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Terms and Conditions enhancement announced by STC
:rolleyes::rolleyes:https://encrypted-tbn0.gstatic.com/i...1iiofhs6jLteo3
"Work hard Harry and each day you'll get a shiny penny"! |
Innocent take a deep breath - go to post 28 - read second line again slowly. |
Oh FFS- this is chat forum not a policy contract...subtract 3% then...just passing on info (with a caveat) that guys might be interested in
I mean if you are such a stickler for contractual details, presumably anything over step - you gave back ...after all it's not in your contact. Right? Or better yet - copy and paste my post - and actually take the time to break down the numbers and repost with step or lack thereof. I hold no IP liability against you 🤔👍 |
Agree with Fillion.
Thanks for taking your time to compile it. The last few years have sucked in terms of pay adjustments! |
Fillion, I thank you for the recap and agree with you .
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Pleasure gents
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I mean if you are such a stickler for contractual details Again, words matter. Because they have meaning. And for some strange reason you take my criticism to incite infighting among the minions. While management leans back and laughs at us. Because they sure know the difference between a step increase and a pay raise and a bonus and a profit share. |
Innocent,
You allude to the contract you signed and what was written on it..... When has the company ever abided by your contract. I can't even count that on one hand! An increment is a contractural rise and even you admit one year they didn't pay it. That means they went against the contract. A bit like 42 days of leave. We are lucky now to get 30 of which half is normally now allocated. In the end the rise in money you get from year to year is the same whether you call it an contractural increment or a pay rise. Honestly who gives a *%#+! |
Gents
I can understand your frustration but trust me somewhere else down the road is much worse...same salary since 2008,no increase whatsoever,rumors regarding reduction of allowances started going on.....at least you got a big bonus last year and an increase on the allowances 2 years ago....shall I continue ? Cheers Dixi |
Who cares about somewhere down the road? We are not comparing other (possibly ****tier outfits) to this outfit. Apples and oranges, anyone? We are talking about this one here, and it doesn't bode well...
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I think this year there is more interest in what is really current, exit strategy. Resignation. Find another seat to fly from. Guys were really excited and focused last year and the STC bragging massive profits and record breaking stuff, however this fizzled out by the lack of credible bonus payout, this solely may perhaps go down in history as EKs last blunder to salvage the sinking ship, whereby it was known to be the lowest fuel price ever and high profits. This year people have been displaced, Fly dubai has and accident with loss of lives, so low fuel equations and huge profits are bitter sweet!!
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Originally Posted by OzoneAddict
(Post 9350591)
Guys were really excited and focused last year and the STC bragging massive profits and record breaking stuff, however this fizzled out by the lack of credible bonus payout, this solely may perhaps go down in history as EKs last blunder to salvage the sinking ship, whereby it was known to be the lowest fuel price ever and high profits.
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Wishful thinking .
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Originally Posted by fatbus
(Post 9351056)
Wishful thinking .
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Record profits maybe. But the profit share target also went up significantly. If we don't make the target we get nothing. I'm not quite sure how this is supposed to motivate people- work yourself to death all year, miss the target by 100Dhs and get nothing.
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Originally Posted by Just_landed
(Post 9352495)
sorry, may have been off the topic but its important for those aspirants who are sailing the dreams of EK pilot jobs:
https://donotflyemirates.wordpress.com/ Home - Emirates Illuminati OR Source: Flying tired: airline pilots on tough rosters battle fatigue |
2 weeks is my prediction.
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What EK needs to do is stop making a target and just give the employees a flat % of the profit. It would feel much more transparent, and I think motivate the employees a bit more if they knew they were going to get a check as to this guessing game.
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As has been said before, always expect nothing and everything over that is a bonus
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What don't we expect what we deserve? 10-12 weeks!
Have we been beaten to such a point where we don't even expect what we deserve? We are truly a pathetic bunch. |
I think we have been beaten down . Don't care anymore. Other airlines post massive increase in profit. We will soon find out, but in the mean time just don't care.
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As I mentioned in another thread, that I can't seem to find at the moment, EK savings on fuel alone compared to 2014-15 should be in the region of 10-12 billion AED.
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Same song and dance every year around this time. Who really cares anymore?
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Well VeeOne, I damn well care that they should provide a substantial profit share to the minions, all of us. BUT, I can't get expectations too high knowing how they have tricked :mad: the books to deny us our share, in the past.
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Originally Posted by fliion
(Post 9343982)
To put it in historical perspective - Pay raises/bonus since 2000.
I have combined step or lack thereof in the raise number and called it a pay raise for simplicity I do not have profit share or Edu support allowance numbers from 2000-2007. 2000-2007 numbers were provided by a colleague 05/00 3% 05/01 5% 05/02 6% 05/03 3% 05/04 5% 05/05 11% 05/06 10% 05/07 9% Pay raise/profit share/Edu/housing since May 2008 05/08 12% 14 wks 05/09 0% 0 wks - GF Crisis 05/10 6% 3wks 05/11 (edu fund 32-40/54-60) 8% 12wks 05/12 3% 05/13 (edu fund 40-42/60-63) 3.5% 05/14 (staff travel erosion) 3% 3wks (edu 42-46/63-70) housing up to16075pm for CAPTs 05/15 3% 9wks (edu 46-47.5/70-72.5) OT thresh 88h 2012-13 prof target 3.5bn dhs (achvd 3.1bn) 10/5/13 - Target not achieved - no profit share 13/14 target 4.22bn (1st half 2.2bn) 8/5/14 - 4.1bn achieved - Target not achieved- 3 weeks profit share 2014/15 target 3.7bn (rwy closure) 1st half achieved 2.2bn - 2nd 3.2b for a total of 5.5bn) - 9 weeks profit share 2015/16 target 7.7bn (1st half 3.7 achieved) Make of it what you will - but I believe they will save a pay raise of 5% on top of step for all EK group UAE employees for next year to cover VAT. This years profit should be on target - as to the "very recent positive" package developments email from JAROPS - (repairing ops 😉) The longer they wait the greater the expectation - which is not a good thing for them and I just think the rot is very deep for there to be any change in sentiment unless it's a blockbuster. Not holding my breath. Since we moved to new HQ - the Atrium show has usually taken place on the third Thursday of April at 10am except for 2013 when there was no profit share. 13/14 target 4.22bn (1st half 2.2bn) 8/5/14 - 4.1bn achieved - Target not achieved- 3 weeks profit share The 3 weeks deposited to our bank account was NOT a profit share. It was the first time in EK history they paid a Bonus to us all. We can only get a profit share if we meet (2 weeks) or exceed the Target. These 3 weeks were a gift. Aka Bonus. Probably to show goodwill. Fat lot of good that did ;-) |
Or screwed the books by buying an A380 in cash in the week before the announcement!
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Very good point.
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One interesting little tidbit- I looked back through the profit announcements for the last 10 years (sick on the couch so time to burn). Only two times has the second half profit been larger than the first half. The target this year is 7.7bn and 'only' 3.7bn was achieved in the first half. The second half will have to have been unusually profitable or the target will not be met. Those extra 380s will not have helped that cause. Not long now until all revealed!
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Originally Posted by fringhtok
(Post 9354493)
One interesting little tidbit- I looked back through the profit announcements for the last 10 years (sick on the couch so time to burn). Only two times has the second half profit been larger than the first half. The target this year is 7.7bn and 'only' 3.7bn was achieved in the first half. The second half will have to have been unusually profitable or the target will not be met. Those extra 380s will not have helped that cause. Not long now until all revealed!
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Originally Posted by Divertnow
(Post 9351067)
I did see an interview on the BBC with TC that said ek profits last year are up 40%! Not sure if they meant the last fiscal year just finished or the interview was old. Just caught the tail end. Can anyone shed any light?
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Funny how the math works out;
Profit last year - 5.5 billion If you increase that by 40% as sir Tim says in the press...you get EXACTLY 7.7 billion (the target). So if that's true we will come in 1 dirham short and get nothing or maybe 2 weeks if we are lucky! |
Invitation out .....
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Originally Posted by moneyhoon
(Post 9355580)
Invitation out .....
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Was down route and happened to chat with some Delta pilots about their PS. I know I know it's a whole different thing, but their's was close to 1/3 of their earned pay. Probably Delta's bean counters are not as proficient at hiding and diverting profit. Just for info and "grins". And of course their management is trying to rid themselves of that, in the ongoing negotiations for a new contract.
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Guess he will get his bonus for sure.
Emirates exec turns down Air France-KLM CEO position - Transport - ArabianBusiness.com |
Sorry, but the story smells a lot, wonder what is behind?
Typical troll |
wonder what is behind? |
Sorry, but the story smells a lot, wonder what is behind? Emirates boss 'often travels in economy' |
It is not easy to run an airline in real world and I doubt EK management has any airline management skills left. Owner brings money and management spends and talk tosh to media.
Also, Can he scale fence? |
Originally Posted by Jet II
(Post 9356068)
Doesn't half smell as much as the other story on that page... ;)
Emirates boss 'often travels in economy' |
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