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  #61  
Old 26.12.2010, 16:12
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Re: 2010 bonus

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5% is a tip, not a bonus

a 13th salary is - if you are taxed at source - a malus because you pay more tax than when having your yearly salary split in 12
that's exactly what i was thinking

what's the difference about taxation? isn't it the annual gross income that is being taxed? then it shouldn't matter if it's paid 12 or 13 times a year
in my case i was being withheld a fixed amount every month and in Dec i was taxed based on actual annual income
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  #62  
Old 26.12.2010, 16:12
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Re: 2010 bonus

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Orthodox Christians don't celebrate the birth of their Saviour ?
It's celebrated on the 7th of January.

The Orthodox churches of Jerusalem, Russia, Serbia, the Republic of Macedonia, Georgia, Poland and the Greek Old Calendarists did not accept the Revised Julian calendar, and continue to celebrate Christmas on 25 December in the Julian calendar, which is 7 January in the Gregorian calendar until 2100.
From here http://en.wikipedia.org/wiki/Gregori...hodox_Churches

Last edited by Duncheg; 26.12.2010 at 16:24.
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  #63  
Old 26.12.2010, 16:24
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Re: 2010 bonus

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OP is from an "Orthodox" country and doesn't celebrate Christmas, but has no problem bitching about her crappy Xmas present:

Christmas presents at work

Strangely enough, that another thread didn't attact all the miserable people on this forum
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  #64  
Old 26.12.2010, 16:27
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Re: 2010 bonus

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that makes sense.. does your potato chip with caviar has anything to do with it?
Yes.

(too short)
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  #65  
Old 26.12.2010, 17:04
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Re: 2010 bonus

By the way, a bonus written into your contract is nothing of the sort.

It is, in essence, an interest free loan to your company from you, taken out of what would have been your normal full salary, invested in the company, and repaid in the form of profit.

So if your company promises you 10% and delivers 5%, then the company is telling you that "sorry, times are hard, we cannot repay you what we borrowed from you, but hopefully you won't notice. Cheerio".

A 13th salary is also pretty much the same thing. An interest free loan to your employer. Whether your salary is split into 12 parts or 500 parts makes no real difference. What is important is the total amount you expect to get through the course of a year.

A real bonus is something that is not written into your contract, and is something that is in addition to what you are contractually promised. If this was not the case with you, then I would keep quiet.

But I doubt you will.
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  #66  
Old 26.12.2010, 17:10
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Re: 2010 bonus

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It's celebrated on the 7th of January.

The Orthodox churches of Jerusalem, Russia, Serbia, the Republic of Macedonia, Georgia, Poland and the Greek Old Calendarists did not accept the Revised Julian calendar, and continue to celebrate Christmas on 25 December in the Julian calendar, which is 7 January in the Gregorian calendar until 2100.
From here http://en.wikipedia.org/wiki/Gregori...hodox_Churches
So the only difference from the "Catholic" Christmas you describe is time of year ?

Seems to a lot of people here that you've much to be thankful for - especially coming from an "Orthodox" land.
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  #67  
Old 26.12.2010, 17:11
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Re: 2010 bonus

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By the way, a bonus written into your contract is nothing of the sort.

It is, in essence, an interest free loan to your company from you, taken out of what would have been your normal full salary, invested in the company, and repaid in the form of profit.
I disagree.....if you are told at the beginning of the year.....if you achieve A, B and C, we will pay you 10, 20, 30% extra.....then it is a contractual obligation to have a bonus structure, its then up to you whether or not you get it or not, isn't it?
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  #68  
Old 26.12.2010, 17:34
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Re: 2010 bonus

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that's exactly what i was thinking

what's the difference about taxation? isn't it the annual gross income that is being taxed? then it shouldn't matter if it's paid 12 or 13 times a year
in my case i was being withheld a fixed amount every month and in Dec i was taxed based on actual annual income
If you're quellensteuer'd (PAYE) on a monthly basis then you're taxed at the end of the month based on annual tax bands
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  #69  
Old 26.12.2010, 17:37
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Re: 2010 bonus

It depends upon how you look at it. The maximum "bonus" offered is what you should expect to get. The rest is essentially the company telling you that we are going to withhold 5%, 10% whatever percent from your salary if we do not feel you have worked hard enough.

The non-"bonus" part of the salary is what the base level the company gives for you turning up and doing the minimum. It is not the real salary.
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  #70  
Old 26.12.2010, 17:45
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Re: 2010 bonus

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The maximum "bonus" offered is what you should expect to get. The rest is essentially the company telling you that we are going to withhold 5%, 10% whatever percent from your salary if we do not feel you have worked hard enough.
What if there is no maximum bonus? Many companies (like mine) tell you what is the "target" bonus that if you as an individual meet all your objectives (based on results, not based on whether you have or have not "worked hard enough") AND the company meets all its targets - that you will get. If you and the company do better, you get more. If neither you nor the company acheive....you get either something a lot less or nothing at all.

Where I disagree with you is that bonus is connected to effort....its usually connected to results
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  #71  
Old 26.12.2010, 17:51
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Re: 2010 bonus

And how to companies measure effort? By results.
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  #72  
Old 26.12.2010, 18:21
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Re: 2010 bonus

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And how to companies measure effort? By results.
Lets agree to disagree - I suspect that you are talking more from theory than practice.
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  #73  
Old 26.12.2010, 18:26
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Re: 2010 bonus

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Lets agree to disagree - I suspect that you are talking more from theory than practice.
I have no problem with that.
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  #74  
Old 26.12.2010, 20:01
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Re: 2010 bonus

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What if there is no maximum bonus? Many companies (like mine) tell you what is the "target" bonus that if you as an individual meet all your objectives (based on results, not based on whether you have or have not "worked hard enough") AND the company meets all its targets - that you will get. If you and the company do better, you get more. If neither you nor the company acheive....you get either something a lot less or nothing at all.

Where I disagree with you is that bonus is connected to effort....its usually connected to results
Bonus policy at companies that pay actual bonuses, i.e. banks, are usually dependant on:

1. Company result
2. Division result
3. Group / team result
4. Individual result / performance / effort

There are plenty of front and middle office jobs where there is no direct and measurable "result", as there is in trading or sales. Either people's efforts take longer to show results, or the result of their efforts is only visible when looking at other team / division member's results...

As such, bonuses numbers are often arrived at (and fought for) by team leaders, who are best equipped to judge results based on effort.
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  #75  
Old 12.01.2011, 15:17
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Re: 2010 bonus

I got about 800 euros, my salary is about 1100 euros as a PhD student in Germany. So it is quite Ok. happy for that!
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  #76  
Old 12.01.2011, 16:07
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Re: 2010 bonus

WOW I just got through 3 pages of National Lampoon's Christmas Holiday
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