Christmas Bonus

[Kybosh]

I find Christmas in Calgary is all about who can complain the most about only earning $100+K/year.

I love the city, but a lot of the people here make me sick.

[Frank MetaMusil]

Year end bonus for me is in Feb, and mid year bonus in June. Nothing for Christmas.

[JBR]

Last year's bonus was an earfull from my boss for leaving at 4pm on Christmas Eve.

This year's bonus? He's no longer my boss!! Hoo-rah...

[cKy]

I get sweet F all. No one in my company (500ish employees) got anything.

[Komskies]

Originally Posted by cKy

I get sweet F all. No one in my company (500ish employees) got anything.

You guys have each other, and that's all that really matters!

[FlameOn]

I haven't ever gotten a Christmas bonus even at an engineering job. People dt at oil companies and law firms are so spoiled.

[Gundo]

I got a coffee mug and a card, the same mug and card combo my customers get. Wooooooooo

[cKy]

Originally Posted by Komskies

You guys have each other, and that's all that really matters!

We all dislike each other. I have never worked for a company as negative as this. It's quite amazing we don't have people offing themselves regularly.

[FlamesKickAss]

100 buck gift card and a year end bonus of 1000 bucks prior to tax which was about 740 after

[moncton golden flames]

Originally Posted by The Yen Man

Not to nitpick, but revenue doesn't mean profits. I'm not sure what business you're in so everything I'm saying is based on assumptions. But what if profit margins are 50%? Technically that means you make half of the profits you generate. Honestly, that sounds pretty generous.

all assumptions. out biggest expenses after wages are probably a large format printer, which ends up being paid for by the clients anyway, enmax and shaw bills. we might have $50,000 of overhead annually.

me and my co-worker figure that there is about $200,000 profit this year, and somehow the company is running paycheck to paycheck.

[Phanuthier]

Originally Posted by Drury18

What's this Christmas Bonus you speak of?

I've been in the workforce for 10 years and never seen one in my life.

Just wondering, for engineers that work oil/gas here do you guys get bonus's and how much?

I didn't get a christmas bonus, but I do get quarterly bonus's and our Q2 reports came out this week conveniently around Christmas. I also got 2 lunches from bosses of 2 groups I worked in this year, my boss is awsome.

[Cowperson]

I'm not really in a business where Christmas bonuses come along but I remember a long time ago one unhappy boss threatening to withhold my bonus of $25 and jug of Cologna Red wine.

My uncontrollable smirk didn't go over too well and I wasn't there too much longer after that in any event.

Cowperson

[puckluck]

I got a $5000 bonus and a 60" Sony LCD TV.

I'm self employed though.

[Ashartus]

Originally Posted by moncton golden flames

all assumptions. out biggest expenses after wages are probably a large format printer, which ends up being paid for by the clients anyway, enmax and shaw bills. we might have $50,000 of overhead annually.

me and my co-worker figure that there is about $200,000 profit this year, and somehow the company is running paycheck to paycheck.

There are probably a lot more expenses than that. Typically an employee costs about 2 to 3 times their salary once you include benefits (presuming you get them), vacation, office space, accounting/human resources time, etc., though it varies depending on what sort of benefits you get. In some businesses insurance can also be a huge cost. I don't know how your company is set up, but most companies have some employees that don't directly bring in money (e.g. administrative support), and their salaries have to come out of the money brought in by those who do. The company probably also needs to pay various external people like their accountant, lawyer, etc. which can add up. Edit - almost forgot one of the biggest, taxes.

25% does sound a bit low, but if the boss is only bringing in $100,000 then there may be a lot of other expenses you aren't aware of.

[JDub81]

This is the first year I have gotten a bonus - but it was called a year-end bonus, not a Christmas bonus. I don't think there's any difference though, as it still came before Christmas. Anyway - I knew I was getting something - but this was way bigger than I expected, so it was awesome!
I agree one shouldn't expect it, but now I know that if it goes down next year, I will be a little dissappointed.

[Reggie Dunlop]

One fellow I know went to his wife's office party. The "party" was a sales pitch for Multi Level Marketing (by the boss's wife) and the "bonus" was product samples.

[moncton golden flames]

Originally Posted by Ashartus

There are probably a lot more expenses than that. Typically an employee costs about 2 to 3 times their salary once you include benefits (presuming you get them), vacation, office space, accounting/human resources time, etc., though it varies depending on what sort of benefits you get. In some businesses insurance can also be a huge cost. I don't know how your company is set up, but most companies have some employees that don't directly bring in money (e.g. administrative support), and their salaries have to come out of the money brought in by those who do. The company probably also needs to pay various external people like their accountant, lawyer, etc. which can add up. Edit - almost forgot one of the biggest, taxes.

25% does sound a bit low, but if the boss is only bringing in $100,000 then there may be a lot of other expenses you aren't aware of.

we get no benefits. we pay for any blue cross plans out of our own pockets. office space is in a house, that has long been paid off. we have only 3 people in the company, including the boss. sure, taxes, accounting and lawyer have some cost to it. when the boss goes away, my co-worker does any invoicing and accounting, so we all know where the company expenses stand. we're somewhat baffled.

[Prototype]

I surf CalgaryPuck of a few hours on company time, and I get to keep my job. That's a bonus and a half.

[DownhillGoat]

Originally Posted by Reggie Dunlop

One fellow I know went to his wife's office party. The "party" was a sales pitch for Multi Level Marketing (by the boss's wife) and the "bonus" was product samples.

That's hilarious.

This year we got soft-shell jackets.

[Ashartus]

Originally Posted by moncton golden flames

we get no benefits. we pay for any blue cross plans out of our own pockets. office space is in a house, that has long been paid off. we have only 3 people in the company, including the boss. sure, taxes, accounting and lawyer have some cost to it. when the boss goes away, my co-worker does any invoicing and accounting, so we all know where the company expenses stand. we're somewhat baffled.

Ok, you may have a case then - 25% does seem awfully low under those circumstances.