So they had an employee appreciation day at Stickittoyou U recently. All employees were given $25 gift cards to a big box department store. Very nice. Thanks!
Then week or so later I got my paycheck. It was smaller. Not a bank breaking amount, about the amount it would cost to buy lunch at the average sit down restaurant, but enough less that I was a little concerned about where that money went.
So I pulled up my check stub, and what, What, WHAT? They taxed the gift card. Because they added it to my “net salary” by the time taxes were applied I actually lost money. They taxed, as income, a gift card. Which was not like a prepaid Visa or something. I can’t use the gift card to pay bills, but yet it is considered income I have to pay taxes on, and then when I use it the store will charge me taxes on what I buy.
Thanks, but if given the option, I’d have passed on a gift that would ultimately cost me more money than it was worth.
Employee appreciation my ass. I suppose it was well meaning, but it’s kind of hard to feel grateful when I make less than industry standard, less than I made before I spent 50K on an education, and the “appreciation” gift requires me to give up money out of my already puny paycheck.
And, when I went to complain to the HR person, I found out that the new Dean, who made the decision to bestow these “gifts” was warned that they would cause the recipients to be taxed, but in her wisdom still seemed to think people would prefer to be awarded a gift that caused a deduction in pay.
Thanks new Dean. I hope you made lots of devoted fans out of your employees. I know I am just pleased as punch. I will think of you oh so fondly and be oh so grateful for my job when I can’t afford to buy lunch this week.
Janie's Place 