Originally Posted by
TED74
The shrinking minority of people regurgitating this misleading information refuse to accept reality. "Every future pay raise" will undoubtedly be a function of the market rate, with very little deviation. PS monetized gives you a pay raise that might exceed your peers for the duration of a single contract. Next time around, your pay rate increase will be smaller as a result. Your PS will then be gone (or reduced) and your rates (and total compensation) will just be industry standard.
Why do you suspect management makes the same argument that you do... do they want us to have much larger W2s than everyone else, or do you think they are trying to reduce costs over time?
I know I can't convince most people of your opinion, but I'm glad that fewer and fewer are being played by management or by those who only care about compensation in the next few years before retiring.
Great post Ted. It's pretty easy to look around and see that now. Pay rates among the legacies are essentially the same. The only thing setting us apart is our higher profit sharing payouts. I also look at it as a little insurance while the company grows its business without using us.