Local Employers Have Varying Holiday Bonus Plans
POSTED: Wednesday, December 3, 2008
UPDATED: 6:33 pm CST December 3,
2008
SAN ANTONIO -- One of San Antonio's largest employers is having trouble filling its employees' stocking with holiday bonuses.
"When you take a $6 million hit to your bottom line, obviously some things have to give," said Northside Independent School District spokesman Pascual Gonzalez.
The school district is cutting its retention incentive program due to a large decrease on its interest earned investments, he said. In previous years, the district 13,000 employees received a $500 bonus in December, but no more.
"I'm sure that all employees, including myself, are disappointed that this retention stiped is not going to happen this year," he said.
Some of the city's other large employers have varying availability of holiday bonuses. A spokesman with Valero said the company doesn't give holiday bonuses, USAA employees receive two additional weeks of pay as a bonus and H-E-B wouldn't reveal if its provides bonuses. Rackspace, an Internet hosting company, doesn't provide holiday bonuses, but does award performance-based bonuses every quarter, according to a company spokeswoman.
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