Forum Archive Index - October 2001

["alec" <acp@inspire.net.nz>]

Some years ago I managed a service station for a very wealthy NZ family. We were paid bonuses as part of our salary package. However our contracts also meant that we were unemployed if we did not reach profit targets. Unforseen circumstances were taken into account but thre was definitely never any bonuses for "working hard in difficult times". Maybe that is why that particular family has continued to prosper. It is long overdue that managers and senior staff contracts have payment terms that reflect company performance in the P/L account. Come to think of it Directors should also have similar remuneration packages.

Cheers