Originally Posted by
HSLD
Couldn't agree more, the ESOP is over, now I just work here. The problem with variable compensation (aside from being variable), is that the threshold for receiving a bonus is a moving target set by (you guessed it) management. The operation could perfom flawlessly with employees going over and above everything in their job description and you could still get Sigma Six'd out of your bonus.
Management has way to many tools in their accounting toolbox to affect earnings (new debt, retiring old debt, etc, etc.) to assume that variable compensation will be a serious contributor to W2 earnings.
I'd much rather have industry leading solid scope, pay rates, and work rules. Variable compensation is an illusion, let 'em keep the cash to pay for a solid contract.
I just work here.
Shack!!!!
And, while it would be a perfect world to have ALPA's inputs into the operational improvement of the company be welcomed and seriously considered, they are mgmt, you are a pilot.
They play stock price games, accounting games, etc. Don't allow any part of your compensation to be tied to the reported profit, pre-tax or whatever.
If the company is doing well, you'll see that "profit sharing" in growth and seat progression.
Again, my 2 cents.
Lee