The Indian Prime Minister Dr. Manmohan Singh had once remarked about sky high packages of CEOs. This time executive bonuses have hit the limelight in US. There was a time when a middle level manager would get a joining bonus almost equal his hefty annual salary. The worth of a person was measured by his CTC. As the economy entered into recession, executives are saying ‘no bonus’ “thanks God my job is safe.”
Securities industry in US granted its employees $18.4 billion in bonuses – a revelation that President Barack Obama characterized as “shameful.” Surely when the sector and economy is bleeding, people are losing their jobs and the future is dark it is a shame to declare bonus. In England a lavish party was thrown to the employees of Royal Bank of Scotland even after bailout money was given to company by the Government.
In my company there is no bonus for H2. Performance Appraisal will take place. The salary increments based on appraisal. May God it takes place! The bad news are circulated everyday. Many companies have announced freezing of annual increments. Experienced, times are tough. Hit the bears eye. Fresher, good luck!
Securities industry in US granted its employees $18.4 billion in bonuses – a revelation that President Barack Obama characterized as “shameful.” Surely when the sector and economy is bleeding, people are losing their jobs and the future is dark it is a shame to declare bonus. In England a lavish party was thrown to the employees of Royal Bank of Scotland even after bailout money was given to company by the Government.
In my company there is no bonus for H2. Performance Appraisal will take place. The salary increments based on appraisal. May God it takes place! The bad news are circulated everyday. Many companies have announced freezing of annual increments. Experienced, times are tough. Hit the bears eye. Fresher, good luck!
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