Originally Posted by
ERflyer
Reducing the bottom portion of profit sharing is not a big deal as long as you're aware of what it means.
1 - For example, raising the 10% threshold level can be quantified. If the level is raised and the difference is passed on directly to us what's the problem? You're still getting the same amount of money and it's guaranteed.
2 - The caveat is don't try to con us and call it a raise. It's not. It's just a shift in payment.
3 - If they said here's a 28% pay raise and oh, here's another 5% now that would have been in profit sharing - who cares? Now I'll get the money sooner.
The only problem is people not understanding this and treating the entirety of profit sharing as a sacred cow. It's not. And profit sharing is perishable. Money directly into my paycheck twice a month is a sure thing.
I think this is the most rational argument about this. Everyone can calculate how much a change to profit sharing is, put it in my paycheck and that's fine with me. I still like having no upper limit on profit sharing because that provides protection when things are good and we are mid contract.