Originally Posted by
Timbo
Now, let's talk about "At Risk" pay, vs. a "Pay Raise".
I don't want to trade one for the other, because it is self correcting. If we get a big pay raise, that will come out of the profits, i.e. the overall profit will be lower, due to 'costs' going up.
So we in effect are already trading one for the other, why should we pay for a pay raise, twice??
When it comes to, "Do you want a pay raise or profit sharing?" my answer is, I want BOTH.
When Delta was going into bankruptcy, and again on the way out, they asked us to give BOTH, our DB plan AND TWO PAY CUTS. Not one or the other, BOTH.
As is being pointed out by our LEC guys, Profit Sharing is "At Risk", so you cannot count on that as a substitute for a pay raise, it's not. It's 'at risk' pay. We need to return our regular pay to at least 2004 levels, add in some inflation, and KEEP profit sharing untouched, since we never know how much it will be.
The other self correcting thing about more GM vs PS is if the profits drop and money is lost, they'll come back and ask for the GM to be cut.
So right now to me GM is less that current plus profit sharing and is more at risk in a downturn.