Christmas Bonus

[amorak]

Our Xmas bonus is our yearly bonus as well - So it's not like O&G companies are throwing bonuses around all year.

[Rathji]

Originally Posted by amorak

Our Xmas bonus is our yearly bonus as well - So it's not like O&G companies are throwing bonuses around all year.

because a 10% bonus in February instead just wouldn't cut it!

[VladtheImpaler]

Originally Posted by troutman

We took our staff to Las Vegas earlier this year, in lieu of a Xmas bonus.

Awesome - I can just see saying to my assistant "I'm taking you to Vegas for 3 nights as your X-Mas bonus! We'll go see Tom Jones, and Comedy Central. What? No, no - same room. "

[Bertuzzied]

Does a week off without having to use vacation count as a bonus? Otherwise we get this cheap ass pewter xmas ornament. hahahahahahahahahahahaha. Every year they hand me one and then i toss it in the garbage 10 seconds later.

[Ozy_Flame]

I'm surprised bonuses are being given out this year.

I went the other way. I not only didn't get a bonus, but I also reduced my variable compensation to get a more steady income. We're not out of the woods yet in this recession.

[Imported_Aussie]

when you work in a public sector, unionized workplace, a bonus is getting xmas eve off without using a vacation day...

[amorak]

Originally Posted by Imported_Aussie

when you work in a public sector, unionized workplace, a bonus is getting xmas eve off without using a vacation day...

When you work in the private sector, you don't use up all your vacation days because you have important work to do.

[DownhillGoat]

Originally Posted by Table 5

If you're getting paid via direct deposit, I could totally see how that scenario plays out. Unless you live paycheque to paycheque, I doubt one weeks salary is that noticeable to a lot of people.

Not a chance. Don't live paycheque to paycheque, but I match my pay stub to my direct deposit, then to my hours worked every payday. I've seen too many 'computer errors' miss a stat or OT before. Doesn't matter I'm shorted $10 or $1,000, I put in the hours, I'll make sure I take the cash thank you.

Originally Posted by dissentowner

My christmas Bonus was at the beginning of the month they let me go 1 day before my 3 month mark. Merry Christmas to me.

Sorry to hear.

[V]

Originally Posted by Bring_Back_Shantz

Okay, the most the government would take, based on income tax rates in Alberta would be 29% federally, and 10% provincially.

But for them to be taking that 39% (less than half I might add), you'd be making over 127k (Before the bonus).

So if the government really is taking "Almost half" and that's causing you to troubles getting enough food, then maybe you should lay off the caviar.

Jokes aside,i f you make less than $82k which, considering you're complaining about eating, I'm guessing is the case, then you're only paying 32% which is quite a bit less than half.

But we all pay taxes man, why should a bonus be any different?

I think the problem is that we have so much more tax taken off than normal. The way I think it works is that the government looks at my bonus, extrapolates the value over 26 pay periods and assumes that's my yearly salary and then taxes me based on that amount, which of course puts me at 39%. Plus my bonus comes in Feb, so I get to pay CPP and EI on it too. So it's pretty close to 50% for me. And then I have to wait an entire year to get that overpayment back. Interest free.

[TylerSVT]

Originally Posted by Reaper

Reading
Is
Fundamental

He said 2000 in one week. $108K per year isn't outside the realm of possibility.

Also, in what universe are there 57 weeks in a year?

Derp, i did that last night while i was writing a paper. Hit a 5 instead of a 4.

[onetwo_threefour]

Originally Posted by Reaper

Reading
Is
Fundamental

He said 2000 in one week. $108K per year isn't outside the realm of possibility.

Also, in what universe are there 57 weeks in a year?

In what universe are there 54 weeks in the year?

[FlamesKickAss]

Originally Posted by nickerjones

Ugh , I hate giving bonuses. I work for a family business and I am in the family. My last name may or may not be Corleone. Our guys got bonuses but they always complain that its not enough. They got 1k each in cash and then we took them to a nice lunch. Then we bought gifts ranging from Lcd Tvs to Xbox360 to Blu-ray players and designated each a number. Then had the guys draw a number. Whatever number they got they got the gift that was designated for that number. Some of them still complained.. geesh

i'll come work for you and not complain!!

[Phanuthier]

Originally Posted by Bertuzzied

Does a week off without having to use vacation count as a bonus? Otherwise we get this cheap ass pewter xmas ornament. hahahahahahahahahahahaha. Every year they hand me one and then i toss it in the garbage 10 seconds later.

Yeah I have 2 week company shutdown (unpaid), and with 3 weeks vacation and a few more exteded company shutdown (unpaid) in addition to the 11 stat holidays, I get like 5.5 weeks of vacation a year. Granted half of it is unpaid, but I'd rather take less money and more vacation days.

Downside is I hear Q4, I'm going to be working 14 hour days. I've only worked through Q1 and Q2 and both quarters were a little slow.

[DownhillGoat]

Originally Posted by onetwo_threefour

In what universe are there 54 weeks in the year?

He hit the 5 instead of the 4, so it would have actuallty been 47 weeks...

[FlamesKickAss]

Originally Posted by onetwo_threefour

In what universe are there 54 weeks in the year?

or 47?

[onetwo_threefour]

^^
Not to be picky but Reaper was the one correcting TylerSVT not me. I was saying that Reaper's number of $108,000 suggests a 54 week year, as $2,000 X 52 = $104,000. So in correcting TylerSVT Reaper made an equally silly mistake. Has nothing to do with 57 vs. 47. (Which as FKA pointed out is still silly unless Tyler has 5 unpaid weeks off each year)

Anyway, back on topic...

Today is the last day bossman's in the office before the holiday, so I'm waiting to see...

[FlamesKickAss]

^^ your bonus is the bossman is gone for 3 days before christmas!!