M
mikeh2004
Guest
California.
My employer has a written policy of paying bonuses for finding new clients for the firm. The "Finder's Fee" states that employees will be compensated 15% for the first project of a new customer, and 5% thereafter, for a limited time.
A couple years ago, I was promoted to Marketing Director. The company president and I talked in depth regarding how I was to be compensated. He told me that I would be compensated according the the "Finder's Fee" policy. I was also given a raise at this time to reflect my new position.
Well, several new clients later, I approached him about the issue just to make sure I knew where we stood. He told me that he didn't remember having the initial conversation. In the meantime, he had talked to the entire office about how bonuses were going to be restructured, and he explained to the entire staff that my bonuses would be largely dependent on my ability to procure new clients. So, everyone knew the situation.
When bonus time came around at the end of the year, like I said, he told me that he didn't remember the conversation, but he did give m a decent one-time bonus and 401K contribution. But I have no way of knowing what would have been a better deal, the one-time bonus or the ongoing Finder's Fee compensation. He doesn't like for employees to see the proposal amounts.
Also, another issue has arisen lately. It turns out that he has also been witholding my regular performance-based quarterly bonuses for the past three quarters because he thinks I had a hand in screwing up a project. The very frustrating thing is that he also admits to me that he "doesn't know" what happened! So, even though he doesn't knowif it was my fault, he has been witholding my bonuses!
What can I do?
Mike
My employer has a written policy of paying bonuses for finding new clients for the firm. The "Finder's Fee" states that employees will be compensated 15% for the first project of a new customer, and 5% thereafter, for a limited time.
A couple years ago, I was promoted to Marketing Director. The company president and I talked in depth regarding how I was to be compensated. He told me that I would be compensated according the the "Finder's Fee" policy. I was also given a raise at this time to reflect my new position.
Well, several new clients later, I approached him about the issue just to make sure I knew where we stood. He told me that he didn't remember having the initial conversation. In the meantime, he had talked to the entire office about how bonuses were going to be restructured, and he explained to the entire staff that my bonuses would be largely dependent on my ability to procure new clients. So, everyone knew the situation.
When bonus time came around at the end of the year, like I said, he told me that he didn't remember the conversation, but he did give m a decent one-time bonus and 401K contribution. But I have no way of knowing what would have been a better deal, the one-time bonus or the ongoing Finder's Fee compensation. He doesn't like for employees to see the proposal amounts.
Also, another issue has arisen lately. It turns out that he has also been witholding my regular performance-based quarterly bonuses for the past three quarters because he thinks I had a hand in screwing up a project. The very frustrating thing is that he also admits to me that he "doesn't know" what happened! So, even though he doesn't knowif it was my fault, he has been witholding my bonuses!
What can I do?
Mike