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Post by cobra8 on Feb 19, 2016 19:57:19 GMT -5
I seen on Blue Oval someone has posted the multiplier for Profit sharing is $3.97. Has anyone else heard this?
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Post by brizzel on Feb 19, 2016 20:40:23 GMT -5
Seems high. Last year was $3.04.
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Post by cobra8 on Feb 19, 2016 21:00:57 GMT -5
This is supposed to be our best year. I think 2 years ago it was $3.91.
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Post by brizzel on Feb 19, 2016 21:38:04 GMT -5
I hope so.
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Post by machination on Feb 21, 2016 21:03:28 GMT -5
I herd da yoonyun lyd 2 us an dat wee waddent getin nuffin dis yeer. I reely wanded dat kash muny dis is sum BULSHET!
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Post by srnktp on Feb 21, 2016 21:23:47 GMT -5
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Post by ibossjekler on Feb 22, 2016 2:18:47 GMT -5
Multiplier should be $4.47. $9300 sharing divided by 2080 hours worked (based on a 40hr week), havent seen one of those since i started, that equals 4.47.
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Post by reedycreekbuc on Feb 22, 2016 2:26:49 GMT -5
Multiplier should be $4.47. $9300 sharing divided by 2080 hours worked (based on a 40hr week), havent seen one of those since i started, that equals 4.47. That is not how the multiplier is determined. |
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Post by ibossjekler on Feb 22, 2016 5:22:18 GMT -5
Multiplier should be $4.47. $9300 sharing divided by 2080 hours worked (based on a 40hr week), havent seen one of those since i started, that equals 4.47. That is not how the multiplier is determined. Then do explain how it is different. And show your work please. |
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w84me
Amateur
Ford has the best union our money can buy
Posts: 134
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Post by w84me on Feb 22, 2016 6:36:34 GMT -5
That is not how the multiplier is determined. Then do explain how it is different. And show your work please. Oh boy! Here we go again. youtu.be/t8XMeocLflc |
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Post by reedycreekbuc on Feb 22, 2016 8:09:29 GMT -5
That is not how the multiplier is determined. Then do explain how it is different. And show your work please. This is just an example! Numbers do not reflect this year's earnings! Number of Participants with > / = 1,850 Compensated Hours = 35,000 Number of Participants with < 1,850 Compensated Hours = 16,000 Avg. Compensated Hours for Participants with < 1,850 Compensated Hours = 1,200 Eligible Profit Share Amount - $6,900 Total Compensated Hours = 105 million Total Profit Sharing Fund = (35,000 * $6,900) + (16,000 * $6,900 * (1,200) / 1,850)) = $313,110,811 Profit Share Per Compensated Hour = $313.1million / 105 million hours = $2.982/ hour Employee A – 2,400 Compensated Hours * $2.982 = $7,157 Employee B – 1,850 Compensated Hours * $2.982 = $5,517 Employee C – 800 Compensated Hours * $2.982 = $2,386 |
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Post by ibossjekler on Feb 22, 2016 16:27:03 GMT -5
Then do explain how it is different. And show your work please. This is just an example! Numbers do not reflect this year's earnings! Number of Participants with > / = 1,850 Compensated Hours = 35,000 Number of Participants with < 1,850 Compensated Hours = 16,000 Avg. Compensated Hours for Participants with < 1,850 Compensated Hours = 1,200 Eligible Profit Share Amount - $6,900 Total Compensated Hours = 105 million Total Profit Sharing Fund = (35,000 * $6,900) + (16,000 * $6,900 * (1,200) / 1,850)) = $313,110,811 Profit Share Per Compensated Hour = $313.1million / 105 million hours = $2.982/ hour Employee A – 2,400 Compensated Hours * $2.982 = $7,157 Employee B – 1,850 Compensated Hours * $2.982 = $5,517 Employee C – 800 Compensated Hours * $2.982 = $2,386 I was certain one of the big parts of this contract was there were no cap on profit sharing, there is no max amount ford would be putting in. So it would not be split this way. |
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Post by reedycreekbuc on Feb 22, 2016 16:41:37 GMT -5
[/quote]I was certain one of the big parts of this contract was there were no cap on profit sharing, there is no max amount ford would be putting in. So it would not be split this way. [/quote]
Just wait until you get the check, then you can tell me I am right or wrong.
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Post by toddstang on Mar 9, 2016 5:39:53 GMT -5
Did anyone get the amount they thought they would get?
Mine went in Autotruck this morning.
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Post by ScottR@KTP on Mar 9, 2016 6:06:55 GMT -5
Not sure what I was expecting...it's never enough, is it? I would like to see the gross amount since I put some in TESPHE, but what was deposited into my account isn't too shabby.
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Post by ScottR@KTP on Mar 9, 2016 6:07:49 GMT -5
And on top of that...today is Wednesday, weekly pay isn't posted yet? Usually is by now?
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Post by Ex-metalman on Mar 9, 2016 6:35:55 GMT -5
4300...I figured around 4700..
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Post by reedycreekbuc on Mar 9, 2016 11:46:43 GMT -5
And on top of that...today is Wednesday, weekly pay isn't posted yet? Usually is by now? Come on Scott! This occurs every time we get a bonus, profit sharing, etc, and every time someone posts the same question. |
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Post by ScottR@KTP on Mar 9, 2016 13:30:21 GMT -5
Word
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Post by ibossjekler on Mar 9, 2016 19:20:31 GMT -5
So did anyone get the $9300 the news was bragging about? I worked alot of overtime and didnt hit it. I'll assume overtime hours are not considered compensated hours.
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Post by JoePieper on Mar 9, 2016 20:30:29 GMT -5
Subtract the 1500.00 we got at contract from that 9300
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Post by indycat on Mar 9, 2016 21:24:50 GMT -5
$10358 total
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Post by det309 on Mar 9, 2016 21:30:57 GMT -5
Didnt miss a day and worked a fair share of ot. No where close to 9300
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Post by reedycreekbuc on Mar 9, 2016 23:06:32 GMT -5
It takes 2333.38 hours for this year or 44.87 hours per week to get the average.
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Post by Ex-metalman on Mar 10, 2016 5:55:58 GMT -5
C crew body .OT every day..8856..Liars!
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Post by brizzel on Mar 10, 2016 7:31:42 GMT -5
So did anyone get the $9300 the news was bragging about? I worked alot of overtime and didnt hit it. I'll assume overtime hours are not considered compensated hours. I was at 9800 before 1500 upfront. B crew frame. |
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Post by ScottR@KTP on Mar 10, 2016 8:48:38 GMT -5
$9700 total here
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Post by ibossjekler on Mar 10, 2016 10:25:45 GMT -5
C crew body .OT every day..8856..Liars! News made it seem like 9300 for a normal full time employee. Needed to work 6 days a week to get the "average"! Thats not $1 for every million, have to live in the plant to get the $1 per million, what a joke! Guess all my overtime hours aren't included, just the normal pay hours, what's the point |
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Post by beenaround on Mar 10, 2016 13:16:02 GMT -5
All OT hours are counted as compensated hours.Gee whiz folks,It's extra money for coming to work like you're supposed to. Why complain too much about free money. Enjoy the free stuff for Gods sake!
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Post by blackbird66 on Mar 10, 2016 13:23:45 GMT -5
All OT hours are counted as compensated hours.Gee whiz folks,It's extra money for coming to work like you're supposed to. Why complain too much about free money. Enjoy the free stuff for Gods sake! Nothing is free |
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