Quote:
Originally Posted by aerovette
This is why I prefer the system I am on. My salary has barely changed and if someone were to do the math on my base, they'd wonder why I am a happy employee. It's in the bonuses. I prefer it that way. If you get money added to your paycheck, it just gets absorbed in to daily life and pretty soon it's like you never got it at all.
I used this example at one place I worked. I told my boss that if he gave each employee a $200.00 a year raise, he'd piss them off... BUT, if Christmas came and he handed each employee a crisp $100.00 bill, they'd be grateful...and he'd spend half as much.
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Problem with the system you are on is called bonus. With our merit raise system they also threw in monthly/quarterly bonuses. Well guess what happens when a panic hits. What is one of the first things to go to save cash. TaDa, bonus. You rely on someone deciding if they should give you 3K or 5K or nothing. About what our Incentive compensation does, a big game of juggle the numbers to get what the big dogs want and then release the payment. One of our "Incentive" base points is diversity and inclusion based off of how much of a percentage of women are in higher job bands.
If I had the choice of a bonus or a higher pay raise, the higher pay raise it would be. Being on a pension plan still, it adds to the overall value of total compensation.