5

I am on the brink of saving my current employer approximately $2 million per year is it appropriate to ask for some type of monetary compensation beyond my salary?

  • 3
    did you lead this initiative, or are you being managed by someone, and the idea to save 2mill a year came from someone else? – bharal Aug 22 at 16:38
  • 8
    "I am on the brink..." Maybe you should wait until you have actually done it before asking for a reward. – sf02 Aug 22 at 16:55
  • 1
    What's the context of this savings? $2M to a company with a $10B budget might not be as big a deal as $2M to a company with a $5M budget. – dwizum Aug 22 at 16:56
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    are you going to pay them for any mistakes you make? – Tina_Sea Aug 22 at 18:35
  • 1
    That really depends. What is your role at this company? Were you tasked with finding savings? Or was/is this on your own initiative? What is the context? – onnoweb Aug 22 at 20:18
6

I am on the brink of saving my current employer approximately $2 million per year is it appropriate to ask for some type of monetary compensation beyond my salary?

Yes, it definitely is.

The company doesn't have too, but most good companies will offer up a significant bonus for this type of year to year savings.

The only other thing I would add is to make double sure you can back up the savings you are claiming.

2

Yes, but I would watch on how and when to bring the issue to them depending on your rank inside the company.

As like:

  • Some companies do annual meeting with each boss to quantify the bonus they can have.

  • Some companies do performance review of each team members for salary gain and bonus.

Keep in mind it can be harder to justify if you are inside a union, as often bonus or salary are standardized, but in such case you might receive a honorary reward.

0

You're in a good position to ask, so if you feel comfortable doing so, why not. I would not go into it expecting it. As Tina_sea alluded in comments, companies also take on the risks an employee brings. In return employees get relative stability.

The bigger questions surround your uniqueness vs. your simply being in the right place. Were you and you alone the key factor in this major savings or were you just the current cog in the machine assigned to fulfill it. Can the skills you leveraged to achieve this be replaced with reasonable effort or was this your brainchild that virtually no one else could have conceived much less created? Is there any reason to believe keeping you happy will lead you to the next $2M annual savings or was this an isolated incident?

Either way, asking rarely hurts once you've delivered value. Just make sure you ask knowing how replaceable your role in that savings was.

-2

One time our "team" (myself & one other) came up with a massive improvement in productivity we asked for a "bonus" - the supervisor just smiled and said "just doing your job, but doing it well, Well Done !!" and that was that.

We're looking for long answers that provide some explanation and context. Don't just give a one-line answer; explain why your answer is right, ideally with citations. Answers that don't include explanations may be removed.

  • The downvoters are the ones hoping they will get extra money... good luck, only if it is in the contract... – Solar Mike Aug 22 at 19:38
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    Sure, many companies will be like that - and those same companies can then forget about any of their employees again coming with any money-saving ideas, or doing anything beyond their regular duties. A smart company will reward people who accomplish significant productivity or cost improvements, in hope of motivating them to do it again, and motivating other employees to also do something like that. – Dragan Juric Aug 22 at 19:46
  • @DraganJuric welcome to the real world... – Solar Mike Aug 22 at 19:48
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    Not a downvoter, but I am sure the downvoters did it because you are just sharing an anecdote and not adding anything of substance. – patricksweeney Aug 22 at 20:15
  • @patricksweeney the substance is there, but if the OP comes back with "I did get a bonus" then that will be a bonus... but I won't hold my breath. – Solar Mike Aug 22 at 20:26

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