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Old 01-27-2015, 03:38 PM   #41
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I vaguely remember getting yearly bonuses during the 80's. Can't remember how much they were - maybe 1%. When I became a part owner in the business, the owners didn't get bonuses. But we did take periodic distributions depending on profitability. The non owner employees generally received a yearly bonus depending on one's productivity / profitability. Employee bonuses ranged 1-5%.


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Old 01-27-2015, 04:34 PM   #42
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I have worked at various places. Places with no bonus, with a turkey bonus, with profit sharing etc. The amount of bonus was certainly based on who you knew and how well the company did that year, more than how well you performed. The worse "bonus" I got was after working on a "special project" for 9 months of 6 days work and 55 hrs+ per week. I got a whopping $300. And out of that they took taxes! The best I ever got was about 40% of my base counting cash and stock options. Those were the days.
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Old 01-27-2015, 05:13 PM   #43
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I have worked at various places. Places with no bonus, with a turkey bonus, with profit sharing etc. The amount of bonus was certainly based on who you knew and how well the company did that year, more than how well you performed. The worse "bonus" I got was after working on a "special project" for 9 months of 6 days work and 55 hrs+ per week. I got a whopping $300. And out of that they took taxes! The best I ever got was about 40% of my base counting cash and stock options. Those were the days.

Did they make you pay income tax on the turkey?


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Old 01-27-2015, 06:14 PM   #44
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They withheld the neck and the gizzard for Uncle Sam, no doubt.
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Old 01-27-2015, 09:59 PM   #45
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I might have to start giving out Christmas cash gifts in this format to my family members. "Who's gonna get lucky and find the $20?"
You have to keep quiet on what values are hidden in the balloons! And put up extra ones, so that way some are left over...and you can imply that the ones they didn't get had the "really really big jackpots", so that way they feel like they were......THIS CLOSE......to getting a huge payout.
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Old 01-27-2015, 10:12 PM   #46
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Old 01-27-2015, 10:30 PM   #47
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I worked in the healthcare industry for 35 years. Only bonus ever was to retire and stop working in the healthcare industry.
Same here! We did on occasion get a 1% bonus but only in lieu of a yearly cola or other contractual increase. This only occurred on down economic cycles when the environment for union negotiations was poor. Would much rather have had the pay increase as it drove the rest of my benefits. We used to get a turkey at Thanksgiving as well and sundry "appreciation" gifts like hats, cups, pedometers, key fobs, water bottles etc. All with company logo.
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Old 01-28-2015, 12:48 AM   #48
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I choose to get my bonus spread out over the year. Last year it was 7%, which was much lower than the 15-20% range of the prior years. However, our budget does not include the bonus, so it doesn't impact how we live and anything we receive is a nice surprise.

My record bonus was over 50%, in terms of both cash and the value of stock options exercised that year. Naturally this was the year before our oldest went off to college, which did "wonders" for our FAFSA application .
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Old 01-28-2015, 03:43 AM   #49
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0%.

Wait - no - 0% and a thank you for exceeding expectations.
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Old 01-28-2015, 09:55 AM   #50
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I got a $200 Christmas bonus in 1986 because my department had made over $1m profit that year. I was totally shocked to get the bonus, but I shouldn't have worried, because it never happened again.

Of course I did get a travel mug in 2000 or so after 10 years with the same organization, and then there was the tabletop grill in 2005 after 15 years' service. I'm still using the grill, so I guess that's a bonus!
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Old 01-28-2015, 10:19 AM   #51
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We're another one of those "Pay for Performance" megacorps. Part of our total compensation is the year end incentive. Based on job grade, the starting factor is between 4-25% of base salary (I'm at the 20% target). That is then modified by an individual performance factor (ranging from .75x - 2.0x, with a 0 multiplier for the bottom) and a company performance factor (usually close to 1, but has ranged from 0.87 - 1.39 over the 20 years I've been here). Used to be paid out at the end of January, now it's done in the last paycheck of December.

Better than the really early days when managers were given a small budget and told they could subjectively decide how to distribute it among the team.
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Old 01-28-2015, 04:19 PM   #52
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Target bonus is 30% of annual base pay for me. But with good corporate and personal performance it can be somewhat higher. For 2014 it was nearly 34%. After sharing with Uncle Sam, the money went directly to Vanguard.


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Old 01-28-2015, 04:27 PM   #53
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0%.



Wait - no - 0% and a thank you for exceeding expectations.

Attaboy!


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Old 01-28-2015, 05:01 PM   #54
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I'm in Engineering/Construction my year end cash bonus was about 33%. Add in another 10% of company stock on top of that.

My company is an anomaly and I'm pretty sure no-one else pays out this well in our industry. Unfortunately our base pay is about 15% lower than the rest of the industry and we struggle attracting good talent. Nobody believes that their year end bonuses will be that high. At first I was skeptical as well.
I retired from the EPC industry, and most of the very large EPC firms pay substantial bonuses as part of their total comp package. I'm sure it's not on par with companies on wall street, law firms, silicon valley and the like but, our bonus structure was more generous than most of those described thus far in this thread. So, maybe my industry/company was more generous than I thought.
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varies
Old 01-28-2015, 07:44 PM   #55
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varies

it's all over the place; though, in almost every instance, its smaller than it used to be. more than half the companies I worked for had nothing, no options, no bonus........no turkey......glad to have a job, aren't you buster?

In the ones that did:

one company it was 8%, 4% cash, 4% into your 401k. nice. several years later cut in half, two more years......what bonus? you don't need no stink'n bonus; except, as we found out later, ours was given up for the big wigs, theirs doubled. I left.

one company was 6%, never paid more than 4%, even with record profits/margins for 5+ years.....the math was more than a little bit fuzzy, btw.

last company was 10%.....again, never paid more than 7-8%. fairly consistent and better than a sharp stick. seemed to be above board. Management was making 40-60% extra of their base. pretty standard today, I'd guess.
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Old 01-28-2015, 08:11 PM   #56
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Bonus?

I never got a bonus. Not once.
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Old 01-29-2015, 08:19 AM   #57
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This year my bonus was 28%. My wife's was 60% but she was severely underpaid compared to her male colleagues and they really want to keep her. We are both in finance.

Having worked for many years without any salary increases or bonuses in other industries, I do love the year end bonus but would take a bigger and guaranteed base over a variable and uncertain bonus anytime.
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Old 01-29-2015, 05:45 PM   #58
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I received a 15% bonus.
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Old 01-29-2015, 06:35 PM   #59
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Big 0 for me.... Actually got laid off in November as the company went into bankruptcy. But bonuses did not typically happen in my career... other than getting to work again the next year.

an other job found me... but I'll be leaving at the end of February.. ER
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Old 01-30-2015, 06:52 AM   #60
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The formula was based on your pay grade. For most engineers that was nominal 10% of base salary.
That percentage was then adjusted for
- personal performance
- division performance
- corporate performance.

Depending on your pay grade - the division/corporate ratio was shifted.
My megacorp employer has a similar system. Every position is assigned a max bonus amount (starting from 10% for entry level positions), with the target amount being half that. The biggest portion depends on company- and division performance, usually some combination of 3-4 EBITDA/Cashflow/Safety performance/Working Capital/Fixed Costs etc. targets.

The minor part is linked to individual goals agreed between manager and employee.

It is a system that allows employees to participate when the company had a good year, as well as reward good individual performance. I think it is fair, rewarding and motivating. As long as your manager gives you achievable targets, of course, but so far I have always been lucky in that respect.

In addition to that, I once unexpectedly got two weeks' pay as an extra reward for outstanding performance (and for working abroad on several weekends). That was nice, also because those awards must be approved by a VP, which means someone upstairs noticed I did a fine job.

2014 bonuses have not been paid out yet, but I hope to exceed my target level. The company made a decent profit last year, and I worked my ass off. I also hope to get a merit increase of my base pay.
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