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Do You Or Don’t You … Pay End-of-the-Year Bonuses?

Published

14 years ago

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[componentheading]Yes, I Do[/componentheading]

Do You Or Don’t You … Pay End-of-the-Year Bonuses?We pay a percentage of December sales. My staff just tries a bit harder when they get a piece of the pie! — Rosanne Kroen; Rosanne’s Diamonds & Gold, South Bend, IN

We give everyone an extra $1,000 just to let them know they are doing a good job. More if we have a good year. — Curt & Elizabeth Parker; Curt Parker Jewelers, St. Louis, MO

I have been an employee longer than I have been a boss, and I remember how nice it was to get a bonus. I also remember not getting one and knowing how much business transpired and how hard I worked; I felt I was not appreciated. I want my staff to know that they’re appreciated. —Amber Gustafson; Amber’s Designs, Katy, TX

I explain that a bonus is something that has to be earned, and that it should not be an expected thing. — Ron Hooper; Hooper’s Jewellers, Bowmanville, ON, Canada

I always pay an extra week of salary. — Nimet Jetha; Bijouterie Elysee, Pointe Claire, PQ, Canada

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We provide a Christmas cash bonus, strictly guided by the individual’s seasonal performance. We also have a commission program, which has a yearly payout. — Denise Oros; Linnea Jewelers, La Grange, IL

Bonuses are paid at the end of February for hours worked and dollars sold during November and December. That way, if they quit after Christmas, they don’t get their bonus, and they usually still work through Valentine’s Day. — Stacey Gelmici-Saunders; Gelmici Jewellers, Edson, AB, Canada

I don’t know how to keep bonuses from being expected, so I keep them in the “Christmas present” range. “Just be happy you have a job this year” as a bonus isn’t something that engenders confidence or optimism. I’d rather put $500 in an envelope with a card. — David Phelps; Precision Platinum, Durham, NC

In order to achieve a bonus, my employees and company have to meet their goals in three out of five goal areas. None were met in 2009. — Howard Knopf; Robert Irwin Jewelers, Memphis, TN


[componentheading]No, I Don’t[/componentheading]

We are a commission-based sales staff, and to reduce expenses in 2009, we removed bonus programs for support staff and management. — Susan Jacques; Borsheims, Omaha, NE

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Your payroll should reflect sales. When you make money, your associates should make money; when you don’t, they shouldn’t. If our associates reach a certain margin or gross, then they earn a bonus. Don’t pay it just because it’s Christmas. What if the Christmas selling season keeps failing to show up? Do you keep paying bonuses? Absolutely not! — Sandy Kluh; S.T. Kluh & Co. Jewelers, Centralia, WA

I just go and purchase nice gifts for employees and friends.  — Laurie Cusher; Hyde Park Jeweler, Hyde Park, NY

We give each employee a very nice piece of jewelry — one that they have mentioned that they would like to receive. — David Lindsay; Purdy’s Jewellery & Gems, Bobcaygeon, ON, Canada

[span class=note]This story is from the September 2010 edition of INSTORE[/span]

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After almost 60 years in business, Breakiron Jewelers in Erie, Pennsylvania, was closing its doors. And the store’s owner, Linda Breakiron, was ready for it. She had run the store as its sole owner since the beginning of the millennium and was looking forward to a change. Of course, she called Wilkerson. Breakiron talked to other jewelers who had used Wilkerson and was satisfied with their response. “They always had positive feedback,” she recalls. With the sales, marketing and even additional inventory that Wilkerson provided, Breakiron insists she could never have accomplished her going-out-of-business sale without Wilkerson’s help. She’s now ready for the journey ahead, but looking back, she’d be sure to recommend Wilkerson. “They just made the whole process very seamless.”

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Do You Or Don't You?

Do You Or Don’t You … Pay End-of-the-Year Bonuses?

Published

14 years ago

on

[componentheading]Yes, I Do[/componentheading]

Do You Or Don’t You … Pay End-of-the-Year Bonuses?We pay a percentage of December sales. My staff just tries a bit harder when they get a piece of the pie! — Rosanne Kroen; Rosanne’s Diamonds & Gold, South Bend, IN

We give everyone an extra $1,000 just to let them know they are doing a good job. More if we have a good year. — Curt & Elizabeth Parker; Curt Parker Jewelers, St. Louis, MO

I have been an employee longer than I have been a boss, and I remember how nice it was to get a bonus. I also remember not getting one and knowing how much business transpired and how hard I worked; I felt I was not appreciated. I want my staff to know that they’re appreciated. —Amber Gustafson; Amber’s Designs, Katy, TX

I explain that a bonus is something that has to be earned, and that it should not be an expected thing. — Ron Hooper; Hooper’s Jewellers, Bowmanville, ON, Canada

Advertisement

I always pay an extra week of salary. — Nimet Jetha; Bijouterie Elysee, Pointe Claire, PQ, Canada

We provide a Christmas cash bonus, strictly guided by the individual’s seasonal performance. We also have a commission program, which has a yearly payout. — Denise Oros; Linnea Jewelers, La Grange, IL

Bonuses are paid at the end of February for hours worked and dollars sold during November and December. That way, if they quit after Christmas, they don’t get their bonus, and they usually still work through Valentine’s Day. — Stacey Gelmici-Saunders; Gelmici Jewellers, Edson, AB, Canada

I don’t know how to keep bonuses from being expected, so I keep them in the “Christmas present” range. “Just be happy you have a job this year” as a bonus isn’t something that engenders confidence or optimism. I’d rather put $500 in an envelope with a card. — David Phelps; Precision Platinum, Durham, NC

In order to achieve a bonus, my employees and company have to meet their goals in three out of five goal areas. None were met in 2009. — Howard Knopf; Robert Irwin Jewelers, Memphis, TN


[componentheading]No, I Don’t[/componentheading]

Advertisement

We are a commission-based sales staff, and to reduce expenses in 2009, we removed bonus programs for support staff and management. — Susan Jacques; Borsheims, Omaha, NE

Your payroll should reflect sales. When you make money, your associates should make money; when you don’t, they shouldn’t. If our associates reach a certain margin or gross, then they earn a bonus. Don’t pay it just because it’s Christmas. What if the Christmas selling season keeps failing to show up? Do you keep paying bonuses? Absolutely not! — Sandy Kluh; S.T. Kluh & Co. Jewelers, Centralia, WA

I just go and purchase nice gifts for employees and friends.  — Laurie Cusher; Hyde Park Jeweler, Hyde Park, NY

We give each employee a very nice piece of jewelry — one that they have mentioned that they would like to receive. — David Lindsay; Purdy’s Jewellery & Gems, Bobcaygeon, ON, Canada

[span class=note]This story is from the September 2010 edition of INSTORE[/span]

Advertisement

Related Topics:

click to Comment(Comment)
Advertisement

SPONSORED VIDEO

Looking for a Seamless Sale? Call Wilkerson

After almost 60 years in business, Breakiron Jewelers in Erie, Pennsylvania, was closing its doors. And the store’s owner, Linda Breakiron, was ready for it. She had run the store as its sole owner since the beginning of the millennium and was looking forward to a change. Of course, she called Wilkerson. Breakiron talked to other jewelers who had used Wilkerson and was satisfied with their response. “They always had positive feedback,” she recalls. With the sales, marketing and even additional inventory that Wilkerson provided, Breakiron insists she could never have accomplished her going-out-of-business sale without Wilkerson’s help. She’s now ready for the journey ahead, but looking back, she’d be sure to recommend Wilkerson. “They just made the whole process very seamless.”

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