Xmas bonus paid pro rata if you leave a job?

messinkiapina

Just curious what are you legally entitled to regarding an xmas bonus if you leave say 6 months into the year. Should you be paid 50% of the bonus on your final paycheck?

Is it correct to say that a xmas bonus is part of your earnings (i.e money put aside from your paycheck each week), and you should be entitled to it (pro rata) no matter what time of the year you leave your job?

bmwguy

messinkiapina wrote: »

Just curious what are you legally entitled to regarding an xmas bonus if you leave say 6 months into the year. Should you be paid 50% of the bonus on your final paycheck?

Is it correct to say that a xmas bonus is part of your earnings (i.e money put aside from your paycheck each week), and you should be entitled to it (pro rata) no matter what time of the year you leave your job?

Absolutely not! You are not just entitled to Christmas bonus even if you stay forever.

Stheno

messinkiapina wrote: »

Just curious what are you legally entitled to regarding an xmas bonus if you leave say 6 months into the year. Should you be paid 50% of the bonus on your final paycheck?

Is it correct to say that a xmas bonus is part of your earnings (i.e money put aside from your paycheck each week), and you should be entitled to it (pro rata) no matter what time of the year you leave your job?

No. A lot of companies only pay bonuses to employees there at the date of psyment

joeysoap

This is a wind up?

NeVeR

No it's not. A bonus is a gift of sorts. You are not entitled to it and your employer doesn't have to pay it.

Normally its a gesture from the boss as a thank you for the work during the year. Some companies give the bonus in March's wages. So it's not really give because it's Christmas.

messinkiapina

Does that also apply if the company let you go, rather than leaving yourself?

bmwguy

messinkiapina wrote: »

Does that also apply if the company let you go, rather than leaving yourself?

Exact same.

messinkiapina

bmwguy wrote: »

Exact same.

Bah :mad: Thanks for the clarification.

A2LUE42

Depends on the company. Some will pro-rata yearly bonuses as part of a redundancy package.

3DataModem

My employer has pro rated bonus for some redundancies, and not for others. Doing it would be very very unusual.

Jawgap

Depends on your contract of employment, but I've never heard of it.

Some employers use bonuses to encourage staff to stay, if they paid them out pro-rata there'd be no cost associated with leaving.

In our place about 30% to 40% of your bonus is deferred (by 12 months) to encourage people to stay......the longer you're there the more is deferred. There's even discussion now of deferring up to 50% of the bonus payments because of the tightening in the job market.