Originally Posted by
satpak77
I am an outsider looking in, but most of the legacies have profit sharing as part of their pay/benefits packages, why would AA decide to go against the grain ? If you want to attract top quality folks, you need to have similar programs in place
I wonder if the goal to eliminate profit sharing will be accomplished, me thinks "no". Too many arguments from a HR standpoint/etc to keep it.
AA was "on the right track" with the new turnaround, new image, morale re-building, I hope they don't muck it all up now
According to Parker, profit sharing is not a good way to compensate employees. He believes that employees do not value it and it costs the company a lot of money. Also, he said "good companies do not pay profit sharing" or words to that effect. He says you don't see profit sharing in any other industry except auto manufacturing (which are historically poorly run.) He's on record as saying he wants to pay us more than our peers on a per hour basis to make up for the lack of profit sharing. He thinks we can reach an agreement that makes up for the lack of profit sharing with a higher dollar per hour figure...he thinks the employees will like that better and it will be cheaper for the company. We'll see just how much more he's willing to pay us...this JCBA goes to arbitration on October 16th (I think?)
Not sure what you mean by this "I wonder if the goal to eliminate profit sharing will be accomplished." AA pilots don't have any profit sharing right now. It's already gone.