Qantas Engineering redundances - Advice required!!!
 

When was that disengagement survey due? Doh.

LOL, couldn't help but laugh at nasty stain's pathetic attempt to hoodwink us into completing the damn thing by claiming that it's not true that filling it out means we're engaged……

Nice try tulip-boy, there'll be no engagement until you're gone!!

Personally, I'm deleting that spam-mail every time it appears…..

FWIW...
 

I used the link on the survey to ask Towers Watson directly about completion or otherwise indicating engagement or otherwise, pointing out that many staff felt that the company would manipulate a higher "engagement" score from either employee action. I even queried management bonuses linked to completion rates.

Their response was emphatic:
- non-participation could not be construed as engagement, and
- some aspects of bonuses were linked to engagement score but not survey completion rates, with a caveat that some individual manager KPIs may have been individually agreed and may contain 'participation rate' clauses.

Just saying. :\

I think this thread has run its course.

And then late monday night along comes minister albo and chucks another spanner in the works :ugh

In all fairness......
 

I think its a pretty safe bet this thread is running on borrowed time. So I shall make this my last post regardless of replies.
It has been fun, its been harrowing, and its been downright repulsive at times.
My final rhyme and reason with all fairness to those that work at SIT.
Keep your gates locked. Guard them, as they will do anything, (even masquerade on here as one of you), just to get back over there........

Until next time,

KR748

Albanese now supporting Joyce ,must be the freebies in Dubai

Can someone explain to me how the leave burn program all of a sudden saved jobs? I would like to understand the financials etc behind this?

I can in simple terms.

Say a company has 12 employees and wants to get rid of one. Another option is that they all stay and take one month leave extra a year. It supplies the same amount of hours in labour.

At QF, the Engineering employees have tonnes of leave stored up. You can multiply the above scenario 50 or so times to cover the 50 who would be made redundant. Their demise is covered by everyone (about 600) taking that extra leave.

Exact numbers not known yet but will be calculated exactly by the parties.

Furthermore it reduces liabilities on the balance sheet. Companies must accrue the cost of leave owed, so if I owe you 12 weeks leave and you get paid $2K a week then I have an accrued debt of $24K.

By having you take that leave I also reduce the debt.

Bear in mind that debt also grows in line with wages/salaries. If your salary goes up the accrued leave value goes up by the same amount.

This thread has run its course.