Profit Share
Thread Starter
Joined: Jul 2004
Posts: 78
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From: OneDegSouth
Profit Share
So........ from PC - "I am pleased to announce that staff will get a share of the rewards this time, equivalent to 6.4 days of monthly salary plus a lump sum of HK$6,000 or half a month’s salary, whichever is lower. "
Better than nothing me thinks...Ducking for cover now
Better than nothing me thinks...Ducking for cover now
so i'm off work now untill i get a pay rise 
Joined: Feb 1999
Posts: 58
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what tha??!!
Yeah well did anyone expect anything else???
Is easy to say we should be happy with what we got but i remember the days of getting a few weeks p/s when we made this kind of money. I believe most people are just dissapointed in general with the company and these things just add to their woes.
I did say in another post, i would be happy to vote out p/s for a small pay rise, so we dont have to go through this every year!! Now before you all get on your horses, this pay rise in no means gets in the way of other pay negotiations that we should be gearing up for!!
Happy for the other staff, if in fact they are happy with this!!
Would be interesting to see a comparison with the old formula!!!!
Is easy to say we should be happy with what we got but i remember the days of getting a few weeks p/s when we made this kind of money. I believe most people are just dissapointed in general with the company and these things just add to their woes.
I did say in another post, i would be happy to vote out p/s for a small pay rise, so we dont have to go through this every year!! Now before you all get on your horses, this pay rise in no means gets in the way of other pay negotiations that we should be gearing up for!!
Happy for the other staff, if in fact they are happy with this!!
Would be interesting to see a comparison with the old formula!!!!
Joke... Has To Be
Joined: May 2002
Posts: 2,609
Likes: 0
From: Asia
tifters & elgringo
Unfortunately under the old scheme you would have been very disappointed. Under that scheme no profit share would have been paid because net profit had to exceed 7.5% of turnover before it would kick in. So if we take the audited results for 06-07 at face value it would have only achieved (4272 ÷ 60783) × 100 = 7.03%.
Unfortunately under the old scheme you would have been very disappointed. Under that scheme no profit share would have been paid because net profit had to exceed 7.5% of turnover before it would kick in. So if we take the audited results for 06-07 at face value it would have only achieved (4272 ÷ 60783) × 100 = 7.03%.
Joined: Oct 2006
Posts: 651
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From: Hong Kong
boy, talk about pessimists!
Under the previous profit share formula we would have got ZERO as the profit was less than 7.5% of turnover.
Under the profit share fomula that was in force from late 80s till late 90s we would have got ZERO as we had to have profit in excess of 10% of turnover.
Obviously the company is up to no good paying us profit share now...or am I being paranoid?
Under the previous profit share formula we would have got ZERO as the profit was less than 7.5% of turnover.
Under the profit share fomula that was in force from late 80s till late 90s we would have got ZERO as we had to have profit in excess of 10% of turnover.
Obviously the company is up to no good paying us profit share now...or am I being paranoid?
Joined: Nov 1998
Posts: 376
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From: Disneyland - with Mickey Mouse
hahahahaahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh hhhhhhhhhhhhhhhhhhhahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa.... ........................
hahah.
I think its funny... it takes care of my tax bill.. BUT it gives me NO motivativon, at all, to consider saving fuel going anywhere.. My promise to CX!! I will never ever give a F... about saving fuel going anywhere.. 2T here 2T there I dont care.. step climb 0, cost index XX.. I dont care... **** your self.... hahaha.. such an easy job.. not my money.. All the ******* googs are happy now.. lets see what happens to the guys who save money.. hope the ****.ng Mickey Mouse (yeah baby - Phillipe Chen) gets to suck cock on Kim Yong Phil and that.. Congrats to the guys who left already.. May you enjoy.. I will joyin you in 1.8M from now... hhahahahah... What a !!!! company Cathay really is - they just proved it - 4B profit. F.C. you staff... do you swallow... hahahhahahha - I dont.. Im goin hahahha Sh.t.. shi..
hahah.
I think its funny... it takes care of my tax bill.. BUT it gives me NO motivativon, at all, to consider saving fuel going anywhere.. My promise to CX!! I will never ever give a F... about saving fuel going anywhere.. 2T here 2T there I dont care.. step climb 0, cost index XX.. I dont care... **** your self.... hahaha.. such an easy job.. not my money.. All the ******* googs are happy now.. lets see what happens to the guys who save money.. hope the ****.ng Mickey Mouse (yeah baby - Phillipe Chen) gets to suck cock on Kim Yong Phil and that.. Congrats to the guys who left already.. May you enjoy.. I will joyin you in 1.8M from now... hhahahahah... What a !!!! company Cathay really is - they just proved it - 4B profit. F.C. you staff... do you swallow... hahahhahahha - I dont.. Im goin hahahha Sh.t.. shi..
Joined: May 2000
Posts: 154
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From: the world
Liam,
I think the point is that the managers will receive significant amounts based on the amounts they could cut from the budget, things like our meals allowances etc, and on the performance of the staff at the coal face.
Perhaps the staff at the coal face deserve more!
I think the point is that the managers will receive significant amounts based on the amounts they could cut from the budget, things like our meals allowances etc, and on the performance of the staff at the coal face.
Perhaps the staff at the coal face deserve more!
Joined: Mar 2000
Posts: 19
Likes: 0
Backspace,
Management bonuses have nothing to do with the Profit Share announced yesterday. Management bonuses are performance related pay and form part of a Manager's renumeration package. If Yeager and co want a piece of that; buy a blue shirt, iron your pants, polish your shoes and get ready to kiss @rse.
As another poster said; you want profit share; put your money where your mouth is and call your broker.....
I stand by my comment... ungrateful tw@ts......
Management bonuses have nothing to do with the Profit Share announced yesterday. Management bonuses are performance related pay and form part of a Manager's renumeration package. If Yeager and co want a piece of that; buy a blue shirt, iron your pants, polish your shoes and get ready to kiss @rse.
As another poster said; you want profit share; put your money where your mouth is and call your broker.....
I stand by my comment... ungrateful tw@ts......