Couldn't agree more, the ESOP is over, now I just work here. The problem with variable compensation (aside from being variable), is that the threshold for receiving a bonus is a moving target set by (you guessed it) management. The operation could perfom flawlessly with employees going over and above everything in their job description and you could still get Sigma Six'd out of your bonus.

Management has way to many tools in their accounting toolbox to affect earnings (new debt, retiring old debt, etc, etc.) to assume that variable compensation will be a serious contributor to W2 earnings.

I'd much rather have industry leading solid scope, pay rates, and work rules. Variable compensation is an illusion, let 'em keep the cash to pay for a solid contract.


I just work here.