EK "5 Weeks ANNUAL Bonus Award" to become permanent part of the package?
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EK "5 Weeks ANNUAL Bonus Award" to become permanent part of the package?
Chock this up as "wishful thinking interpretation" but the way they worded the pay review it seems like the 5 weeks bonus will be permanent for pilots. I apply the following logic to this conclusion:
Under the following changes will apply to your package" line item 5. is an "Annual Bonus Award of 5 Weeks" to be paid "Annually" in the May Pay Packet. As a native english speaker (ELP6!) I understand an "Annual" "Bonus" should be paid "Every Year" beginning this year, right?
Also as this falls under the heading of "Changes Applied to the Pay Package", and it is NOT listed as "Profit Sharing" but instead as an "Annual Bonus Award", it seems to be a permanent new addition to the pay package... perhaps this was actually a big raise?
Yes I know "haha" but that IS the way it is written down, and I am sure they will make good on their written word every year from now on.
Something to ponder, that I thought deserved its own thread for discussion.
Under the following changes will apply to your package" line item 5. is an "Annual Bonus Award of 5 Weeks" to be paid "Annually" in the May Pay Packet. As a native english speaker (ELP6!) I understand an "Annual" "Bonus" should be paid "Every Year" beginning this year, right?
Also as this falls under the heading of "Changes Applied to the Pay Package", and it is NOT listed as "Profit Sharing" but instead as an "Annual Bonus Award", it seems to be a permanent new addition to the pay package... perhaps this was actually a big raise?
Yes I know "haha" but that IS the way it is written down, and I am sure they will make good on their written word every year from now on.
Something to ponder, that I thought deserved its own thread for discussion.
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Chock this up as "wishful thinking interpretation" but the way they worded the pay review it seems like the 5 weeks bonus will be permanent for pilots. I apply the following logic to this conclusion:
Under the following changes will apply to your package" line item 5. is an "Annual Bonus Award of 5 Weeks" to be paid "Annually" in the May Pay Packet. As a native english speaker (ELP6!) I understand an "Annual" "Bonus" should be paid "Every Year" beginning this year, right?
Also as this falls under the heading of "Changes Applied to the Pay Package", and it is NOT listed as "Profit Sharing" but instead as an "Annual Bonus Award", it seems to be a permanent new addition to the pay package... perhaps this was actually a big raise?
Yes I know "haha" but that IS the way it is written down, and I am sure they will make good on their written word every year from now on.
Something to ponder, that I thought deserved its own thread for discussion.
Under the following changes will apply to your package" line item 5. is an "Annual Bonus Award of 5 Weeks" to be paid "Annually" in the May Pay Packet. As a native english speaker (ELP6!) I understand an "Annual" "Bonus" should be paid "Every Year" beginning this year, right?
Also as this falls under the heading of "Changes Applied to the Pay Package", and it is NOT listed as "Profit Sharing" but instead as an "Annual Bonus Award", it seems to be a permanent new addition to the pay package... perhaps this was actually a big raise?
Yes I know "haha" but that IS the way it is written down, and I am sure they will make good on their written word every year from now on.
Something to ponder, that I thought deserved its own thread for discussion.
Quite a good contract adjustment!
MS
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In other Gulf Countries I have worked my salary has always been based on the Hijiri Calendar, and I was paid accordingly.This generally worked out to an extra pay cheque per annum. I see this contractual adjustment as aligning us with our regional neighbours, and have managed my expectations accordingly.
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I just had another look at the pay review and this is how I read it too. 5 weeks as part of our package now. Of course we all know this cannot be true.
I wonder if a clarification email has been sent to HA yet?
I wonder if a clarification email has been sent to HA yet?
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PROFIT SHARE and ANNUAL BONUS
Chock this up as "wishful thinking interpretation" but the way they worded the pay review it seems like the 5 weeks bonus will be permanent for pilots. I apply the following logic to this conclusion:
Under the following changes will apply to your package" line item 5. is an "Annual Bonus Award of 5 Weeks" to be paid "Annually" in the May Pay Packet. As a native english speaker (ELP6!) I understand an "Annual" "Bonus" should be paid "Every Year" beginning this year, right?
Also as this falls under the heading of "Changes Applied to the Pay Package", and it is NOT listed as "Profit Sharing" but instead as an "Annual Bonus Award", it seems to be a permanent new addition to the pay package... perhaps this was actually a big raise?
Yes I know "haha" but that IS the way it is written down, and I am sure they will make good on their written word every year from now on.
Something to ponder, that I thought deserved its own thread for discussion.
Under the following changes will apply to your package" line item 5. is an "Annual Bonus Award of 5 Weeks" to be paid "Annually" in the May Pay Packet. As a native english speaker (ELP6!) I understand an "Annual" "Bonus" should be paid "Every Year" beginning this year, right?
Also as this falls under the heading of "Changes Applied to the Pay Package", and it is NOT listed as "Profit Sharing" but instead as an "Annual Bonus Award", it seems to be a permanent new addition to the pay package... perhaps this was actually a big raise?
Yes I know "haha" but that IS the way it is written down, and I am sure they will make good on their written word every year from now on.
Something to ponder, that I thought deserved its own thread for discussion.
my understanding is different!!!
In HH letter is written ….. "profit share of five weeks" …….. PROFIT SHARE
In fleet letter is written …."annual bonus award 5 weeks" ….. ANNUAL BONUS as change to our remuneration package
So two things ….. PROFIT SHARE and ANNUAL BONUS ….
So we should expect 10 weeks in May salary.
I like it ….
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While the way it is written seems like it is for sure a new element of your pay scheme (which is why I brought it up in the first place), Although that is the natural conclusion to this logic, we should be getting 10 weeks extra in the May pay packet, I agree that it is a bit TOO coincidental. This whole thing smacks of the subterfuge a few years ago when we got our last "pay rise" of 1/2%. They combined the pittance of an increase with the step and with a few weasel-words made it sound like a "pay rise of 3.5%". Remember how we were all scratching our heads for days trying to decipher the mumbo-jumbo? They wanted us to believe it was step-plus-3.5% when in reality it was "step-plus 1/2%" I think it's a kind of management (bad) habit of trying to make a "nothing" sound like "something". I guess we will know when the contract adjustment letter is delivered.
That's why I started this thread with the "wishful thinking" disclaimer.
That's why I started this thread with the "wishful thinking" disclaimer.
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Take the 5 weeks, because you know you won’t see the likes of a 12 week bonus again!
Although, those of us who have been around know it’s a typo and NOT part of the package.
Keep rowing.
CC
Annual bonus
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5 weeks annual bonus award
Firstly, we don’t receive a bonus. We have never received a bonus. Why use that word at all? Isn’t a bonus awarded on merit? Perhaps I misunderstand the meaning. Should I be correct, since certain members of high management consider all employees as ‘servants’, they’re more in the business of ‘milking us dry’ and discarding us than considering any kind of reward for our service. Such is typical of arrogant, bitter, narcissistic, greedy losers who live in a prehistoric age
Whilst that particular breed of person is in authority we can’t expect to see any significant improvement in any respect. The profit share is a one-off payment for the applicable year based on the company’s target and profit. As there was no target this year I’m not sure how it was calculated, but I’m sure someone will explain. Therefore, despite any hopes that may arise due to the poor grammatical terms in the announcement, the hugely magnificent and generous five weeks awarded is not a bonus and doesn’t set a precedent in any way for future payouts. What we need to be really excited about is the 3% step. Woopidoo! Now you’re talking. ...of course, that’s only for this year, so keep calm.
Whilst that particular breed of person is in authority we can’t expect to see any significant improvement in any respect. The profit share is a one-off payment for the applicable year based on the company’s target and profit. As there was no target this year I’m not sure how it was calculated, but I’m sure someone will explain. Therefore, despite any hopes that may arise due to the poor grammatical terms in the announcement, the hugely magnificent and generous five weeks awarded is not a bonus and doesn’t set a precedent in any way for future payouts. What we need to be really excited about is the 3% step. Woopidoo! Now you’re talking. ...of course, that’s only for this year, so keep calm.
