It makes sense.
Job
1 $12.1 Billion Bonus Pool: No Joke
Savvy Solution
2 Savvy ATM: What to Do With Your Bonus
Money
3 Tax Rebate Mind Games
Money
4 I'm Not Saying She's a Gold Digger . . .
consumerism
5 News Flash: Hollywood Vulnerable to Weak Economy
Savvy Vocab
6 Definition: Golden Parachute
News
7 A Look Ahead: Shallower Bank Bonus Pools
Quiz
8 Guess How Much: Wall Street 2008 Bonuses
Holiday
9 Your Two Cents: Did You Get a Holiday Bonus?
motivation
10 I'm Asking: How Are You Rewarded at Work?
Office Politics
11 Don't Let Disappointment Derail You at Work
community
12 What to Do With Your Year-End Bonus
We're thrilled to present this smart LearnVest story here on Savvy! You’ve just been informed by your supervisor that you have a tidy bonus coming to you soon for all of your hard work this year. (And, of course, you totally deserve it.) But whenever a large sum of money falls in your lap, you need to have a plan for it, so you don’t wake up a month or two later and realize that it’s all Read more
With the economy still in recovery, it's not surprising that most of you didn't receive bonuses to reward your hard work in '09. While it can leave you feeling sour or let down, don't let the lack of a bonus ruin your chances at staying focused. Instead, be proactive, acknowledge your disappointment, but don't let it detract from your chances to excel in 2010. Here's how: Don't Take It Read more
We’re all motivated by different factors when it comes to our jobs — gunning for a promotion, achieving a "personal best," or contributing to a team. But, according to one author’s research, one thing that doesn’t effectively motivate us is the traditional carrot-and-stick model. In his new book Drive: The Surprising Truth About What Motivates Us, author Daniel Pink claims that the more Read more
Gone are the days of wishing for an out-of-space convertible, yacht or a duplex for Christmas — especially from the boss — but you might just get a check. The companies that are in the financial predicament to dish out bonuses typically share the wealth during the holidays as a way to build morale and show employees how much they are appreciated. We all know pay raises were barely there in Read more
Remember when taxpayers bailed out Wall Street? And remember how you didn't get a bonus for being a model employee and all around awesome at your job? How could we forget. Perhaps Wall Street bigwigs were hoping that Americans would ignore their actions now that we are distracted with other concerning economic news — they managed to deliver employee bonuses for 2008, and as you can imagine, it Read more
Wall Streeters used to the unfathomably generous bonuses of years past will likely be facing lighter stockings (OK, direct deposits) this year. Goldman Sachs and Morgan Stanley employees are now employed by bank holding companies with payment structures closer to traditional commercial banks rather than investment banks, meaning Goldman's 2007 $12.1 billion bonus pool will be shallower in 2008. Read more
Golden parachutes soften an executive's fall when the company she leads is acquired and there's a change in ownership, leading to the dismissal of the particular executive. The parachute is a predetermined amount in excess of an executive's normal compensation and may be a combination of stock options, bonuses, and severance pay. Most recently, the term has appeared in the news because the CEOs Read more
Traditional thinking has been that Hollywood is recession-proof because consumers will continue to go to the movies in lieu of more expensive entertainment. A recent study has caused some doubt about whether this remains true for today's economy — it found that going to the movies may actually be one of the first activities cut by cash-strapped consumers. — The Wall Street Journal Bummer Read more
London's credit crunch and financial turmoil has unfortunately mirrored that of the US, and finance types in the British capital are preparing themselves for reduced bonus payouts this year. While these guys are dreading to see how the year's financials actually play out, they're also being played by the women who said for better or for worse. The head of a London law firm noted that Read more
When I came across an article in yesterday's New York Times I swore I was having deja vu — until I realized I had a rebate chat with Citizen about the exact same concept last week! The research reported in the Times aligns exactly with our conversation and perhaps affects why some of us intend on sticking our (potential) rebate checks in the bank. The research argues that to really increase Read more
