tag:blogger.com,1999:blog-32202893.post2223422370908469053..comments2023-10-18T08:32:17.510-07:00Comments on Kevin Hillstrom: MineThatData: Earning A BonusUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-32202893.post-82651001335738903392007-10-08T19:03:00.000-07:002007-10-08T19:03:00.000-07:00Our compensation folks weren't too excited about d...Our compensation folks weren't too excited about doing anything to help folks. We were finally able to get a few folks marginal increases (i.e. 1-3%).<BR/><BR/>But for the most part, we just took something away from employees, and then had to deal with the frustration they felt.MineThatDatahttps://www.blogger.com/profile/14014200122021988374noreply@blogger.comtag:blogger.com,1999:blog-32202893.post-6127303034416223862007-10-08T07:14:00.000-07:002007-10-08T07:14:00.000-07:00Kevin-Your first question- yes, entry level employ...Kevin-<BR/>Your first question- yes, entry level employees should receive a bonus structure. As they get promoted and grow with the company they should be able to move into a higher bonus bracket. It's a great way to tie individual performance to company performance. I know it makes me play close attention to our strategic initiatives and contribute to the best of my abilities.<BR/><BR/>Regarding your second question, that's a tough one. If the bonus structure is gone for good then I would look at restructuring merit incentives. You have to let the employee know that if they work hard/smart then he/she will be rewarded.<BR/><BR/>-EricAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-32202893.post-67885032496604205152007-10-05T21:34:00.000-07:002007-10-05T21:34:00.000-07:00Those are good ideas ... we did explore stuff like...Those are good ideas ... we did explore stuff like that, our compensation folks were really against (1) as they felt it would put the bonus folks at a disadvantage compared with other employees.<BR/><BR/>I, of course, argued to let everybody be bonus eligible.uMineThatDatahttps://www.blogger.com/profile/14014200122021988374noreply@blogger.comtag:blogger.com,1999:blog-32202893.post-49592122704960993682007-10-05T16:10:00.000-07:002007-10-05T16:10:00.000-07:00First: Not sure, but I think yes, as the reasoning...First: Not sure, but I think yes, as the reasoning you supplied is sound.<BR/><BR/>Second: Seek the employees' input and offer some options (that can be supported by the business). Some possibilities could include: 1) A raise equal to some percentage of the employees average bonus for the previous X years. 2) If there is an organized review schedule for promotion, the employees review date could be moved up. 3) Priority on transfer to some other division.Anonymoushttps://www.blogger.com/profile/02182718416049587066noreply@blogger.com