Another post about the head of a company tightening the bonus structure in order fund his 3rd holiday house got me inspired.
At the company I have been working for they used to have a small (half month salary or such) but solid bonus for the factory workers. It was being set up in such a way that if you were well motivated and got a positive mark during the yearly work progress interview you would get it. So basically any worker would, everybody happy…
now, at some point management decided that they would cut this bonus and instead work with a bonus based on the amount of profit the company would make. (Profit! Not turnover) the amount of profit that had to be made was far more then they ever did in the last 7 years. So no way there would ever be a bonus.
However in order to finalize this structure a board of workers representatives also needed to agree on this. In order for them to make a wise decision, they were supplied with an “independent” advisor to advise. Of course the advisor, advised this board that agreeing with the new bonus structure would be fair, and profitable in the future.
No bonus has ever been paid to the workers ever since and i am sure moral dropped.
I found it very unfair at that time, also the level of knowledge of the workers board was not that high… why is it so hard to play a fair game as a company?
Anyone else had such an experience, please share.