Raises and bonuses?

[EarleyBird]

I'm self-employed and just went up about 12.5% on 1 Jan. First rate increase in just over two years and was definitely needed.

[Slew]

My bonus was a tin of candied pecans!

[DaveC]

My bonus was a tin of candied pecans!

I sure like me some of those, but fond of cabbage too....


Candied Cabbage, now there's a thought

[dosrobles]

Ours is based on yearly salary.

I guess I’m not as good a boss as I thought. There is a lot that goes into that formula though. Our guys get company vehicles and commissions if they are in sales. If we give a raise it’s at least 5%. I sometimes feel like 3% is almost an insult after Uncle Sugar gets his hands on it. We pay 100% of the insurance cost for employees and they can add the fam for the difference. We are a pretty small company. Our bonuses are performance based. If you get a $500.00 Christmas bonus you are probably on my radar. We try to make them at least 3-5 k

[rjet]

I guess I’m not as good a boss as I thought. There is a lot that goes into that formula though. Our guys get company vehicles and commissions if they are in sales. If we give a raise it’s at least 5%. I sometimes feel like 3% is almost an insult after Uncle Sugar gets his hands on it. We pay 100% of the insurance cost for employees and they can add the fam for the difference. We are a pretty small company. Our bonuses are performance based. If you get a $500.00 Christmas bonus you are probably on my radar. We try to make them at least 3-5 k

What you offer sounds pretty dang good to me. I dont think bonuses in general are the norm.

[ram04]

When y’all talk about 25-50-80% bonus is that of yearly or of monthly salary? I feel like we are pretty good to our people but if y’all get a bonus that is double digit % of your annual salary I am going to have to quit patting myself on the back.

Mine is 20% of my yearly salary. Then depending on scorecard we get 80% or 90% or 100% of that 20%.

[RR 314]

Man, I haven't had a raise or a bonus in fifteen years or so. My boss sucks.

[dosrobles]

Mine is 20% of my yearly salary. Then depending on scorecard we get 80% or 90% or 100% of that 20%.

At 100% that would be significantly more than 10k for my guys. I have done 4 times that in extreme situations and I have done as little as 5% of that for good people that just had a bad year

[TeamAmerica]

My bonus was a tin of candied pecans!

Jelly of the Month was sold out!

[Matt_C]

I guess I’m not as good a boss as I thought. There is a lot that goes into that formula though. Our guys get company vehicles and commissions if they are in sales. If we give a raise it’s at least 5%. I sometimes feel like 3% is almost an insult after Uncle Sugar gets his hands on it. We pay 100% of the insurance cost for employees and they can add the fam for the difference. We are a pretty small company. Our bonuses are performance based. If you get a $500.00 Christmas bonus you are probably on my radar. We try to make them at least 3-5 k

I would say you're pretty good. Better than what I got.

[jaime1982]

I like bonuses and raises!

[CoolHandLuke]

After reading thru all the post it seems the smaller/midsize companies are better with raises and bonuses. Of course, they have to be earned...

I left one of the largest food mfg companies in the world for that reason. 5 years of double digit growth and 1 1.5% raise. Bonuses were worse... how many times can the companies move the goalposts and no one ever knew how to score for the bonuses.

[PlanoDano]

Man, I haven't had a raise or a bonus in fifteen years or so. My boss sucks.

Are you self employed? Your boss is holding on to the profits.

[Avid Hunter]

I work for the worlds largest mining company. I'm part of their Offshore Petroleum division.
Raises normally 3-5 % though sometimes higher.

Bonus is 15%-20% annual pay. Has been for last 10 years.

[Deuce16]

I’m very blessed as we just got word we get 130% of our 25% yearly bonus, plus a Qrtly retention bonus!