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Originally Posted by johnso29
(Post 833571)
Slow,
Can you dumb this down a little for me please? I'm reading Sec 3.I Profit Sharing Plan. It says the payout calculation is based on PTIX which is pre-tax income levels, right? So if the company makes $0-2.5 billion then 15% of the PTIX is paid. Does that mean 15% goes to the pilot group, & then the pilots split that 15%? Is our individual shares then based on PTIX, or is split evenly among all pilots? Thanks for putting it in simple terms. :p Remember also that while it's called "profit sharing", it's actually pre-tax income sharing. Those write downs (among others) that ACL mentioned earlier in the thread are specifically excluded from the calculation. |
Originally Posted by slowplay
(Post 833582)
If you look through the table that shows the profit sharing plan, you'll see that it is for all employees. Incomes are totaled (with the exclusions in the definitions), then each employee is paid their percentage based on their income to the total pool. Pilots are a little more than 1/3 of the income pool. Everyone sees the same percentage increase to their income, and then DC contributions are made on that additional money.
Remember also that while it's called "profit sharing", it's actually pre-tax income sharing. Those write downs (among others) that ACL mentioned earlier in the thread are specifically excluded from the calculation. Nice job getting that written in. Thanks for the explanation. :) |
Originally Posted by slowplay
(Post 833557)
Which DALPA official made this statement and when?
Or are you making stuff up again?:rolleyes: It's certainly possible I could have misinterpreted the statements. But I do not "make stuff up". Can you give an example where I have? BTW, I noticed you conveniently left off the following quote from my post: (Talking about profit sharing) "As you can see, it's not even a drop in the proverbial bucket!" Do you agree with that statement or not? |
Originally Posted by Razor
(Post 833549)
Speaking of hats, I'm in Kiev now and let me tell ya', nobody where's a hat like the former Soviet Union boys do. Some of them have hats so big they can fit two emblems on the front. It makes my Delta hat look tiny by comparison :D
From Sheilus to the reefs of Kizmar From Stargate and the Outer Worlds They're speeding towards our sun They're on a party run Here come Tomorrow's Girls Tomorrow's Girls - Donald Fagan from Kamakiriad |
Not to pick another fight but the Master Chairman stated that the "Profit Sharing" is there to help us capture some of the highly profitable periods like we had after POS 96. Not sure if that was summarized as restoration. It is more of a check valve type compensation that turns off automatically when the company is not profitable.
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My undergrad degree is in Biz Management with an emphasis in Personnel Administration (now called human resources), I don't remember much but I do remember a discussion about profit sharing during wage and salary class.
Basically, profit sharing is a con job (my words not the professor's)to make you feel more a part of the organization. You work hard so the organization does well and you get a little something for your efforts. However, once you do expenses (glad our's is on operational....NWA wasn't and it was a REAL con job) the amount is so diluted that it can backfire. IE, when you get your profit sharing check you go ****! I honestly believe you're better off using your negotiating capital on the salary side. Gives you more to "give back" in the bad times:rolleyes:. Ferd <----------BUT, yes of course I'll take the check:D |
Originally Posted by Ferd149
(Post 833598)
My undergrad degree is in Biz Management with an emphasis in Personnel Administration (now called human resources), I don't remember much but I do remember a discussion about profit sharing during wage and salary class.
Basically, profit sharing is a con job (my words not the professor's)to make you feel more a part of the organization. You work hard so the organization does well and you get a little something for your efforts. However, once you do expenses (glad our's is on operational....NWA wasn't and it was a REAL con job) the amount is so diluted that it can backfire. IE, when you get your profit sharing check you go ****! I honestly believe you're better off using your negotiating capital on the salary side. Gives you more to "give back" in the bad times:rolleyes:. Ferd <----------BUT, yes of course I'll take the check:D Con job or not we have it. These are the type of "circuit breaker" compensation programs that companies like. They have triggers like this ones does to be shut off when things go South. The mindset seems to be that, if they automatically shutoff there will not be a stronger need for concessions in the bad times. Simply, if you do not like them tell your reps. If you do, tell your reps! :D |
Originally Posted by acl65pilot
(Post 833604)
Con job or not we have it.
These are the type of "circuit breaker" compensation programs that companies like. They have triggers like this ones does to be shut off when things go South. The mindset seems to be that, if they automatically shutoff there will not be a stronger need for concessions in the bad times. Simply, if you do not like them tell your reps. If you do, tell your reps! :D May I call you A? I am Mr Fernando Matobo, ESQ, and I have found you to be a relative of Mr Binzillion ACL, a banker from the Republic of Haiti. He has not been seen since the unfortunate earthquake of last year. Sir, I'm writing you to see if you may be interested in recovering a portion of his estate:D Mr Fernando Matobo ESQ |
You are good there Ferd. Not interested in your billions! So, sorry :p
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Originally Posted by Dirty
(Post 833384)
A quick question about non-reving on payload optimized flights...
How do you know if it's payload optimized prior to showing up? My family tried to non-rev on 1468 SAN-CVG last night the flight had tons of seats and they left non-revs behind. This morning flight 9862 shows over eighty seats available but they have such bad luck out of SAN that I'm not even sure they should try. Are the 320's performance restricted due to the short runway with 4 hours of gas? |
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