Delta to buy stake in China Eastern Airlines
07-31-2015, 11:08 AM
#132
Gets Weekends Off
Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,058
Profit sharing or variable compensation
Compensation: Incentive Plans: Profit Sharing
An incentive based compensation program to award employees a percentage of the company's profits.
How does Profit sharing work?
The company contributes a portion of its pre-tax profits to a pool that will be distributed among eligible employees. The amount distributed to each employee may be weighted by the employee's base salary so that employees with higher base salaries receive a slightly higher amount of the shared pool of profits. Generally this is done on an annual basis.
Advantages
When company earnings are relatively stable (or steadily increasing).
An incentive based compensation program to award employees a percentage of the company's profits.
How does Profit sharing work?
The company contributes a portion of its pre-tax profits to a pool that will be distributed among eligible employees. The amount distributed to each employee may be weighted by the employee's base salary so that employees with higher base salaries receive a slightly higher amount of the shared pool of profits. Generally this is done on an annual basis.
Advantages
- Brings groups of employees to work together toward a common goal (the success/benefit of the company).
- Helps employees focus on profitability.
- The costs of implementing the plan rise and fall with the company's revenues.
- Enhances commitment to organizational goals.
- The pay for each employee moves up or down together (no individual differences for merit or performance).
- Focuses only on the goal of profitability (which may be at the expense of quality).
- For smaller companies, these plans may result in drastic swings in earnings for employees which the employees may find difficult to manage their personal finances.
- Adherence to the FLSA requires employers to recalculate each worker's "regular rate" of pay. To overcome this limitation, employers may restrict this type of compensation to exempt employees.
When company earnings are relatively stable (or steadily increasing).
07-31-2015, 11:29 AM
#133
Gets Weekends Off
Joined APC: Feb 2007
Position: 765-A
Posts: 6,844
Originally Posted by sailingfun
Not really sure what you are asking. There is a 15 consecutive day requirement to verify in contract 2012 improved from 7 in prior contracts. In all the contracts the company can ask for verification on a good faith basis for any illness and a medical records release.
The medical records release has been widely stated to be new to TA15.
The medical records release has been widely stated to be new to TA15.
Originally Posted by sailingfun
You overlook that the sick leave change most vilified on here is the medical records release. That was agreed to in contract 2001 and is in effect right now. A group intentially attributed that to TA 15 and played it up as a massive concession when it's been in effect since 2001.
Originally Posted by newKnow
Were medical records subject to be released after 24/56 sick days in a rolling 365/1095 day period, before the failed TA? .....
.....So, is the "medical release threshold" and the triggers associated with it, a new concept, or not?
If so, it was an important change from what we have now.
.....So, is the "medical release threshold" and the triggers associated with it, a new concept, or not?
If so, it was an important change from what we have now.
Originally Posted by sailingfun
The 2001.contract required a pilot to release his medical records after 7 consecutive days on sick status. There were fewer protections in that release and who could see it.
Originally Posted by newKnow
Is that provision in effect with the contract we are operating under right now?
Originally Posted by sailingfun
Yes, however we improved it to 15 days in contract 2012 but added that the medical records release would apply to any trip the company required verification on in addition to the 15 day rule. Not sure which is better.
Originally Posted by sailingfun
No, the contract today is 15 days in a calendar year not rolling. The contract is available online....
All along you have been saying there was a 15 day trigger for the company to possibly ask us for the release of our medical records. You even reprimanded Howgozit for confusing verification with the release of medical records:
Originally Posted by sailingfun
Read what I posted carefully.ni am discussing the requirement to release medical records. You are discussing verification of individual rotations.
How about the 15 consecutive day trigger for the medical release? You said it here:
Originally Posted by sailingfun
The 2001.contract required a pilot to release his medical records after 7 consecutive days on sick status. There were fewer protections in that release and who could see it.
Originally Posted by sailingfun
Yes, however we improved it to 15 days in contract 2012 but added that the medical records release would apply to any trip the company required verification on in addition to the 15 day rule. Not sure which is better.
07-31-2015, 01:01 PM
#135
Straight QOL, homie
Joined APC: Feb 2012
Position: Record-Shattering Profit Facilitator
Posts: 4,202
Originally Posted by notEnuf
Sailing-
Am I paying you via ALPA right now? And if not, have I in the past? And how much?
Am I paying you via ALPA right now? And if not, have I in the past? And how much?
In reality, he is utilized as a useful idiot and point man/fall guy to float their trial balloons and whatever the party's issue-du-jour happens to be.
In this case, his cube-drone handlers directed him to soften us up to get that sick leave overreach into the next TA. "It's not that bad, guys."
Add that to a "smartest guy in the room" personality and a terrible analytical ability, and you've got, well, fingernails across a chalkboard.
He is knowledgable on non-revving. Just don't let him near your PWA.
Last edited by Purple Drank; 07-31-2015 at 01:24 PM.
07-31-2015, 01:18 PM
#137
Straight QOL, homie
Joined APC: Feb 2012
Position: Record-Shattering Profit Facilitator
Posts: 4,202
It's true. Every topic regarding the TA can eventually be distilled to:
- the categorical failure of Moak's doctrine and his regime;
- the despicable charlatanism of the unelected, bloated DALPA bureaucrats;
- a complete leadership failure by the 11 "yes" reps who ignored their constituents.
- the categorical failure of Moak's doctrine and his regime;
- the despicable charlatanism of the unelected, bloated DALPA bureaucrats;
- a complete leadership failure by the 11 "yes" reps who ignored their constituents.
07-31-2015, 01:41 PM
#138
Banned
Joined APC: Apr 2010
Posts: 394
Originally Posted by Purple Drank
It's true. Every topic regarding the TA can eventually be distilled to:
- the categorical failure of Moak's doctrine and his regime;
- the despicable charlatanism of the unelected, bloated DALPA bureaucrats;
- a complete leadership failure by the 11 "yes" reps who ignored their constituents.
- the categorical failure of Moak's doctrine and his regime;
- the despicable charlatanism of the unelected, bloated DALPA bureaucrats;
- a complete leadership failure by the 11 "yes" reps who ignored their constituents.
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