19 March 2009

Bare Decades Ago a Bonus Came as a Surprise

... and was awarded to outstanding employees whose performances far exceeded their job descriptions and their employers' expectations.

A salary was the normal compensation employees received for simply doing their jobs as prescribed. If they failed to perform to standard, they were fired.

So when did bonuses become part of the expected "compensation package," particularly for management? And when did they start getting issued regardless of performance?

In other words, what are these bonuses for? Simply hanging in there, no matter how incompetent you are?

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