2008 Bonuses

[whusurdadi]

Just curious - did anybody here get/give bonuses for exceeding expectations even in this economy?

 

[thekunk07]

i took 4 quarterly bonuses because the expectations i have of myself are very low.

 

[robin]

I was given underwater options.

 

[MetroStyles]

40% of salary...but compared to 72% for 2007, that sucks. Not complaining, though.

 

[bbaquiran]

Two months worth of salary as performance bonus (2008 was our best year ever), plus mandatory 13th month pay. This basically paid for my wedding in January.

 

[binge]

No bonuses, but I got a 5% salary increase.

 

[phreak]

one month bonus, 8%salary increase

 

[acidboy]

1-1/2 month bonus... and its all gone.

 

[gnatty8]

Yes, received bonus for 2008.

 

[constant struggle]

small bonus.

 

[Spatlese]

Originally Posted by gnatty8

Yes, received bonus for 2008.

Originally Posted by constant struggle

small bonus.

+1

 

[globetrotter]

I got screwed - essentially, I should have gotten a bonus but nobody else in my company qualified for one, so the board decided not to give anybody one. and it would have really made me come off like a **** to fight for mine, so i didn't. now I am trying to leverage that to get a bigger bonus for 2009

 

[Irond Will]

Small performance bonus, small profit-sharing and small raise.

Honestly, my company is massively profitable because it's a gummint contractor, but they're mindful of the fact that the labor market is soft and are accordingly cutting back on salaries and benefits.

 

[Douglas]

We had a great year in 2008 despite a bit of softening in Nov-Dec, so bonuses across the board reflected that. Unless people missed specific personal targets flagrantly, everyone achieved their full bonus potential. On top of that, our profit sharing, which comes in the form of discretionary 401k contributions, were flat with 2007, which was a record year. So it was a good year for everyone.

We are anticipating the Nov-Dec softness to really become a downturn in 2009, and thus far that has been borne out by a weak Jan-Feb. We have therefore frozen wages for the year, and any new hires need approval at the highest levels. Our corporate budgets reflect the same sobriety - we have pulled back the number of people attending certain trade shows, certain capital expenditures have been pulled out, and we're finding ways to get by on less.

 

[gomestar]

5% of salary. Balls!!!