Incentive Plan / Profit Sharing?
11-02-2022 | 07:51 PM
#11
Gets Weekends Off
Joined: Apr 2011
Posts: 321
Likes: 1
From: Upright & Breathing
11-02-2022 | 07:54 PM
#12
On Reserve
Joined: May 2022
Posts: 114
Likes: 5
From: 737 CA
Should be closer to the top end of the PBP scale this year. Wouldn't be surprised to see 9%. On the investors call they mentioned additional costs due to higher than normal PBP.
Historically expect 5-10% of salary plus and extra tiny bonus for on time performance paid out quarterly.
Yet the angry 18 are wishing we were back in rebuild mode getting a new NC MEC and waiting to bring the mediator back.
Enjoy retro, signing bonus then PBP all lined up for a big few months!
I'm expecting to see
8k retro
33k signing
28k PBP
Oh and a couple thousand more from ESPP gains. 70k over 3 months on top of new salary sounds good to me.
Historically expect 5-10% of salary plus and extra tiny bonus for on time performance paid out quarterly.
Yet the angry 18 are wishing we were back in rebuild mode getting a new NC MEC and waiting to bring the mediator back.
Enjoy retro, signing bonus then PBP all lined up for a big few months!
I'm expecting to see
8k retro
33k signing
28k PBP
Oh and a couple thousand more from ESPP gains. 70k over 3 months on top of new salary sounds good to me.
11-02-2022 | 07:57 PM
#13
On Reserve
Joined: Mar 2020
Posts: 131
Likes: 9
”Target” is 5%, max is 10%. So averaging above target isn’t bad.
11-02-2022 | 08:58 PM
#14
On Reserve
Joined: Mar 2020
Posts: 131
Likes: 9
Call me a cynic, but could it be their strategy to massage the numbers to only pay 5-6% in the great years (when it should've been > 10%), and then in less profitable years, they come out smelling like a 🌹, by still paying out 5%, assisted by the bounty from the previous record years?
All this stuff is available in the proxies filed with the SEC, no mystery.
11-03-2022 | 12:22 AM
#15
Gets Weekends Off
Joined: Dec 2005
Posts: 9,348
Likes: 332
Should be closer to the top end of the PBP scale this year. Wouldn't be surprised to see 9%. On the investors call they mentioned additional costs due to higher than normal PBP.
Historically expect 5-10% of salary plus and extra tiny bonus for on time performance paid out quarterly.
Yet the angry 18 are wishing we were back in rebuild mode getting a new NC MEC and waiting to bring the mediator back.
Enjoy retro, signing bonus then PBP all lined up for a big few months!
I'm expecting to see
8k retro
33k signing
28k PBP
Oh and a couple thousand more from ESPP gains. 70k over 3 months on top of new salary sounds good to me.
Historically expect 5-10% of salary plus and extra tiny bonus for on time performance paid out quarterly.
Yet the angry 18 are wishing we were back in rebuild mode getting a new NC MEC and waiting to bring the mediator back.
Enjoy retro, signing bonus then PBP all lined up for a big few months!
I'm expecting to see
8k retro
33k signing
28k PBP
Oh and a couple thousand more from ESPP gains. 70k over 3 months on top of new salary sounds good to me.
11-03-2022 | 04:49 AM
#16
Line Holder
Joined: Apr 2018
Posts: 700
Likes: 0
Management derives a large portion of their income from the profit sharing/incentive program. Their “participation rate” is much greater than our 5% target. But it’s the same metrics that drive their bonus…so massaging the numbers would be shooting themselves in the face…
All this stuff is available in the proxies filed with the SEC, no mystery.
All this stuff is available in the proxies filed with the SEC, no mystery.
Last edited by All Bizniz; 11-03-2022 at 05:14 AM.
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