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FairCheek6825 t1_j0et1t0 wrote

Now this is how you build a loyal hardworking employee base people!

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Snoo6435 t1_j0etul5 wrote

And it's not Four Seasons Total Landscaping

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Terp_Villain t1_j0ew7dk wrote

In the cannabis industry holiday “bonuses” are the companies laying off 75% of the staff they underpaid without ever providing health or dental benefits.

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Circlemadeeverything t1_j0fecrp wrote

How much are they making in landscaping for goodness sake? And I bet most of it is on the government’s tab in dc

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Sneed_is_king t1_j0fp1o9 wrote

Even a 1K bonus would be life-changing for me at this point, but I will never make that much.
Born into poverty, die in poverty for most of us.

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fsacb3 t1_j0g3wdk wrote

Cool but maybe pay them more throughout the year if they’re making that much money?

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Wonderful-Assist2077 t1_j0g9emx wrote

Replying to Mreverybody (#942,679)

Hard work is not worth it because most of the money you make with "hard" work is just future hospital bills. I work in a factory and my shoulder and back is all messed up from lifting and moving stuff and working on concrete is hell on my legs. The only reason I still work there is that they offer health insurance and it's close to my home 8 miles away. I am trying to look into something less physically demanding so I don't ruin my body by retirement age.

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dryancor t1_j0gdlyo wrote

I doubt the guy blowing the leaves got more than 1k

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googz187 t1_j0gftud wrote

I like this. Bonus’ are usually taxed higher.

Edit: thanks to everyone for clarifying.

−17

aBoyandHisVacuum t1_j0grsku wrote

Replying to Sneed_is_king (#942,842)

You have no idea whats ahead. So many incredible things could happen. You buy a small home on the side of a highway, boom truck flips over and lands on part of your property, company sends a check for 200k. Lifes weird, a Boeing engine jet part lands on your roof. Million dollar settlment. You open a tiny pizza spot and in 10 years your worth over a billion dollars. Or you make an honest living, have like 2 wonderful kids and you die happy, thats more then wealth could ever bring :) im getting off track but keep your head up.

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DFuel t1_j0i4zcy wrote

CEO identifies as an employee...

0

Keffpie t1_j0i5ydh wrote

Replying to fsacb3 (#943,490)

That sounds great, but only works in at-will, no-regulation states/countries. Everywhere else, that means expanding fixed costs because of probably short-term super-profits, which will eventually lead to companies going under as soon as the economy turns bad. Happened a lot in the 70s.

I'm not arguing against fair wages, far from it, but bonuses are a better way of dealing with windfall profits.

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aBoyandHisVacuum t1_j0i7yg7 wrote

Replying to GettingBetterDaily94 (#947,769)

Exactly! Its amazing! The truck story is based on my relative who has a beautiful lil house in california because an oil tanker spilled on some uncles property in the 80s on the east coast. 20 years later they got some huge check. Luckily all really good hard working people so cant hate

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Snip3 t1_j0i8md8 wrote

Replying to googz187 (#944,043)

This comment is getting some flak, and correctly because it's wrong, but I can kind of see how someone would think that as bonuses are only withheld at a 22% tax rate so people who receive large bonuses probably notice paying more (or receiving less) during tax season than they're used to.

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Renaissance_Slacker t1_j0i9xdl wrote

I remember two brothers (Indonesian IIRC) started their own company making computer memory and eventually sold it for $200 million. They split half the proceeds and awarded the other half to their employees based on years of service. They seemed baffled why anyone would do differently since it was the employees that made the company possible.

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Renaissance_Slacker t1_j0iabxp wrote

Replying to aBoyandHisVacuum (#944,834)

I had a co-worker years ago who bought an ice cream stand where two roads met in the boonies. Shortly thereafter he learned that all the surrounding land had been secretly bought up by a developer to build hundreds of executive homes - with his convenience store smack in the middle.

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ironinside t1_j0ibrc5 wrote

Replying to Sneed_is_king (#942,842)

Poverty sucks. The worst thing about it is the almighty limiting belief that there is no one way out.

Personally I failed at getting out of it for years, until I did, one sacrifice, and one step at a time.

In hindsight the most important thing was never giving up, and accepting early I was on a years long road.

But it can be done, if you have basic mental and physical ability. Just not quickly, and we all love “instant gratification.”

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HOLEPUNCHYOUREYELIDS t1_j0iumis wrote

Replying to Renaissance_Slacker (#947,914)

My work does profit share. 30% of net profits gets put into the pool. Title and contribution gains you more. A person who started as a delivery driver 4 years later is a project manager who took home $80,000 from their profit share alone.

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Keffpie t1_j0iwbf3 wrote

Replying to fsacb3 (#947,715)

Dude, this is some difficult shit. I own a business that is worth maybe $50m. Dividends per year for me are about $200k (profits are in the $2m range).

I am literally trying to make more of that go to my employees but it's not easy. Anything I do is apt to wreck the company. The best I can do is give them a really good Christmas bonus, and pledge (to myself) that if I ever sell the company, the employees will get half.

But that will literally mean me giving them a gift of whatever their portion of half is. If I do it any other way (like, officially) I'd break the company. I've seen it happen. Once people start thinking about future wealth, your culture gets fucked. And Culture beats strategy any day.

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fsacb3 t1_j0ix253 wrote

Replying to Keffpie (#949,403)

I’m way out of my depth here. You sound like a good person trying to do the right thing. I shouldn’t have commented since I have no clue what it’s like to own a business

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Keffpie t1_j0j57rs wrote

Replying to fsacb3 (#949,448)

Hey, I'm just using you as a springboard for my own frustrations at this point. I am literally a rich person unable to give money away. It's insane.

That said, what we've done is we pay everyone a more than fair wage (way above average for our sector), insane pensions scheme, and obviously we respect the parental leave laws in our country. We also give gratuities when we've done well.

We're not on the stock exchange, so we can't give options on shares, and the law makes it really advantageous to own more than 90% of your company.

We give the exact same bonus to everyone, regardless of salary. Who cares if the people in the warehouse therefore gets a higher percentage bonus; they probably need it more. We've toyed with the idea of bonuses being more formalized, but it always ends up with people expecting and even spending the bonus... and getting royally possed off if they then miss a milestone because one guy was sick or another was on paternal leave. Not worth it, ruins cohesion.

All in all, it's really hard to give people bonuses without wrecking your company.

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tnnrk t1_j0j7vhh wrote

Replying to FairCheek6825 (#941,562)

Or get people to quit. If the work sucks I’d imagine there’s a large population of people who would just take it and use it to do something else they wanna do career wise. I know I would. But if I loved landscaping or had zero other interests or job paths then yeah I’d stay.

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