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reply to post by bigfatfurrytexan
Yea, most companies have annual performance reviews/raises but this is specifically about the vanishing tradition of Christmas/Holiday bonuses. A separate thing altogether...
reply to post by jtma508
I opened a business in the Philippines in September this year. We hired experienced staff at higher salaries than they were previously earning in their respective careers. By law we have to pay an additional 13th month by December 20th as a fixed bonus! This is taxed by the authorities at the prevailing salary rate!
We have 9 staff who demanded to know what bonus they will get on top of the bonus???
We have been open less that 4 month, will be losing money for at least a year before we start making a profit, it will be at least 10 month of operation before our incoming monies will be higher than expenses!
We do plan on giving these staff an extra bonus, which my partner and myself had previously spoken about, but it was meant to be a surprise and we were both taken aback and annoyed at their attitude! Other than that we have been very happy with their performance but just felt this was an unfair example of greed, on their behalf!