Year End Bonuses This Year?

I asked this last year, but is nearing that time of year again. Are you planning on giving bonuses to your employees this year?

Last year we gave cash bonuses to ours but am considering actual gifts this year... but I guess cash is king, just so impersonal.

Location: 
United States

Modern Embroidery Designer
[url]www.volant-tech.com[/url]
[url]www.volantfineart.com[/url]

My most memorable gift from an employer was an embroidered shirt with money in the pocket and two bottles of wine. It meant more than just the money because so much thought was put into it and each of us got a thank you card. The owner was an amazing business man and to this day I look to things he did to help shape my own business. It was my first job out of college and to this day I remember that gift.

ha, an employer who obviously WANTED you to drink on the job! and I would have probably not found the money in the pocket and washed the shirt and given it to goodwill...

Modern Embroidery Designer
[url]www.volant-tech.com[/url]
[url]www.volantfineart.com[/url]

He also took everyone out to eat, only odd thing is that he hired a magician...

When I was an employee of any company cash was always preferred.

Cash is better for bonuses... but if you want to give a gift on TOP of that, then that would be more personal.

I'm doing that with one of my employees this year. It doesn't really reflect his bonus, it's in addition to.

I also feel cash is very impersonal, but for a "bonus" it is the right move I think. Gifts on the side should be thought out.

"you don't need a hook for the worms to dance."

Yeah no spools of thread or squeegees!!! lol.

We don't give cash. We do presents, and through the year music concerts, dinners, movies, fishing trips etc. That builds team and culture. Regards pay, flat rate, top industry rates and get the best you can find. Give them nice facilities, nice kitchen, toilets, furnishings etc. But make any bonus reliant on profitability and make it a surprise. They will remember a trip or experience well after they've blown a cash bonus.

What do you base the amount of the bonus on?

Prosperi-Tees wrote:
Yeah no spools of thread or squeegees!!! lol.

and I have all these boxes of bobbins I was SOOOO excited to give them!.. no huh? but the expressions on their faces could be Priceless!

Modern Embroidery Designer
[url]www.volant-tech.com[/url]
[url]www.volantfineart.com[/url]

mark029 wrote:
What do you base the amount of the bonus on?

For us we would look at the available cash on hand Dec 15th... and split it based on number of years served? So if the money was there and we mathematically determined we could afford $50 per year,, then someone who has been here 5 years would get $250. etc. More on better years of course and several years there really was nothing left over as we downsized and took draws off lines of credit.

But I think as long as they knew that they were ok with it, keeping them informed on the health of the business made them work harder when needed and expect more when warranted.

Of course that Dec 15th number is after we have stockpiled our nuts for the winter months and all bills are current, etc...

Modern Embroidery Designer
[url]www.volant-tech.com[/url]
[url]www.volantfineart.com[/url]

I see. I only have one employee and while they sometime try hard to meet expectations they often shoot theirself in the foot with screwed up garments and time off that they think they are owed. Is this a problem everyone deals with or am I just a pushover?

ha, no I haven't met one yet that felt they were valued enough or paid enough...

Modern Embroidery Designer
[url]www.volant-tech.com[/url]
[url]www.volantfineart.com[/url]

I just wish I could find a couple that needed to work. Ones that want to work are ok but I think if you need to work you tend to be a better emlpoyee.

mark029 wrote:
I see. I only have one employee and while they sometime try hard to meet expectations they often shoot theirself in the foot with screwed up garments and time off that they think they are owed. Is this a problem everyone deals with or am I just a pushover?

I had to look to see if this wasn't my post. ;)

My guy just messed up COUNTLESS times on a couple of recent orders. Over 25% screw ups!!

*sigh*

He just quit school and I had a talk with him and I spoke with him about where he wants to be. If he isn't going to college then min wage isn't going to cut it. But neither is his performance. I explained to him he needs to start looking at this like it is HIS business and that "ok" work isn't good enough. It has to be GREAT work.

Then the next day some OK, work goes across the table. *sigh* He does need glasses though and I'm about to require him to get his eyes right... not exactly something that can be taken lightly in our line of work.

"you don't need a hook for the worms to dance."

I'm pretty anal when it comes to the quality of output at our store. When I go to buy something I want it to be free from defects. I work hard for my money and want my moneys worth when I spend it. I don't expect anyone who buys from me to settle for anything less than I would. I've only got two part time employees. Both have their strenghts and weaknesses. The one that prints does ok but has her moments. The other does art work and does pretty well but has some issues as well. Both are female. Does anyone here have both male and female printing? Which is better?

ok, so the general consensus is $1.00 cash and a frozen turkey? cool, I can handle that. Maybe a small bag of Oranges if the mood is particularly scroogeless.?

Modern Embroidery Designer
[url]www.volant-tech.com[/url]
[url]www.volantfineart.com[/url]

mark029 wrote:
I'm pretty anal when it comes to the quality of output at our store. The one that prints does ok but has her moments. The other does art work and does pretty well but has some issues as well.

so will you plan on giving them bonuses this year?

It took me years to learn that employees are just people too.. not robots, and as such we all make mistakes and sometimes go through stuff in our lives that lend to more mistakes at work, but in general most are good and care about what they do I think. So I have learned that a pat on the back works much better every once in a while than a slap on the wrist every day they mess up.

Modern Embroidery Designer
[url]www.volant-tech.com[/url]
[url]www.volantfineart.com[/url]

I worked a job once and we all got a Church CD that the owners grand daughter performed in and an orange. One damn orange!! LOL.

One company I worked at gave us a $100 bonus which they took taxes out of and then proceeded to try and tell us that we should give the money to charity or something....

I'll more than likely give our printer something. She's been with us almost a year. The other one has only been with us a couple of months.
I understand you on the not robots comment. I just try not to let the little things bother me. When a mistake is made I'll explain to her how it happened and then work with her to see what we can do to make sure it doesn't happen again. I can't preach attention to detail enough though.

ZOMBIE THREAD! 5 years later..... AND????????

if trickle down does not work in our small industry do any of us believe it will work in the general economy? we keep the money. we don't share it. OR do you?

Modern Embroidery Designer
[url]www.volant-tech.com[/url]
[url]www.volantfineart.com[/url]

maybe the industry is more what I think... mom and pops.. no employees really anymore.
so no need for a bonus.

I have told this story before. after getting out of the Army I moved to San Antonio. back then there were 9 (NINE) embroidery shops in the yellow pages (yep there was such a thing back then! lol )

Today there are over 200 on YELP. the larger shops have given way to people with dining room tables and spare bedrooms. that is simply the nature of the industry here.. so I get it. no one to give a bonus to.

Modern Embroidery Designer
[url]www.volant-tech.com[/url]
[url]www.volantfineart.com[/url]

Well, I do my bonuses based on years with me. I give $100 a year bonus each Christmas. I only have 2 employees. One is full time and runs the shop in my absence (which is a lot) the other is part to 3/4 time and strictly an embroidery machine operator. Both have been with me multiple years and their bonus grows every year.

nearly a year later. (kinda... thread started in 2011) SO do you give YOURSELF a bonus? clean out the account as much as possible to start the year without too much cash on hand for tax reasons?

Modern Embroidery Designer
[url]www.volant-tech.com[/url]
[url]www.volantfineart.com[/url]

:)it's very personal, maybe bonus cash is better

Zoomsub Digital Technology Co., Limited
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anne zoomsub wrote:
:)it's very personal, maybe bonus cash is better

I agree for people you do not actually know.. like the ones who pick up the trash or deliver the mail or take care of the lawn? ...(hopefully they are tipped) BUT an employee? I would hope we knew them because we tend to trust them. We see them every day and hopefully have conversations?

PERSONAL... I like your wording.

Modern Embroidery Designer
[url]www.volant-tech.com[/url]
[url]www.volantfineart.com[/url]

CASH is not respected... if you give 25 they want to know why not 50.... you give 50 and they want to know why not 100.....etc.

BUT... if you know they like to cook... why not make flavored salts / sugars etc... homemade.. took YOUR time to me that is PERSONAL..then if you add some cash that is just icing . If they like to read, Audibles.com... etc. you get the idea.

Modern Embroidery Designer
[url]www.volant-tech.com[/url]
[url]www.volantfineart.com[/url]