Originally Posted by
pete2800
It's not profit sharing. It's "Performance based pay."
There are several metrics they use to determine the payout, and the goalposts move every year. For 2017:
- Safety. Do not exceed a goal number of slide deployments or other safety events.
- Loyalty. Sell credit cards.
- Costs. Be below a threshold for CASM.
- Customer Satisfaction. Score high in polls.
- Profit. Meet targets for total profit.
Any misses impact the payout. If everything is maxed out, we get 10%. If anything isn't at the maximum, we get less regardless of profit. In times of record profit we've received less than 10% based on other factors. This plan is inferior to most actual profit sharing plans, and consistently yields lower dollar-amount payouts than our competitors.
The more I learn about this place, the more I just shake my head in disbelief.