supernova72
Recycles dryer sheets
I might be preaching to the choir here but am wondering for those still working if you've experienced the same situation. Most folks at this Megacorp don't count on the employee incentive plan (EIP) payout each year but this year it had record earnings, record backlog, tons of cash, etc. etc.
Our incentive is based on the financial health of the company and our business unit (10 days max each). That's why it's confusing in regards to the result.
We've now been told that the targets were "adjusted" for this years pmt. Adjusted UP would be my guess. We don't know that those official targets are.
2014 Earnings Soar! Hear Boeing Co. Roar!
This is for white collar non mgmt. folks. Managers have a new incentive bonus plan this year which is more favorable (wonder if BA squeezed the balloon?).
1st level mgmt. can get 10%, 2nd level 15%, 3rd level 18%. The non-mgmt worked out to 5% (IT folks, engineers, facilities, office staff in general).
Execs have an entirely different comp plan.
Last year (2013 performance) it was strong and they received 17 days pay out of a possible 20 days max.
For 2014 the financial performance was 20% greater and the employees received 12.5 days pay out of 20 (hmm12.5 days vs. 17--what's up??).
Boeing bonuses disappoint white-collar staff | The Seattle Times
It's hard to make the math work out.
Maybe this is just a sign of the times. I've posted before that the pension will be frozen at year end as well.
Thanks for reading.
Our incentive is based on the financial health of the company and our business unit (10 days max each). That's why it's confusing in regards to the result.
We've now been told that the targets were "adjusted" for this years pmt. Adjusted UP would be my guess. We don't know that those official targets are.
2014 Earnings Soar! Hear Boeing Co. Roar!
This is for white collar non mgmt. folks. Managers have a new incentive bonus plan this year which is more favorable (wonder if BA squeezed the balloon?).
1st level mgmt. can get 10%, 2nd level 15%, 3rd level 18%. The non-mgmt worked out to 5% (IT folks, engineers, facilities, office staff in general).
Execs have an entirely different comp plan.
Last year (2013 performance) it was strong and they received 17 days pay out of a possible 20 days max.
For 2014 the financial performance was 20% greater and the employees received 12.5 days pay out of 20 (hmm12.5 days vs. 17--what's up??).
Boeing bonuses disappoint white-collar staff | The Seattle Times
It's hard to make the math work out.
Maybe this is just a sign of the times. I've posted before that the pension will be frozen at year end as well.
Thanks for reading.
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