Delta Air Lines is giving its employees a $1.5 billion reward
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Delta Air Lines is giving its employees a $1.5 billion reward
Delta Air Lines is giving its employees a $1.5 billion reward - Business Insider
Delta Air Lines announced on Friday that its 80,000 employees will receive $1.5 billion in profit-sharing.
According to the airline, this is the largest amount ever paid out in the history of profit-sharing programs.
For Delta's employees, individuals will receive the equivalent of 21% of their annual compensation.
"We are often asked what makes Delta different,” Delta CEO Richard Anderson and President Ed Bastian said in a memo to employees.
"The difference is you. Our unique people-focused culture is the advantage that none of our competitors can match."
According to AirwaysNews, Delta's profit-sharing plan is structured to so that employees are returned roughly 10% of profits, but can escalate to 20% if the company earns more than $2.5 billion a year.
Delta is coming off of a stellar 2015 in which the company reported adjusted, pre-tax profits of $5.9 billion.
This latest round of profit-sharing comes on the heels the $1.1 billion the airline paid out to employees in February of 2015.
In total, Delta states that it has doled out a total of $4.1 billion in profit-sharing and other performance rewards over the past five years.
Delta Air Lines announced on Friday that its 80,000 employees will receive $1.5 billion in profit-sharing.
According to the airline, this is the largest amount ever paid out in the history of profit-sharing programs.
For Delta's employees, individuals will receive the equivalent of 21% of their annual compensation.
"We are often asked what makes Delta different,” Delta CEO Richard Anderson and President Ed Bastian said in a memo to employees.
"The difference is you. Our unique people-focused culture is the advantage that none of our competitors can match."
According to AirwaysNews, Delta's profit-sharing plan is structured to so that employees are returned roughly 10% of profits, but can escalate to 20% if the company earns more than $2.5 billion a year.
Delta is coming off of a stellar 2015 in which the company reported adjusted, pre-tax profits of $5.9 billion.
This latest round of profit-sharing comes on the heels the $1.1 billion the airline paid out to employees in February of 2015.
In total, Delta states that it has doled out a total of $4.1 billion in profit-sharing and other performance rewards over the past five years.
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Just sick of all the "Emirates roadshow coming to HK", "here's what Delta give to their employees", "BA is recruiting again" bull$h!t.
What do you achieve by putting it on PPRUNE. Really, what does it achieve? We all know who we're working for (although some of the spiky hair brigade may not.). We know there will be a $2000hk profit share in our March pay.
What do you achieve by putting it on PPRUNE. Really, what does it achieve? We all know who we're working for (although some of the spiky hair brigade may not.). We know there will be a $2000hk profit share in our March pay.
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Good grief. I can just imagine you as Churchill's associate the day that France fell to the Nazi's. "Well Winnie, it's all over...let's get our surrender documents ready".... With stalwarts like you, it's no wonder CX management sees no limits to their attacks on our career value and potential. Instead of asking, "what good does it do posting these things on PPRUNE", I would ask, " what good does your sniveling weakness and defeatism do" ?
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Good grief. I can just imagine you as Churchill's associate the day that France fell to the Nazi's. "Well Winnie, it's all over...let's get our surrender documents ready".... With stalwarts like you, it's no wonder CX management sees no limits to their attacks on our career value and potential. Instead of asking, "what good does it do posting these things on PPRUNE", I would ask, " what good does your sniveling weakness and defeatism do" ?
I really hope I also get 21% of my annual sallary as my profit share in March. Fingers crossed!
