Christmas Bonus?

[Mr. Irrelevant]

I don't want to depress anyone but in the last bull market, the investment firm I was employed with routinely issued bonuses between 35-100% plus. I never got in on the 100% plus ones but caught the tail end of the good years. They were very good years. Paid for my flight training and a number of vacas. It's one hell of a feeling when someone hands you a slip of paper with 5 digits on it saying "that's your bonus this year".

So much for the good years.............


Mr. I.

 

[fokkerjet]

No Christmas bonus.........unless you count not getting laid off a bonus

Historically, it's an annual "profit sharing" bonus for us.

I worked with a guy about to retire, and he brought up a good point about bonuses........why not forget bonuses and instead, increase our salary? His point was that bonuses don't count towards the formula that companies use to determine retirement pay. That $15,000 bonus is great to pocket now, but he would rather take some of that bonus in his salary instead, and at retirement time, his 5 year average salary would have been higher, making his retirement that much sweeter.

 

[Gulfstream 200]

I agree. Better to get the salary up for retirement - if you are lucky to have a pension.

Not so with the single airplane owner ops. They wont have that plane in a few years anyway.

Take the cash and run!!!

 

[DiamondJim]

Just got mine... a certificate for a 14 - 16 lb Turkey. Whew hew!!!

 

[EMU]

In one of my corporate jobs it was customary to get a pat on the back every year.

Another job I got a weeks salary every year.

My most recent job I was offered stock options in liu of a bonus. The options I have never excersized because I could buy them on the market for less. But thanks anyway!

I have friends that get nearly 50% of thier annual salary. Their jobs suck, and it is a way of keeping them around.

So I don't believe there is a norm out there.

 

[puddlejumper]

My Part 91 single aircraft company gives out bonuses. Last year, it was about 6% of my annual salary, but I was only there for the last 3 months of the year. It will probably be about the same this year. We also have a profit-sharing deal where all management gets a bonus based on the profitability of jobs done through the year. The job bonus is at the discretion of the president though.

We also get a big ole aged loin of beef at Christmastime too! It's enough for probably 15-20 steaks. Red meat rocks!

Happy Holidays!

-PJ

 

[IP076]

My old job as a CFI earned us a 25 dollar gift certificate to Safeway every year. Only once did I see one show up with "Void" written on it!

New job, probably won't get anything, oh well....

 

[limodriver1]

last job around 2000$

last job I got 2000$ christmas bonus minus tax and this year same from 135 company!

 

[061984]

Our Christmas bonuses are usually pretty good. Thats why I wanted to wait until I got it before I gave my two weeks notice. I opened the card Friday to find a check for $3,800 in it. I almost fell over. I'm giving my notice tomarrow. This should be interesting to say the least.

 

[logjammer]

Have recieved a cash bonus every year for 11 years. Even from single aircraft operators G-200! What is your problem, there are several single aircraft operators on our field even, the youngest one is 15 years old and the oldest has been going since the 50's.

Stuff the attitude dude.

Merry Christmas from the Jammer.

 

[Headwind]

Got my Christmes bonus today. Almost $1500.00. Usually get a Turkey the day before Christmas eve, so maby that will come tomorrow.
Headwind

 

[Astra Guy]

Working for a privately held company helps. Annual bonus amounts to 10-20% of salary dependent upon profitability for all pilots. Xmas bonus amounts to a ham or turkey and one week's pay.

 

[Ty Webb]

At my last 91/135 job I got a pleasant surprise.

As one of the owners was getting off the plane, he remarked to me, "At our firm, we believe that aChristmas bonus is something that should be enjoyed throughout the holidays, so here's your holiday bonus". And he handed me an envelope (this was before Thanksgiving).

I thought to myself, "probably a couple hundred bucks" and put it in my pocket.

After a while, though, curiosity got the better of me and I took it out an opened it. I was very surprised to find a month's pay, minus taxes! This was in mid-November.

It wasn't completely uncommon to get a $100. bill from some pax. One time, I got a $200. tip, and when I told the other pilot that I had a hundred bucks for him, he said, "Keep it, he gave me $200. too!".

Needless to say, that doesn;t happen at my airline job!