Several Points Gary.
1. Most companies only pay a bonus if they are making a profit and specific targets are met - not true in the case of the banks who seem to think they desrve bonuses for being bailed out by the tax payer.
2. The fact you are getting a salary should be an incentive to do the job.
3. Good people don't necessarily move if they don't get a bonus. What's wrong with giving them a pay rise or promotion. anyway no-one is indispensible.
agree in principle ..
But NR were given a target and if they met the repayment target they would be given a bonus - (this target was set after the bail out and is in response to the bail out) so they have repaid 50% of the outstanding loan from the goverment and have been award a bonus (we are not talking big bucks we are talking about the little guys here - roughly 1K each) - so the drain on the tax payer has reduced by X - ok so if they had taken longer to pay this back then we the tax payer would be out of pocket by X - by this bonus - or effectively a write off of debt of less than 1% -see the orginal post) this has to be a good thing for the country - this answer your first point - target set - target achived bonus given
2 Yes I agree - but certain jobs are perfomance related - and as such bonus are part and parcel of this (ignore banks for the moment) so bonuses are not the evil that seems to be given - Bankers bonuses I will grant you are well over the top - but if John Wayne was given a target of X and any thing above this is subject to a bonus - then what is wrong with this ?
3 Payrise /promotion is not always a good thing - a good sales person - promoted to a management job might make a awful manger - but a sales person could be rewarded with a bonus -
I know people who have turned down management - so that they can stay in the job they are good at and have bonuses are rewards
we we mention Bonuses we all automatically think of Big Bankers with £100,000 as the bonus - that is not what is being highlighted here
we are talking about the admin-staff junior management at best ...
bonuses are probably less than 2500 max
and are 0.06% of the amount lent - so this as a write off seems a boodly good deal