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Revscene-opolis
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07-08-2013, 04:31 PM
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#1 | | I STILL don't get it
Join Date: Dec 2003 Location: Vancouver
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| Employer Not Paying Year End Bonus
I resigned from my job for fiscal year end and gave my employer a two weeks notice. Employer had said that I would be entitled to a year end bonus which is calculated from my net profit for year end. They've paid out the bonus three weeks ago and a former colleague had informed me of so I emailed my ex boss and he said he had to inquire with his boss as he has no information about ex employees. He never got back to me so I emailed his boss and he said they are working on it and will update me. Its been 10 days and no updates. What steps can I take at this point? Monthly and year to date profit and loss statements come out regularly so I'm not sure why its taking so long. If anyone can shed some light into this matter it will be greatly appreciated.
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07-08-2013, 05:33 PM
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#2 | | RS controls my life!
Join Date: Jan 2002
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You have to be an employee at pay day to be entitled to it. Doesnt matter if you worked the fiscal year. This is from my experience at 3 big international companies.
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07-08-2013, 05:50 PM
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#3 | | I contribute to threads in the offtopic forum
Join Date: Jun 2002 Location: 604
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I'd be impressed if they would give it to you. I don't know the circumstances regarding your departure. But if it were me who were handing out bonuses I wouldn't give it to an ex employee unless they quit to take care of family or something.
Keep on them though, you never know, it's worth trying for I would imagine.
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Scizz's a living legend and I tell you why, everybody wanna be Scizz an Scizz still alive
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07-08-2013, 06:07 PM
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#4 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
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I'd be interested to see if you get it as well. I get an annual bonus based on the net profit my jobs bring in, no way I'd get a bonus even if I left at the 11th month mark of the year.
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The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I donīt care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. Thatīs how winning is done. Now, if you know what you worth, go out and get what you worth. - Rocky Balboa | |
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07-08-2013, 06:28 PM
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#5 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,150
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what does your contract say?
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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07-08-2013, 07:36 PM
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#6 | | OWNER/C.F.O./MONEYMAN
Join Date: Mar 2001 Location: Vancouver
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definition of bonus?
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07-08-2013, 07:40 PM
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#7 | | Even when im right, revscene.net is still right!
Join Date: Jan 2013 Location: Vancouver
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Why would you leave knowing that you will have a bonus... ?
I would have just toughed it out for another month or so just to get it.
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07-08-2013, 08:32 PM
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#8 | | I STILL don't get it
Join Date: Dec 2003 Location: Vancouver
Posts: 457
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I left wanting to go into another field and company policy stated that a salaried position employee who had full control of their P&L was entitled to a bonus based on net profit. My employer told me that I was entitled to it if I stuck till fiscal year end which was when I quitted. Now it seems like I'm being kept in the dark.
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07-08-2013, 08:44 PM
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#9 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,150
Thanked 2,075 Times in 871 Posts
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follow up next week (14 day mark) by phone call.
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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07-09-2013, 11:07 AM
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#10 | | I STILL don't get it
Join Date: Dec 2003 Location: Vancouver
Posts: 457
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Year end was April 1st which was the same date I quitted. The bonus payout was mid June. The gap was too big for me to stick around but my employer had verbally stated I would be entitled to the bonus. I will follow up by phone as suggested.
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07-09-2013, 03:47 PM
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#11 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
Posts: 11,613
Thanked 3,853 Times in 1,367 Posts
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That is a bit different as you left after the cutoff, I was under the assumption you left mid term and wanted everything up to that point. You would think you'd be entitled to it, hopefully it all works out for you.
__________________
The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I donīt care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. Thatīs how winning is done. Now, if you know what you worth, go out and get what you worth. - Rocky Balboa | |
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07-09-2013, 06:35 PM
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#12 | | I contribute to threads in the offtopic forum
Join Date: Jun 2002 Location: 604
Posts: 2,538
Thanked 1,137 Times in 259 Posts
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| Quote:
Originally Posted by 1337  ...my employer had verbally stated I would be entitled to the bonus..Posted via RS Mobile | Hopefully you have something in writing that will state they will pay it out.
__________________
Scizz's a living legend and I tell you why, everybody wanna be Scizz an Scizz still alive
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07-14-2013, 07:08 AM
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#13 | | Wunder? Wonder?? Wander???
Join Date: Jan 2012 Location: gvrd
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What stated in your employment agreement that you signed when you were hired?
I don't know too many employers who would pay year end performance bonuses to former employees. Part of the value in paying a bonus is incentive for the employee to do a good job the next year too.
Good luck
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07-14-2013, 10:29 AM
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#14 | | Rs has made me the woman i am today!
Join Date: Sep 2006 Location: Vancouver
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Sounds like the employer is pushing the OP away by ignoring him. Business is business, if I were in the OP's former employers shoe, I wouldn't pay the OP the bonus. People will do anything to save money. Also coupled with the fact, the OP doesn't work for them anymore. Hopefully the OP has something in writing signed in regards to paid bonus after termination from the company.
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