And the EK Profit Share is... and Emirates Profits Merged
Hmmm...
Previous years the bonus has been based on the NEW pay-rate after review. Hope that's the case here (unless the increase is zero, in which case who cares!!)
Previous years the bonus has been based on the NEW pay-rate after review. Hope that's the case here (unless the increase is zero, in which case who cares!!)
Join Date: Aug 1998
Location: the ridge where the west commences
Posts: 770
Likes: 0
Received 0 Likes
on
0 Posts
in previous years...
Dear Wiz - must be the laudanum speaking on your journey through the poppy fields - the profit share paid has never ever been based on the new pay.
Join Date: May 2008
Location: pit
Posts: 314
Likes: 0
Received 0 Likes
on
0 Posts
12 weeks, well .....
I always thought this was a profit share, as advertised earlier by the company and the arithmetics provided.
Now I have to read on the portal that it is suddenly a bonus!!
So it all starts to make sense. As they do not apply the promised arithmetics for a share of the profit (it should have provided closer to 20 weeks), they change from the latter to a bonus, which can be simply determined by them to their liking. No profit share no more, only bonuses.
EK does no longer share, but rewards with arbitrary bonuses.
Not bad, but .... not what was promised. Anyone surprised?
Remember when Dubai was thriving and generating profits like crazy, just as much as inflation? Yeaaaahhhhh ..... The goverrnment then gave all their employees a 70% raise, for locals, for expats only 20, the local pilots got their 5 to 7000 AED contribution to the rising costs, the expat pilots zilch (This in itself qualifies easily for blatant racism).
When asked why we didn't get a raise, the company simply replied that we were a private entity, nothing to do with the government, only owned by them. Not one word about special treatment for locals who by the way do not even pay for water and electricity, no cap .... basic needs, which again qualifies for racial advantage ....
Now that they screwed up badly, we suddenly very much are a government company and therefore entitled to help them out of their self imposed cr@p. What an honor!!
Don't get me wrong.
The 12 weeks are highly appreciated.
Not so the circumstances.
I always thought this was a profit share, as advertised earlier by the company and the arithmetics provided.
Now I have to read on the portal that it is suddenly a bonus!!
So it all starts to make sense. As they do not apply the promised arithmetics for a share of the profit (it should have provided closer to 20 weeks), they change from the latter to a bonus, which can be simply determined by them to their liking. No profit share no more, only bonuses.
EK does no longer share, but rewards with arbitrary bonuses.
Not bad, but .... not what was promised. Anyone surprised?
Remember when Dubai was thriving and generating profits like crazy, just as much as inflation? Yeaaaahhhhh ..... The goverrnment then gave all their employees a 70% raise, for locals, for expats only 20, the local pilots got their 5 to 7000 AED contribution to the rising costs, the expat pilots zilch (This in itself qualifies easily for blatant racism).
When asked why we didn't get a raise, the company simply replied that we were a private entity, nothing to do with the government, only owned by them. Not one word about special treatment for locals who by the way do not even pay for water and electricity, no cap .... basic needs, which again qualifies for racial advantage ....
Now that they screwed up badly, we suddenly very much are a government company and therefore entitled to help them out of their self imposed cr@p. What an honor!!
Don't get me wrong.
The 12 weeks are highly appreciated.
Not so the circumstances.
Join Date: Jun 2006
Location: Dubai
Age: 54
Posts: 328
Likes: 0
Received 0 Likes
on
0 Posts
Are the wimpy EK pilots really happy with losing 40% of their bonus? The company just stole 8 weeks of our bonus and pilots are actually happy about it. Talk about Stockholm Syndrome. Get real people.
How about this. For your May paycheck the company is only going to pay about 60% of your basic salary. Would that be okay? Would you be happy with that. After all they are paying you something just not what you are owed.
We all know that a lot (too many) pilots would be happy with that concept but the pilots with common sense would not.
Wake up. We want what we are deserved and owed, nothing more nothing less. Is that too much to ask?
How about this. For your May paycheck the company is only going to pay about 60% of your basic salary. Would that be okay? Would you be happy with that. After all they are paying you something just not what you are owed.
We all know that a lot (too many) pilots would be happy with that concept but the pilots with common sense would not.
Wake up. We want what we are deserved and owed, nothing more nothing less. Is that too much to ask?
Join Date: Jul 2000
Location: Dubai - sand land.
Age: 55
Posts: 2,832
Received 0 Likes
on
0 Posts
You're correct Pool - indeed a profit share and not a bonus* but they pretty well add up to the same thing!!! You know, 25% of the profit over the target and all that! The other 75% of course gets sent to the owners, which would seem to be the Dubai government. And unless you work in payroll you'll actually have no idea (nor have I) what the exact number of weeks should be!
As for the 'wimpy EK pilots' Cerbus... Have we seen you knocking on the managers doors lately and stating your case? I doubt it
If you have then good on you and I welcome more of your sarcastic bollocks PMs
* Most people refer to it as the BONUS.... As in "what's the bonus likely to be?", "will it be a good bonus?". Call it a turn of phrase and all that
Maybe Sittingidly can buy some more silver and gold - might shut him up for a bit
As for the 'wimpy EK pilots' Cerbus... Have we seen you knocking on the managers doors lately and stating your case? I doubt it
If you have then good on you and I welcome more of your sarcastic bollocks PMs* Most people refer to it as the BONUS.... As in "what's the bonus likely to be?", "will it be a good bonus?". Call it a turn of phrase and all that
Maybe Sittingidly can buy some more silver and gold - might shut him up for a bit
Join Date: Feb 2010
Location: Tatooine
Posts: 154
Likes: 0
Received 0 Likes
on
0 Posts
Wiz, as I originally stated and pool clarified, when the "government owned" employees all got a raise we did not because, according to them, we are not government owned. When the rest of the world was crying foul over government subsidies they once again declared that we are not government owned or subsidized. However, when it suits them, as it does now, and to your satisfaction, we pay dividends to the "owners" i.e. the dubai government. So which is it?
And Varmint, feel free to not read what's written here if you don't work here. If you do, what piece of crap outfit do you come from where getting bent over and having to take it is the norm?
And Varmint, feel free to not read what's written here if you don't work here. If you do, what piece of crap outfit do you come from where getting bent over and having to take it is the norm?
Mos,
There is a difference between working for a corporation that is owned by the Government, and working directly for the Government, but I do see where you were coming from.
Dropp,
Oh! Yes! Just checked last years and you are correct. Don't know why I was under that impression.
There is a difference between working for a corporation that is owned by the Government, and working directly for the Government, but I do see where you were coming from.
Dropp,
Oh! Yes! Just checked last years and you are correct. Don't know why I was under that impression.
Last edited by Wizofoz; 10th May 2011 at 19:51.
Join Date: Oct 2004
Location: Dubai
Posts: 322
Likes: 0
Received 0 Likes
on
0 Posts
Wiz,
Would you care to name the year (any year) that the profit share has been paid out on the new pay rate?
I've been here quite a while, and it's NEVER been that way.
I know it's only a rumour network but for heaven's sake, get at least simple facts like that straight.
Would you care to name the year (any year) that the profit share has been paid out on the new pay rate?
I've been here quite a while, and it's NEVER been that way.
I know it's only a rumour network but for heaven's sake, get at least simple facts like that straight.
Join Date: Dec 2006
Location: dxb
Posts: 16
Likes: 0
Received 0 Likes
on
0 Posts
Pool, Cerbus, spot on.
White Knight, Wizofoz, Bymonek. And others just like you.
There was a few pilots with DNATA and Emirates,
So happy to be with these conglomerates,
They failed to realise,
The pineapple size,
Means that up their arse,their head now fits.
White Knight, Wizofoz, Bymonek. And others just like you.
There was a few pilots with DNATA and Emirates,
So happy to be with these conglomerates,
They failed to realise,
The pineapple size,
Means that up their arse,their head now fits.
Last edited by emiratesf hucker; 11th May 2011 at 09:57.
Join Date: Dec 2002
Location: usa
Posts: 1,005
Likes: 0
Received 0 Likes
on
0 Posts
Well Emiratesf hucker,
Yes its an anonymous site, but anyone that has the crass handle that you have has zero business in this profession...disgraceful.
To the profit share....many a moaner moaned and lambasted the co. before knowing the number of weeks...12 weeks is a lot better than people thought...so Im not complaining.
Now to the guys that do complain and moan year on year, day in and day out....just go ...for the love of God grab some pride and make the jump to these companies out there that pay six month bonuses, and the hefty pay raise every year....and when you are there by all means come back and gloat...PLEASE...come back and gloat so that we can all follow you to the promised land of.....???????????...where?
f.
Yes its an anonymous site, but anyone that has the crass handle that you have has zero business in this profession...disgraceful.
To the profit share....many a moaner moaned and lambasted the co. before knowing the number of weeks...12 weeks is a lot better than people thought...so Im not complaining.
Now to the guys that do complain and moan year on year, day in and day out....just go ...for the love of God grab some pride and make the jump to these companies out there that pay six month bonuses, and the hefty pay raise every year....and when you are there by all means come back and gloat...PLEASE...come back and gloat so that we can all follow you to the promised land of.....???????????...where?
f.
Join Date: Jun 2006
Location: Dubai
Age: 54
Posts: 328
Likes: 0
Received 0 Likes
on
0 Posts
Fillion we see you are ready to be a middle eastern manager with the attitude you have. If you don't like it leave. What a great style of management. Are you an oppressor or come from an oppressed country? Try doing that crap in Europe and see how far it gets you.
What the EK pilots have to realize is yes 12 weeks is good, if that is what we were owed. However we were owed much more as the target and profit show. Just because you "thought" we would get less is a testement to your Stockholm Syndrome. There is a formula that the company is suppose to follow with regards to the profit share. It is straight foward.
As I wrote earlier no one would be happy with only getting 60% of their May paycheck. After all our salaries are considerably higher than many 3rd world pilots paychecks but just because we make more than them I would still not want to get paid 60% of what I am owed.
Honour the contract which is a very hard thing to do in this part of the world.
What the EK pilots have to realize is yes 12 weeks is good, if that is what we were owed. However we were owed much more as the target and profit show. Just because you "thought" we would get less is a testement to your Stockholm Syndrome. There is a formula that the company is suppose to follow with regards to the profit share. It is straight foward.
As I wrote earlier no one would be happy with only getting 60% of their May paycheck. After all our salaries are considerably higher than many 3rd world pilots paychecks but just because we make more than them I would still not want to get paid 60% of what I am owed.
Honour the contract which is a very hard thing to do in this part of the world.
cerbus,
Sorry, can you show how it is we should have got more?
You're saying 25% of profit in excess of target has NOT been distributed?
Not saying you're wrong, but can you show the maths?
Sorry, can you show how it is we should have got more?
You're saying 25% of profit in excess of target has NOT been distributed?
Not saying you're wrong, but can you show the maths?
Join Date: Dec 2002
Location: usa
Posts: 1,005
Likes: 0
Received 0 Likes
on
0 Posts
Cerbus,
Name three better options in the market right now.
Employees and employers have different agendas, its called business. Deal with it OR move on.
No doubt you run your household differently and pay for services at a price that the vendor demands at the outset... heavens forbid you would try to manage your business(household) in a way that benefits you and not the guy/gal you are employing.
please
f.
Name three better options in the market right now.
Employees and employers have different agendas, its called business. Deal with it OR move on.
No doubt you run your household differently and pay for services at a price that the vendor demands at the outset... heavens forbid you would try to manage your business(household) in a way that benefits you and not the guy/gal you are employing.
please
f.
Join Date: Dec 2006
Location: KUL
Posts: 431
Likes: 0
Received 0 Likes
on
0 Posts
Lessee...
Target was AED bn 4.25
Profit was AED bn 5.9
Difference is AED bn 1.65
25% of that are AED 412 500 000.--
Divided by 57000 staff makes it AED 7236.84 per head.
Discounting the two weeks for reaching the target that would mean that the average EK employee makes AED 723.69 a week. About AED 3000.-- a month basic? Can that be? Where did my math go wrong?
Target was AED bn 4.25
Profit was AED bn 5.9
Difference is AED bn 1.65
25% of that are AED 412 500 000.--
Divided by 57000 staff makes it AED 7236.84 per head.
Discounting the two weeks for reaching the target that would mean that the average EK employee makes AED 723.69 a week. About AED 3000.-- a month basic? Can that be? Where did my math go wrong?
Join Date: Sep 2010
Location: Empty quarter
Age: 44
Posts: 15
Likes: 0
Received 0 Likes
on
0 Posts
Cerbus et al
If the non moaners have Stockholm syndrome then what do you suffer from, know all nostalgia syndrome. There are many more market refugees here from Europe than there are repatriated ex Ek drivers in Europe. You need to deal with the facts and not some fantasy about the old country.
Care to give us some examples of companies in Europe that dont screw their pilots.
Asking why you dont leave is nothing to do with being a manager its just illogical to stay if you are so unhappy about your employer and the grass is greener elsewhere.
Living abroad and working as an expat in work or legal enviroments other than your own can be challenging on many levels. You represent the people on here that either cant deal with the challenge or dont have the balls to improve you life by acting on your unhappiness. That is a generic statement and not specific to EK.
So just come here slag off everything except your own perception, or have a word with your self and **** off. My money is on the former.
If the non moaners have Stockholm syndrome then what do you suffer from, know all nostalgia syndrome. There are many more market refugees here from Europe than there are repatriated ex Ek drivers in Europe. You need to deal with the facts and not some fantasy about the old country.
Care to give us some examples of companies in Europe that dont screw their pilots.
Asking why you dont leave is nothing to do with being a manager its just illogical to stay if you are so unhappy about your employer and the grass is greener elsewhere.
Living abroad and working as an expat in work or legal enviroments other than your own can be challenging on many levels. You represent the people on here that either cant deal with the challenge or dont have the balls to improve you life by acting on your unhappiness. That is a generic statement and not specific to EK.
So just come here slag off everything except your own perception, or have a word with your self and **** off. My money is on the former.