Bonus witheld

Gavin83

Exodi wrote: »

from an employers perspective bonuses are just tools to encourage/retain staff

And they have, they've retained you until the bonus was paid. Had they not offered bonuses it's likely they'd have lost the employee sooner.

I'd also say as an employee you're entitled to a bonus based on profits too. After all, either directly or indirectly you've still put in the work to help earn those profits.

JessicaLeLapin

It does state that any bonus is discretionary and at the decision of the directors. Am I entitled an explanation at to what has led them to make this decision? It is only a small amount of money, (which I have worked bloody hard for!), but it is more about the principle of it all

Takeaway_Addict

JessicaLeLapin wrote: »

It does state that any bonus is discretionary and at the decision of the directors. Am I entitled an explanation at to what has led them to make this decision? It is only a small amount of money, (which I have worked bloody hard for!), but it is more about the principle of it all

No.......................

marcarm

It would be a very rare company that pays a bonus, no matter when earned, to an employee working their notice.

The day after the bonus is paid must be the most common one for notices being handed in.

ratechaser

JessicaLeLapin wrote: »

It does state that any bonus is discretionary and at the decision of the directors. Am I entitled an explanation at to what has led them to make this decision? It is only a small amount of money, (which I have worked bloody hard for!), but it is more about the principle of it all

Well I work in an industry where the bonuses tend to be... somewhat larger... you can work bloody hard for them too and even get told exactly how much they will be... but if you were to hand your notice in even the day before they were due to be paid, that's it, you'd get zilch. And if you were to ask for an explanation, you'd be told it was because you were a muppet

That's the way of discretionary bonuses I'm afraid, play the game their way or lose it. At least it was only a small amount in your case, you'll have to move on.

John_G_Jones

Gavin83 wrote: »

And they have, they've retained you until the bonus was paid. Had they not offered bonuses it's likely they'd have lost the employee sooner.

I'd also say as an employee you're entitled to a bonus based on profits too. After all, either directly or indirectly you've still put in the work to help earn those profits.

Your first point doesn’t follow from your second. Profits accrue to shareholders and the state, it’s wages that I think you’re thinking of, that’s what a worker normally gets for contributing to profits.

Gavin83

John_G_Jones wrote: »

Your first point doesn’t follow from your second. Profits accrue to shareholders and the state, it’s wages that I think you’re thinking of, that’s what a worker normally gets for contributing to profits.

I really don't understand what you're suggesting and I think you've missed the point. Of course employees aren't automatically entitled to the profits of the business but I never said they were and that wasn't the discussion we were having.

Exodi was talking about companies that give their staff a bonus based on the performance of the company (so how much profit they've made) which is far from unusual. So in this case yes, an employee gets paid for contributing towards those profits. Maybe not as an individual but certainly as an element of the company.

In this situation, even if you leave I think you're still entitled to that bonus. You are of course free to disagree with me, it's nothing more than an opinion.

Pension_Geek

If I thought I was going to get a bonus, and was also leaving a company, I'd either forgo the bonus if i really wanted the job, or wait until the bonus was paid to me and leave.

TELLIT01

Gavin83 wrote: »

In this situation, even if you leave I think you're still entitled to that bonus. You are of course free to disagree with me, it's nothing more than an opinion.

Anywhere I worked which had a bonus scheme, you had to still be employed by the company on the date the payment became due. Leave just one day before that and there was no entitlement to any part of the bonus.

DCFC79

TELLIT01 wrote: »

Anywhere I worked which had a bonus scheme, you had to still be employed by the company on the date the payment became due. Leave just one day before that and there was no entitlement to any part of the bonus.

Yes I think that's similar for me.