Upgrade times
05-04-2021, 02:04 PM
#161
Gets Weekends Off
Joined APC: Aug 2015
Posts: 631
Math is hard. Try based on the percentage of the year you worked multiplied times the profit that the company made during those months times your pay.
Say you worked one month, and the PS for the year was 12%. To be "fair" you would get 1% of your pay for profit sharing. Because you didn't contribute to the profit for the other 11 months.
Say you worked one month, and the PS for the year was 12%. To be "fair" you would get 1% of your pay for profit sharing. Because you didn't contribute to the profit for the other 11 months.
05-04-2021, 02:42 PM
#162
READY TO STRIKE
Joined APC: Jul 2015
Position: 737
Posts: 381
Originally Posted by MudhammedCJ
Math is hard. Try based on the percentage of the year you worked multiplied times the profit that the company made during those months times your pay.
Say you worked one month, and the PS for the year was 12%. To be "fair" you would get 1% of your pay for profit sharing. Because you didn't contribute to the profit for the other 11 months.
Say you worked one month, and the PS for the year was 12%. To be "fair" you would get 1% of your pay for profit sharing. Because you didn't contribute to the profit for the other 11 months.
If I start Jan 1 and make $100k my first year at swa, at 12% I get $12k, or 1k per month of work (and contributing to profits).
If I start Feb 1 and make $91.667k I make zero currently. Under the pro rate you suggest, I would get 11%, or $10.08k ($917 per month). But if I got 12%, it would be $11k, or the same $1k per month of contributing to profits.
That's why just going off of the W2 is a self-pro-rating (and technologically easier to implement) way of rewarding the value our new hires bring to us.
Under your example, the pilot would get $83 in profit sharing for every month on property while the guy who flew just as much their first month on property made $1000 for their first month on property.
Agreed that this is an issue that needs to be fixed, if not a huge priority.
05-04-2021, 03:57 PM
#164
Gets Weekends Off
Joined APC: Aug 2015
Posts: 631
Originally Posted by waterskisabersw
Math is indeed hard. Especially in public.
If I start Jan 1 and make $100k my first year at swa, at 12% I get $12k, or 1k per month of work (and contributing to profits).
If I start Feb 1 and make $91.667k I make zero currently. Under the pro rate you suggest, I would get 11%, or $10.08k ($917 per month). But if I got 12%, it would be $11k, or the same $1k per month of contributing to profits.
That's why just going off of the W2 is a self-pro-rating (and technologically easier to implement) way of rewarding the value our new hires bring to us.
Under your example, the pilot would get $83 in profit sharing for every month on property while the guy who flew just as much their first month on property made $1000 for their first month on property.
Agreed that this is an issue that needs to be fixed, if not a huge priority.
If I start Jan 1 and make $100k my first year at swa, at 12% I get $12k, or 1k per month of work (and contributing to profits).
If I start Feb 1 and make $91.667k I make zero currently. Under the pro rate you suggest, I would get 11%, or $10.08k ($917 per month). But if I got 12%, it would be $11k, or the same $1k per month of contributing to profits.
That's why just going off of the W2 is a self-pro-rating (and technologically easier to implement) way of rewarding the value our new hires bring to us.
Under your example, the pilot would get $83 in profit sharing for every month on property while the guy who flew just as much their first month on property made $1000 for their first month on property.
Agreed that this is an issue that needs to be fixed, if not a huge priority.
05-04-2021, 07:08 PM
#167
weekends off? Nope...
Joined APC: Apr 2014
Posts: 1,943
Originally Posted by MudhammedCJ
keep thinking fellas. You'll work it out.
05-05-2021, 05:17 AM
#168
Line Holder
Joined APC: Mar 2016
Posts: 29
Originally Posted by MudhammedCJ
Math is hard. Try based on the percentage of the year you worked multiplied times the profit that the company made during those months times your pay.
Say you worked one month, and the PS for the year was 12%. To be "fair" you would get 1% of your pay for profit sharing. Because you didn't contribute to the profit for the other 11 months.
Say you worked one month, and the PS for the year was 12%. To be "fair" you would get 1% of your pay for profit sharing. Because you didn't contribute to the profit for the other 11 months.
They certainly have the correct math/spreadsheets to only give you a partial vacation week your first year…
05-05-2021, 04:37 PM
#169
Logbook...
Joined APC: Sep 2008
Posts: 416
Originally Posted by Grm77
They certainly have the correct math/spreadsheets to only give you a partial vacation week your first year…
05-05-2021, 05:51 PM
#170
Gets Weekends Off
Joined APC: Nov 2020
Posts: 1,746
Originally Posted by Smooth at FL450
Yeah i'm with the other guys...your idea does not make any sense when the dudes W2 already reflected the pro-rated work he performed. There will likely never be a new hire class that starts on Jan 1, so the company has built in a method to save a lot of money while making the new hires feel like step-children for the first year.
Thread
Thread Starter
Forum
Replies
Last Post
