Christmas Bonuses - General Discussion - Contractor Talk

Christmas Bonuses

 
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Old 12-10-2009, 05:10 PM   #1
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Christmas Bonuses


For those of you with small companies like mine (3 guys) what are you doing, if anything, for christmas bonuses. I have not done anything in the past but would like to start a tradition this year. Cash is the easy thing but I would like to hear some other ideas for what employees have gotten and appreciated.

Cheers and Happy Holidays
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Old 12-10-2009, 05:16 PM   #2
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Re: Christmas Bonuses


Cash.

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Old 12-10-2009, 05:19 PM   #3
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Re: Christmas Bonuses


Yep cash is the best thing.
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Old 12-10-2009, 05:29 PM   #4
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Re: Christmas Bonuses


Typically we offer a choice of Turkey or Ham, a case of their favorite beer and a small tool gift with a little extra cash. This year it will be easy on the boss, everyone is laid off except one.

Good Luck
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Old 12-10-2009, 05:29 PM   #5
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Re: Christmas Bonuses


I did a lot of bonuses on the books last year. I didn't realize that this was considered payroll to my Comp. carrier. I'm paying for that mistake this year....
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Old 12-10-2009, 05:34 PM   #6
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Re: Christmas Bonuses


Quote:
Originally Posted by Jason W View Post
I did a lot of bonuses on the books last year. I didn't realize that this was considered payroll to my Comp. carrier. I'm paying for that mistake this year....
Whoa, that's news to me. I was under the impression we don't pay comp on bonuses and the half portion of time and a half.

Bummer.

Good Luck
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Old 12-10-2009, 05:39 PM   #7
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Re: Christmas Bonuses


When I had employees, they got 100 bucks for every year they were with me, up to five years. Only one guy made it that far.
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Old 12-10-2009, 05:50 PM   #8
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Re: Christmas Bonuses


Quote:
Originally Posted by Jason W View Post
I did a lot of bonuses on the books last year. I didn't realize that this was considered payroll to my Comp. carrier. I'm paying for that mistake this year....
ouch, spendy mistake?
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Old 12-10-2009, 05:53 PM   #9
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Re: Christmas Bonuses


Quote:
Originally Posted by Jason W View Post
I did a lot of bonuses on the books last year. I didn't realize that this was considered payroll to my Comp. carrier. I'm paying for that mistake this year....

I did that to and the guy that audited me let it slide. It should be obvious they either got over payed to 2 checks one week. they will let it go
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Old 12-10-2009, 05:55 PM   #10
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Re: Christmas Bonuses


Quote:
Originally Posted by Jason W View Post
I did a lot of bonuses on the books last year. I didn't realize that this was considered payroll to my Comp. carrier. I'm paying for that mistake this year....
Didn't you have to make payroll deductions as well? Or did you carry that nut too? Maybe you don't have the state unemployment, family leave act, state disability???
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Old 12-10-2009, 05:56 PM   #11
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Re: Christmas Bonuses


Not to bad by itself, but all in all I was under my estimated payroll by about 40k and had to kick in 12% of that to catch up.

Every single dollar you give your employee's on the books; bonuses and/or overtime pay goes towards total salary at the end of the year unless it is expense reimbursements.
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Old 12-10-2009, 05:57 PM   #12
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Re: Christmas Bonuses


Quote:
Originally Posted by loneframer View Post
Didn't you have to make payroll deductions as well? Or did you carry that nut too?
Taxes were taken out and paid...
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Old 12-10-2009, 05:59 PM   #13
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Re: Christmas Bonuses


Cash is king. That is why they work right? When offered a christmas party as a bonus I felt cheated. Don't buy me an overpriced meal, just put the money in my hands so I can make my kids christmas better. Some employers cash bonus was a joke, $15 at a very large company. But the small time operations always took care of me, a weeks pay was the norm.
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Old 12-10-2009, 06:20 PM   #14
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Re: Christmas Bonuses


My old boss would just splitt the scrape copper with me every christmas. I would go down the yard and do a day breaking it all down into clean and braziery so that we would get better price and would end up with $1000-$1500 each.
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Old 12-10-2009, 06:24 PM   #15
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Re: Christmas Bonuses


I'd give a gift certificate for tools.

The check for the certificate is made out to a tool store, not an employee. No comp, no taxes, etc.

The tools have value to the employee, most of them want to build their tool collection. The tools have value to the employer, thus you are legit with the irs.
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Old 12-10-2009, 06:42 PM   #16
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Re: Christmas Bonuses


/\ /\ now that's a winning solution! /\ /\
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Old 12-10-2009, 06:46 PM   #17
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Re: Christmas Bonuses


I always give a cash bonus based on seniority as well as a girt card to either Home Depot or Lowes, with the understanding that they are to update their tools with it.
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Old 12-10-2009, 06:49 PM   #18
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Re: Christmas Bonuses


Congrat's you still have a job, Merry Christmas.
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Old 12-10-2009, 07:02 PM   #19
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Re: Christmas Bonuses


i offerd my dudes mickey mouse boots or cash.they took the cash
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Old 12-10-2009, 07:15 PM   #20
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Re: Christmas Bonuses


As it stands this year I will probably be asking my guys for a loan to pay some bills

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