Bonus structure

[paultaylor04]

I'm in New York and working as a network engineer for an IT consulting company. I was wondering if new york city would be a place where bonus structures are defined and if you do a good job, you can expect to receive at least some kind of bonus.

For some reason, i've got the impression from other colleagues that my company does not give bonuses to technical staff. That kind of feels wierd because if you don't have bonuses, how do you differentiate between an employee who gives his 110% to projects through the year in comparison to an employee who simply does his basic work and goes home.

 

[paultaylor04]

I have also believed that bonuses are better in a IT consulting company for technical staff as compared to technical staff in the MIS dept of a corporation as engineering consultants are actually making money for the company and aren't considered to be a cost.

 

[lespaul]

as a state employee, no bonus at all. I feel lucky to get a 3% raise each year! Of course, I have a GREAT retirement plan.

Leslie

 

[TruthInSatire]

I know someone that works in IT that works with a bonus structure. Lets say his base pay is $50k. he'll always get that. then each quarter the boss will give a list of goals and objectives. if the goals are met he gets a bonus. lets say his bonus structure is worth $10k. he has the potential to make 60k / year.

If you don't ask the right questions, you don't get the right answers. A question asked in the right way often points to its own answer. Asking questions is the ABC of diagnosis. Only the inquiring mind solves problems.

-Quote by Edward Hodnett

 

[MasterRacker]

I've never met someone in a technical field that got a bonus that I'm aware of. The only bonuses I've ever seen were for salespeople.

[purple]Jeff
It's never too early to begin preparing for [/purple]International Talk Like a Pirate Day

 

[paultaylor04]

masterracker

i don't believe that. I know tons of people who work in MIS depts & as consultants for IT integrators and all of them receive some kind of bonus every year. That's in the new york area. I've also spoken to people as far as ohio & south dakota and it seems to be the same there. Sometimes the bonuses are judged over performance and sometimes it's on the total amount of billed time on projects

 

[MasterRacker]

Woops. Looking back I see you're talking about consulting - ie. doing billable by the hour projects for outside customers. I was talking abouit internal IT and engineering staff.

If you're exceeding deliverables on an external project (directly generating added profit for the company), you should get a bonus.

For any of my acquaintances, as internal staff, (IT, electrical or mechanical engineering, etc.) working on salary - No one has ever mentioned receiving a bonus.

[purple]Jeff
It's never too early to begin preparing for [/purple]International Talk Like a Pirate Day

 

[mkov]

I only work on internal IT projects and am eligible for a monthly bonus. It is calculated based on my salary and company revenue for the month.

 

[MasterRacker]

That's more like monthly profit sharing than a bonus you can directly affect, however, in any case, it's good that you get it.

[purple]Jeff
It's never too early to begin preparing for [/purple]International Talk Like a Pirate Day

 

[mkov]

You are correct, but if we don't meet our goals for a given month, we do not get our share.

 

[mmorancbt]

I worked in a large corporate environment - with an interesting bonus structure. It was based on revenue and performance. Here is what happened to me...

I built a document assembly product. It greatly exceeded expectations - resulted in 400% increase productivity for our contract analyst (we had to take 4 from a department of 12 and retrain them in different roles) and saved $250,000 in printing cost for 7 months.

However, our department fell loosely under sales support. Sales for the year were off by 15% from goal and 10% from the prior year.

For this reason, my bonus was greatly reduced. I didn't count on the bonus but the idea irked me. I approached by boss, pointing out my accomplishments, and then asked for a $12,000 year raise and new title. I got it!

After that, that became my bonus plan. I jumped off the time/tenure (work x years at y role and you can get a 3% increase). Instead, I set a goal associated with an income and role I wanted to acheive.

Eventually I left the company and started consulting. That way I dictate my pay and performance requirements.

Matthew Moran

http://www.cbtoolkit.com