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Join Date: Apr 2002
Location: Clinton, NJ
Posts: 12,782
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Who else's company won't be handing out raises this year end?
My boss (the CFO) just called me into his office and informed me that there'd be no salary increases this year, due to low factory order intake. Not just our US divisions, but our Swiss parent and worldwide groups as well.
Now I've got to meet with my staff, and share the happy news with them. Merry F'ing Christmas. Oh well, at least I still have a job.
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______________________________ Dave 1969 911T Coupe 1972 911E Targa |
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12-16-2008, 10:08 AM
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Bonus and raises here, but we do better in a down economy. Well we do fine in either economy now that I think about it.
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2021 Model Y 2005 Cayenne Turbo 2012 Panamera 4S 1980 911 SC 1999 996 Cab |
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12-16-2008, 10:11 AM
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Registered
Join Date: Nov 2002
Location: Rogue Valley, Oregon
Posts: 1,736
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No raises or bonuses for us either. I'm in wood products. My plant is carrying the company and the only mill making money, but no "atta boy".
Troy
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Troy Past: 1975 911S Silver Anniversary-rebuilt and sublime. Past: 1988 Carrera-backdated with a 3.6 and all the goodies. Present: 2011 GMC 2500HD with the 6.0 & 4x4!, 2004 Toyota Sequoia (wife's) |
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12-16-2008, 10:14 AM
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I've never gotten a bonus at any job other than a $50 AMEX gift card. Only raise I've ever gotten was a counter offer when tried to give my two weeks notice. But that was almost 50% on the spot, which I took.
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2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
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12-16-2008, 10:44 AM
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Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
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I haven't had a raise since...September of 2000 and the last bonus I got was when I was doing production welding in the mid 90's. I'm not joking.
Thanks for the reminder, where's my whiskey?
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Cornpoppin' Pony Soldier Last edited by lendaddy; 12-16-2008 at 10:51 AM.. |
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12-16-2008, 10:46 AM
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Did you get the memo?
Join Date: Mar 2003
Location: Wichita, KS
Posts: 32,635
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Despite promises, apparently not for me. Bastards......
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‘07 Mazda RX8-8 Past: 911T, 911SC, Carrera, 951s, 955, 996s, 987s, 986s, 997s, BMW 5x, C36, C63, XJR, S8, Maserati Coupe, GT500, etc |
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12-16-2008, 10:47 AM
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Plenty of salary cuts and zero bonuses, in my industry. For those not getting pink slips.
I know for me this will be a year of zero raise and zero bonus. The issue is whether it will also be a year of salary reduction, as many others here are getting. I have a contract that says "no", so that should take care of it.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211 What? Uh . . . “he” and “him”? Last edited by jyl; 12-16-2008 at 04:56 PM.. |
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12-16-2008, 10:48 AM
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Custom User Title
Join Date: Oct 2002
Location: Miami
Posts: 4,294
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At the Christmas party last night, they had a drawing for one gift basket with a summer sausage and some apples. One basket.
They shouldn't have had the party. It was very awkward. |
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12-16-2008, 11:04 AM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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I'll get my standard raise and bonus this year. Next year I'm gunning for a big bonus and a promotion.
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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12-16-2008, 11:09 AM
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Too big to fail
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The irony for me was one day we get a blast-o-gram telling us how great the quarter was and how many zillions we pulled in, and then the next day we get another blast-o-gram telling us that due to hard times, there won't be any raises.
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"You go to the track with the Porsche you have, not the Porsche you wish you had." '03 E46 M3 '57 356A Various VWs |
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12-16-2008, 11:11 AM
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911 user
Join Date: Sep 2001
Location: East of Eden, West of the Sun
Posts: 2,411
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I've got a client where the Xmas bonus is going to be the november pay cheque. The two sales managers are losing the company BMWs and will be paid commission and expences only. The retail stores are closing year end and there will job cut by February if some big new contracts don't come in.
Cause: they got shafted by some suppliers, some clients are paying late or not at all and a couple of banks called in loans. If the banks didn't pull the plug they would be expanding despite these problems (and without additional finance!). I also have clients who supply components to the auto industry. That is a bloodbath waiting to happen. After years of squeezing margins, manufacturers and tier 1 suppliers are now jerking lower level suppliers around with different tactics to extend payment times such as finding fantasy quality issues and payment terms vased on when the components are used not when supplied. This in addition to the obvious reduction in quantities and orders. I'm also starting to see this trend in other industry sectors. Bonuses? Some are lucky to have any kind of paycheque.
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Where once the giants walked now Mickey Mouse is king. My other car is also a Porsche. |
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12-16-2008, 11:11 AM
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Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
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Quote:
mmmmmmm sausage....
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Cornpoppin' Pony Soldier |
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12-16-2008, 11:14 AM
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My company is having its client Xmas party in January. And no one is authorized to travel to get there. Gonna be very awkward. Though DC usually has so many Xmas parties, that it's hard for everyone to fit one in that month.
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2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
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12-16-2008, 11:22 AM
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Registered
Join Date: Jan 2003
Location: Los Angeles, CA
Posts: 2,099
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Mine!
Steve
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1982 SC |
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12-16-2008, 11:22 AM
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another round please
Join Date: Sep 2004
Location: Carmel In.
Posts: 4,452
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I dont get any year end bonus, but hey, I still have a job. Just think that in 2007, the year end bonus for all of Wall Street was an "average" of $160,000.00. Thats for all the people working on wall st. Times have changed, and it seems like companies are feeling bad about having a year end celebration.
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Getting old is not for wimps. |
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12-16-2008, 01:10 PM
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Navin Johnson
Join Date: Mar 2002
Location: Wantagh, NY
Posts: 8,818
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I just got a raise. Received my yearly bonus last week. Spoke with my boss earlier, and I and a few others are receiving an additional discretionary bonus..
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Don't feed the trolls. Don't quote the trolls  http://www.southshoreperformanceny.com '69 911 GT-5 '75 914 GT-3 and others |
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12-16-2008, 01:29 PM
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Join Date: Aug 2003
Location: SF Bay Area
Posts: 7,975
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No raises next year to stave off layoffs.
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12-16-2008, 01:32 PM
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Join Date: Dec 2006
Posts: 6,522
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No raise. Bonus yes, (supposedly). Back to the downside... We all are being 'asked' to take a voluntary 2 week layoff the first quarter.
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O2 In Sully We Believe |
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12-16-2008, 01:41 PM
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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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Our year-end raises and bonuses are actually announced end of January and effective in March, but I'll be getting them this year. I bet they won't be as big as last year though............
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12-16-2008, 02:29 PM
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Free minder
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I gave myself a 5% raise earlier this year. Now I have to find the money to fund it
.Aurel
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1978 SC Targa, DC15 cams, 9.3:1 cr, backdated heat, sport exhaust https://1978sctarga.car.blog/ 2014 Cayenne platinum edition 2008 Benz C300 (wife’s) 2010 Honda Civic LX (daughter’s) |
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12-16-2008, 03:27 PM
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1985.5 Porsche 944 2.5L Supercharged 
911 SC
Panamera
Only Porsche
Only bike
1989 Porsche 911 Carrera 3.2
