Bofnus
It’s getting to that time of year again. People are beginning to wonder what this years bonus situation is going to be like and are starting to make plans how to spend it. Of course this year is a little different. This year, like quite a few financial institutions, the place I work at has lost a fair amount of money (actually, that’s not fair. The place I work for has, on the whole, had an outstanding year, it’s just my area went and misplaced something like two billion pounds Sterling. Yeah, d’oh. Gotta love the US sub prime mortgage crap that’s going on.). Heads have rolled, the axe is still swinging and bonus pools may well be slashed. We could, for the first time in my career, be talking about bofnuses [there's no f in bonus - think about it
] This would be a Bad Thing™. For starters I usually go one further than working out what I’ll spend it on and just go ahead and spend it anyway, hoping that whatever I get in February will cover the credit card bill. This year I’m having to be much more cautious. Instead I’m hoping to win £10,000,000 on the lotto draw tonight which would go a long way to solving my ‘how do I buy all these shiny things without having the money to afford them‘ problem and my ‘do I really have to haul my sorry arse out of bed each morning for the next 30 odd years?‘ dilemma. In the mean time I’m perusing the websites of purveyors of shiny things and torturing myself.




Ah yes, this will be the first time since 1994 that i will have had the pleasure of anything remotely similar to a bonus (being a contractor in all the intervening time and so every day is a bonus).
So I’m wondering what kind of bonus I will get? I’ve been let to believe anything between 20 and 40% but we’ll see.
Fortunately, my bank is probably one of the best performing banks at this tricky time, with my division breaking all manor of records.
I’d still go for the £10M lotto win though.
Only £2b?? .. I’d heard it was more like £4b .. maybe you will have to pay them to work there!
It was $4Bn, so roughly £2Bn, although there may be more.
Goron - I’d say 15%-30% is a more realistic range unless you’re very good and it’s been a very good year. I’m thinking for me it’s more likely to be roughly 0%