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Employee Bonuses 2020
Curious as to the opinions on whether employees (rads) should receive bonuses this year. Some generic rules of thumb would be that these are seasoned rads, they get a nice base salary, they got substantially more time off this year, and their work when they were working was substantially lighter (easily 20-30% lighter).
Employees got NO pay cuts or furloughs throughout the year. Partners took substantial hit but worked through.
Curious if you would give said employees their usual 5 digit “bonus” for the year, or hold it back to distribute amongst partners’ back log/short fall for the year.
No right or wrong answers, just curious. -
7 Replies
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It would be nice to receive the usual bonus as an employee, but I get it if they can’t pay me money they don’t have
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The logic makes sense. We went through the same discussion among partners.
We decided the opposite. Our employee rads are going to have a small increase in bonus. They are very involved with flexibility of the schedule and a part of us. Partners took a decent hit overall with months of uncertainty of getting any salary (which we eventually got) but we value the contribution of employee rads.-
Quote from Hubcap
The logic makes sense. We went through the same discussion among partners.
We decided the opposite. Our employee rads are going to have a small increase in bonus. They are very involved with flexibility of the schedule and a part of us. Partners took a decent hit overall with months of uncertainty of getting any salary (which we eventually got) but we value the contribution of employee rads.That’s awesome. Do you think the decision would have been the same if partners were still down 15-20%?
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Quote from TurboEcho
Quote from Hubcap
The logic makes sense. We went through the same discussion among partners.
We decided the opposite. Our employee rads are going to have a small increase in bonus. They are very involved with flexibility of the schedule and a part of us. Partners took a decent hit overall with months of uncertainty of getting any salary (which we eventually got) but we value the contribution of employee rads.That’s awesome. Do you think the decision would have been the same if partners were still down 15-20%?
I think our partner bonus got cut around that range. However, if partners bonus/profit is cut to zero or negative, we may have cut the employee’s bonus.
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“5-digit bonus” described a world I have never lived in…
In my group, everyone took a hit in terms of paid hours during the first shutdown, but partners took more of a hit (and not just because their hours are worth more, they actually stayed off the schedule longer).
That said, my 2-year track is just about up, so next month is going to be interesting for me.-
In a typical business, ‘the boss gets paid last’. Give them ‘a’ bonus, but make it smaller than usual due to the economic pressures on the practice this year.
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