Breaking News
Blog

Echoes of bonuses past dance in our heads

NO RATINGS
View Comments: Newest First | Oldest First | Threaded View
DrQuine
User Rank
CEO
re: Echoes of bonuses past dance in our heads
DrQuine   11/28/2010 2:48:02 PM
NO RATINGS
My Fortune 500 employer used to pay a $500 patent bonus (to each inventor regardless of the number) at time of patent application filing. They also paid $50 for each foreign country filing. Recently that was revised to a flat $650 payment per patent (USA and foreign combined). Paying upon filing is more motivational than upon award of the patent since patent approval takes so long and is uncertain.

zeeglen
User Rank
Blogger
re: Echoes of bonuses past dance in our heads
zeeglen   11/24/2010 10:39:12 PM
NO RATINGS
Do you remember when a vendor's marketing team would bring in their dog and pony show and a free lunch to any engineers who were willing to spend a Friday lunch hour listening to the sales pitch? This used to occur every couple months. Pizza, deli sandwiches, and often the sales pitch and technical discussion really was informative. R.A. Heinlein was not entirely correct. Sometimes there really is a such a thing as a free lunch, especially when the provider believes it could result in a future sale worth millions. Those days are long gone.

zeeglen
User Rank
Blogger
re: Echoes of bonuses past dance in our heads
zeeglen   11/24/2010 10:29:56 PM
NO RATINGS
Not sure, other than the co-inventor (mechanical) who did remain got his award. Value was about equal to a mortgage payment, which can make a lot of difference when one is scrambling between jobs.

Robotics Developer
User Rank
Rookie
re: Echoes of bonuses past dance in our heads
Robotics Developer   11/24/2010 9:30:14 PM
NO RATINGS
I hear about such wonderful things as holiday bonuses, holiday parties, cost of living raises, merit based increases and wistfully remember the good ole days. It has been too long that all these "standard practices" went the way of the dodo, driven in part by the economy and in part by the short term "gotta be profitable for the shareholders" mentality. It seems that no one recognizes the value of experience or even employees anymore, it feels more like engineers are treated like bricks (one size fits all). When the jobs return and the hiring starts (and it will if history has any bearing on the future) the profitable companies that made the employees pay to achieve profits will lose their most valued resource their people. Only the smart companies will keep good employees if they have treated them fairly. Time will tell, I do remember the old day though....

rick merritt
User Rank
Blogger
re: Echoes of bonuses past dance in our heads
rick merritt   11/24/2010 6:39:58 PM
NO RATINGS
@zeeglen: Ouch! Are others still getting bonuses for patents? If so, how much?

zeeglen
User Rank
Blogger
re: Echoes of bonuses past dance in our heads
zeeglen   11/24/2010 4:14:59 PM
NO RATINGS
A former employer used to give 'Patent Awards' to encourage workers to file patents. I did so, naming 2 co-inventors while of course handing over rights to the invention to the employer (a standard condition of employment). Then a massive downsizing threw one co-inventor and myself out onto the street. When the patent was finally issued we did not qualify for the cash patent award because we were no longer employed by that company.

Bob.Vangen
User Rank
Rookie
re: Echoes of bonuses past dance in our heads
Bob.Vangen   11/24/2010 2:22:55 PM
NO RATINGS
You can't blame the CEO. The CEO received a bonus for meeting contractual objectives (probably for cutting employees, denying bonuses, etc.). The blame belongs with the Board of Directors for agreeing to such short sighted foolishness. When times are tough, the workers must keep their powder dry (and sharpening their skills) in anticipation of better times with other companies. I don't want healing, I want revenge!

Dave.Dykstra
User Rank
Rookie
re: Echoes of bonuses past dance in our heads
Dave.Dykstra   11/24/2010 1:07:20 AM
NO RATINGS
Well said Rick. I've never really seen big holiday bonuses (the large (?) bonuses were at the end of the fiscal, not calendar, year), but the fact that there was some holiday bonus (and maybe even a company sponsored holiday party) was certainly welcomed by all. And yes, this is still a great industry to be in.

Most Recent Comments
NIRANKUSH456
 
NIRANKUSH456
 
David Ashton
 
Rich Krajewski
 
sranje
 
MeasurementBlues
 
MeasurementBlues
 
Sanjib.A
 
David Ashton
Navigate to Related Links
Flash Poll
Radio
LATEST ARCHIVED BROADCAST
Join our online Radio Show on Friday 11th July starting at 2:00pm Eastern, when EETimes editor of all things fun and interesting, Max Maxfield, and embedded systems expert, Jack Ganssle, will debate as to just what is, and is not, and embedded system.
Like Us on Facebook

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)
EE Times on Twitter
EE Times Twitter Feed
Top Comments of the Week