Paging the Lahore fans

My bonus this year was a wonderful 3%.

However, my payrise was 11% so that made up for it.

 

That's thw way I'd rather have it TBH. Payrises influence pension,
etc.

By default our lot don't do cost of living payrises at all, and only do
rises based on performance.

 

I don't think they are, although I may be wrong. We are actually
split into two halves; the LLC which is what your lot owns half
of, and then the Research Cent[re/er] which remains the property
of His Holiness, but is under agreement to provide data to the
LLC. The waters get mudied because we all work under the same
roof, although I get paid by the LLC half.

 

<fx: fires up Citywire>

Hmm.

<fx: reads Citywire's news>

oops.

 

That reminds me, I must take my pension. It's 5% of my salary I'm
pissing away at the mo.

This was performance based. COL was on 4%.

 

we normally get good payrises and so-so bonuses. It was the other way
round this year.

If I were being cynical I might suppose that this is because
redundancy payments are based on a multiple of basic salary[1]

[1] we get 3/4 of a month's salary for each full year of service, tax-
free up to the first £30K - is this good?

 

Yep. Last time I looked into what was on offer at our place I think it
was 2wks per yr, + 1 month. (again tax free to 30k)

They only have to pay 1 week per year.

 

OK, I thought it sounded OK, but since I've never really been in the
position where I might have to take[1] redundancy before, I've not
previously looked into it and so have nothing to compare it to.

[1] I can't quite decide whether this would be good of bad - certainly
good in the short term, but the current job market is a little iffy.

 

Heh. Jumped or pushed?

 

Sounds about right - I got one month per year when I was
"made" redundant [1] a couple of years ago. It was a nice
little payout, especially as I walked into a much better job
a month later!

Are your lot going through "winterization" as well, or is
that just something that Stephan (Chicken Little) has made
up all by himself to justify capping our bonuses next year?

[1] rather than "offered" redundancy.

 

that's the ideal scenario, of course.

I think he's made that up.

We're having a re-org, with a general clearout of management
positions.

 

bound to be the former (see Citiwire's top Fund Manager list)

 

I did read that with some amusement! Sounds like a whole
load of bullshit to bolster his reputation. I did also
think that he's not actually got that much in terms of
funds under management, but his figures certainly look ok.

 

Not only do they only have to pay one week per year, they only have to
pay £330 per week if they want to.

 

Due there again in a fortnight. I'm still full up from yesterday.

 

Where does it stop being a 'very large' proportion, and therefore becom
acceptable? Just curious.

Surely that's the choice of those who wish to partake, where it's offered?

Or conversely, Antonye is being penalised. Fair remuneration of his work
is in fact 235% of his 'salary'

Why so? I am genuinely curious about this.

Surely that's a personal thing. Mine incentivises the hell out of me.
And it's nothing like as big as Antonye's. Yours was linked to a
worsening of conditions though, which cannot be a good thing.

The last two I have

SO it may be more that slightly personal, but again, most of those I
know are on bonus schemes feel the same as I do. Corporate culture?

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<flashback to December 2006>
When I said:
"Do you think that promoting such a massive, and ever-growing,
divergence between the haves and the have-nots is a sustainable strategy
in the long term?"

TBF though, so far, I see none of the contempt that was expressed at
that time, in this thread.

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It's okay: redundo is tax free so you're doing alright there. The
statutory requirement depends on age but it's roughly a week's pay per
year of service with the employer not obliged to pay any more than
about 300 quid as a week's pay.

 

You *could* argue that. You'd be wrong, but you could.

Our cleaners contribute to our profit in much the same way that our
electricity supplier do. By reducing it.

Probably, if they're anything like those in our building - because
they don't work for the same company.

 

It's way above the legal minimum but my crowd offer 4 weeks per full
year and others (in the past I think Ericsson offered 6).