Should Eskom pay bonuses?

Should Eskom pay bonuses?

  • Yes

    Votes: 16 7.4%

  • No

    Votes: 201 92.6%
  • Total voters
    217
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.
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It's easily binary in the current situation, there is no money. If there was money to pay bonuses then the whole performance metric kicks in but with no money, it's actually being downright irresponsible to even consider it.
 
Kosmik said:
It's easily binary in the current situation, there is no money. If there was money to pay bonuses then the whole performance metric kicks in but with no money, it's actually being downright irresponsible to even consider it.
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It is always worthwhile going into debt more to retain key personnel. Whether they can actually do this accurately and effectively is another story, but this is a pretty common practice. Companies like Tesla have never been profitable.
 
cguy said:
It is always worthwhile going into debt more to retain key personnel. Whether they can actually do this accurately and effectively is another story, but this is a pretty common practice. Companies like Tesla have never been profitable.
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They can't. No-one will lend them money as they have already exhausted all avenues of debt besides hat in hand to taxpayers who are also gatvol. They are a classic example of throwing good money after bad.

You can't pay what you don't have. Bonus is NOT an entitlement, your salary and leave are.
 
Keep the lights on until 2030 straight with no load shedding and no stupid interruptions and then you can have billions in bonuses
 
rpm said:
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?
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I highly doubt a managerial staff member demanding a bonus for a year their organisation failed to provide is a "competent" staff member. In fact this is this type of thinking is exactly why Eskom is in its current predicament.
 
Kosmik said:
They can't. No-one will lend them money as they have already exhausted all avenues of debt besides hat in hand to taxpayers who are also gatvol. They are a classic example of throwing good money after bad.

You can't pay what you don't have. Bonus is NOT an entitlement, your salary and leave are.
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If they can’t get the money, there’s no point in even discussing this. They are, however, trying to cover this with yet-to-be-approved tariff increases.

Salary vs Bonus aren’t as simplistic as you make out. A certain amount of bonus is often expected, and if it doesn’t materialize, people will walk. For me, almost my entire income is bonus - if it’s too low, I will walk.

The other interesting point is that the people who are compensated disproportionately higher by performance bonuses are ideally those who do the best/most-critical jobs. Very often, “no bonus”, means losing the best employees and retaining the worst.
 
cguy said:
If they can’t get the money, there’s no point in even discussing this. They are, however, trying to cover this with yet-to-be-approved tariff increases.

Salary vs Bonus aren’t as simplistic as you make out. A certain amount of bonus is often expected, and if it doesn’t materialize, people will walk. For me, almost my entire income is bonus - if it’s too low, I will walk.

The other interesting point is that the people who are compensated disproportionately higher by performance bonuses are ideally those who do the best/most-critical jobs. Very often, “no bonus”, means losing the best employees and retaining the worst.
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It's extremely simplistic, they don't have the money.

Companies have closed, folks lost jobs or retrenchment due to the failure of electrical supply. The harm it's doing to South Africas small business economy is absolutely catastrophic and that is the segment of the market that the government says: be entrepreneurial, create jobs, etc. The economy cannot afford it. I'm all for bonuses being delayed/parked/accrued etc but if a business doesn't have money, it doesn't. The failure of unions and others to understand that is the biggest problem in this country.
 
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If I can't get a bonus this year, neither can anyone at a failing public company! :mad:




:)
 
Absolutely fukking no!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
rpm said:
I think there should be a simple rule - No profit, no bonuses (and even no salary increases). It is simple to implement and easy to justify.
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Oh that would be wonderful.
They simply hike up tariffs 10000000% and boom!. Instant profit.

They are an state owned monopoly. Their balance sheet should have a net profit of 0. Nothing more, nothing less.
 
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.
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It doesn't get any more binary than : R450 BILLION in debt + R1 BILLION extra debt every month = Sweet F All bonuses!!!!! I don't care that John in the tea room is doing his job. Why must taxpayers keep footing the bill for Eskom management incompetence, and the absolute failure of the ANC to do anything to improve SA?
 
Dairyfarmer said:
It doesn't get any more binary than : R450 BILLION in debt + R1 BILLION extra debt every month = Sweet F All bonuses!!!!! I don't care that John in the tea room is doing his job. Why must taxpayers keep footing the bill for Eskom management incompetence, and the absolute failure of the ANC to do anything to improve SA?
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If those working hard are hitting targets to getting eskom back on track (to a point where they are ahead of schedule) then why not?
 
They should do something like the Romans did with decimation.

The top 10% of employees get bonuses.
The rest get fired!
 
Excuse me but isn't Eskom the last people that should be giving advice about saving electricity or paying bonuses? How is it thay still think they have ANY authority on anything?
 
Those who voted "yes" probably are undercover Eskom employees...

IMO they don't deserve a bonus.

However, if somebody went above and beyond his/her call of duty to perform, and it is documented properly, then yes, but only to that specific person.
 
The incoming protests after a hard kickback against performance bonuses will be pretty bad. But none the less. This organisation needs to start eating the same fruits they planted.
 
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