Next month will be bonus talk as the end of the financial year approches. But before we start guessing just remember...
As quoted from an other thread:
if the company makes $1 Billion then we get two weeks. If the profit is greater, then 25% of the surplus.
The bonus and the 25% of the surplus rule has been changed last year. Since the bonus now applies only to your basic salary. If you fly 75 hours a month average you should be very very close to your 900 hours and maybe more if you count the hours factored.
Depending of your position as Captain or F/O you will have % reduction of your bonus this year. If we get 4.5 weeks like last year. Take your basic + your flight pay salary for the year divided by 52 weeks X 4.5 and this should be the bonus for your work for the year as per last year's rule. Now the new formula goes like this: Basic X 12 divided by 52 X 4.5. So depending on how much you've worked dictates your bonus. If you've worked a lot you get a smaller bonus then if you've worked less and have been unproductive. Why? Because you don't get the bonus applied to your flight hours. What a funny way to reward your employees for their work... probably a manager idea. Work less get more. Work more get less. Can you be more
then that? Greed greed greed... One more and important thing. The bonus should apply to the relative financial year. That means 2007-2008. Don't forget to do your productivity calculation for your financial year. Then you will realize that last year's pay increase was far from the number they told you it was. It's so going south year after year!
So what's in store for this year pay review? Keep Discovering
