Originally Posted by
D Mantooth
Serious question:
Would you trade 10% lower payrates for 10% higher profit sharing?
I certainly wouldn't.
So why the angst over a "rumor" of the converse? How did profit sharing become some sacred cow, when for many years on many properties it was worthless? Shoot, I recall the derision when it was negotiated in the first place.
I'm all for keeping the top end of profit sharing. It protects us from looking like schmucks if the company is wildly successful. But why wouldn't I trade some of the bottom end? It's a defined number. Give it to me in my payrates.
It seems many here are making the mistake of believing these good times will last forever.
I'm all for exchanging a "probably" dollar tomorrow for a "definitely" dollar today.
You're assuming that $1 guaranteed pay is equal to $1 of PS at the beginning of your post but then you are essentially saying a lower year end W2 is better if the guarantee pay is higher.
So which is better:
A) $100k on 1000 credit hours per year plus 20% PS = $120k
B) $110k on 1000 credit hours per year plus 5% PS = $115k