2 days ago – I received my bonus letter from my boss. Happy about the overall quantum but I felt ‘indifferent’ about it this time. Do not get me wrong, I love money. However, it is not as exciting as last time. May I be I am too long in the corporate world. I have to reflect myself that the very reason I created this blog 5 years ago was to track my journey of gaining some financial independence via investing or trading. Today, I still believe in this cause, making that slow transition out from the corporate world.
What is a bonus: A bonus is a financial compensation that is above and beyond the normal payment expectations of its recipient. Companies may award bonuses to both entry-level employees and to senior-level executives. While bonuses are traditionally given to exceptional workers, employers sometimes dole out bonuses company-wide to stave off jealousy among staffers.
Bonuses may be dangled as incentives to prospective employees and they can be given to current employees to reward performance and increase employee retention. Companies can distribute bonuses to its existing shareholders through a bonus issue, which is an offer of free additional shares of the company’s stock.
In a nutshell, bonus is meant to retain the good employees by rewarding them with ‘extra compensation’ for their outstanding performance. But…bonus is only delaying the inevitable that is being true to yourself as to what you want in the longer term. Not everything is about money but I also acknowledge that without money, it is very difficult to live a life. As a corporate employee, one should look at a bigger picture. Don’t just focus on annual bonus or extra remuneration because as time goes by, we may not be ready for the bigger change or trend that may impact on us.
Like Warren Buffett said, “only when the tide goes out do you discover who’s been swimming naked.” We have to brace for changes in our life, our work, our organisation / industry, country, society, inter-nation relations, etc. Do not wait until you do not have the buffer / time to make a change.
In conclusion, bonus is good, essential and matters alot. But, look at a bigger picture. Prepare yourself for changes to come. The worst path would be that you may lose your current role (due to changes / new trends) and yet, you do not have any other alternative plan to embark on.