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Old 01-08-2018 | 11:52 AM
  #2843  
Pogey Bait
Gets Weekends Off
 
Joined: Feb 2013
Posts: 725
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From: Port Bus
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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.
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