I quite simply think a bonus should be paid when someone reaches a target or does something outstanding and deserves additional recognition. A bonus is not a right it is a reward for a job well done or a target met.
Why we all expect a bonus is beyond me. You go to do a job and one would hope you did it to the best of your ability. If the boss thinks for one reason and another you are worth an additional financial reward. That is a bonus and should be appreciated but it shouldn't be expected.
Why we all expect a bonus is beyond me. You go to do a job and one would hope you did it to the best of your ability. If the boss thinks for one reason and another you are worth an additional financial reward. That is a bonus and should be appreciated but it shouldn't be expected.
The recipient of that bonus will know if they have really deserved it and have a choice of saying this bonus is best placed else where
With reference to the banking saga there are two issues.
a) If the banker achieved her/his set targets as set down in their current contract. Rightly or morally wrong they should be paid their bonus what they do with it then is their business. That must come under Employment Law, there is no getting out of it.
b) It is not the Bankers fault! Those who drew up their current contract, also agreed /missed or overlooked the current bonus scheme are to blame.
So the ball is in the court of the HR and Legal departments. If the bloke did enough to meet his targets as per his contract, no one has the right to with hold it from him.
I can remember my own first bonus, it was totally unexpected, It was appreciated and a total surprise in a pay check. £300.00 I wasn't set goals or targets my CEO of the time just thought I had done something worth a little extra and rewarded me for it.
That is the difference a bonus wasn't expected but it was given and it was all those years ago just that A BONUS I have never expected it since and as far as I was concerned a 1 off.
I can remember my own first bonus, it was totally unexpected, It was appreciated and a total surprise in a pay check. £300.00 I wasn't set goals or targets my CEO of the time just thought I had done something worth a little extra and rewarded me for it.
That is the difference a bonus wasn't expected but it was given and it was all those years ago just that A BONUS I have never expected it since and as far as I was concerned a 1 off.