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How Does Your Bonus Compare With These?
By JLP | January 20, 2007
The latest issue of Fortune is all about the 100 Best Companies to Work For. This year Google gets top honors. Included in the issue is a list of those companies that paid the best bonuses. Some people make more in bonuses than most people make in their salary for an entire year’s worth of work. Check these two graphics out:
For Salaried Employees:
For Hourly Employees:
Maybe I should go to work for David Weekley Homes! I bet I could sell homes.
Topics: Business News | 7 Comments »
January 21st, 2007 at 11:29 am
Didn’t you have a post about “average” vs “median”? How meaningful is the $50k “average” bonus if a CEO gets $X million and pulls up the average? Fortune reporter should’ve read your post!
January 21st, 2007 at 1:26 pm
FB,
I think the key is the double asterisk (**) with the note:
“For the largest classification of full-time salaried employees.”
In other words, I think the upper management has been left out.
January 21st, 2007 at 1:43 pm
It would be interesting to know the other components of compensation (financial, not benefits and such). For instance, what about stock options or employee stock purchase programs, etc. Bonuses may be only one part of the equation here. Google gets stock, but perhaps Paychex doesn’t, therefore you might expect Paychex to have a higher annual bonus.
http://retiringearly.blogspot.com
January 21st, 2007 at 3:48 pm
FYI: You have a broken link in the first line of your post.
January 21st, 2007 at 5:37 pm
My bonus doesn’t look that good compared to these. I work for the Feds, who don’t give out bonuses. Occasional performance awards, but not bonuses.
January 22nd, 2007 at 8:23 am
I don’t get a bonus, time to look for other jobs?
Unfortunately, the only people in my organizations getting bonuses are those at the Director level or higher.
I used to work at SAP America, quite often the bonuses were $4K+ all the way down the hierarchy.
January 22nd, 2007 at 12:37 pm
These numbers don’t mean much. For all we know, bonuses could make up 25-90% of the total cash compensation of these employees. I know many people who rely on bonuses for up to 2/3 of their annual income.
An example, I have a cousin who works for Pella, and their bonuses are really, really great. The only catch is that they are based on company performance, not individual performance, and they make up a pretty big chunk of her yearly income (over 20% most years). That’s great when the housing industry was booming, but not so great now that things have slowed down.