Should Eskom pay bonuses?

Should Eskom pay bonuses?

  • Yes

    Votes: 16 7.4%

  • No

    Votes: 201 92.6%
  • Total voters
    217
rpm

rpm

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The recent report that Eskom plans to pay R1.8 billion in bonuses drew sharp criticism from many commentators. This raises the question:

Should Eskom pay bonuses?

If no, does it not run the risk of losing its only competent staff? If yes, how will Eskom ensure that the hard working and competent staff get bonuses?
 
This isn’t so binary: They should pay bonuses to those who are doing their jobs well, and not to those who don’t.

The above is regardless of profit. The better the company does, the larger the bonus pool becomes, but you never want to lose your best employees because the company isn’t doing well over all.

That said, I doubt that there is R1.8B of justifiable bonus there right now - probably low hundreds of millions.
 
I voted yes as there are people within Eskom who are definitely deserving of bonus's. The issues at Eskom are not the fault of the average worker, its the leadership and political interference. If you stop paying bonus to the hardworking guys who are trying to fix it they might just leave with skills Eskom now needs. So make it very selective, but yes, performance bonus's to reward the deserving are needed.
 
rpm said:
The recent report that Eskom plans to pay R1.8 billion in bonuses drew sharp criticism from many commentators. This raises the question:

Should Eskom pay bonuses?

If no, does it not run the risk of losing its only competent staff? If yes, how will Eskom ensure that the hard working and competent staff get bonuses?
Click to expand...

No, the country cannot afford it/the luxcury of it, and it would just indicate another act of inablility to work with money.
-Actually seeing the history, they can appreciate having a work at all.
-Eskom recent history is dragging the taxpayer down, themselves included.
-Bonusses are a luxcury for a prospering country/entity which is not the case yet, and that is after an honest profit.
-Just asking for a bonus in such circuimstances, is rather a Symptom of why the problems manifest in the 1st place.
-Eskom is far from running smoothly as planned/designed.
-The current management/workers must realise their effort will not be visible for some time to come......This is like rising from the ashes with the luxcury of having something rather than nothing like after a war.

--Even if you get a bonus now, it would be slurped up by the corrupt monster running wild, and quickly you will be back in the same miserable financial position as before the bonus or raise. Don't feed this monster.
Its a sad miserable state of affairs with no easy way out.....

-Those deserving the job should receive the pay/salary deserved which is part of the current process....

If the corruption processes funds can be retrieved successfully, and after the taxpayers are refunded, and Eskom runs as it should with cheap affordable basic resource called electricity, and funds left bunuses can be considered....Then you illustrated to the taxpayer you can work with money.
 
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Short answer is No, however, I'm sure Eskom has a number of critical personnel who keep the ship afloat doing the actual work, that small amount of individuals should receive attention/bonus on their performance individually.

EDIT: Also, if a company technically has no funds and a negative flow at that, it should not even be thinking about something like bonuses as those funds are required for operations.
 
gamer16 said:
Short answer is No, however, I'm sure Eskom has a number of critical personnel who keep the ship afloat doing the actual work, that small amount of individuals should receive attention/bonus on their performance individually.

EDIT: Also, if a company technically has no funds and a negative flow at that, it should not even be thinking about something like bonuses as those funds are required for operations.
Click to expand...

It should be running the numbers through the proper optimization logic. Even going into more debt to pay key personnel is better than losing them.
 
cguy said:
This isn’t so binary: They should pay bonuses to those who are doing their jobs well, and not to those who don’t.

The above is regardless of profit. The better the company does, the larger the bonus pool becomes, but you never want to lose your best employees because the company isn’t doing well over all.

That said, I doubt that there is R1.8B of justifiable bonus there right now - probably low hundreds of millions.
Click to expand...

I'm in total agreement with this. Regardless of the current overall poor corporate performance, there are people within Eskom who are probably doing a fantastic job to keep things running and the situation would probably be a lot worse without these people. They still deserve their bonuses, as losing them would have a massively detrimental effect on the organization. The challenge is to ensure that these individuals are correctly identified and that bonuses are paid out to them and not to undeserving individuals
 
Performance appraisal should be in place, those who have exceeded should be gifted a bonus.

Simple.
 
We're back at stage 2 loadshedding (where's stage 1?)
So... Why? How do you justify this? Nevermind the debt they have incurred. Do they expect to be rewarded for incompetence?
 
No issue with performance bonuses below a certain level, executive level bonuses (D Band and up) should be dependant on the entity making a profit (or at least breaking even and meeting its obligations to the country)
 
Cius said:
I voted yes as there are people within Eskom who are definitely deserving of bonus's. The issues at Eskom are not the fault of the average worker, its the leadership and political interference. If you stop paying bonus to the hardworking guys who are trying to fix it they might just leave with skills Eskom now needs. So make it very selective, but yes, performance bonus's to reward the deserving are needed.
Click to expand...

Trouble is, 90% of that R1.8B will be distributed among the management driving the company into the ground. The other 10% might maybe reach the hard-working few. Because who makes these decisions? The pigs at the top, the looters, the ones with their fingers stuck in the proverbial pie.
 
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