Walgreens announced last week that it would eliminate bonuses for corporate staff and reduce bonuses for pharmacy and store managers this year, citing weaker-than-expected financial results.
So we asked:
Is it right to take back employee bonuses?
And you answered:
No, terrible: erodes trust 82% Yes, finances dictate it 15% Other, tell us in the comments 2%
You also said:
Carole Kaufman, Strategic IT Leader
I have worked in retail organizations who effectively used poorer-than-expected financial results as a rallying cry, getting associates fired up and turning things around both from doing new or focused initiatives and by uniting and firing up the troops. I have also worked for the "getting worse day by day," the drudge of being a victim to (name it: economy, labor woes, supply chain issues...). No action, just hope for better days. If the latter, bonuses won't help. The ship is sinking. If the former, bonuses send mixed messages and dilute focus. In that case, bonuses shouldn't be given except for the most heroic and compelling reasons until things turn around. Then celebrate and thank. You made it. It's retail.
Larry Melby, Inventory Control, Tom Thumb
If a company is losing money or has underperformed than of course bonuses should be cut. A bonus isn't a guarantee like a paycheck. It's a reward for the company achieving specific financial goals/milestones. They aren't participation trophies for showing.
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Have another thought? Weigh in on our LinkedIn poll here, or email the SN team at [email protected], and make sure to include your first and last name and job title. Have a great weekend!
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