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Unless this is a PR stunt. (Original Post) mahatmakanejeeves Dec 2017 OP
Att is laying people off. But great point about the bonus JI7 Dec 2017 #1
It is PR and a wage freeze. Yonnie3 Dec 2017 #2
Bonuses are a 1 time expense to the company MiniMe Dec 2017 #9
waiting for the hiring spree... TalenaGor Dec 2017 #3
I wouldn't hold my breath paleotn Dec 2017 #4
My union gives its retirees a 13th check for Christmas IMnotU Dec 2017 #5
When I worked for a big corp in Atlanta in the 1970s, we got a ham or a turkey. japple Dec 2017 #6
AT&T/Direct TV Mr.Bill Dec 2017 #7
I live in Wells Fargo land ( The west coast) Tavarious Jackson Dec 2017 #8

Yonnie3

(17,485 posts)
2. It is PR and a wage freeze.
Mon Dec 25, 2017, 04:29 PM
Dec 2017

Bonuses are cheap for a company if they handle them as I have experienced. A big check can make for good press and for a happy employee, but it is not necessarily a good thing for an employee.

I worked at a large corporation where a bonus did not accrue towards any benefit. The most notable would be pension, disability pay, payment for leave and most importantly severance payment.

Some liked the bonus, even when it was pointed out that with no raise it was a salary freeze for next year. These individuals were the ones who never seemed to be able to save.

Every time they handed out bonuses, layoffs occurred within six months. The management told us how great we were being treated and we worried. I got a bonus in May and was gone in August.

Thirty years later, I calculate that those bonuses would have added about 8% to my pension. In seven years they have already saved more than the total amount of my three bonuses.

MiniMe

(21,718 posts)
9. Bonuses are a 1 time expense to the company
Mon Dec 25, 2017, 07:57 PM
Dec 2017

Raises keep going, year after year. Which imho is a good thing, but a company may not thing it is a good thing

 

IMnotU

(52 posts)
5. My union gives its retirees a 13th check for Christmas
Mon Dec 25, 2017, 06:26 PM
Dec 2017

all retirees get the same amount (this year $2000). We used to get a percentage increase in our pension checks every year but we were told this was fairer to those who received a lesser pension (worked fewer years). It also saves our pension fund money because there is no cumulative carry over year after year. Most of our members seem to enjoy the yearly shot of money rather then getting it in small increments.

japple

(9,841 posts)
6. When I worked for a big corp in Atlanta in the 1970s, we got a ham or a turkey.
Mon Dec 25, 2017, 06:41 PM
Dec 2017

When I worked for the state in NC, we didn't get a bonus. Sometimes we got a small COLA the following year. When I worked for the 7th day health group, my biggest raise was 13 cents per hour and we always got a giftcard from walmart for (based on years of service) $5, $10, and up to a whole whopping $25.00.

Mr.Bill

(24,330 posts)
7. AT&T/Direct TV
Mon Dec 25, 2017, 06:42 PM
Dec 2017

also just raised their rates. Not much, but I'm sure more than enough to cover this bonus. And like the tax cuts, the rate raise is permanent.

 

Tavarious Jackson

(1,595 posts)
8. I live in Wells Fargo land ( The west coast)
Mon Dec 25, 2017, 07:01 PM
Dec 2017

$15.00 min wage is already in the making. Oregon and WA. I don't know anyone right now living in Portland OR who makes less than 13.50. Not even dishwashers. Pay here is already above min.. mostly voluntarily.

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