In many companies, the year-end bonus is becoming a quaint memory of earlier times, when an extra envelope from payroll in December was an almost certain reward for everyone. Holiday bonuses are slowly vanishing. Today companies have decided to pay the Christmas bonuses in relation to their workers” performance. According to specialists, tying rewards to the performance of the company serves to motivate workers. Nevertheless, is it motivation or a necessary cost-cut measure?
Over the years employees have become so used to receiving a year-end bonus that they regarded it as a right. Most didn’t even know how it was calculated, yet it was strongly sought-after to pay for the new kitchen furniture or a new car. Now that the bonuses might be low or non-existent many employees might feel cheated. Despite this feeling, there's caution among businesses, as the economy is slowing. It is harder to see into the future and forecast optimistic sales profits. That is why employees will have to make do with an empty stocking from Santa this Christmas.
[ramka][srodtytul]Vocabulary[/srodtytul]
[b]Word-of-the-week[/b]
ean – if a period of time is lean, there is not enough of something, especially money or food, at that time (chude)
