We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
John Lewis shines again
Comments
-
I prefer staff bonuses to reflect the contribution that has been made towards profit.
Where's the incentive for really good staff if others get the same bonus just for being there?0 -
Is it a 17% rise or 17% bonus?
I've just joined a company with the same structure and really excited!0 -
I prefer staff bonuses to reflect the contribution that has been made towards profit.
Where's the incentive for really good staff if others get the same bonus just for being there?
I know hat you mean but bonus division can lead to divisons in team work, morale and customer service however you try and focus/target the reward structure. If you want to drive hard sell rewards perhaps at the expense of "scruples".
If they are being well managed an motivated there is no reason you shouldn't get a team contribution."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
I prefer staff bonuses to reflect the contribution that has been made towards profit.
Where's the incentive for really good staff if others get the same bonus just for being there?
Whilst I can see your point, I've also never seened a sullen unmotivated staff member at waitrose or JL, yet other supermarkets and department shops are often full of them so I think the proof is in the pudding!0 -
Is it a 17% rise or 17% bonus?
I've just joined a company with the same structure and really excited!
Bonus and there is a qualifying period before they are eligble."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
angrypirate wrote: »Its quite simply a partnership. Its a company owned by its employees.
That's not quite accurate. Ownership of John Lewis is vested in a trust for the benefit of its employees. It is not owned by its employees. The distinction is important - years ago, when demutualisation was all the rage, some JL employees wanted to 'cash in' their shares in the same way as the owners of sundry building societies had managed to. It was politely pointed out that JL wasn't theirs to sell; it belonged to the trust.angrypirate wrote: »There are a number of other companies following this model and they are doing well too. Employees feel a sense of ownership, empowerment and they have the knowledge that if they perform well, they get rewarded.
In order to follow the JL model, you need a business owned by a proprietor such as John Spedan Lewis, who is of a mind to give their business away to their employees. For the obvious reasons, you don't come across people like that very often.0 -
Whilst I can see your point, I've also never seened a sullen unmotivated staff member at waitrose or JL, yet other supermarkets and department shops are often full of them so I think the proof is in the pudding!
I worked somewhere where there was an annual bonus announced by the management that was a % of pay for all staff.
I worked 6 - 7 days week (some overtime/ some without pay), worked Christmas Days, never took any sick time and went well beyond the 'extra mile'.
Having made more than my fair share of a contribution to the bonus pot I became somewhat sullen when I realised that lazy unmotivated colleagues who took the maximum number of sick days, turned up late and then proceeded to be unproductive got the same % bonus as me.
I left. I'm not knocking JL - maybe they are better at weeding out the shirkers than my former employers.0 -
I worked somewhere where there was an annual bonus announced by the management that was a % of pay for all staff.
I worked 6 - 7 days week (some overtime/ some without pay), worked Christmas Days, never took any sick time and went well beyond the 'extra mile'.
Having made more than my fair share of a contribution to the bonus pot I became somewhat sullen when I realised that lazy unmotivated colleagues who took the maximum number of sick days, turned up late and then proceeded to be unproductive got the same % bonus as me.
I left. I'm not knocking JL - maybe they are better at weeding out the shirkers than my former employers.
I have worked in area with variable bonuses. travelled 5k miles a month, living away from home, putting in 18 hours a day and still received a worse bonus than a colleague, similar pay and rations, who had a largely desk bound and work from home role due to "illness". Not always what you do but who you know and how you sell yourself."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »I have worked in area with variable bonuses. travelled 5k miles a month, living away from home, putting in 18 hours a day and still received a worse bonus than a colleague, similar pay and rations, who had a largely desk bound and work from home role due to "illness". Not always what you do but who you know and how you sell yourself.
Sometimes there's no choice but to leave - I doubled my income within 3 years of leaving and realised I'd been under selling myself for the best part of a decade.0 -
That's not quite accurate. Ownership of John Lewis is vested in a trust for the benefit of its employees. It is not owned by its employees.
That probably answers my next question. On the basis taht shareholders take the hit if losses are made would the "partners" be hit in some way? No bonus for that year and future years until good profitability resumes?
Don't suppose they have ever lost money so probably academic.
they also have staff residences for holidays at reduced rates too I believe. One used to be in the Lake District , another on Brownsea Island Pool and one somewhere down south I think."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards