EK Profit Share
Join Date: May 2005
Location: IN THE PIT
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Well, it is going to be like the Hilton Brand, like it's most famously known (employee) on the pay books. These managers like to shaft others, don't proove to do too well when on the top, and when it comes to do the job, all they do is blow it 
. See, could be either company we are talking about here. 
. See, could be either company we are talking about here.
Join Date: Jul 1999
Location: Stockholm / Sweden
Age: 48
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Hey ShockWave -
"Who else is there to sponsor? Any one need a new stadium built? Surely we can give this money to someone! We can't just give it away to the staff for no justifiable benefit to EK!"
Don't worry:
They Wannabees Managers are just about to splash out 1,5 Million Pound (not
Crappy Dirham) to replace the Concorde 1/4 Scale Model at the Roundabout to terminals 1,2 &3 at LHR. as BA is moving to Terminal 5 pretty soon;
so the beancounters thought its time to replace it with a frumpy looking A 380 Model in Emirates livery instead!
well - I'm afraid that doesn't bring the 10%+ resigation quote of qualified flightdeck crews - last year alone - under control
just wait what will happen, when they dare to announce a less than 4-weeks profit share - HR won't be amused by then - You bet!
"Who else is there to sponsor? Any one need a new stadium built? Surely we can give this money to someone! We can't just give it away to the staff for no justifiable benefit to EK!"
Don't worry:
They Wannabees Managers are just about to splash out 1,5 Million Pound (not
Crappy Dirham) to replace the Concorde 1/4 Scale Model at the Roundabout to terminals 1,2 &3 at LHR. as BA is moving to Terminal 5 pretty soon;
so the beancounters thought its time to replace it with a frumpy looking A 380 Model in Emirates livery instead!
well - I'm afraid that doesn't bring the 10%+ resigation quote of qualified flightdeck crews - last year alone - under control
just wait what will happen, when they dare to announce a less than 4-weeks profit share - HR won't be amused by then - You bet!
Join Date: Mar 2003
Location: Dubai
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Well, I just about got it right last year, so here is my guess.
5 weeks
Based on nothing more than the theory, that it is the least they can get away without giving employees a proper pay rise.
Of course the usual scales will apply
Cabin Crew 1/2 share (basic pay only, to dumb to realise it
)
Flight Deck 1 x share (until next year onwards when pph kicks in fully)
VP's 2 x share
SVP's 4-5 x share
EVP's & above, who knows the limits
5 weeks
Based on nothing more than the theory, that it is the least they can get away without giving employees a proper pay rise.
Of course the usual scales will apply
Cabin Crew 1/2 share (basic pay only, to dumb to realise it
)Flight Deck 1 x share (until next year onwards when pph kicks in fully)
VP's 2 x share
SVP's 4-5 x share
EVP's & above, who knows the limits
Join Date: Jun 2001
Location: On the pale Blue Dot
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I have a theory that management trawl these threads and keep there ears
to the ground as too the profit share rumours and give us what the
dominating rumour is. Why give more than the troops are expecting!!!!!!
With that in mind we need to start pushing the rumoured amount up.
I'll start
At least 12 weeks
Join Date: Dec 2003
Location: In the Desert
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Rumour from our finance manager, who is usually pretty spot on is that maximum is 3 weeks and could only be 2. Hope to god that this year he is wrong. It looks as though we will only just achieve the profit target set last year.
what EK seem to forget is that the increase in profit was to be about 20% increase on the previous year. So we increase profit by 20%, get a three week bonus and and a thank you. That doesn't really cover it does it. Inflation here is over 20%, everyone working longer and harder. One more year...
what EK seem to forget is that the increase in profit was to be about 20% increase on the previous year. So we increase profit by 20%, get a three week bonus and and a thank you. That doesn't really cover it does it. Inflation here is over 20%, everyone working longer and harder. One more year...
Join Date: Mar 2003
Location: uae
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Has anyone kept track of just how much money the has made in the last 2-3-4 years, I haven't but I think it's about 1.5 bil US in profit above every other expense. Surely they can pay alittle extra to get some pilots coming in order to not park airplanes. 3 weeks would be an insult but i'm not ruling it out.Sad
Join Date: Jun 2006
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Quote: 'get a three week bonus and and a thank you'
I doubt we will even get a thank you just a patronising letter from Ed or TCAS, or even better the illiterate AAR, on the excuses for this years share being as c£ap as...well every other year and why it was no ones fault except... well theirs actually but don't complain because millions want to join our wonderful airline so lump it anyway and aren't Arsenal really good, what a lovely stadium, and look at our Americas Cup boat...and the Dubai Cup... oh you were working? Never mind it was great blah blah... Oh and fuel prices... Ok I know we actually make a fortune on it anyway and charge surcharges even when its gone back down again but it won't be here for ever and then where will we be...
Actually, it may not even be a letter from Ed... is he still here or on a mission?
I doubt we will even get a thank you just a patronising letter from Ed or TCAS, or even better the illiterate AAR, on the excuses for this years share being as c£ap as...well every other year and why it was no ones fault except... well theirs actually but don't complain because millions want to join our wonderful airline so lump it anyway and aren't Arsenal really good, what a lovely stadium, and look at our Americas Cup boat...and the Dubai Cup... oh you were working? Never mind it was great blah blah... Oh and fuel prices... Ok I know we actually make a fortune on it anyway and charge surcharges even when its gone back down again but it won't be here for ever and then where will we be...
Actually, it may not even be a letter from Ed... is he still here or on a mission?
Join Date: Jun 2006
Location: Dubai
Age: 54
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EK did not barely make target this year. They passed the mark in about December I have been told. If that is true we should be in line for about 7-8 weeks profit share. Anything less would be a slap in the face and an insult to us.
Join Date: Jun 2001
Location: In the State of Perpetual Confusion
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I've heard all the rumours and I really don't know who to believe. If the company has made a mountainful of profits and we are due a hefty profit share check, I can't help but remember a similar situation a few years ago when lo and behold, EK decided to make an additional payment to the Dubai government. The result was that it reduced our profit share significantly.
Join Date: Jan 2007
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It´s gonna be less than last year 4 sure.
They can blame it on the Biman for all I care.
The bonus is a joke and will be gone next year.
Trust me!!!!!!
fo4ever and ever and ever and ever and ever
They can blame it on the Biman for all I care.
The bonus is a joke and will be gone next year.
Trust me!!!!!!
fo4ever and ever and ever and ever and ever
Join Date: Sep 2003
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Don't get you hopes up
The bonus fiasco every year sums up Emirates to a tee:
At EK you never get what you expect.
Nothing at EK ever lives up to expectations.
What could be a wonderful is always lessened by EK management.
Nothing is ever as simple as it seems at EK.
EK will always give you the minimum.
In short, we will not get what we deserve, expect or desire. We will get what EK deems is necessary to placate, no more no less!!!
Prepare to be diappointed.
PS who is MR Ed, never seen him or a picture of him. Where has Squeely hidden himself, not seen anything of him recently?
At EK you never get what you expect.
Nothing at EK ever lives up to expectations.
What could be a wonderful is always lessened by EK management.
Nothing is ever as simple as it seems at EK.
EK will always give you the minimum.
In short, we will not get what we deserve, expect or desire. We will get what EK deems is necessary to placate, no more no less!!!
Prepare to be diappointed.
PS who is MR Ed, never seen him or a picture of him. Where has Squeely hidden himself, not seen anything of him recently?
Join Date: Aug 2003
Location: Sandy beach
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My 2 fils worth....
5 weeks, but the math would indicate 8.....
A management cash payout for 3 weeks to help pay for the newly anncounced race track, which leaves us waiting for summer golf rates, coupons, or staying at home with our newly purchased Tiger Woods 2007. I guess we'll be seeing more of you at the mall....
No reasonably priced golf in Dubai? Why am I here again?
5 weeks, but the math would indicate 8.....
A management cash payout for 3 weeks to help pay for the newly anncounced race track, which leaves us waiting for summer golf rates, coupons, or staying at home with our newly purchased Tiger Woods 2007. I guess we'll be seeing more of you at the mall....
No reasonably priced golf in Dubai? Why am I here again?