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EK Profit Share....

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EK Profit Share....

Old 30th Apr 2008, 14:19
  #81 (permalink)  
 
Join Date: Aug 2006
Location: Dubai
Posts: 21
So the TC rumour wasn't a rumour then.
Time for another bottle of bubbly... hic..hic..
Greensky is offline  
Old 30th Apr 2008, 15:13
  #82 (permalink)  
 
Join Date: Sep 2005
Location: Europe
Posts: 257
Shall I cut and past my post from April 9th again? Here we go:

"
I'm betting on a BIG bonus (even close to 16 weeks) and only a marginal pay increase (maybe 5-10%). By far the cheapest formula for EK: 1 time expenditure, no risks for the future and most of the skippers are blinded by a bonus....

Zero impact on pensions, future pay....AND they can attract huuuge crowds with this big carrot...
Some senior skippers may jump the ship now but I think EK doesn't care so much. They only work big numbers and most of us are stuck here anyway (at least for a while).
They set to the tone with the rosters last february.... right?

They are very very clever."

Now get ready for 5 to 10% pay rise. Wait and see....
Remember they are more clever than you....
5star is offline  
Old 30th Apr 2008, 16:01
  #83 (permalink)  
 
Join Date: Sep 2005
Location: Dublin
Age: 49
Posts: 56
Does anyone know if there will be deductions from this bonus? For example: I contribute to the provident fund 'C' account.

Can I expect my 10%contribution to this account to be deducted from the bonus check?? Anyone in the know???

Likewise... Is the standard A (12%) + B (5%) account deductions applicable as well?

Just trying to figure out how many Russian [email protected]#ers I can factor into the equation...
yankee22 is offline  
Old 30th Apr 2008, 16:13
  #84 (permalink)  
 
Join Date: Aug 1998
Location: Blandings
Posts: 690
grab a calculator...

multiply your monthly salary by 12, divide by 52, multiply by 14. This is the amount that will appear on your May paycheck. To the dirham.

Sorry to dissapoint the conspiracy theorists but that is about as arcane as it gets.
Dropp the Pilot is offline  
Old 30th Apr 2008, 16:21
  #85 (permalink)  
 
Join Date: Sep 2005
Location: Dublin
Age: 49
Posts: 56
Does anyone know if they apply the ERP to that sum of money?
yankee22 is offline  
Old 30th Apr 2008, 16:24
  #86 (permalink)  
 
Join Date: Jun 2005
Location: MIDDLE EAST
Posts: 1,040
Yankee

C'mon buddy and get yer shit together. Profit share is an added bonus to what would be a normal months salary. It's based on BASIC salary. No deductions from this, no ERP added, no fund C contributions, no training allowance, no education deductions................. What you do with your 14 weeks is up to you.

I guess the Ruskies are waiting...........................

Harry
harry the cod is offline  
Old 30th Apr 2008, 16:34
  #87 (permalink)  
 
Join Date: Dec 2000
Location: The Beach
Posts: 444
The Master throws his loving hunting dogs a morsel of the bag, now they will roll over and let him tickle their tummy's...again.

Lets see profit $1.48 billion prophet. thats $1,480,000,000

We get roughly $50,000,000 split between 1800 ish pilots. about 0.3%.

Not knocking it, in fact I am absolutely delighted , but don't be blinded by the number 14.

It probably just about makes up for last year, and the previous cost neutral changes, never mind the year before that

And as the previous post, big headline, small cost, attract the fools blinded by the pot of gold , trap them and voilą ..no need to pay big for a couple of years again..

Call me a cynical barstewrd if you like, lets see if spending 14 weeks will put a smile on my face...
145qrh is offline  
Old 30th Apr 2008, 16:58
  #88 (permalink)  
 
Join Date: Apr 2008
Location: UAE
Age: 39
Posts: 6
Some people will just never be satisfied.
Flagg is offline  
Old 30th Apr 2008, 17:16
  #89 (permalink)  
 
Join Date: Jun 2001
Location: Boldly going where no split infinitive has gone before..
Posts: 4,316
8 weeks, 5% + increment. No increase on flight pay. Utilities maybe 7%

see if I'm wrong!
Well, you're wrong so far...
Wizofoz is offline  
Old 30th Apr 2008, 17:45
  #90 (permalink)  
 
Join Date: Jan 2003
Location: Eternal Beach
Posts: 1,043
Well l got mine ordered!

halas
halas is offline  
Old 30th Apr 2008, 21:23
  #91 (permalink)  
 
Join Date: Jun 2007
Location: Dubai
Posts: 136
Some people will just never be satisfied.


Indeed, and I thought that the mosquitos thread was bad enough.

There are airlinesclosing down and we complain because we've got 14 weeks of basic salary.


SIMPLY ENJOY IT AND THANK THAT YOU HAVE A SECURED JOB, YOU'LL KNOW WHAT TO DO OTHERWISE !!!!
Leito is offline  
Old 1st May 2008, 02:22
  #92 (permalink)  
 
Join Date: Feb 2008
Location: SFO
Age: 41
Posts: 63
Wow!! I have got to get a job at Emirates.
JuniorMan is offline  
Old 1st May 2008, 02:43
  #93 (permalink)  


 
Join Date: Dec 2007
Location: Cat West
Posts: 540
The line forms behind me!!!!!!!!!!!

Guns
Guns-A-GoGo is offline  
Old 1st May 2008, 03:04
  #94 (permalink)  
 
Join Date: Aug 2006
Location: UAE
Posts: 122
All I can say is WOW!!!!!
Ketek400 is offline  
Old 1st May 2008, 03:38
  #95 (permalink)  
 
Join Date: Aug 2002
Location: EARTH (WHY I DONT KNOW)
Posts: 193
Id give it all up for a basing tomorrow , here that Sheik A you can keep my bonus just let me go home....................
Ramboflyer 1 is offline  
Old 1st May 2008, 05:11
  #96 (permalink)  
 
Join Date: May 2005
Location: Earth
Posts: 563
I wouldn't be surprised if this was the last year that the bonus is awarded, anyone seen the target for next year??

Sorry to piss on peoples bonfires but as far as I'm concerned if you split the bonus up into 12 months then added it to your salary then that's about what we should be getting paid wrt inflation in Dxb etc. So, no, I'm not excited at all, I just feel that we have now earned a fair salary amount for the last 12 months.

Another thing, the '05, '06, & '07 bonuses where a crock of s**t, this one is the first one in recent years to POSSIBLY reflect the truth, and I guarentee you that once they have sucked in a load of pilots over the next few months, that next years bonus (If there is one) will be pitiful.

There is only one reason that the bonus was half decent this year and that was to attract fresh meat to the grinder, I don't think many of the existing pilots/staff are fooled by the politics of this.

.....I'll get me coat then
Fart Master is offline  
Old 1st May 2008, 05:41
  #97 (permalink)  
 
Join Date: Jun 2006
Location: Dunesville
Posts: 339
Agreed FM.

Also take into account we have to cost cut to the tune of $100 million, added competition on routes and that most of us would like to avoid the amount of work it took to get this years share, next years will be much lower.

It was also a possible prelim to a floatation so it had to look good.
Marooned is offline  
Old 1st May 2008, 06:39
  #98 (permalink)  
 
Join Date: Jul 2001
Location: Gulf playing Golf
Posts: 1,141
So it took 20 hours for the doomsday sayers to craw into their caves again, some people are just never happy for more that 5 minuts.

HH, thanks for the bonus. Please let me stay for a few more
Payscale is offline  
Old 1st May 2008, 06:59
  #99 (permalink)  
 
Join Date: Jun 2006
Location: Dunesville
Posts: 339
PS you've been bent over so long you are actually starting to enjoy it.

Hope it improves your swing.

Last edited by Marooned; 1st May 2008 at 07:10.
Marooned is offline  
Old 1st May 2008, 07:28
  #100 (permalink)  
 
Join Date: May 2005
Location: Earth
Posts: 563
Payscale, I'm not a pessimist, just a Realist, yes I will enjoy the bonus, but I'm afraid that it has been well diluted by the last few years T&C's, inflation and BS 'profit shares' of the last few years.

....and, yes, I know 'if I don't like it I can leave', but i'ts not quite bad enough yet for me to leave
Fart Master is offline  

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