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Employee Bonus Denied

Discussion in 'Employee Benefits, Pensions' started by macatak83, Mar 21, 2018.

  1. macatak83

    macatak83 Law Topic Starter New Member

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    Greetings. My company has an annual company-wide team bonus that all of the FTEs that have been with the company one year or more receive. The team bonus needs to be approved by the board first. I did not receive my bonus as everyone else did and no notice was given to me as to that fact. Surprised, I contacted HR via email and was told that the bonus can be taken away if you receive a score of 2.0 or lower out of 5.0 on your annual review which I did. HR also stated in the email that this is not a publicized fact except in the HR Manual. So that specific metric is not a published part of the equation and is not mentioned during our company-wide address. During this address we find out how the company performed against the goals set for the year and whether the company will receive the bonus. We achieved the goals and the bonus was distributed company-wide. What can I do at this point? Now I have to get a hardship withdrawal from my 401K so I am losing money and interest on the money I had to withdraw. What can I do at this point to get my bonus? Thank you for your time and prompt response to my inquiry.

    JSM
     
  2. cbg

    cbg Super Moderator

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    That depends on the terms of the bonus agreement.
     
  3. zddoodah

    zddoodah Well-Known Member

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    Relying on bonuses is a very bad idea. You apparently failed to meet the criteria for receiving a bonus, so what you can do at this point is worker harder/smarter to ensure that this doesn't happen again.
     
  4. army judge

    army judge Super Moderator

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    You can't do anything to get the bonus you were denied.

    What you need to consider is improving your performance rating, before your employment is terminated.

    Obtaining a TWO out of a possible FIVE is achieving a 40% out of a possible 100%.

    Employees that continually underperform get fired.

    I suggest you begin discussing with your manager how you can improve your performance so you can remain employed.

    The bonus denial is a warning.

    I hope you can turn things around.
     
    Michael Wechsler and hrforme like this.
  5. txls

    txls Well-Known Member

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    There is nothing you can do to go back and get the bonus that you did not qualify for. Try harder to improve your performance so that you may qualify for the next one. However I strongly agree that you should never count on receiving the bonus. It is not guaranteed to anyone.
     
    Michael Wechsler likes this.

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