Page 4 of 4 FirstFirst ... 234
Results 61 to 62 of 62

Thread: Christmas/ Year End Bonus?

  1. #61
    Join Date
    Jan 2005
    Location
    FROG LEVEL
    Posts
    23,807

    Default

    I am SELF-EMPLOYED but I have a contract with my wife that I work for, Soooooooooo, Up to Her. Regardless, I like living in THE HOLE! People who have been here fully understand.
    Gettin old is for pussies! AND MY NEW TRUE people say like Capt. Tom >>>>>>>>>/
    "Wow, often imitated but never duplicated. No one can do it like the master. My hat is off to you DRDUCK!"

  2. #62
    Join Date
    Dec 2012
    Posts
    593

    Default

    At the end of the year we have the following protocol for profit disbursement:

    Priority 1 - Match all 401k contributions 50 cents to the dollar
    Priority 2 - Profit sharing distribution into 401k up to 8% of total compensation package
    Priority 3 - Discretionary bonus based on overall company performance

    We have been lucky and have been able to share profit at all levels over the past 5 years. Hopefully this will continue as long as possible.

    Not all of our people will voluntarily save/invest for their futures after work and it is very reassuring when they realize what has been done for them. We don't want anyone who has been working with us for 15+ years and have nothing to show for it.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •