Thread: Stijn!!
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RKDinOKC
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The Stick
 
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Join Date: Dec 2007
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They started with an Executives only bonus, then quickly changed it. They published a schedule of the percentage of bonus we get based on the amount of profit for the year and is paid quarterly. So if we got 2% the first quarter, 4% the second quarter and 6% the third our 3td quarter bonus is 6% of our year to date wages minus the bonus paid for the first and second quarters. Pretty exciting when our first quarter was one of the lowest profits in the history of the company and or 3rd quarter profits are higher than they have been in two years.

Our current sales are way higher than they expected making the YTD profits much higher than they expected as well. It is a higher bonus than they have ever paid historically.

I am assuming if the profits go way down in the 4th quarter so the anual bonus percentage goes down to less than what we have already been paid that they won't make us give any money back.

We've been doing pretty well. They have managed to reduce backorders and maintain a profit of 34%. Business from the oil slump came back surprisingly fast and we had trouble staffing to ramp up production. I personally am still concerned about the decision to discontinue all cast iron products. It seems like if that was a good idea the founder would have done that some time in our 65 years of him running the company. He was a very frugal man.
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Richard aka "The Stick"
06 Cayenne S Titanium Edition

Last edited by RKDinOKC; 10-19-2017 at 04:25 PM..
Old 10-19-2017, 03:57 PM
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