Profit Sharing?
02-01-2023 | 09:53 AM
#191
Gets Weekends Off
Joined: Feb 2013
Posts: 195
Likes: 0
From: 737/FO
So if I understand this correctly, assuming we think United will have at $36B in revenue we would be better to have Delta’s formula and of course add the additional DC on top of the profit sharing that Delta has too. This thread seems to have clarified how we can improve PS.
02-01-2023 | 10:06 AM
#192
Line Holder
Joined: Oct 2015
Posts: 787
Likes: 0
So if I understand this correctly, assuming we think United will have at $36B in revenue we would be better to have Delta’s formula and of course add the additional DC on top of the profit sharing that Delta has too. This thread seems to have clarified how we can improve PS.
02-01-2023 | 01:55 PM
#193
Line Holder
Joined: Jul 2022
Posts: 1,592
Likes: 153
From: 787 FO
Yes. Delta's formula is better at revenue levels above $36B and that is not including their PS being part of the compensation that determines the BC contributions.
02-02-2023 | 06:51 AM
#194
Gets Weekends Off
Joined: Mar 2018
Posts: 3,626
Likes: 202
Our formula isn't going to change because it's not ours. Its the formula for 85k (or however many) employees and workgroups. Unless someone can point to the terms of the company plan and how individual work groups can deviate from it, this is all just academic. The pie isn't getting any bigger, but our slice will increase with bigger increases in pay, as a 18% increase in our pay amounts to a much larger absolute increase than a comparable % increase in another workgroup's pay. The best we can realistically negotiate for is a DC on top which I'll gladly take. Would everybody like more, sure, but is the company going to change the profit sharing plan for the entire company when negotiating our contract? Unlikely.
02-02-2023 | 09:33 AM
#195
Banned
Joined: Apr 2014
Posts: 1,291
Likes: 0
Exactly !! So all I need to know is when are we going to get it ??
I told my hoes down in Costa Rica I would be back with a pocket full of cash . I can’t disappoint them . 😂🙄🙄🙄🤪😆😆
02-02-2023 | 10:27 AM
#196
Line Holder
Joined: Jul 2018
Posts: 532
Likes: 10
Our formula isn't going to change because it's not ours. Its the formula for 85k (or however many) employees and workgroups. Unless someone can point to the terms of the company plan and how individual work groups can deviate from it, this is all just academic. The pie isn't getting any bigger, but our slice will increase with bigger increases in pay, as a 18% increase in our pay amounts to a much larger absolute increase than a comparable % increase in another workgroup's pay. The best we can realistically negotiate for is a DC on top which I'll gladly take. Would everybody like more, sure, but is the company going to change the profit sharing plan for the entire company when negotiating our contract? Unlikely.
02-02-2023 | 11:03 AM
#197
Gets Weekends Off
Joined: Mar 2018
Posts: 3,626
Likes: 202
"Your work group percentage reflects the proportional share of the company’s profits divided by the total company-wide eligible earnings for the plan year. The proportional share is based on your work group's wages as compared to the wages of all work groups. So, for example, if your work group percentage is 5%, your work group would receive its proportional share of 5% of the company’s profits, based on the ratio of your group’s wages to the wages of all work groups."
So each work group has it's own slice based on their earnings relative to earnings of all eligible employees. Pilots and Flight attendants have 10/20% shares above/below the 6.9% pre-tax profit margin threshold. Every other workgroup with a CBA has 5/10%. All have the same threshold of 6.9%.
Assuming this is the most current version, those are on the last page. https://contracts.justia.com/compani...ontract/87028/
02-02-2023 | 01:35 PM
#198
Line Holder
Joined: Jul 2018
Posts: 532
Likes: 10
From FT...
"Your work group percentage reflects the proportional share of the company’s profits divided by the total company-wide eligible earnings for the plan year. The proportional share is based on your work group's wages as compared to the wages of all work groups. So, for example, if your work group percentage is 5%, your work group would receive its proportional share of 5% of the company’s profits, based on the ratio of your group’s wages to the wages of all work groups."
So each work group has it's own slice based on their earnings relative to earnings of all eligible employees. Pilots and Flight attendants have 10/20% shares above/below the 6.9% pre-tax profit margin threshold. Every other workgroup with a CBA has 5/10%. All have the same threshold of 6.9%.
Assuming this is the most current version, those are on the last page. https://contracts.justia.com/compani...ontract/87028/
"Your work group percentage reflects the proportional share of the company’s profits divided by the total company-wide eligible earnings for the plan year. The proportional share is based on your work group's wages as compared to the wages of all work groups. So, for example, if your work group percentage is 5%, your work group would receive its proportional share of 5% of the company’s profits, based on the ratio of your group’s wages to the wages of all work groups."
So each work group has it's own slice based on their earnings relative to earnings of all eligible employees. Pilots and Flight attendants have 10/20% shares above/below the 6.9% pre-tax profit margin threshold. Every other workgroup with a CBA has 5/10%. All have the same threshold of 6.9%.
Assuming this is the most current version, those are on the last page. https://contracts.justia.com/compani...ontract/87028/
02-02-2023 | 08:15 PM
#199
Slam-Clicka
Joined: Dec 2019
Posts: 1,570
Likes: 85
02-03-2023 | 02:10 AM
#200
Gets Weekends Off
Joined: Feb 2008
Posts: 20,866
Likes: 178
Our formula isn't going to change because it's not ours. Its the formula for 85k (or however many) employees and workgroups. Unless someone can point to the terms of the company plan and how individual work groups can deviate from it, this is all just academic. The pie isn't getting any bigger, but our slice will increase with bigger increases in pay, as a 18% increase in our pay amounts to a much larger absolute increase than a comparable % increase in another workgroup's pay. The best we can realistically negotiate for is a DC on top which I'll gladly take. Would everybody like more, sure, but is the company going to change the profit sharing plan for the entire company when negotiating our contract? Unlikely.
Thread
Thread Starter
Forum
Replies
Last Post
