I used to work at a local bank during the summers I went to college. I later heard that no one got bonuses one year. Soon after, the CEO invited everyone outside to show them the new company car he got. I'm quite sure you could cut the resentment with a knife.
I'd have put in my resignation once I got a new job in sight and tell the CEO that his ugly ass car to go burn in hell and that I still had an old bonus not paid in full yet and that I'd take it to a lawyer I know if I do not get paid the overdue bonus... PROMPTly.
Companies which fail to treat the employees with fairness will almost always lose in the end. When a sales company shafts the salesmen they'll lose the best salespeople very quickly. No loyalty for good workers. I'm seeing this more and more. In the end, the company loses.
Yeah. Corporate stupidity fueled by greed. They only look at the fact they're making a decision which will cut costs today, they never think about how much extra they're going to have to spend tomorrow to fix the hole they just blew in the bottom of the company ship.
Very young salespeople only need to be paid start-up salaries and if they’re attractive, they’ll open a lot of doors for sales. But eventually they start aging/earning too much, and it’s cheaper to dump them and hire another young and attractive sales rep. It’s always been this way, and it baffles me that people in that industry are still surprised when they get screwed.
@@martindixon54 It's cuz CEOs and COOs and other such retard-positions that have no idea what work is actually done in the company, just work for a few years there, then get a severence BONUS in the millions and then go get a job elsewhere, rinse repeat.
Union gets a lot of hate and love, but I find it depends on where they are called to know where they stand. In that last story, the Union was needed for legal might in such an unfair workspace.
@@kos2919 Union has it's place, but some unions work on the member's ego, leading them to fight just for noteriety and justifying raising the dues. This actually allows for unsafe work conditions just for the union to get the bonus. That is why my province actually worked at removing a lot of power unions once had, but I have worked both in unionized shops and shops getting unionized and can see their value as well. However, the harm done has my province looking at unions in a negative light.
@@Maninawig Union always started good, but it slowly rot as time goes by. You know the old saying "path to hell was paved with good intentions" stuff like that
Sound more like stealing bonuses that were more or less contractually agreed on - hit this bar on sales, this is the bonus. It's an incentive program and is, effectively, part of the compensation package from what OP said. To filter that down through supervisors who got to set their own bonuses based on the work of the sales people was just another way for the company to kick employees in the nuts while forgetting who generates the sales. I can only imagine the champagne toasts in the executive suite when they figured out that shafting the people who make the sales added to their own bonuses. Then oops, we don't have a sales force and sales are plummeting? Better fire that new guy in the mail room for making a bad call.
@@Kayenne54 Wrong. If commissions, the labor board can be gotten involved. That is the same as holding back your pay. Most of these people chose to quit instead because they had no other recourse.
I worked for a company in support not sales. The U.S. sales VP reduced after the fact sales compensation for the year. The sales force got mad. The got angry. The top executives were shot at and new expensive sports cars caught fire. The big VP new trophy wife got mugged and had a few broken bones. The European Corporation headquarters found out and investigated. Turns out the top executives were taking all the sales bonuses and then some. They were fired and had to repay plus some jail time.
These stories almost always show, do the right thing in the first place & it works out much better than your employees looking for revenge. Penny wise(ass), dollar stupid!
I pity the fool, the jester and the clown that has the luck to be like me, even a little Also i am not a human. Preeeeeetty sure i will not find another extradimensional criminal that has assumed the form of a cat, at least in this reality
That company probably still comes out on top in the end as this has cleared all people in their sales department that would stand up for themselves. All the people that just stayed will put up with that shit the next time it comes around and the management will cash in on it, that's how this goes. Not only do they regularly get rid of employees with seniority, they also get rid of those that will stand up against abusive management.
I remember the first story happening to Hostess. The company was "struggling" so they asked the union to freeze bonuses and raises. Some took a cut in salary. Later, the big bosses took a raise and bonus. The union made a fuss about it so Hostess closed the doors. The second story reminded me the company I worked for. I'd transport train crews for minimum wage. Chicago went union and joined a large union. I don't know if it ever started in Kansas. One place had a good stand for it. We didn't. Also the problem with Kansas, it's much more business friendly. Right to work. You don't have to join a union, but the union has to represent you if there is one in your area. Too many people in my area were retired and didn't care about the job. That was the biggest killer.
When companies start playing with compensation that was promised in writing, you know they are in trouble either financially or with the wrong ones leading.
Rule #1 in business. You can mess with employees in hundreds of ways without major consequences, but NEVER f*** with their pay. Sure way to lose your staff, and possibly you customers and/or even your company.
As to the first story that company lost more in sales then the bonus checks would have been not to mention lost salse when the salse people quit. As to the second story just like the first story corporate greed bit them in the but.
5:00 National Sales Manager: Doctor, my foot hurts so badly Company Doc: Well, did you consider the consequences before shooting yourself in the foot? NSM: I thought ... Doc: And then you put your foot in your mouth! NSM: I thought ... Doc: We are done here, need to submit my resignation and request for balance pay & perks, before the bailiffs come to attach the assets NSM: Et tu, Brute? Doc: HOW DARE YOU use that phrase without understanding a word!
Last story: OP should have taken out an ad in the local paper thanking the CEO for helping pay for OP's student loans and steak dinner after wasting months trying to avoid paying. Since this is true, the CEO could hardly file a complaint or a law suit.
I'm self employed. I have been independent contractor too. why owners feel the need to screw there workers at every turn I'll never understand, because I always quit & found an even better job :) best job working for myself, by myself. If I still had to work for these types, I would be in Jail. I will strangle them today, I don't need the drama as I age, LOL
Bonus withheld story - I worked at a company back in the 80s. We had two offices, I managed one. When ever you asked for a raise, they would say you get a bonus every year. That was enough. One year, the owner decided to not give myself or my compatriot from the other location our bonuses because they bought a wildly expensive golf simulator for themselves using our bonus money.. You would actually tee off and your ball would hit a projection screen. Then the machine would insert your ball into the simulation and the virtual ball would travel down the fairway to the cup. Without ever mentioning it to each other, we both walked out at the end of the week. Fucking pricks.
![YoungBoy Never Broke Again - Sneaking [Official Video]](http://i.ytimg.com/vi/1ILUps2zDFU/mqdefault.jpg)
I used to work at a local bank during the summers I went to college. I later heard that no one got bonuses one year. Soon after, the CEO invited everyone outside to show them the new company car he got. I'm quite sure you could cut the resentment with a knife.
Must be related to the CEO of OP's company! Stupidity is hereditary!
I'd have put in my resignation once I got a new job in sight and tell the CEO that his ugly ass car to go burn in hell and that I still had an old bonus not paid in full yet and that I'd take it to a lawyer I know if I do not get paid the overdue bonus... PROMPTly.
Companies which fail to treat the employees with fairness will almost always lose in the end. When a sales company shafts the salesmen they'll lose the best salespeople very quickly. No loyalty for good workers. I'm seeing this more and more. In the end, the company loses.
Yeah. Corporate stupidity fueled by greed. They only look at the fact they're making a decision which will cut costs today, they never think about how much extra they're going to have to spend tomorrow to fix the hole they just blew in the bottom of the company ship.
Very young salespeople only need to be paid start-up salaries and if they’re attractive, they’ll open a lot of doors for sales. But eventually they start aging/earning too much, and it’s cheaper to dump them and hire another young and attractive sales rep. It’s always been this way, and it baffles me that people in that industry are still surprised when they get screwed.
@@martindixon54 It's cuz CEOs and COOs and other such retard-positions that have no idea what work is actually done in the company, just work for a few years there, then get a severence BONUS in the millions and then go get a job elsewhere, rinse repeat.
Union gets a lot of hate and love, but I find it depends on where they are called to know where they stand. In that last story, the Union was needed for legal might in such an unfair workspace.
Union work when it's actually honest and not corrupt and start getting involved with politic
@@kos2919 Union has it's place, but some unions work on the member's ego, leading them to fight just for noteriety and justifying raising the dues. This actually allows for unsafe work conditions just for the union to get the bonus.
That is why my province actually worked at removing a lot of power unions once had, but I have worked both in unionized shops and shops getting unionized and can see their value as well. However, the harm done has my province looking at unions in a negative light.
@@Maninawig Union always started good, but it slowly rot as time goes by. You know the old saying "path to hell was paved with good intentions" stuff like that
How the hell did they think not giving out bonuses was a good idea 😕 ?!? Just wow 😳
Sound more like stealing bonuses that were more or less contractually agreed on - hit this bar on sales, this is the bonus. It's an incentive program and is, effectively, part of the compensation package from what OP said. To filter that down through supervisors who got to set their own bonuses based on the work of the sales people was just another way for the company to kick employees in the nuts while forgetting who generates the sales. I can only imagine the champagne toasts in the executive suite when they figured out that shafting the people who make the sales added to their own bonuses. Then oops, we don't have a sales force and sales are plummeting? Better fire that new guy in the mail room for making a bad call.
you get the answer & you could be a very rich man !
This is first grade math. I can't figure how they figured their math.
Technically, not bonuses but commissions. Rightfully earned, not some gift from the gods.
@@Kayenne54 Wrong. If commissions, the labor board can be gotten involved. That is the same as holding back your pay. Most of these people chose to quit instead because they had no other recourse.
I worked for a company in support not sales. The U.S. sales VP reduced after the fact sales compensation for the year. The sales force got mad. The got angry. The top executives were shot at and new expensive sports cars caught fire. The big VP new trophy wife got mugged and had a few broken bones. The European Corporation headquarters found out and investigated. Turns out the top executives were taking all the sales bonuses and then some. They were fired and had to repay plus some jail time.
30 years of trust gone in one swift swoop. they think getting it back would be as easy, but hell no.
These stories almost always show, do the right thing in the first place & it works out much better than your employees looking for revenge. Penny wise(ass), dollar stupid!
Who ever is reading this, someone might have the same interests as you do
@@UwU-235 So toxic, (that was a bad radioactive joke forgive me please).
I pity the fool, the jester and the clown that has the luck to be like me, even a little
Also i am not a human. Preeeeeetty sure i will not find another extradimensional criminal that has assumed the form of a cat, at least in this reality
_Nervous laugh.._
You like punching mimes, too?
@@travisturner6761 Hell yeah
It's a..... One year subscription to the Jelly Of The Month Club
Stories #1 & #2 good on both ops' to stand their grounds. 👍👍👍👍
Stay warm. Snowed where I'm at.
It’s clear for me right now, but colder than a penguin’s butt.
It's about to where I am. This inch is still 15 inches too fucking much imho
Keeping very warm, hot actually it's an average of 80 to 86°F in Trinidad now around 86 in the day and 80 in the night.
@Jamed Ellis I wish I could yes we have too much. Even tho I can't take cold when the AC on 15°C I trembling lol
@Jamed Ellis oo I could just imagine
That company probably still comes out on top in the end as this has cleared all people in their sales department that would stand up for themselves. All the people that just stayed will put up with that shit the next time it comes around and the management will cash in on it, that's how this goes. Not only do they regularly get rid of employees with seniority, they also get rid of those that will stand up against abusive management.
I remember the first story happening to Hostess. The company was "struggling" so they asked the union to freeze bonuses and raises. Some took a cut in salary. Later, the big bosses took a raise and bonus. The union made a fuss about it so Hostess closed the doors.
The second story reminded me the company I worked for. I'd transport train crews for minimum wage. Chicago went union and joined a large union. I don't know if it ever started in Kansas. One place had a good stand for it. We didn't. Also the problem with Kansas, it's much more business friendly. Right to work. You don't have to join a union, but the union has to represent you if there is one in your area. Too many people in my area were retired and didn't care about the job. That was the biggest killer.
When companies start playing with compensation that was promised in writing, you know they are in trouble either financially or with the wrong ones leading.
Hi RedWheel hope you are well. Thanks for the storytelling time. Have a great day and Please stay safe all who reads this.🏴😁😷👍.
Companies don't make record profits by just selling things. They make record profits by cutting costs. Costs like bonuses.
Rule #1 in business. You can mess with employees in hundreds of ways without major consequences, but NEVER f*** with their pay. Sure way to lose your staff, and possibly you customers and/or even your company.
Company penny pinching, you missed a line at the end of the post.... "OR WILL AGAIN"
It is classic penny wise dollar stupid.
As to the first story that company lost more in sales then the bonus checks would have been not to mention lost salse when the salse people quit. As to the second story just like the first story corporate greed bit them in the but.
company goal: "Don't be evil". removed from the company's goals and standards upon acquisition by Alphabet. guess who...
5:00 National Sales Manager: Doctor, my foot hurts so badly
Company Doc: Well, did you consider the consequences before shooting yourself in the foot?
NSM: I thought ...
Doc: And then you put your foot in your mouth!
NSM: I thought ...
Doc: We are done here, need to submit my resignation and request for balance pay & perks, before the bailiffs come to attach the assets
NSM: Et tu, Brute?
Doc: HOW DARE YOU use that phrase without understanding a word!
Last story: OP should have taken out an ad in the local paper thanking the CEO for helping pay for OP's student loans and steak dinner after wasting months trying to avoid paying. Since this is true, the CEO could hardly file a complaint or a law suit.
I knew he was gonna hit them with resignation letter.
🎼🎵🎶ou can't scare me, I'm sticking with the union
I liked these against company revenge stories. Very good
Ive watched this soo much i can tell what the stories will be by the thumbnail
Good afternoon RedWheel !
I'm self employed. I have been independent contractor too. why owners feel the need to screw there workers at every turn I'll never understand, because I always quit & found an even better job :) best job working for myself, by myself. If I still had to work for these types, I would be in Jail. I will strangle them today, I don't need the drama as I age, LOL
That last sorry was great .
I love a happy ending!
greetings from work
@Jamed Ellis awe thank you :) i work with the public as a cashier
Jiminy Wireless did this kind of thing
Nice video, thank you.
Bonus withheld story -
I worked at a company back in the 80s. We had two offices, I managed one.
When ever you asked for a raise, they would say you get a bonus every year. That was enough.
One year, the owner decided to not give myself or my compatriot from the other location our bonuses
because they bought a wildly expensive golf simulator for themselves using our bonus money..
You would actually tee off and your ball would hit a projection screen.
Then the machine would insert your ball into the simulation and the virtual ball would
travel down the fairway to the cup.
Without ever mentioning it to each other, we both walked out at the end of the week.
Fucking pricks.
No im to lite for a heart
You sound like seth rogan its interesting to hear.
1st for the 1st time ever
bro i'm real sorry to tell you this but two guys commented a minute before you
@@nomireelnom4265 lmao wow i didnt know that it was a blank screen on my end. Well there goes being the 1st for once
Dang, and to think I went to the bathroom first.
@@MrBeevee5 when you have to go, you have to go lmao.
1st
🌟🌟🌟🌟
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥