I recently left my current employer (a consultancy) of ~3 years. They operate on a year ending March financial year (so 1 April - 31 March).
I recently resigned, and gave extra notice (6 weeks) to ensure the transition would be as smooth as possible for them and my teammates, the salary in the new role is ~40% higher, so the extra 2 weeks working in my old role comes as some personal expense.
A couple of weeks after resigning, it was announced that a bonus would be paid for the previous financial year (of which I worked the entire year). My personal contribution to the the company was significant during this period, and was evident from a number of perspectives (billable utilisation, extra hours, awards, performance review, promotion etc.). As an indication, I worked over 300 hours unpaid.
I recently found out that I am not eligible for the bonus since I am leaving the company. The payment of bonus is at the discretion of the board, so I have no legal standpoint here, however I wanted to ask the Ozbargain community whether this is a fair decision or not.
The decision to pay a bonus came more than 4 months after the financial year ended, a significant amount of time. A cynical person would think this was done to reduce the number of people getting paid a bonus (as people naturally leave over the course of the year).
Does this seem like an ethical decision?