Pay rise certain
Your yearly bonus this year equals one hour of the CEO's bonus last year…..and I don't mean a credited hour!
Last edited by C441; 25th Aug 2018 at 03:42.
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With endless tweaks to financial statements and an increasingly lax regulatory enforcement regime there was only way way it would go.
CEOs now earn 78 times more than Australian workers - ABC News (Australian Broadcasting Corporation)
AVERAGE CEO compensation in the USA is 271 AVERAGE worker earnings.
As companies have come under a bit of scrutiny on executive salary, they now mask it with overly complicated executive remuneration models, so that the 'total compensation' with lots of options lagging from other years is increasingly difficult to calculate. An increasing focus on LTIP plans which by their nature are opaque, ensures that for a real decline in Total Revenue in the years of his tenure, little Napoleon has exceeded nearly every airline CEO in realised compensation.
Last edited by Rated De; 24th Aug 2018 at 23:22. Reason: punctuation
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Where is The protection from HR and their policies when it comes to the Executives openly bullying the employees???
I would have thought using the bonus as a carrot from a profit that the employees have well and truly earned by hard work, going above and beyond, max hours, extending duties, covering shortages of staff etc etc over the last 12 months as a blackmail to sign off on a future EBA would be below even this mob.
Obviously I was wrong......
I would have thought using the bonus as a carrot from a profit that the employees have well and truly earned by hard work, going above and beyond, max hours, extending duties, covering shortages of staff etc etc over the last 12 months as a blackmail to sign off on a future EBA would be below even this mob.
Obviously I was wrong......
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I would have thought using the bonus as a carrot from a profit that the employees have well and truly earned by hard work, going above and beyond, max hours, extending duties, covering shortages of staff etc etc over the last 12 months as a blackmail to sign off on a future EBA would be below even this mob.
Obviously I was wrong......
Obviously I was wrong......
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HR work for the executives. HR are only ever on an employee's side when it's convenient for them to be and I've seen the same unwritten rule applied in other organisations. Actually I saw an appalling example of it not long ago in a State Government department (though they need to be careful, as in that particular case a lot of evidence has been amassed on a file held in a legal office for use on a "rainy day").
Where is The protection from HR and their policies when it comes to the Executives openly bullying the employees???
I would have thought using the bonus as a carrot from a profit that the employees have well and truly earned by hard work, going above and beyond, max hours, extending duties, covering shortages of staff etc etc over the last 12 months as a blackmail to sign off on a future EBA would be below even this mob.
Obviously I was wrong......
I would have thought using the bonus as a carrot from a profit that the employees have well and truly earned by hard work, going above and beyond, max hours, extending duties, covering shortages of staff etc etc over the last 12 months as a blackmail to sign off on a future EBA would be below even this mob.
Obviously I was wrong......
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Imagine the optics,
On a big breakfast TV program a few union leaders present a cheque to struggling farmers.
Pointing out that this represents a sizeable (percentage of their members and the paltry 'bonus' amount) contribution, representing x% of total salary...
Noting the caveat that unlike Qantas management, the bonus for staff is conditional, but staff donate it anyway..
What it shows very pointedly is that airlines are a part of their community. The staff are the community.
Looking at the scope of the drought, it would be very much appreciated too!
And pointedly ask Mr Joyce and the other insiders to match it.
There is no counter to that, Olivia can't offer enough family upgrades and chairman's lounge memberships. It is a powerful statement of executive malfeasance.
On a big breakfast TV program a few union leaders present a cheque to struggling farmers.
Pointing out that this represents a sizeable (percentage of their members and the paltry 'bonus' amount) contribution, representing x% of total salary...
Noting the caveat that unlike Qantas management, the bonus for staff is conditional, but staff donate it anyway..
What it shows very pointedly is that airlines are a part of their community. The staff are the community.
Looking at the scope of the drought, it would be very much appreciated too!
And pointedly ask Mr Joyce and the other insiders to match it.
There is no counter to that, Olivia can't offer enough family upgrades and chairman's lounge memberships. It is a powerful statement of executive malfeasance.
Last edited by Rated De; 25th Aug 2018 at 05:04.
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I’m not saying this is right (far from it in fact) but all bonuses over the past several years have been subject to signing an EBA that includes the 18month pay freeze along with ‘not causing harm to the brand’ (cough, cough).
Why the furore over it this time when I don’t recall it previously?
Why the furore over it this time when I don’t recall it previously?
Because this is after the wage freeze agreement meaning the next agreement and on most cases yet to be negotiated.
It’s subtle but here it is..... “is payable after the employee’s post wage-freeze collective agreement is voted up and approved. This ‘sign on’ approach is consistent with the past three bonuses that have been awarded.”
It’s subtle but here it is..... “is payable after the employee’s post wage-freeze collective agreement is voted up and approved. This ‘sign on’ approach is consistent with the past three bonuses that have been awarded.”
Because in this case some people are going to have to wait up to 4 years to realise a bonus that was awarded on the basis of helping the company succeed in 2017/18. If you leave in the next 4 years then no bonus for you despite you being part of the contributing force to the success. This just seems cynical and unnecessary, I for one have just had the last glimmer of good will kicked out of me, they can get F*&ked.
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I’m not saying this is right (far from it in fact) but all bonuses over the past several years have been subject to signing an EBA that includes the 18month pay freeze along with ‘not causing harm to the brand’ (cough, cough).
Why the furore over it this time when I don’t recall it previously?
Why the furore over it this time when I don’t recall it previously?
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At least that bonus will be paid immediately (I presume), not in 1-2 or in some cases 4 years as it will be in the Qantas Group. It’s an absolute disgrace. We help the company by signing up to 18 month wage freezes, which will see us 4.5% behind where our pay should be perpetually, and this is how they reward us. I feel sick to call myself an employee of the Qantas Group.
One can’t defend a poor policy by claiming they are only being consistent.
The reason us pilots are angry this time is that we had already signed our wage freeze EA before the previous bonus was announced so we were never subject to this outright industrial bribery.
More broadly speaking, in previous years there was a well known, company wide wages policy in place, born of the disasterous financial position the company had been steered into. It was a known position that ALL groups would have to comply with the freeze and bonuses were withheld until agreement was reached. (Still a low act)
This time no such circumstances exist.
It is a cynical attempt to stack the deck in favour of Qantas in all EA negotiations going forward long before Qantas have even dream up their demands.
The reason us pilots are angry this time is that we had already signed our wage freeze EA before the previous bonus was announced so we were never subject to this outright industrial bribery.
More broadly speaking, in previous years there was a well known, company wide wages policy in place, born of the disasterous financial position the company had been steered into. It was a known position that ALL groups would have to comply with the freeze and bonuses were withheld until agreement was reached. (Still a low act)
This time no such circumstances exist.
It is a cynical attempt to stack the deck in favour of Qantas in all EA negotiations going forward long before Qantas have even dream up their demands.
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I think it’s important not to get distracted by a potential $800-$900 post tax bonus not being paid.
It is disappointing for it to be used as a future bargaining ploy. It should be paid for all the hard work achieved last year and act to encourage a continuation of the effort required for a very busy year ahead. All fleets have been on max hours. We have all contributed to the turnaround and another record profit.
However Safety is our number one priority.
Take the fuel you deem appropriate. Be safe and conservative.
Don’t feel pressured to give back leave. Rest and family time is essential to health and well-being.It is disappointing for it to be used as a future bargaining ploy. It should be paid for all the hard work achieved last year and act to encourage a continuation of the effort required for a very busy year ahead. All fleets have been on max hours. We have all contributed to the turnaround and another record profit.
However Safety is our number one priority.
Take the fuel you deem appropriate. Be safe and conservative.
Don’t feel obliged to assist with extra flying, ensure you get adequate rest that is required during high hours and high workload. Inadequate pilot numbers leading to cancelled services are not your legal responsibility. An individuals assessed Fitness to operate safety is a legal requirement under the CAOs.
Operate conservatively and dont feel pressured to take unnecessary risks taxing on one engine. Take the flap or reverse required.
Coming up to summer consider running the APU with sufficient time to keep passengers and crew comfortable consistent with a premium airline. Getting too hot and uncomfortable during a pre flight is a potential threat.
Do not operate fatigued and act responsibly and conservatively when making that self assessment.
Don’t rush between gates and make sure your crews never unduly rush dealing with MELs or procedures. Safety before schedule.
Threats like these can add to stress which has the potential to cause distractions on the flight deck.
It is your licence and legal responsibility.
It is what we do anyway but a timely reminder as these issues and ultimatums can be very distracting and disheartening.
I will concentrate on my legal responsibilities as an airline pilot and give my full support to my AIPA representatives to deal with this.
This recent development has served to reinvigorate my support for AIPA in negotiations.
Improvements to Working conditions for the remainder of my career should be the priority and not a small bonus threat.
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It doesn’t matter to me how much or how little the ‘bonus’ is, it’s the principle that they’re using what should be a reward for contributing towards record profits as chip at the negotiating table.
May 2018
”Emirates Group, operator of the world’s biggest long-haul airline, will award a five-week bonus each to its employees in this month’s pay-cheque after the group announced a 67 per cent rise in profit for the last fiscal year, chairman Sheikh Ahmed bin Saeed Al Maktoum said on Wednesday.”
At the post earnings announcement this week, Emirates Group chairman and CEO Sheikh Ahmed bin Saeed al Maktoum said the group's well-established bonus scheme encourages greater staff input.”
“The bonus is an incentive for staff to continue contributing ideas. The more we save on costs the more profit we make the more we can do this. At certain times we’ve paid anywhere up to 13 weeks,” he said.
”Emirates Group, operator of the world’s biggest long-haul airline, will award a five-week bonus each to its employees in this month’s pay-cheque after the group announced a 67 per cent rise in profit for the last fiscal year, chairman Sheikh Ahmed bin Saeed Al Maktoum said on Wednesday.”
At the post earnings announcement this week, Emirates Group chairman and CEO Sheikh Ahmed bin Saeed al Maktoum said the group's well-established bonus scheme encourages greater staff input.”
“The bonus is an incentive for staff to continue contributing ideas. The more we save on costs the more profit we make the more we can do this. At certain times we’ve paid anywhere up to 13 weeks,” he said.