RE: Bonus Structures

["Graap, Ken" <keg@xxxxxxxxxxxxxxxxxx>]

>You should'a seen the faces around the room when the
>branch manager announced that the team was sharing in the $500 bonus pool.

Our HR department gave my manager $1.00 McDonald gift certificates to hand
out when someone was doing "above and beyond" work. 

Needless to say, my manager didn't insult us by doing that! Instead he
sprung for several weekend packages at a resort hotel in the Columbia
Gorge... out of his own pocket, no less....

The McDonald certificates were a silly attempt at trying to provide an
incentive for working hard but all in all the company has been very fair
when it comes to adequate compensation packages. 

We have a couple of bonus opportunities each year. One is based on overall
company performance and the other is based on individual performance. We
worked hard and the company had a very good year. My cumulative bonuses were
over 10%... 

However, in order to keep and attract qualified technical staff our company
also makes sure that our base salary is very competitive. The ranges have a
lot of leeway built in... One recent change that was made in order to
attract mid-career technicians, was to start someone who has 10 years or
more in the field they are being hired for, at three weeks vacation a year
instead of the standard two weeks. Another example of being "fair" ... 

I've been here for 2 years now and have been very happy with my compensation
package.

The key is to treat staff fairly and honestly. Keep up with the industry
when it comes to salaries and provide meaningful bonuses when performance is
above what is expected.  

Kenneth

****************************************
Kenneth E. Graap
IBM Certified Specialist
AS/400 Professional
Network Administrator
NW Natural (Gas Services)
keg@nwnatural.com
Phone: 503-226-4211 x5537
FAX:    603-849-0591
****************************************

 

-----Original Message-----
From: Bale, Dan [mailto:DBale@lear.com]
Sent: Wednesday, June 14, 2000 9:13 AM
To: 'MIDRANGE-L@midrange.com'
Subject: RE: Bonus Structures

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