Hey Don I think you are wrong on the 2 weeks statement.
We are supposed to get 2 weeks minimum if we meet target. The target for this year was 4.25 billion DHS which we exceded with the 5.9 billion group profit.
The formula is 2 weeks bonus if target is met and then 25% of all profit exceeding target is SUPPOSED to go to employees. Wonder if they will stick to the formula.
I have pasted right out of the employee manual for everyone to see the formula.
Regards,
330 man
4. SCHEME PAYMENT FORMULA
The initial profit share payment will be two weeks basic salary for all eligible employees if the profit target for the relevant financial year is achieved. Thereafter additional payments will be 25% of profits in excess of the profit target for the relevant financial year.
The overall profit share payment will be distributed to all eligible staff as an equal percentage of monthly basic salary, based on the monthly basic salary of the employee as at 31st March at the end of the relevant financial year.
Payments resulting from this scheme will normally be paid in the end-June payroll based upon the Company results for the preceding financial year ending 31st March, however, this payment or payout date is not guaranteed.