Friday, December 19, 2014
BONUS TO PAID EMPLOYEES
I sent an email to our Treasurer, Howard O'Brien asking for the Total sum of the bonus for our paid employees and what line this was coming from in the budget. My reply was This information is confidental and priviledged...I was not asking for individual names, just an expense amount for the bonus. Is it also a secret to know what officers voted for this bonus? I am sure if they felt they are doing the right thing they would be glad to say so. I will be at the next officers meeting...and will ask this same question..
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I am sure that if bonuses were paid to the paid employees it is consistent with what was paid to them last year and in years past. Being a past vice president you must have an idea taking into account inflation what was paid when you were on the executive board.
ReplyDeleteWe are still entitled to know what the total bonuses paid were without divulging the individuals to whom they were paid.
ReplyDeleteBut what kind of bonuses are they, are they meant to be motivational, were there performance goals, new skills learned, data on customer satisfaction. Or are they discretionary same old every year just for showing up! Why?
ReplyDeletere you talking bonuses or pay rate, cut or raise, for the year.
ReplyDeleteWithout any other info, I would regard them as year-end bonuses, the same as you would receive as an employee on any job.
ReplyDeleteNot 'any' job Ruth. I worked at least 5 different places that gave no bonuses (except maybe to VPs).
ReplyDeleteThe family MBA's agree (MA, WA, CT) hourly workers do not usually get bonuses unless it is written into their hiring contract letter.
Bonus...The amount has changed..Grace I am sure...but a bonus should be given because of an exceptional job that an employee is doing..I personally don't think all the officer were in agreement. two were not even there. From what I hear our President wasn't in fsvor.. Maybe that makes me wonder if indeed the bpnus should have been given to all our Part time employees? As Ruth said, any resident and member of UCO should be able to know the expenses we are paying for without giving personal information as to individuals.
ReplyDeleteelaine...bonuses may not be paid to all employees, but those that are, are considered income and taxable to the recipient.
ReplyDeleteBonuses are usually (but not always) given by for-profit companies. They are a reward to employees for the work they did that made that business profitable that year and vary by amount of profit and the roll that employee paid in creating profits. Non-profit organizations usually have annual salaried employees and MAY give a nominal Christmas thank you to their employees, although this is not the norm. Is UCO a for-profit business? On what basis is the bonus determined? These are fair questions from any condo owner, who is, in fact, paying those bonuses.
ReplyDeleteBonuses are usually given by employers of any company who want to give their employees a little extra at Christmas. It has nothing to do with a non profit or profit.
ReplyDeleteHi all,
ReplyDeleteTotal bonuses paid = $700.00!
Dave Israel
Apparently some of us have had different experiences with holiday bonuses. Here is mine, perhaps good for a chuckle.
ReplyDeleteThe company I worked for for many years at first gave Christmas bonuses. This was done more often in those days, and the company was smaller. A few years later they decided to factor the bonuses into one's regular pay raises and gave each employee a frozen turkey to take home at Christmastime. Most of the employees worked in our Boston office and commuted using public transportation. Juggling the turkey and some other packages, one of our employees lost her grip on the bag with the turkey in it, and away it went, sliding down the length of the aisle in the trolley car, already slippery from the snow on the ground tracked in by people. This was the main subject of conversation the next morning at work.
A year or two later, the whole turkey business was quietly stopped.