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The Ramsey Show Highlights

My Boss Stopped Giving Bonuses

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 11 October 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today.

0:06.0

I've worked at a company for several years now, small business, and almost every, not almost,

0:12.0

every year I've been there so far at the end of our fiscal year, my boss, who wholly owns

0:17.0

the company, issues bonuses based on how well the company performed our fiscal year,

0:22.3

and I've gotten it every year, like I said.

0:24.4

Now, this year, all of a sudden, no bonus ever came.

0:28.3

There was never any mention or communication of bonuses not going out this year.

0:32.5

And then all of a sudden, out of the blue, I see that my boss has bought a brand new car.

0:37.1

That's kind of not really besides the point, I guess that my boss has bought a brand new car and that's kind of

0:37.6

not really the side to point I guess but yeah so my question is you know is that ethical slash can

0:43.0

they do that the not issue bonuses and not even communicate it and then the two punch question is

0:48.4

what's the best way to approach that conversation with my boss I mean in my mind I'm picturing

0:53.3

Clark Griswold when he doesn't get his bonus.

0:56.6

That's exactly how I feel. Yeah. I literally was about to say that.

0:59.4

I mean, I mean, if you've come to expect it, yeah, it's disappointing if you don't get it.

1:04.4

And it's even more disappointing if it wasn't communicated. I could see you wanting that.

1:08.0

But at the end of the day, my bigger question is, how is the business

1:11.7

doing? Because it might be that they're suffering and there's not that profit in order to hand out

1:17.3

bonuses as it were. And so that's my first question. And I also, I think you know that you can

1:22.6

strike from the record that he bought a brand new vehicle because that's neither here nor there.

1:26.1

But how's the company doing?

1:29.0

Well, I mean, as far as I've been, you know, informed and I'm not in the finance department or anything

...

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