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Made in de
Booming Thunderer




Hamburg

https://www.theguardian.com/business/2021/jul/27/warhammer-maker-games-workshop-hands-staff-5000-bonus-after-lockdown-sales-surge

Warhammer retailer Games Workshop is handing its shop workers, model makers, designers and support staff a £5,000 bonus after sales and profits surged during the pandemic.

The Nottingham-based company behind the popular fantasygame and Lord of the Rings figurines said its 2,600 ordinary workers would split a £10.6m special bonus on top of a £2.6m profit share.

Senior managers will share an extra £1.1m bonus pot, up from £300,000 the year before, after sales rose by just over a third to £361m and pretax profits soared almost 70% to £151m.

The company has also cancelled business rates relief and other pandemic financial support from the government.


Looks like things are going well over in GW land.

   
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United Kingdom

A new Cursed City game, in which players try to liberate the populace from an undead ruler, had sold out quickly.
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And just a few days after the other thing...how lucky

Also The Guardian is a shambles largely written by and for toddlers (said as a grumpy old leftie)

This message was edited 1 time. Last update was at 2021/07/27 14:09:40


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 Turnip Jedi wrote:
And just a few days after the other thing...how lucky

Also The Guardian is a shambles largely written by and for toddlers


I was just joking and you already did parody yourself.

Sarouan wrote:
beast_gts wrote:
TheGoodGerman just started this thread - GW employee bonus. Key point:

Warhammer retailer Games Workshop is handing its shop workers, model makers, designers and support staff a £5,000 bonus after sales and profits surged during the pandemic.

The Nottingham-based company behind the popular fantasygame and Lord of the Rings figurines said its 2,600 ordinary workers would split a £10.6m special bonus on top of a £2.6m profit share.

Senior managers will share an extra £1.1m bonus pot, up from £300,000 the year before, after sales rose by just over a third to £361m and pretax profits soared almost 70% to £151m.

The company has also cancelled business rates relief and other pandemic financial support from the government.


Which is obviously a conspiration from GW to shut the terrible testimonies from James and Sophie. Open your eyes ! Hate GW !
   
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Good. The workers should get bonuses instead of more payout to shareholders.

   
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 Daedalus81 wrote:
Good. The workers should get bonuses instead of more payout to shareholders.


The workers should receive appropriate salaries.
   
Made in us
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Blastaar wrote:
 Daedalus81 wrote:
Good. The workers should get bonuses instead of more payout to shareholders.


The workers should receive appropriate salaries.


Since I don't have that info I can't comment on whether or not that is true.

   
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Did Fulgrim Just Behead Ferrus?





The Netherlands

Blastaar wrote:
 Daedalus81 wrote:
Good. The workers should get bonuses instead of more payout to shareholders.


The workers should receive appropriate salaries.


That sounds like Marxism to me!

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Made in de
Booming Thunderer




Hamburg

 Daedalus81 wrote:
Good. The workers should get bonuses instead of more payout to shareholders.


Well, I think they‘ll need to keep their shareholders happy and do both.

Also, funny I wasn‘t even aware of the other discussion about salaries etc. But I don‘t think it’s a secret that the games industry does not pay their footsoldiers well in general (just look at computer games for example).


Automatically Appended Next Post:
 Turnip Jedi wrote:
Also The Guardian is a shambles largely written by and for toddlers (said as a grumpy old leftie)

If you say so. But while that might or might not be true, I don‘t see how it would affect the credibility of this report on an official company statement?

This message was edited 2 times. Last update was at 2021/07/27 14:30:40


 
   
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TheGoodGerman wrote:


Well, I think they‘ll need to keep their shareholders happy and do both.

Also, funny I wasn‘t even aware of the other discussion about salaries etc. But I don‘t think it’s a secret that the games industry does not pay their footsoldiers well in general (just look at computer games for example).


The only data point I have is that Rountree is currently paid ( including pension and shares ) 775K pounds, which is ~24 times the average UK salary compared with the US CEOs being in the 270x range.

   
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UK

 Turnip Jedi wrote:
Also The Guardian is a shambles largely written by and for toddlers (said as a grumpy old leftie)

Student Grant's and Modern Parents, I'd say. To reference another publication of note.

But a nice touch from GW assuming not too many catches, if we're giving them a rightful kicking for salary differentials and HR and management ... being HR and management, we should grudgingly acknowledge when they do something for the PBI.
   
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Pilum wrote:
But a nice touch from GW assuming not too many catches, if we're giving them a rightful kicking for salary differentials and HR and management ... being HR and management, we should grudgingly acknowledge when they do something for the PBI.


Should we though? Bonuses aren't reliable income. They're a successful company that, by the sounds of it, doesn't pay its staff particularly well. That they threw their staff a bone is better than nothing, but they should be giving back more to them in a more sustained form.
   
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The Guardian is a decent paper imo, probably the only one left.

*edited for a typo. oh the irony

This message was edited 1 time. Last update was at 2021/07/27 15:00:33


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North Carolina

 Daedalus81 wrote:
TheGoodGerman wrote:


Well, I think they‘ll need to keep their shareholders happy and do both.

Also, funny I wasn‘t even aware of the other discussion about salaries etc. But I don‘t think it’s a secret that the games industry does not pay their footsoldiers well in general (just look at computer games for example).


The only data point I have is that Rountree is currently paid ( including pension and shares ) 775K pounds, which is ~24 times the average UK salary compared with the US CEOs being in the 270x range.


Looks like that's on the top 350 companies (https://www.cnbc.com/2019/08/16/ceos-see-pay-grow-1000percent-and-now-make-278-times-the-average-worker.html)

That's a lot but it's largely due to the bonkers run the stock market has had since the great recession.

I will admit, I'm a little surprised. I figured Rountree's salary would be higher.
   
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Longtime Dakkanaut




guardian UK has gotten to the point where guardian US has stated (once or twice) that their beliefs are not the beliefs of the US guardian team.

Regardless of the source, bonuses are nice, but salary raises are better for the employees long term, so perhaps the money should've been used for that.
   
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Blastaar wrote:
 Daedalus81 wrote:
Good. The workers should get bonuses instead of more payout to shareholders.


The workers should receive appropriate salaries.

Shouldn't they just be happy that they work for GW?
   
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Warwickscire

Think they deserve it
   
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These aren’t uncommon. I got a bonus as a till monkey back in 2010.

And they’ve dished out others over the years.

TL/DR? This isn’t to counter those Twitter posts.

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Congrats GW, but I feel I should get a bonus considering how much I've spent with them recently

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A £5k bonus is not bad if we consider that the employees receiving this bonus earn about £20k a year, some probably less than that. Of course the good thing for those people running the company is that this does not represent an ongoing liability, the bonus is discretionary so doesn't need to be paid again.

I have read of GW paying relatively sizable bonuses before. About 10 years ago (maybe more) it paid its staff a £1k bonus. even though sales had been declining year on year for various years.

A decent wage for employees and sensible prices to the consumers would be even more welcome, this is better than nothing though.

This message was edited 1 time. Last update was at 2021/07/27 15:39:51


 
   
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GW has 2,191 employees which works when you divide the 10.6M by 5K.

The pay rises across the board amounted to 7.8%, which is pretty hefty by normal standards.

Total staff costs are 99.9M making the average salary at GW a bit above 45K pounds as an average.



This message was edited 1 time. Last update was at 2021/07/27 17:42:07


   
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North Carolina

 Daedalus81 wrote:
GW has 2,191 employees which works when you divide the 10.6M by 5K.

The pay rises across the board amounted to 7.8%, which is pretty hefty by normal standards.

Total staff costs are 99.9M making the average salary at GW a bit above 45K pounds as an average.





Eh, I don't know about that. You can't assume 100% of staff costs are salary. No clue how benefits packages work in the UK or whether they are part of this, but there's likely still other overhead that would go into a "staff cost" number. I would be pretty surprised if the average salary was over twice what Hewitt was making (even though I wouldn't be surprised if he was making below the median.)

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 Gene St. Ealer wrote:
 Daedalus81 wrote:
GW has 2,191 employees which works when you divide the 10.6M by 5K.

The pay rises across the board amounted to 7.8%, which is pretty hefty by normal standards.

Total staff costs are 99.9M making the average salary at GW a bit above 45K pounds as an average.





Eh, I don't know about that. You can't assume 100% of staff costs are salary. No clue how benefits packages work in the UK or whether they are part of this, but there's likely still other overhead that would go into a "staff cost" number. I would be pretty surprised if the average salary was over twice what Hewitt was making (even though I wouldn't be surprised if he was making below the median.)

Levels.fyi for hobbyists when?


Yes, very true about the total staff costs probably not relating 100% to the wages paid. For example in the UK all employers pay 13.8% of an employee’s salary as National Insurance contributions. This is on top of the employee National Insurance contributions and is not included when discussing salaries.There may be other costs too which are factored in to the total staff costs of £99.9M.

Also average salaries are probably not very useful when looking at a company the size of GW. The senior managers may be paid significantly more than shop staff, developers, tool operators, etc... which would skew the average salary upwards.
   
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Austria

45k as average, but we know that at least one gets ~700k, so there must be many who get much less than 45k to make up for that


Much more interesting about this article is the talk about Russia and China, to get into those markets with translations

overall this looks very much like a "damage control" thing in 2 ways
first to counter the "close to minimum wage" talks of the last days, but also to secure investors that the "new hot thing" is just not one time but that the market will grow much bigger by going into China

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El Torro wrote:

Also average salaries are probably not very useful when looking at a company the size of GW. The senior managers may be paid significantly more than shop staff, developers, tool operators, etc... which would skew the average salary upwards.


That's why discussions about "average" salaries usually use the median for comparisons rather than the arithmetic mean.

This message was edited 1 time. Last update was at 2021/07/27 19:42:30


 
   
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Segmentum Solar

 kodos wrote:

overall this looks very much like a "damage control" thing in 2 ways
first to counter the "close to minimum wage" talks of the last days, but also to secure investors that the "new hot thing" is just not one time but that the market will grow much bigger by going into China

I can't imagine GW decided to pay out 10.6 million pounds in bonuses as a response to a Twitter conversation happening over the past few days. What business makes such major decisions based on that, and in such a short timeframe?

Generally a bonus is both to ensure employee satisfaction (which is not unimportant to a sensible management) and to show the outside world (especially shareholders) that you're confident and business is going very well.

Regarding the average salary, note that Hewitt himself said he made more as a GW shop manager than what he did as a rules writer. Considering GW has staff across the globe, and will have staff who don't work the "dream" jobs but simply running technical infrastructure, managing logistics, etc., I would not be surprised if he really was being paid quite a bit less than average.

This message was edited 2 times. Last update was at 2021/07/28 08:03:44


 
   
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I came in to see how the black knights would spin this as a bad thing, not disappointed!

Good on GW for paying it back.

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 Insane Ivan wrote:

I can't imagine GW decided to pay out 10.6 million pounds in bonuses as a response to a Twitter conversation happening over the past few days. What business makes such major decisions based on that, and in such a short timeframe?.

they did in spring this year, it just did not make it to the newspapers until the Twitter conversation happened

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 NinthMusketeer wrote:
I came in to see how the black knights would spin this as a bad thing, not disappointed!
It's dark knights, thankyouverymuch!

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The Netherlands

 Shadow Walker wrote:
Blastaar wrote:
 Daedalus81 wrote:
Good. The workers should get bonuses instead of more payout to shareholders.


The workers should receive appropriate salaries.

Shouldn't they just be happy that they work for GW?


I demand that rents and costs for food should then be decreased by at least 50%! I mean, landlords, bakers, shopkeepers, etc. should just be happy that they can do those jobs!

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