The trend followed in most of the company is to distribute a fixed part of the employees' salary as bonus with a bunch of chocolates once an year. This is the bonus, more like a tip you give to a restaurent waiter.
Employee @ RXS expected that too, unfortunately, Diwali passed, X'mas passed, and New Year passed with no bonus.
I believe any money given as bonus is more of a charity spent, and why to give it to already earning employees. Bonus should be to award a performance, inspiring to achive more.
So, are we, a company giving nothing other than the salary?
No
The bonus we have is based on three factors:
1. Overtime Bonus,
2. Performace Bonus,
3. Company Growth Bonus.
Overtime bonus is:- Money you earn for doing overtime at the office. Everyone appreciate our system of having Bonus working days, on some holidays, people can still come and work to office and the attendence is counted toward their bonus.
Performance Bonus:- Money you earn for the marks one obtains in the performance review system.
Company Growth Bonus:- The growth RXS makes in that period of time.
This incentives are paid twice an year. Making us more attractive place to work at.
Not an incentive, but we celebrate every Employee's B'day :-)
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2 comments:
"... Where's my Diwali bonus, sir?" makes me think that you are anticipating a bonus for showing up and meeting the requirements of your job description.
Or that the company will have succeeeded in reaching goals, and all will share in this success.
Differentiate Yourself through Performance. Start looking for that something extra, a unique way to visibly shine. I'm not saying you should sign up for every random task, but keep an eye out for work that is important and bonus-worthy.
When you come to the end of the next quarter, recap your deliverables with your manager. Let them know that you love to make things happen, and are willing to do more.
This kind of track-record development will do one of two things: it will get you noticed inside your existing company (promotions, opportunities, bonuses), or it will make for an amazing list of accomplishments to take on your next interview.
Performance speaks volumes.
You are right. Employees should look forward to extending their profile to the extra bit to ensure a bonus or a pay increase. How to expect to get any career advancement while doing the same exact thing over and over?
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