T.R | Title | User | Personal Name | Date | Lines |
---|
259.1 | The Sales Force Maybe? | RETORT::PHIPPS | | Fri Jan 30 1987 12:52 | 4 |
| I seem to remember a discussion over in the MARKETING file about the sales
force getting some kind of bonuses. That may be where your rumor came from.
Mike
|
259.2 | Bonus for sales force | KIRIN::R_MISKOWITCH | | Fri Jan 30 1987 17:46 | 12 |
| I heard of bonuses for the sales force. I believe it is called
the 4-8-12 program. The way it works is they take the top ten
percent of sales force, in percent of budget. This group of people
is divided into three groups. The top 1/3 gets $12,000, the middle
1/3 gets $8,000, and the bottom 1/3 gets $4,000. It is reguarded
as a one time bonus and not a sales commission. This program has
not gotton too much publicity outside of sales, probably so as not
to cause discontent with the rest of the DECworld. I think this
might be what you heard about, if not I am kind of curious.
Rob,
|
259.3 | | JOET::JOET | Deatht�ngue lives! | Sat Jan 31 1987 17:07 | 6 |
| I heard that the little bit of stock that we've been getting for the
past couple of years (based on salary) is no longer legal and that
whatever we have accrued will be given to us in cash pretty soon.
Could this be the same thing? Is it true?
-joet
|
259.4 | | SDSVAX::SWEENEY | Pat Sweeney | Sat Jan 31 1987 18:21 | 14 |
| re: 259.3
The "Stock-as-a-gift-plan" officially known as the Employee Stock
Ownership Plan is terminated. The Employee Stock Purchase Plan
continues and other plans continue as well. This was announced
in a two inch article in DECWORLD last issue I believe. The reason
is that the legislation which gave DEC a tax break for the ESOP
expired or was repealed. There's likely to be more detail in
NY1MM::INVESTING.
re: 259.* Bonuses
The full story, and I mean full, is covered in notes 187 and 244
in HUMAN::MARKETING.
|
259.5 | | WHOARU::WONG | The Mad Chinaman | Sat Jan 31 1987 22:07 | 13 |
| I remember hearing of something called the "Victory Program" (I
could be wrong...it was a while ago) where they would make cash
awards to people going that extra mile to do their job well.
I remember something about "x" percentage out of each group manager's
engineers would get something...I don't know how often this would
occur.
...of course it's been awhile since I heard it so maybe they decided
to forget it??????
The Mad Chinaman
|
259.6 | Still no real info | REGENT::GETTYS | Bob Gettys N1BRM | Sun Feb 01 1987 19:24 | 15 |
| Re .4
MARKETING note 187 doesn't have any bearing on the
subject. Which one did you mean, Pat? (I looked around nearby,
but didn't find anything.) Note 244 explained the Sales Force
Bonuses in some detail (assuming accuracy).
BUT - What I am refering to is NOT the Sales Force
Bonuses (unless grossly distorted by word of mouth). I will
still not put any more details in here until I have some
confirmation of its accuracy, but it was obvious from what I
heard (if true) that it was aimed at DEC in general (again
assuming what I heard was true).
/s/ Bob
|
259.7 | Patent bonus? | MAY13::MINOW | Martin Minow, MSD A/D, THUNDR::MINOW | Mon Feb 02 1987 14:12 | 13 |
| Perhaps you're thinking of the patent award program -- if you've
ever invented something that Dec patented, you're in for a little
treat. If you have more than one invention, you get a bigger treat.
If there are large numbers of inventions in your names, the bonuses
get better and better.
I don't recall the exact numbers involved: I think it starts at $500
for the first invention.
Can't wait for the check.
Martin.
|
259.8 | | SDSVAX::SWEENEY | Pat Sweeney | Tue Feb 03 1987 18:05 | 9 |
| MARKETING note 187 has the complete text of the latest Business Week
article on Digital. It mentions the fact that Digital is offering
bonuses to its sales force. This was the first time that the public
learned that we had any cash incentives for the sales force. MARKETING
note 244 is more or less a debate on the wisdom of offering bonuses to
the sales force.
Bob Gettys is correct. There is no discussion of bonuses paid to
anyone who isn't a sales rep.
|
259.9 | | CAMLOT::DAVIS | Now *this* is a winter! | Tue Feb 03 1987 23:09 | 6 |
| I talked with our Personnel consultant after our Salary
Management System (re-)training session Monday and asked
him specifically about this rumor... no truth to it...
Marge
|
259.10 | hmmmmmmmmmmmmmmm | BPOV09::MIOLA | Phantom | Wed Feb 04 1987 08:03 | 5 |
|
funny, that's different than what we got from our personnel.
We were told it was being discussed only.
|
259.11 | VICTORY - it's a fact | TSG::GOLDSTEIN | | Wed Feb 04 1987 17:43 | 14 |
| As far as I know, the VICTORY program is alive and well...at least
for any organization that is a part of P&DS (part of Central
Engineering?)
The way it was explained to us: Cash awards, up to $500.00 will
be awarded to people who accomplish some type of special something.
No real specifics were given, other than someone showed extra-ordinary
effort to get a major project completed on time, people who win
awards for special achievements, etc. I'm not sure, but I think
it's up to manager to nominate people for these cash bonuses. So
far, no one here in TSG has received one.
jg
|
259.12 | big deal | WORDS::BADGER | Can Do! | Thu Feb 05 1987 12:38 | 11 |
|
An awards program was started in or organization. Big deal.
they gave our team a five way split on a $300 award.
a $60 coupon to a local restraunt. and we had to stand up in front
of a large group to get it. Stupid. We're not gonning to work
any less, but I doubt that the award has influenced anyone to go
any harder.]
and I'm probably goning to have to pay taxes on it next year!
arrrrrrrrrrrrrrrrggg!.
ed
|
259.13 | | ULTRA::HERBISON | B.J. [Digital Internal Use Only] | Thu Feb 05 1987 14:17 | 18 |
| This is not a rumor. The manager of our group just told us
about an award program being set up for us. Several other
organizations were mentioned as having programs, or as in the
process of setting up a program.
Each organization can set up their own program, with certain
guidelines. The maximum number of awards per year for a group
is 10% of the number of people (but, as mentioned in .12, one
award can be split between several people). The awards can
range from $100 to $500.
For our organization, members of the group staff nominate
employees for the awards. A review occurs, and award may be
given, quarterly. It is not guaranteed that all of the awards
will be used. The awards are for doing something special and
are limited to Principle Engineer [Supervisor] or below.
B.J.
|
259.14 | Sounds like another version of the Excellence Awards! | CSC32::VICKREY | IF(i_think) THEN(i_am) ELSE(stop) | Thu Feb 05 1987 18:56 | 0 |
259.15 | My principle says I have no principals | ULTRA::HERBISON | B.J. [Digital Internal Use Only] | Fri Feb 06 1987 11:18 | 11 |
| Re: .13
In case anyone was wondering, my group is not limiting awards
to engineers with principles, but to Principal Engineers
and below. (I hope this is more restrictive than the way
I first described it.)
[Those who noticed my error, thanks for letting me make a
public fool of myself rather than doing it for me.]
B.J.
|
259.16 | An AWARD program, _NOT_ a bonus | RSTS32::DELBALSO | | Tue Feb 17 1987 15:16 | 8 |
| As in .11 and .13, MSD (Micro Systems Development - uVAXes and PDP-11
HW/SW) began a program like this last quarter. Awards in the vicinity
mentioned are presented at a quarterly banquet in Maynard as I recall.
Our CC additionally recognizes people that deserve it with dinner
for two occasionally - nothing outstanding but it is our policy.
-Jack
|
259.17 | | WFOVX3::KLEINBERGER | misery IS optional | Thu Feb 19 1987 09:06 | 144 |
| The following is what is under consideration at one plant within DEC.
It has NOT been adopted to my knowledge, but passed around for
consideraton...
Maybe this is what .0 heard of???....
**********************************************************************
Subject: TWO PROPOSALS
Please read the following two proposals for discussion
at the BOD meeting.
Special Recognition Reward Program
The purpose of this program is to enable local management
to recognize employees for outstanding accomplishments
towards job related and/or organizational goals.
Objectives:
To give special recognition and reward to those employees
whose behavior is such that it not only has a positive effect
but also leads to changes in the environment of the <name of DEC>
plant.
Responsibilities:
Functional managers will have the responsibility for maintaining
the reward system within his/her own business and will include
the cost of the reward program in their respective budgets.
All organizations must maintain proper records of award sizes
and names of recipients.
Chairperson (BOD member) and Compensation Manager to form a
committee to act as a review board.
Identifying Reward Recipient:
The following is a list of some areas that could be considered
for rewards. This list in not all inclusive but may be used as
a guideline.
- The performance observed is beyond the limits of the
incumbent's assigned duties and responsibilities.
- It clearly benefited the organization; resulted in
something which might not otherwise have occurred.
- Involved extraordinary effort and/or extra hours.
- It may have been undertaken voluntarily and on the
initiative of the employee.
- The results were clearly the consequence of his/her own
efforts/skill.
- Usually performed within a short time frame, say less
than six months.
- May involve unusually creative thinking or problem-
solving behavior.
- Modeled behavior for others to follow.
Eligibility:
All Plant Digital employees
Awards:
- Formal statement of recognition
Example: Letter
Plaque
Picture
New Article
- Where appropriate to positively reinforce the recognition,
$100 - $500 cash or cash equivalent (taxable).
Examples of Equivalent:
Dinner for Two
Night on the Town
Gift Certificate
Parking Space
Proposal No. 2
Employees Activities Committee
Objective:
To facilitate the participation of all employees in the
<name of DEC> Plant activities.
Purpose:
The activities of the Plant become the
responsibility of its employees.
Design:
Committee to be comprised of Chairperson (BOD member),
Compensation Manager, and others.
Selection of committee members encompasses all shifts.
Initial membership on committee designated by the
Functional Managers.
Membership will be on a rotating basis. Maximum time not
to exceed eighteen (18) months. Succeeding membership
will be on a nomination basis.
Managers to recognize this group as a legitimate committee
and allow time for employees to serve.
All Westfield plant activities to come under the jurisdiction
of the group and to be coordinated by them.
Examples:
Sports Groups
Special trips
Fund raisers (all, i.e., United Way, etc.)
Turkey Distribution
Open House
Picnic
Appreciation Date
Contribution Committee
Etc.
Committee to have regularly scheduled meetings and publish
minutes.
Sub-committee formed by this group will be accountable to and
will be the responsibility of the Plant Committee.
Charter and purpose will be drafted by this committee and
reviewed by BOD members for approval.
|
259.18 | Awards show appreciation | GOBLIN::MCVAY | It's always darkest before it turns pitch black. | Thu Feb 19 1987 12:20 | 8 |
| I've been in several groups where awards were given out, either
openly or under-the-table. These were things like dinner for two,
up to some pretty significant awards, such as stock options. (Stock
options have to be aboveboard, 'cause they require VP approval).
I'm in favor of all such incentive systems, no matter how small,
because they do show managers care. (In other words, I take exactly
the opposite attitude of the 'thankless recipient' of an aware a
few replies back. 8*] )
|
259.19 | | VAXWRK::SKALTSIS | Deb | Thu Feb 19 1987 12:56 | 6 |
| RE: .17
Parking spaces??? In all my years at DEC I've never heard of
reserved parking spaces. I guess our corporate culture is changing.
Deb
|
259.20 | Temporary spaces are not a bad idea | DENTON::AMARTIN | Alan H. Martin | Thu Feb 19 1987 22:55 | 12 |
| Re .19:
You jogged my memory. A few years ago I remember seeing some spaces set
aside for a few people who submitted good suggestion box entries. Each
space had a sign in it with the employees name on it, and was only good for
a couple of months or so. I think it was for MR1-3 manufacturing. If the
spaces were in the upper lot at MR, then the program could still be taking
place - I stopped parking up there a year or two ago.
I find the idea of temporary parking spaces quite acceptable, just as I shy
away from the idea of permanent parking spaces for VIPs.
/AHM
|
259.21 | 'Way off the subject, but... | GOBLIN::MCVAY | Pete McVay, VRO Telecom | Mon Feb 23 1987 19:33 | 18 |
| re: .19, 20
I am probably the only employee in DEC outside of KO himself to
have had a reserved parking space (more or less).
I was in the first group of ten people to move into the Bedford
training facility. The building would soon be crowded, but there
were other tenants at that time, including a small hi-tech firm
that had reserved parking spaces for its employees, right at the
plant entrance. After about a year, they finally moved out; but
the site maintenance groups were so overworked that the reserved
signs stayed up for months. I was apparently the only person who
noticed that these spaces were available, and picked out the best
one (VP of Sales) for myself.
The signs were up for months. In fact, when they were finally taken
down, I *still* had my reserved space! People were so used to seeing
my car there that the space was left open almost every morning.
|
259.22 | Ok, its our turn!! | PUFFIN::OGRADY | George, ISWS 297-4183 | Wed Feb 25 1987 09:40 | 22 |
|
Ok. I'm cocky this morning so here's what I think.....
If you were around for the fy84 freeze/stock drop/bad times or whatever
you want to call it, I think its about time we were rewarded. What
do you think? We sacrficed and did what we could for our company. We've
worked hard and now our company is doing *great*. So here's what
I suggest; I would estimate there are about 75K employess still
with the company who were around at "freeze" time. I'll accept
adjustments to this number, its only a ruff estimate. Now, as of
last count, we have 2.5 billion in cash. I say give a token bonus
to all those who stayed on and did there job to help us out of bad
times. If the bonus was $500 we talking about 37.5 million to the
employees. That still leaves us with 2.46 billion in cash.
Hi, Ken.....whada ya think?
Just another g*@#*#& opinion :-)
GOG
|
259.23 | Can I have mine in stock? | VCQUAL::THOMPSON | Noter of the LoST ARK | Wed Feb 25 1987 11:33 | 1 |
|
|
259.24 | done | PUFFIN::OGRADY | George, ISWS 297-4183 | Wed Feb 25 1987 12:19 | 3 |
|
re -.1 Ok. I'll amend the proposal, cash or *stock*.....
|
259.25 | Salary Continuation Plan | EDISON::MASSEY | | Wed Feb 25 1987 16:34 | 6 |
| re: .22 and .24 Doing your job is known as "the salary continuation
plan". Or would you like to have a 6% salary
reduction like a certain company up the highway
who didn't do so good in the past few years.
|
259.26 | Comparing apples to oranges... | PUFFIN::OGRADY | George, ISWS 297-4183 | Thu Feb 26 1987 09:14 | 15 |
|
re .25 That certain company "up the highway" is obviously doing
poorly and it reflects in the cost cutting measures it is now
undertaking. My point is we are not doing porrly, we are doing
quite well. Why not share the wealth with those who sacrificed
some early on. Where would DIGITAL be if we hadn't all pulled together
and "bit the bullet"?
I enjoy my "salary continuation plan" and plan on enjoying it for
a long time. But, it time to get returns and investments.....
as I said before....just an opinion....
GOG
|
259.27 | It's happening | DELNI::FERGUSON | | Sat Feb 28 1987 21:06 | 4 |
| Engineering is implementing a recognition very similar to the first
proposal in .17.
John
|
259.28 | Already got mine! | HUMAN::CONKLIN | Peter Conklin | Sun Mar 01 1987 15:27 | 10 |
| re: .22 "OK, its our turn!!"
"I say give a token bonus to all those who stayed on and did there
(sic) job to help us out of bad times. If the bonus was $500 we (sic)
talking about 37.5 million to the employees."
Gee. I'm in the Employee Stock Purchase Plan. I've gotten mine already
in December. And it sure looks like I'm going to get more in June.
In fact, it is so motivating, I plan to do everything I can that
the stock keeps climbing and I will keep getting more from it....
|
259.29 | You didn't really get yours | PUFFIN::OGRADY | George, ISWS 297-4183 | Wed Mar 04 1987 12:57 | 7 |
|
re .28
Come on, Peter. I understand the benefits. All I'm saying
is a one-time bonus. The Stock plan was alive and well during
hardtimes. The stock plan doesn't replace 6 months worth of wage
freezes nor the cut back in planned increases that were implemented.
|
259.30 | | POTARU::QUODLING | Nostalgia ain't what it used to be... | Wed Mar 04 1987 17:49 | 20 |
| re .-2
> "I say give a token bonus to all those who stayed on and did there
> (sic) job to help us out of bad times. If the bonus was $500 we (sic)
> talking about 37.5 million to the employees."
For a corporation with in excess of 2.5 Billion in Cash reserves,
a 40 Million dollar incentive, would be a drop in the bucket.
> Gee. I'm in the Employee Stock Purchase Plan. I've gotten mine already
> in December. And it sure looks like I'm going to get more in June.
> In fact, it is so motivating, I plan to do everything I can that
> the stock keeps climbing and I will keep getting more from it....
Then, of course, there are those of us that do not get the
opportunity to enjoy the stock purchase plan. Looks like the
only way to buy stock is to live in the Continental U.S.
q
|
259.31 | You poor Aussies...forgotten again :-) | PUFFIN::OGRADY | George, ISWS 297-4183 | Thu Mar 05 1987 09:16 | 11 |
|
Sorry, Q...How could we forget you guys...you want you bonus in
American dollars? :-) Or maybe in the form of a Cup? :-)
Again, my point is the "token" bonus would reach everyone and show
the equalness of the sacrifice on the international level, not just
in the States. Hey, when things go bad in Maynard, things go bad
in Sydney...
GOG
|
259.32 | | COVERT::COVERT | John R. Covert | Thu Mar 05 1987 12:37 | 8 |
| > Looks like the only way to buy stock is to live in the Continental U.S.
Wrong.
Employees in many countries can enjoy the benefits of the stock purchase plan.
The U.K. and Germany immediately come to mind.
/john
|
259.33 | | PUFFIN::OGRADY | George, ISWS 297-4183 | Thu Mar 05 1987 13:21 | 9 |
|
John,
Is the stock for the European Corp/sub or is it the U.S corp?
GOG
ps. Love your picture in DTW.....
|
259.34 | Yea, in the form of a Cup! | NEDVAX::VARANESE | Imagination is the root of progress | Thu Mar 05 1987 13:38 | 14 |
| Re: .31
I hereby donate my bonus back to digital with the understanding
that it be used to help mount a campaign by digital to win the next
America's cup race and place the cup in the mill in or maybe in
the computer museum. I can see the the the big grey spinnaker already,
it says: "digital has it(the cup) now(also)!!
The cup races are now high tech. We have it lets flaunt it!
Bill v.
very close to:
America's Cup Ave
Newport, RI
|
259.35 | Digital Had it Then | MAY20::MINOW | I need a vacation | Thu Mar 05 1987 16:45 | 20 |
| > I hereby donate my bonus back to digital with the understanding
> that it be used to help mount a campaign by digital to win the next
> America's cup race and place the cup in the mill in or maybe in
> the computer museum. I can see the the the big grey spinnaker already,
> it says: "digital has it(the cup) now(also)!!
We tried that in the mid-70's. The Swedish entry in the America's cup
was partially designed on the Stockholm office PDP-8 (by a Dec salesman,
Anders Nordin, who was world champion in the Soling class). The boat
had a PDP-11 onboard (I think it was the first to have an on-board
micro) which was run by a Dec f/s engineer (also a world class sailor)
and programmed by a variety of Stockolm office hackers including a
non-world class sailor and ex-software specialst whose name modesty
prevents me from mentioning.
Unfortunately, having a good computer wasn't good enough, and Sverige
was beaten in the finals by the Australian entry.
Martin.
|
259.36 | We already won it | HUMAN::CONKLIN | Peter Conklin | Thu Mar 05 1987 23:37 | 2 |
| Ahh, but this year, due to fantastic prognostication, DEC ensured
it would be the winner. It always helps to bet on both finalists!
|
259.37 | | ECC::JAERVINEN | I'm apathetic and I don't care. | Fri Mar 06 1987 04:26 | 7 |
| re 32, 33: I think France also has a stock plan.
The only thing the stock plan doesn't exist in every country ine
Europe (as far as I know) are the local laws.
The stock us U.S. corporate stock. Subsidiary stock is not for sale.
|