Thursday, October 1, 2009

Bonus-G 20 aftermath.

“A divide has already emerged between Europe and the US over how to implement new Group of 20 rules on bankers’ bonuses, with British banks facing a stricter regime than is likely to apply in the US.” Financial Times 1//10/09

http://www.ft.com/cms/s/0/9c43aaf4-ae01-11de-87e7-00144feabdc0.html

Leaving aside the point of differences between the countries ,the concept of bonus needs rethinking.

Bonus Definition. Additional compensation that is paid as a reward for achieving specific goals or providing above-average performance”.

http://www.yourdictionary.com/business/bonus

As is evident , bonus can not be claimed as a matter of right.Unfortunately fait accompli,it has become a part of standard pay package.If your performance is above average, you get bonus.Else, NO.

What is there to discuss?

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