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Old 17th Jan 2009, 09:06
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Craic Ore
 
Join Date: Sep 2006
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I know you're just stirring the pot however, I will comment.

Bonus structure based on reaching a preset "target" of profit. Target is set at the announcement of last years profit and usually meets or exceeds said profit. So, due to the horrific first half, profits down 88%, and the current economic climate, there is ZERO chance we'll get a profit. Some say we'll get a "pride" week, but I think greed and fear will make that a non-starter.

As for raises, I think the worst is coming. My prediction is a freeze of pay or perhaps a small cut. Probably a small reworking of hourly or something to decrease our overall salary. On top of that, allowances will fall to reflect the "deflation" in the housing market here. I'll call it a crash, but it won't officially be called that by the press until we are through the worst of it.

I sincerely hope I'm wrong, but fear I may be all too right on this one.

CO
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