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Old 01-04-2005, 12:15 PM  
Fat Elvis Fat Elvis is online now
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What is your notion of middle class?

I'm asking this question because I just read an article on investing your year end bonus and one sentence struck me as odd:

Quote:
For example, say an employee who makes $100,000 a year is lucky enough to receive a $40,000 bonus in early 2005.
It was odd to me because it seemed to imply that $100K/ year salary is pretty normal. Judging from the Christmas bonus thread, I think a 40% bonus seemed a bit out of whack as well.

Is this how the regular world works and I am just missing out?

It might be more the norm on the coasts becuase of the costs of living are so much higher there than here, but do those numbers sound right for the midwest?

Just curious....

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Old 01-04-2005, 12:16 PM   #2
HC_Chief HC_Chief is online now
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Hell no... and not on the coasts either.
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Old 01-04-2005, 12:42 PM   #3
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I might agree with the annual salary numbers (based on number of years experience, of course), but I would say a 40% bonus structure is atypical. In my experience, unless someone's main responsibility is to sell products and/or services, bonuses only top out around 12% or so.
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Old 01-04-2005, 12:44 PM   #4
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I wish a 40% bonus was the norm.
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Old 01-04-2005, 12:44 PM   #5
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Who gets bonuses?
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Old 01-04-2005, 12:46 PM   #6
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Old 01-04-2005, 12:47 PM   #7
Mile High Mania Mile High Mania is offline
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I can't really say that I know of anyone close to me (friends or family) that gets a bonus that huge, not making a 100k or less a year.

Sounds a bit outta whack.
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Old 01-04-2005, 12:48 PM   #8
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I did some consulting work for a big corp in KC... the group I worked with got anywhere from 12-20% bonuses annually (depending on Co revenue).

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Old 01-04-2005, 12:51 PM   #9
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Quote:
Originally Posted by Robio9
I might agree with the annual salary numbers (based on number of years experience, of course), but I would say a 40% bonus structure is atypical. In my experience, unless someone's main responsibility is to sell products and/or services, bonuses only top out around 12% or so.
Great point.

Sales people and Sales Managers generally have more of their total compensation "at risk" - meaning they are capable of making or achieving (for example) $150K at said corporation, but the company puts 50% of that at risk.

When I worked for a large Oil and Energy concern, my total compensation (mainly bonus) was tied to the Net Income After Tax of the business unit I was responsible for. Generally, depending upon how the company did as a whole, my group would make anywhere btw 8-12% of the NIAT. I paid a sales guy (28 yr old) in 2000 a $132K bonus. That was one of the best day's of my life. I thought the kid was going to start crying.....Very cool moment.........matter a fact, his bonus was higher than mine.
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Old 01-04-2005, 12:55 PM   #10
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Quote:
Originally Posted by ChiTown
I paid a sales guy (28 yr old) in 2000 a $132K bonus. That was one of the best day's of my life. I thought the kid was going to start crying.....Very cool moment.........matter a fact, his bonus was higher than mine.
I'm about to start crying now, too.



A 40 percent bonus is insane unless it's sales. And then I'd think it's commission, not bonus.
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Old 01-04-2005, 12:58 PM   #11
Mile High Mania Mile High Mania is offline
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Quote:
Originally Posted by Rain Man
I'm about to start crying now, too.



A 40 percent bonus is insane unless it's sales. And then I'd think it's commission, not bonus.
Agreed - I'm in sales and about 65% of my earnings is commissions/incentives. There's not really a bonus, unless you figure in the $ value for trips won, etc.
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Old 01-04-2005, 12:58 PM   #12
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10% is the best I have done, that I can think of anyway. Would be damn nice if that happened again this year.
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Old 01-04-2005, 12:58 PM   #13
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Middle Class to me is 40K to $250K a year.
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Old 01-04-2005, 12:59 PM   #14
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When you are the boss you don't get an effin bonus.
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Old 01-04-2005, 01:03 PM   #15
Mile High Mania Mile High Mania is offline
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Quote:
Originally Posted by Hoover
Middle Class to me is 40K to $250K a year.
I've never really thought about how I would classify the middle class, but what you defined it as sure is a big gap. I'm sure it's probably close, but damn.

Also, you have to go regionally. Someone making $100k in one of your more costly areas, like LA is just as well off as someone making $50k in Tulsa, OK or Little Rock, AR. Hell, the person in OK or AR is probably better off when you consider getting a house and all of that.
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