Thanks Anupam,
Yes it is a tough question. Not much reaction so far! Saving Changes...
Dominic LawProduct Manager| PCCW GlobalHappy Valley, Hong Kong
Well, some projects reward the sales and key management by the amount of sales. However, they know it is not easy to achieve the margin. So the key management, including the PM, may pocket the bonus money and leave the job, and some other PM need to pick up the mess. Or the PM need to find ways with the sales people to search for additional sales by additional scope.
Am I answering your question?
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1 reply by Vincent Guerard
Aug 29, 2016 5:12 PM
Vincent Guerard
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Thanks Dominic,
In your example, the company would let people pocket the full amount of the bonus at contract signature. Not wait for a minimum of the execution done to demonstrate that the margin are achievable.
In most country I understand that amount paid to an employe is not touchable after. Getting company to be more diligent in paying early.
Well, some projects reward the sales and key management by the amount of sales. However, they know it is not easy to achieve the margin. So the key management, including the PM, may pocket the bonus money and leave the job, and some other PM need to pick up the mess. Or the PM need to find ways with the sales people to search for additional sales by additional scope.
Am I answering your question?
Thanks Dominic,
In your example, the company would let people pocket the full amount of the bonus at contract signature. Not wait for a minimum of the execution done to demonstrate that the margin are achievable.
In most country I understand that amount paid to an employe is not touchable after. Getting company to be more diligent in paying early.
...
1 reply by Dominic Law
Aug 29, 2016 9:38 PM
Dominic Law
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Thanks Vincent,
I agree with your method to delay the bonus until certain milestones are met. So "bonus" is a method to encourage PM and the project team performance.
Any other comment/answer to this tough question. Saving Changes...
Dominic LawProduct Manager| PCCW GlobalHappy Valley, Hong Kong
Aug 29, 2016 5:12 PM
Replying to Vincent Guerard
...
Thanks Dominic,
In your example, the company would let people pocket the full amount of the bonus at contract signature. Not wait for a minimum of the execution done to demonstrate that the margin are achievable.
In most country I understand that amount paid to an employe is not touchable after. Getting company to be more diligent in paying early.
Thanks Vincent,
I agree with your method to delay the bonus until certain milestones are met. So "bonus" is a method to encourage PM and the project team performance. Saving Changes...
