EK BONUS!!
Joined: Apr 2003
Posts: 1,034
Likes: 2
From: UAE
The announcement is not always at the start of May, it can be more towards the middle. I would expect there would be some kind of fanfare and buildup before hand so the World can be ready to find out what a successful company we are. Usually there is some kind of theatrical event in the atrium at EGHQ so all the office workers can cheer the results.
Joined: Oct 2007
Posts: 118
Likes: 0
From: Sandpit
How is it the "extra mile" when it's expected that everyone will do it?
You would have thought they would throw us a bone to motivate the employee group before this 80 day challenge or what ever they are calling it. But since that didn't happen.....
It will be very interesting to see how this summer plays out with a fully disenfranchised group of employees. My guess is that everyone will do just enough to not be put on the boat headed home and not an inch more. Just look back at history to see how well that has played out for a company choosing profits at all cost.
I'm crossing my fingers that I'll be wrong............
You would have thought they would throw us a bone to motivate the employee group before this 80 day challenge or what ever they are calling it. But since that didn't happen.....
It will be very interesting to see how this summer plays out with a fully disenfranchised group of employees. My guess is that everyone will do just enough to not be put on the boat headed home and not an inch more. Just look back at history to see how well that has played out for a company choosing profits at all cost.
I'm crossing my fingers that I'll be wrong............
Joined: Jul 2011
Posts: 82
Likes: 0
From: here and there
You shouldn't be wanting a profit share.
Unless you are planning on leaving in the next 12 months then it is the worst reward you could be given.
What you should be looking for is a substantial increase in the basic salary which has fallen to a very poor level. Anything less than a 17% increase on that and you have lost. The inflation level around the world - not just the ridiculous nature in Dubai - is quite staggering, and putting salaries to a very low level in real terms
Get that 'catch up to inflation' pay-rise first, and then a profit share on top is a reward. Get a 6 week or 8 week or 10 week profit share, with a normal incremental increase in salary and you have really lost out.
Do the sums and you'll see why that one-off profit-share with no substantial increase in monthly salary is a 'bonus' for the company, and not you.
Unless you are planning on leaving in the next 12 months then it is the worst reward you could be given.
What you should be looking for is a substantial increase in the basic salary which has fallen to a very poor level. Anything less than a 17% increase on that and you have lost. The inflation level around the world - not just the ridiculous nature in Dubai - is quite staggering, and putting salaries to a very low level in real terms
Get that 'catch up to inflation' pay-rise first, and then a profit share on top is a reward. Get a 6 week or 8 week or 10 week profit share, with a normal incremental increase in salary and you have really lost out.
Do the sums and you'll see why that one-off profit-share with no substantial increase in monthly salary is a 'bonus' for the company, and not you.
Joined: Oct 2007
Posts: 118
Likes: 0
From: Sandpit
You are correct. I think most would take a adequate pay rise any day over a bonus. But they probably won't do either one in my opinion.
The pay rise will come when enough of us have voted with our feet and the outsiders that they want to attract stay away. I think that day is coming soon, but I don't think it's here just quite yet.
The pay rise will come when enough of us have voted with our feet and the outsiders that they want to attract stay away. I think that day is coming soon, but I don't think it's here just quite yet.
Joined: Dec 2002
Posts: 1,003
Likes: 0
From: usa
Agree with BD...not quite there yet,..but getting closer.
It is a fundamental universal tenet of global good business ...that when a corporation prospers - so do it's people.
It's this divergence that creates the resentment ...the co. makes more money, we make less.
Something always gives.
The breaking point may not happen for years if at all during my career...but it is my own speculation that if there were to be a accident (I hope it NEVER happens)
It would result in onion peeling by external factors...showing a rot at the core.
Probably only then will they wake up.
It is a fundamental universal tenet of global good business ...that when a corporation prospers - so do it's people.
It's this divergence that creates the resentment ...the co. makes more money, we make less.
Something always gives.
The breaking point may not happen for years if at all during my career...but it is my own speculation that if there were to be a accident (I hope it NEVER happens)
It would result in onion peeling by external factors...showing a rot at the core.
Probably only then will they wake up.
Joined: Mar 2010
Posts: 201
Likes: 0
From: Tundra
I see Ethiopian has increased their package. Perhaps, another sign that there is increasing competition for qualified pilots.
Maybe, just maybe, the supply and demand equation is moving in our favour. That will, eventually, force companies like EK to consider their compensation.
Will it be this year? I am guessing they will try to avoid it as long as possible. Then, when they are faced with parked airplanes, full crisis management will be the response.
Maybe, just maybe, the supply and demand equation is moving in our favour. That will, eventually, force companies like EK to consider their compensation.
Will it be this year? I am guessing they will try to avoid it as long as possible. Then, when they are faced with parked airplanes, full crisis management will be the response.
Joined: Apr 1999
Posts: 359
Likes: 0
From: is a point of view
EK BONUS!!
And measures will be put in place to cover the 'shortage'.. Three man ULR (just don't call it ULR) 4 man turnarounds on medium/long haul, 1000 hrs limit and.. Oh wait.. Aren't those already being tested? Hmm..
Last edited by Pointer; 2nd May 2014 at 22:28.
Joined: Aug 2003
Posts: 430
Likes: 0
From: Sandy beach
My worst case scenario- we beat the profit target. 2 weeks. Oh, and we give you a 3% raise ( step )
Best case - we beat the target 4 weeks. 3% ( step ) + 3% increase. Other than that you're dreaming people…
We shall see next week.
Best case - we beat the target 4 weeks. 3% ( step ) + 3% increase. Other than that you're dreaming people…
We shall see next week.
Joined: Mar 2010
Posts: 201
Likes: 0
From: Tundra
Joined: Jan 2004
Posts: 227
Likes: 0
From: Stratosphere
In reply to those wanting a pay rise in lieu of profit share...just done some quick sums, and assuming only a slight growth in the additional provident fund accumulations with the additional personal and company contributions, it would need to be about an 8 week profit share (-ish) to be better than a base 3% increment if the profit share was to be more lucrative, assuming the recipient stays a further 15 years..