natural to want to believe that the past was a golden age where the previous generation had it so good and then ruined things for the younger generation. Doesn't every generation think that? Mine did too, though of course we knew about the Great Depression and WWII that our grandparents went through and our parents were kids in.
There have been good and wonderful things, and also bad and terrible things throughout time. Which things are which vary over time, but it's always a mix. There were always the rich assholes and the poor people struggling to get by in every generation. Read Ecclesiastes. There's nothing new under the sun.
European here, I get a nice bonus every year. But then, my job is unionised, maybe that's the difference?
A company I worked for laid off an entire site a week before Christmas. Assholes couldn't wait 2 more weeks, they had to ruin their holidays.
I got $100 and a video from a bunch of dead-eyed execs I've never seen before in my entire life thanking me for all the hard work that I do. I'd almost have rather just gotten nothing at all.
Eh, Clark was rich, even by the standards of the time. He had a posh executive position. He was easily in the top 10%, probably more like the top 5%. You saw what kind of neighbors he had. He was well off enough that he was going to spend his entire annual bonus on a swimming pool in a place that snows half the year.
Oh, boy. So much wrong here. First off, I live in the Chicago suburbs. Clearly you don't. Plenty of people have swimming pools "in a place that snows half the year" (note: it doesn't). These are middle class people. You don't need to be wealthy to own a pool, and the fact that we actually have all four seasons here is irrelevant to the cost.
Second, who are his wealthy neighbors? Todd and Margo? They're clearly yuppie wannabe snobs. They act rich, but that's the joke. They're really no better off than THEIR neighbors, the Griswolds. They also have a smaller house and fewer possessions with no kids. So they can afford some expensive things like the stereo, but that doesn't make them wealthy. And the Shirleys (Clark's boss) don't even live in the same neighborhood.
Lastly, Clark isn't using the bonus to pay for the entire swimming pool. He needs it to pay for the deposit. He specifically says he doesn't have enough in his account to cover it otherwise. The Griswolds have a "big" house (even that is debatable), but otherwise don't have a lavish lifestyle. Someone in the top 5% who isn't a spendthrift wouldn't be kiting checks to pay for a pool.
So sure, the Griswolds are upper middle class. But they're not rich.
And the cop was on his side too.
What changed? Monopolisation? Increased population? Globalization? Or the tensions with the USSR leading to companies keeping workers appeased?
CEO compensation since 1978 has increased 1330%.
Median income has increased only 18% in the same time frame.
The rich are making themselves richer at the expense of the average person and they use some of that wealth to lobby governments to protect themselves further against any backlash