EK Pay Review
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LAKER
That could well be true, another could be purely financial. Even backdated, with almost 4000 pilots taking an average salary of 40,000 per month, one months delay is quite a saving for an Indian accountant. I'm not being racist, I'm dealing with cultural facts and experience. Why do we have so many? Because they're bloody good at their job, that's why. Let's assume a measly rise of 3% on that figure by 1200, now x 4000 = 4,800,000 million dhs. Cabin crew were also delayed last year. 20,000 crew, add in rise of 150dhs (if they're lucky) a month, that's another 3,000,000. Now the engineers and you can easily have 10,000,000dhs. Ground staff........and so on. An organisation like Emirates could easily achieve a 5% return on investment. Keeping that saving in it's own vaults for even a month will earn it a conservative 500,000dhs in interest alone. That covers a new F/O in salary and perks for a year.
Remember, this is the Company where you have to pay the cashier before you order your food in training college. We can be trusted with a billion dollars worth of life and material but not for 19dhs worth of rubber chicken in curry sauce. Nice subtle message to the brand new red shirts on day one eh! I Actually find that insulting. So, would I put it past them that the constant search for every dirham of profit at the expense of welfare and morale is a possible reason for the delay?
I'll let those of you employed by this Company be the judge of that.
Harry
That could well be true, another could be purely financial. Even backdated, with almost 4000 pilots taking an average salary of 40,000 per month, one months delay is quite a saving for an Indian accountant. I'm not being racist, I'm dealing with cultural facts and experience. Why do we have so many? Because they're bloody good at their job, that's why. Let's assume a measly rise of 3% on that figure by 1200, now x 4000 = 4,800,000 million dhs. Cabin crew were also delayed last year. 20,000 crew, add in rise of 150dhs (if they're lucky) a month, that's another 3,000,000. Now the engineers and you can easily have 10,000,000dhs. Ground staff........and so on. An organisation like Emirates could easily achieve a 5% return on investment. Keeping that saving in it's own vaults for even a month will earn it a conservative 500,000dhs in interest alone. That covers a new F/O in salary and perks for a year.
Remember, this is the Company where you have to pay the cashier before you order your food in training college. We can be trusted with a billion dollars worth of life and material but not for 19dhs worth of rubber chicken in curry sauce. Nice subtle message to the brand new red shirts on day one eh! I Actually find that insulting. So, would I put it past them that the constant search for every dirham of profit at the expense of welfare and morale is a possible reason for the delay?
I'll let those of you employed by this Company be the judge of that.
Harry
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Cashflow Management
I agree with most of the opinions about why this Pay review has not been announced so far.
But there might also be a problem of Cashflow Management.
With the May salary, all EK employees will receive the "Bonus 2014".
This takes a lot of cash wich has to be paid out within one day. Even for EK, May is the most expansive month considering salaries every year. Unless there is no Bonus.
To reduce this Cash Amount AS is not allowed inform about the Pay Review for Pilots until the May salary is paid. AS will do it after the 25th and it will be back paid for the month of May in the month of June.
Just my 5 cent worth of an opinion.
SP
But there might also be a problem of Cashflow Management.
With the May salary, all EK employees will receive the "Bonus 2014".
This takes a lot of cash wich has to be paid out within one day. Even for EK, May is the most expansive month considering salaries every year. Unless there is no Bonus.
To reduce this Cash Amount AS is not allowed inform about the Pay Review for Pilots until the May salary is paid. AS will do it after the 25th and it will be back paid for the month of May in the month of June.
Just my 5 cent worth of an opinion.
SP
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If cabin crew did indeed get a generous 150 dirham pay raise last year, any discontent arising therefrom could easily be calmed by pointing out to them that this massive sum is more than half the size of the pay raise which was awarded to 20-year captains....
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Ah yes, the Captains on 60,000 dhs per month... basic. Those numbers will illicit even less sympathy from the vast majority of EK employees
The 150 I quoted was purely a guess for this year. I think they got very little last year, literally 30-40 dhs increase. Maybe someone better informed with the actual figures could enlighten us.
lospilotos
I don't think they're doing it out of the kindness of their hearts for conserving food temperature, otherwise why incorporate the same policy for the basement canteen in A building. It's hardly ever busy there.
Harry
The 150 I quoted was purely a guess for this year. I think they got very little last year, literally 30-40 dhs increase. Maybe someone better informed with the actual figures could enlighten us.
lospilotos
I don't think they're doing it out of the kindness of their hearts for conserving food temperature, otherwise why incorporate the same policy for the basement canteen in A building. It's hardly ever busy there.
Harry
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Harry post #91, that's the Harry we thought might've been snatched and replaced with Harry the Realist. But you're back!
I nearly fell off my barstool when I read that. Seriously? Harry, we all know it's because they're bloody cheap not bloody good, same as every industry in this place.
As for the salary delay for interest, yes absolutely. Staff travel do it on a different scale with tickets. If you buy a ticket on the 1st of the month, then cancel it 5min later, you're out of luck. The ticket is deducted from your salary 3 weeks later and you have to claim it back in the next salary a month after that. They get the interest and you might forget to claim it.
It'd be interesting to know the percentage of profits this airline makes from their own staff. Speaking of which, any wine crates left? They look nice, well worth 1100 chips back into bottomless company coffers. They need the money.
Why do we have so many? Because they're bloody good at their job, that's why
As for the salary delay for interest, yes absolutely. Staff travel do it on a different scale with tickets. If you buy a ticket on the 1st of the month, then cancel it 5min later, you're out of luck. The ticket is deducted from your salary 3 weeks later and you have to claim it back in the next salary a month after that. They get the interest and you might forget to claim it.
It'd be interesting to know the percentage of profits this airline makes from their own staff. Speaking of which, any wine crates left? They look nice, well worth 1100 chips back into bottomless company coffers. They need the money.
And a medical claim can take months for reimbursement...although you will get it eventually.
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JAARule
That was my point, they're good for the Company at accounting for every single dirham. It's taken me over 6 months before to get a rebate for a missed allowance yet have had deductions actioned the same month. Same department but obviously different 'policy' applies to refunds and charges. The damage these people do to the morale by creating such a tight fisted environment is hugely detrimental to the workforce.
Harry
That was my point, they're good for the Company at accounting for every single dirham. It's taken me over 6 months before to get a rebate for a missed allowance yet have had deductions actioned the same month. Same department but obviously different 'policy' applies to refunds and charges. The damage these people do to the morale by creating such a tight fisted environment is hugely detrimental to the workforce.
Harry
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What to say.......
it is really sad to see that they don't even respect anymore basic rules.....
It is written that the pay review has to be before may salary......
It is written in our contracts that we have 42 days of leave per year.......
They totally don't care anymore and they show it with absolutely no shame.....
I know that we need a lot of pilots but i would never suggest my friends to join this company.........
really sad......... and frustrating........
it is really sad to see that they don't even respect anymore basic rules.....
It is written that the pay review has to be before may salary......
It is written in our contracts that we have 42 days of leave per year.......
They totally don't care anymore and they show it with absolutely no shame.....
I know that we need a lot of pilots but i would never suggest my friends to join this company.........
really sad......... and frustrating........