Had a late night discussion within the senior management, on the principles of annual bonus.
In question were people who join between Jan – Mar every year and are not eligible for the annual appraisal or bonus, in April.
When they do go through the process the following year, should they be compensated for 12 months, or for 15 months (assuming they joined in January).
Market practice apparently suggests paying on a 12month basis. The clock resets every April.
Logic tells me paying on a 15 month basis. The individual has worked for that period.
Finally we decided to go with 15 months – it seemed logical and fair.
Fuck the market practice.
Do what’s right!
Hahaha. Most appropriate use of the “F…” word. Loved it-:)
So happy reading this!!
Faced exact same situation last month, and I am glad we chose to go with 15 months :)