The privately owned company I work for has not changed quarterly bonus structure in many years & I’m curious what others are doing

The privately owned company I work for has not changed quarterly bonus structure in many years & I’m curious what others are doing. Currently our company gives a flat bonus to Community Manager & Leasing Manager when NOI goal is reached. Does not give commission on new leases & renewals or to Maintenance Supervisor, as I’ve done before with previous employers.

I absolutely think bonuses are a great incentive but I think it has to be recognized properties many properties are not performing due to all the increases in expenses and higher delinquency , bad debt and vacancy . End of the day the cash flow is a business plan. If Cash flow is not happening , we can’t expect ownership to pay out of pocket for bonuses . It does suck but it is the hard truth .

It’s amusing to hear complaints about increases in cost having offered free help to lower corp IT cost by 30% to virtually every NMHC50 and large TX operators with no takers. Apparently they’re good overpaying. Tough for cash cow industry leaders to accept help that could benefit employees 😔

I don’t disagree with you at all . End of the day employees take the hit for bad purchases and inflated proformas that are not possible to achieve .

BONUS! What's that?

Our company stopped paying bonuses. It’s very discouraging.