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Original poster

Are you expecting a bonus this year in work?

68 replies

ronnieandtgecat · 10/12/2023 20:04

I've started a new job at the beginning of the year and for the first time ever there is supposed to be a bonus however company performance has declined so I'm not sure if I'll get anything. I was really hoping I'd get % of my salary but now I'm wondering if we'll get anything at all.

How does it work at your work?

OP posts:
RunningFromInsanity · 10/12/2023 20:06

Ha, local government so never get a bonus.

MsClarice · 10/12/2023 20:08

Ours has been drastically cut in line with company performance. Really crap but not unexpected.

dunroamingfornow · 10/12/2023 20:08

Charity worker. Never had one ever !

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Employment advice
biedrona · 10/12/2023 20:11

Public sector - no bonus.

Kwasi · 10/12/2023 20:14

In my experience, % bonuses are usually written into your contract.

We get a few hundred quid, but once it's taxed, it's closer to £200.

supermamio · 10/12/2023 20:15

We sacrificed our yearly bonus in exchange for a higher hourly wage.

Pipistrellus · 10/12/2023 20:15

We get smaller quarterly bonuses based on company and team performance. £ amount, not linked to pay grade. It's apparently meant to be more motivating but I keep very little after the income and NI taxes and UC reduction.

ChristmasPuddy · 10/12/2023 20:15

I work in accountancy. At my current and previous firms it’s only assistant managers and above that get a good enough score in their end of year appraisal will receive a bonus. The ‘bonus pool’ is based on the firms profits. The bonus pool went down this year because expenses increased so much.

I think the biggest bonus I’ve ever got is £700 which is like £450 after everything is taken off.

winniethepooped · 10/12/2023 20:17

As a nurse in Northern Ireland we aren't even getting the measly payrise that UK government agreed upon because of our dissolved useless government. No one in power. No budget. But they're all getting nice hefty wages sitting doing nothing.

Wendyspotatopeeler · 10/12/2023 20:18

We get a Xmas bonus in Nov paycheck so we have for Xmas shopping. It's never guaranteed but we've always been lucky enough to have it so far. I've never had it in any other job so I'm pleased.

NineToFiveish · 10/12/2023 20:18

I work for an American company so the FY runs from Jan-Dec. I am salaried and have a 10% bonus written into my contract, but that full 10% is tied to company performance. We might make it to a full 100% performance rating in the next 21 days, but we'll at least get 70%. So 70% of my 10%. That's also pro-rata'd for me this year because I'm a newish employee. Still could be a nice little top up in Jan, I won't say no to it! We shall see.

Changingplace · 10/12/2023 20:19

Changed jobs from public sector into private sector this year and get a bonus for the first time ever - £500, not the most it could’ve been because it’s dependent on company results which aren’t great overall but I’m happy to get anything!

5thCommandment · 10/12/2023 20:20

In my company it depends on a few things, but mostly team performance so we all help each other to get there.
Up to 10% of salary as a bonus for managers or more junior,
Up to 20% for senior staff
Up to 40% for directors.

Usually works out about 75-90% of the max you can get in those brackets, because we smash it.

Usually shove it all in the pension for the tax relief. We're on track for about 80% of the above bands this year.

Zippedydoodahday · 10/12/2023 20:20

We get chunky bonuses where I work. It's calculated via a complicated matrix which looks at seniority, performance and appraisal rating. Last year mine was nearly 50% of my basic salary, but that is definitely towards the higher end of the scale.

FawnFrenchieMum · 10/12/2023 20:55

Bonus in March for us. 10% of my salary, 70% of that is company performance / 30% personal performance.
Last year we only got 80% of the 70% part. We’ve smashed our plan this year though so hoping we get 100% of the 70%.
You can get 50-125% of the personal performance based on rating.

Snackpocket · 10/12/2023 21:13

We get a bonus based on our individual performance and then a multiplier based on the company performance. It can be a positive but equally it can be negative. It’s not been a negative since 2008 but it’s looking like it will be for this year.

UsingChangeofName · 10/12/2023 21:17

Public sector.
Still waiting for the small payrise we were offered in 2022 - 23 academic year.
I'd settle for that, in truth.

Celebrationsnakes · 10/12/2023 21:22

I get one every year. Usually around £4k.

endofanera23 · 10/12/2023 21:22

No bonus this year, or last year, possibly the year before that. It would only be a couple of hundred if we did get it, which doesn't amount to much after tax etc, but it's a shame we don't ever seem to be making enough profit to get over the threshold for getting it.

fpqand · 10/12/2023 21:23

Civil service. I usually get around £600-700 end of year for being 'high performing' (the amount depends on grade), and I usually get 1-2 in year bonuses that can be a maximum of £1000 in total in the year. Higher rate tax payer though so I get about half of that in my bank account.

Bluelightbaby · 10/12/2023 21:24

I work for the emergency services so definitely no bonus

Foxsoxandgloves · 10/12/2023 21:28

Around £10k tax free, in ME so bonus is part of the perk, ie 14 month annual salary. Performance related centred around 1 months basic salary. To get nothing you have to underperformed which also means you get fired so best not. Starters before September 1st get pro rated. Sept to Dec starters not included.

SirenSays · 10/12/2023 21:28

Yep they've brought in a really well thought out policy - You only get it if you have no time off sick. So all the sick people drag themselves in and infect everyone.

Beezknees · 10/12/2023 21:42

We don't get a "bonus" as such - it's not based on employee performance but we get a payment in December to help with the cost of living. Large utility company that makes massive profits.

SweetDreamsAreMadeOf · 10/12/2023 21:50

If it's not written into your contract, you often have to have worked somewhere a full 12 months before you are eligible for the bonus...So if you started the job earlier this year you might not be yet if it's paid at Christmas.

Ours is usually a percentage of salary (variable based on company performance) paid end of out finacial year in March. In addition the head of department gets a pot for the deparment and they decide how to divide it up by performance of the indivuduals in the team.