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-   -   Ek Profit share forecasts (https://www.pprune.org/middle-east/444496-ek-profit-share-forecasts.html)

McGreaser 5th Apr 2011 17:50

The biggest mistake guys make is to believe Profit share is a given when the company makes money. Not in this neck of the woods. They do what they want with their profits. On that note is there anywhere it's written in the updated Employee Hand Book ? (even if it's written, doesn't mean it will be honoured, it looks nice am sure for recruitment purposes) If they don't "spread the love" with a few crumbs from the profits, the rules of the game don't change.......back to work. And they ain't nothing we can do about it. And the "we will resign" boat sailed ages ago and only a few was on it.

Sorry chaps to be negative but that's how the cookie crumbles.

puff m'call 5th Apr 2011 18:15

Well done McGreaser i could not have put it better myself!!!
This whole thread is a waste of time, anyone who has been here long enough will realise by now that you will only get what they want to give you, and that will be as little as possible.

Ask yourself why? because it's the culture of the people you work for.:ugh:

Get as much out of you for as little in return. You might say that's the culture of most companies these days, yes they might want their "pound of flesh" but they still pay for it.

So the fact of the matter is, we will get what we get and that is it, so don't go out and buy that new car just yet. Wait and see because you just don't know, no body who matters does, not yet.

So I heard anyway...........................:rolleyes:

Wizofoz 6th Apr 2011 02:39


The biggest mistake guys make is to believe Profit share is a given when the company makes money. Not in this neck of the woods.
Which year did they make target and not give out a bonus?


On that note is there anywhere it's written in the updated Employee Hand Book ?
It's on the portal.


(even if it's written, doesn't mean it will be honoured, it looks nice am sure for recruitment purposes)
Again, based on what year that they made target and didn't give out a bonus?

Sorry to sound like a sycophant, but this is just not based on reality. When tthey have announced a profit in excess of their target, they have given a bonus in accordence with the policy.

If you don't agree with that, state the year it didn't happen (And don't say 2009 as we DIDN'T meet target or 2010 as they didn't POST a target!).

Might the announced profit be manipulated?

I guess so, though I'd be interested in anyone able to actually produce evidence of it.

Michigan777flyer 6th Apr 2011 03:32

Evidence?
 
WOW........does anyone need any evidence here:sad::ugh:........it does not matter there is evidence or NOT.........the MAIN POINT is.............

NEVER BELIEVE ANYTHING in this place................NEVER.........:rolleyes:

NOT when they announce it......NOT when they publish it......NOT when it gets deposited into you bank account................ONLY BELIEVE IT when you are walking away from the bank with CASH IN HAND!!!!:E

Michigan777flyer 6th Apr 2011 03:34

NOTHING
 
Btw.......

0 bonus/profit share.........
0 pay increase.......
:}
:d

Sonny Hammond 6th Apr 2011 05:11

Boring....12.5 weeks.

a345xxx 6th Apr 2011 05:18

Just to be a pr%^k....

How many of us actually came from a company that gave out bonuses and perks like EK? And if so why did we leave?

Still putting my money on lucky 23! :)

Oblaaspop 6th Apr 2011 06:32

Hmmmm, 400 weeks and a 2 million% pay increase.... Who gives a stuff, we'll find out in a few weeks!!!

There are only 3 people in this company who ACTUALLY know what it's going to be, and (I'm pretty certain of this) none of them post on Pprune, so stop losing sleep over it chaps!:ugh:

skytrax 6th Apr 2011 06:53

one of those 3 ppl is a good friend of mine. we have coffee together every week, therefore I know.
Its gonna be.........pls see my previous post on this thread.

BTW when is the official anouncement going to be made?

Schibulsky 6th Apr 2011 07:35


BTW when is the official anouncement going to be made?
Why don't you ask your "good friend"? :p
Anyway...hope he pays the coffee...:}

skytrax 6th Apr 2011 08:21

@Schibulsky

You are 51. By now, you should know:
1. rich people never have change to pay for the coffee. :ugh:
2. rich people dont have friends, only associates.

so... I guess that friend of mine must be "an imaginary friend".
so....a friend on my "imaginary friend" says 8 weeks.:D

once again, when is that announced? :p

ibelieveicanfly 6th Apr 2011 10:11

if the profit share is disappointing,there will be a lot of press 2 the weeks after that.

Chewthecrude 6th Apr 2011 14:07

Historically speaking!
 
The last thursday of April is usually the day the meeting was at the Crown Plaza (along with free canapes & 7up) and the payment is in the may pay packet.

But that's only historically speaking.

& the pay review?

Chewthecrude 6th Apr 2011 14:08

on yes!
 
Just seen AS's letter of last year was dated 6th May

critical winge 7th Apr 2011 06:59

Considering the Middle Eastern countries are uprising due to governments sucking all the cash out of the people, what's different here than anywhere else? (infact isn't it called taxes elsewhere?) I agree that the profit share is a payment for previous loss in wages, so which ever way you look at it you are never going to be up! Maybe all expats should also ask for the UAE local pilots living allowance of about 7000 AED a month (because it is expensive to live in Dubai is the reason they get it I was told). So 7k x 12 = 84k they have already made as a pre-profit bonus on-top of the standard salary.

Guys, read the papers, EK have been slow to realize that it's not delivery or aircraft supply issues that will hamper the companies growth, we all know its the pilot numbers that will slow growth if the financial reward does not catch up. As a previous poster stated, press 2 if you are not impressed with the back pay that will come in Mays pay packet. In any company, the MOST important asset is the workforce. Its your choice, be happy with what you get but always remember, if ever you feel like you have a sick feeling in your gut, just press 2 as we don't want anyone flying who is not 100% fit and comitted for duty.

Emirates Airline 8th Apr 2011 09:44

I say between 4-5 weeks max, however, everytime an engineer shows up in flight deck, he starts saying someting like 12-15 weeks ! :D

Laker 9th Apr 2011 07:09

16 weeks + 6% :ok:

Check 'Six' 9th Apr 2011 07:13

I agree with you Laker.:ok:

Although ideally speaking, 25 weeks and 25% would be more appropriate.

Good Luck to all of us.

Check Six

pipit 9th Apr 2011 15:22

Bonus
 
Just heard bonus announcement has been delayed until may!
Anyone heard about that?

Michigan777flyer 9th Apr 2011 16:54

Where did you hear that from? Just wondering......


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