Manager Year End Bonus?


#1

Do any of you offer your manager a year end / Christmas bonus? If so, how do you calculate it?


#2

I do not. If you keep your wages competitive there is no need for bonus rewards or incentives. Fair compensation is sufficient.


#3

Everyone likes to feel appreciated, and often it is the recognition that means as much as the compensation. I have typically given something in the past- nothing too extravagant, usually gift cards or cash, with a thank you note, more for the “good will” effect then a large monetary gain. I have given 50-400 depending on the amount of time working together and the success of their management.
This year I started an incentive based on quick turn around or bring new homes online- started in October and will be paid December 20th. I also included a bonus to the maintenance personnel (50% of manager earned bonus) to keep everyone pulling ion the same direction. Very effective actually.


#4

Thank you both for your replies.


#5

We have calculated bonuses on occupancy level over a certain percentage. Historically $20 for every percentage point over 85% and we send gift cards that can be purchased at Staples.com for an additional 5% back from our Chase business card.


#6

My manager has gone above and beyond on pretty much any metric you can think of. I am definitely giving him a bonus this year in the 400-1000 range. Nothing crazy, but nice nonetheless.