OCR Text |
Show Value of the Bonus. Tho bonus is a great institution. Its advantages over an increase cf salary are manifold. An employe looking forward for-ward to a Christmas or New Year present of ten to 50 per cent, of his anr.wal salary will toil pretty hard to make a prosperous year. Bonus hangs upon prosperity. It is a saving clause for the employer. He can say at the close of a bad year: "Boys, we haven't paid expenses in the last 12 months, bo we can't afford to give you a bonus," or "We are too poor to declare de-clare a dividend; you will have to wait for better times to get a bonus." It's mighty nice for a man whose pay Is $3,000 a year to receive a bonus of 50 per cent. That makes his salary $4,500 for at least one year. |