Originally Posted by
notEnuf
I agree the PTIX calculation for TA 2015 is high, I don't have the details on future Management compensation.
Our share of the wage pool is 37.5%. Corrected for future increase this could go up but we are 12500 of 80000 domestic employees, they will get raises to if their profit sharing is reduced.
Based on Q1 at $136M and Q2 at $400M profit sharing expense we are $536M for the first half of the year with the good quarters coming. This number outpaces the total 1.1B from last year by 22%.
These are all moving targets. Would you agree that the premises is correct. What would you use for wage pool numbers and profit sharing?
Current contract wage pool should remain unchanged, $5.5B. If you want to add effect of other employee groups getting a raise and us not over the next 3 years, it might look like:
2016 $5.5B+(2/3x$5.5Bx4%) = $5.65B
for a 4% non contract raise
2017 $5.65B+(2/3x$5.65Bx4%) = $5.8B
2017 $5.8+(2/3x$5.8Bx4%) = $5.95B
Although fairly, that decreases the PTIX for each of those years by the respective amounts of $150M, $300M, and $450M
Similarly, the TA changes the wage pool too. If we get raises and the other employee groups don't, it would look like this:
2016: $5.5B+(1/3x$5.5Bx14.5%)= $5.77B
2017: $5.77B+(1/3x$5.77Bx3%)=$5.83B
2018: $5.83B+(1/3x$5.83Bx3%)= $5.89B
If we add in other employee groups getting a 4% raise each year in addition to our raises, the TA pool jumps to:
2016:$5.91B
2017:$6.13B
2018:$6.35B