yearly bonus

[snowman45106]

What is the name of your state?AZ

Can anyone tell me how long should it take to really give someone there yearly bonus after your first year?

 

[cbg]

Oh, it's you again. Hello.

It depends on the bonus agreement. There is no black and white answer that applies in all situations. What does the bonus agreement say?

 

[snowman45106]

It says in the employee book that we have that after 1 year you get the bonus

 

[quincy]

It says in the employee book that we have that after 1 year you get the bonus

I imagine there are a few conditions other than the passage of time?

I know many places are eliminating all raises and bonuses this year because of Covid-19.

 

[Zigner]

It says in the employee book that we have that after 1 year you get the bonus

An "employee [hand]book" rarely rises to the level of an enforceable contract. Even if it did, I suspect that you'll also find that the bonuses are discretionary, which means that they are at the employer's discretion.

 

[cbg]

Let's put it this way.

If you are looking for a law that requires an employer to release annual bonuses by x amount of time after the end of the year, there isn't one.

 

[zddoodah]

Can anyone tell me how long should it take to really give someone there yearly bonus after your first year?

Why would there be uncertainty about who gets the bonus ("someone") if entitlement is based on me completing my first year?

Rather obviously, an employee's entitlement to a bonus and when the bonus is paid is determined by the employer's policies. How long it "should take" to pay is a question that does not raise a legal issue.

Let's put it this way.

If you are looking for a law that requires an employer to release annual bonuses by x amount of time after the end of the year, there isn't one.

Concur.

 

[quincy]

Let's put it this way.

If you are looking for a law that requires an employer to release annual bonuses by x amount of time after the end of the year, there isn't one.

Off topic: Are there freezes on raises and bonuses where you are, cbg? There are at the universities here.

 

[cbg]

There is a hiring freeze, upper management got a salary cut, and raises are frozen except where guaranteed by union contract.

 

[quincy]

Thanks. So not too different.

(I was going to simply “like” your post because you answered my question but I hate liking posts that have information I don’t especially like )

 

[cbg]

We've also got a voluntary early retirement program ongoing and I am on vacation this week because of a program to use vacation time. MA is one of those states where vacation time is classified as wages so the more vacation people use, the more they can take off the books.

 

[Mass_Shyster]

It says in the employee book that we have that after 1 year you get the bonus

You realize that 100 years from now is "after 1 year"

 

[snowman45106]

Oh, it's you again. Hello.

It depends on the bonus agreement. There is no black and white answer that applies in all situations. What does the bonus agreement say?

This benefit is an Anniversary Bonus in recognition of Company service only and is not to be confused with, nor interpreted as, vacation pay. Employee’s Current Average Weekly Hours Annual Anniversary Bonus Amount 15 - 23 hours/week $80.00 24 - 31 hours/week $120.00 32 - 39 hours/week $160.00 40+ hours/week $200.0

 

[Zigner]

This benefit is an Anniversary Bonus in recognition of Company service only and is not to be confused with, nor interpreted as, vacation pay. Employee’s Current Average Weekly Hours Annual Anniversary Bonus Amount 15 - 23 hours/week $80.00 24 - 31 hours/week $120.00 32 - 39 hours/week $160.00 40+ hours/week $200.0

That snippet doesn't tell us anything because there is no context. You would need to take all of your documents to a local attorney for review. Of course, that review (and/or any subsequent action) is likely going to cost more than $200...

 

[snowman45106]

also the company is converting all sick pay from our state to pto so as they can say when we want to take a vacation they can actually tell us that they can not spare us because of a shortage of employees.