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Message
re: Update: Christmas Bonuses
Posted on 12/1/18 at 9:57 am to CHiPs25
Posted on 12/1/18 at 9:57 am to CHiPs25
quote:
In a corporate setting, they would just give out a bonus and not tell anyone why they lost some of the bonus from the year before.
Quite the opposite. Larger corporations tend to follow a bonus formula which is based on performance targets. Whether individually or in group settings, it's usually communicated where the fiscal results stand vs. the targets and what the bonus will be.
The key is communication. And personally, as a business owner, I would establish some sort of formula based plan to determine bonuses, rather than just picking a dollar figure out of the air.
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