Originally Posted by
DC8DRIVER
Profit sharing???
What company do you work for??
At Atlas there is no more profit sharing to speak of.
Hope it works for you wherever you work.
At Atlas, our profit sharing agreement was a wonderful victory.
For the company.
For the pilot group, it is an insult.
8
You need to reread the post. I'm guessing you weren't around when the original deal was agreed to. Profit sharing used to be really good, with a bunch of guys getting over $20,000.00...some even more.
The PROBLEM is that profit sharing is a VARIABLE...and too many people expect it to be more than it is.
That's why it's better to take the percentages in profit sharing and make them hard dollars in the contract. That way there is no variable, just hard dollars. Looking back to when it exceeded 15%, it would have been much better to have negotiated two annual hard 5% increases with a 5% profit sharing variable than hoping for 15% to last forever. That way you get 10% each year of the CBA that never goes away. And your baseline for the next CBA goes up substantially, giving you a higher baseline to negotiate from.