Quote:
Originally Posted by shah269
Nearly all industries have a bonus system?
I do?
What's the bonus for engineers?
We didn't export your job to China....or replace you with an H1 visa holder or fire you and hire you back as an independent contractor..so that we can show a reduction in our overhead and get OUR next bonus?
Not hating, just asking.....
But I agree with the article,
Bonus = Taking big risks with other peoples money
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Bonus system is NOT taking a risk with other people's money.... in fact you're more often than not taking a risk with your own money.... take for example a software developer.... he can go to a tech firm in say san fran, and work 5 days a week, earning roughly 80-120k or so....
take a software developer in prop trading.... he'll agree to take a base salary of say 40k, rest tied up in bonus.... if the firm has a great year, sure he may walk away with 200k.... if the firm has a bad year..... he'll get his 40k and maybe a pink slip....
most traders work off of draw+bonus..... similar fashion as above, except a draw counts against your bonus....