So my company decided that they are going to do something great for their employees and help them with that pesky problem of only receiving bonuses at the end of the year. Instead, your bonus is now part of your salary!
So basically, instead of addressing the actual issues of salaries lagging behind the market rate and well behind inflation, my company decided to artificially inflate salaries by shifting in the bonuses, doing absolutely nothing to impact total compensation. The worst part of it is that they are claiming it to be a benefit for the employee even though they know damned well that its actually just an attempt to remove leveraging power of employees to argue for the higher salaries they deserve. Its a load of horseshit, thank you for letting me rant.
Edit: To further clarify- Let's say you get a 15% bonus to your salary on a yearly basis. Lets also say that bonus is part of your contract and company has never missed paying it in the past two decades. If total compensation for employees of that company is 15% below the market average and the company decides to combat that by raising salaries 15% but removing your 15% bonus, where does that leave you? It's net neutral. However, when yearly salary reviews come up and all of the sudden your salary is 15% higher than it used to be, what do you guys think is going to happen when you start arguing for higher compensation? This is straight up financial engineering meant to stave off demands for fair salary increases and the number of people who fall for tactics like this is frightening.