Originally Posted by
Check Essential
The trick is getting those past due increases first and then adding the 3.58%.
Doing it that way will make our "raise" look too big for Wall Street and the other employee groups. The fact that we are funding our own pay raise would go unnoticed. I highly doubt we would get it all. We'd get something less.
Better to leave the profit sharing right where it is.
Every increase in our "compensation" that doesn't involve the raw Section 3 rates is a good thing.
Make training and vacation pay more. Increase retirement contributions. Lower medical premiums. Bump the int'l override. Increase per diem. Improve the duty rigs. Bring back night pay. Holiday pay, etc. etc. etc.
Our Section 3 increase will be the headline. All that other stuff gets by under the radar.
I agree 100%. Management is never going to increase our hourly rates high enough to justify touching profit sharing. Reducing one penny would be a fools errand. Pandoras Box.
PS is a small return on the previous billions in concessions.