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Training dates/new hires

Old 09-11-2018, 08:53 AM
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He got a check?
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Old 09-11-2018, 09:23 AM
  #22  
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Yeah, but profit sharing is based on a percentage of your qualified wages. So if you start in December you will be eligible for profit sharing but, you will only get 10-14 percent of what you worked for the entire year, ie. December. So, your profit sharing will equal a couple hundred dollars. Not that big of deal in the grand scheme of things.

However, I echo what everyone has said and take the earliest class you can, just don't let the lack of profit sharing for one month be one of your main considerations.
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Old 09-11-2018, 09:48 AM
  #23  
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Originally Posted by RJSAviator76 View Post
Suppose you're hired January 4, 2019. You don't get profit sharing for the entire 2019. Lame, I know...

You're off probation in January 2020 and conversely, 2020 is the first year you were employed from January 1 until the end of the year making you eligible for profit sharing. Now, if profit sharing is paid in March, you don't see your 2020 profit sharing until March 2021.

26 months on the property, and a 3rd year FO.

Moral of the story... get into December class if at all possible.
Yes. My class was February 7, 2017 and we didn't get anything. I will get some profit sharing next year I think.

Anyway, I can only add to the chorus telling everyone to take the earliest possible class date. I got moved up at a previous carrier and it actually made a significant difference in QOL as much of my time spent there was during the doldrums of the 2000s and 2010s and being even a dozen numbers higher was not insignificant in bidding terms and upgrade time.

Definitely take the earliest class date unless there is a really, really good reason not to do so.
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Old 09-11-2018, 09:49 AM
  #24  
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Originally Posted by Okie Play View Post
Yeah, but profit sharing is based on a percentage of your qualified wages. So if you start in December you will be eligible for profit sharing but, you will only get 10-14 percent of what you worked for the entire year, ie. December. So, your profit sharing will equal a couple hundred dollars. Not that big of deal in the grand scheme of things.
That's not correct, you only eligible for profit share when you work a full calendar year. That's why posters are telling someone with a potential Jan class to try and get to Dec, if you start in Jan 2019, no profit share for any of 2019. If you start just a month earlier, in Dec 2018, full profit share for 2019. Could easily be a $6-12k difference in first year earnings depending on PS percent and how hard you work.
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Old 09-11-2018, 10:57 AM
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Originally Posted by Proximity View Post
That's not correct, you only eligible for profit share when you work a full calendar year. That's why posters are telling someone with a potential Jan class to try and get to Dec, if you start in Jan 2019, no profit share for any of 2019. If you start just a month earlier, in Dec 2018, full profit share for 2019. Could easily be a $6-12k difference in first year earnings depending on PS percent and how hard you work.
Oh, well then nevermind! That would make a difference wouldn't it?
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Old 09-12-2018, 02:08 PM
  #26  
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Originally Posted by Okie Play View Post
Oh, well then nevermind! That would make a difference wouldn't it?
I was hired the tail end of 2015. Got a profit sharing check in 2017 for $11k or so for 2016 wages. Buddy took a 1/6 class due to a trip he wanted to take before class. He keeps saying that that ended up being a really expensive trip (due to not getting any profit sharing for 2016).
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Old 09-12-2018, 02:32 PM
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Originally Posted by flyguy81 View Post
I was hired the tail end of 2015. Got a profit sharing check in 2017 for $11k or so for 2016 wages. Buddy took a 1/6 class due to a trip he wanted to take before class. He keeps saying that that ended up being a really expensive trip (due to not getting any profit sharing for 2016).
Just curious, how did you end up with a check? Did you max out your 401k? I thought it went into a profit sharing account?
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Old 09-12-2018, 05:40 PM
  #28  
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Originally Posted by at6d View Post
Just curious, how did you end up with a check? Did you max out your 401k? I thought it went into a profit sharing account?
poor choice of words....it all went into the empower acct. My 2017 profit sharing maxed it out and I got a overage check for like $2k.
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Old 09-12-2018, 08:28 PM
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Got it. I wanted to make sure I didn’t miss that part in class....thanks.
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Old 09-13-2018, 11:08 AM
  #30  
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Still no training date news for January. Just wondering if anyone knew if there are more than 1 new hire class in Nov.? I believe only 1 class in Dec. too. I will take first available I can get, and would like to keep any hope for earlier dates in the radar. Thx
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