| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 3719.1 | Profitsharing?????? | MSDOA::SCRIVEN | | Mon Feb 27 1995 09:41 | 9 |
| I didn't know Digital had profit sharing.....
I know we have "something"; not sure what it's called, but I don't
think it's profitsharing....
Please share more information...
Thanks....>JPs
|
| 3719.2 | | REGENT::LASKO | C&P Hardcopy Engineering | Mon Feb 27 1995 09:56 | 5 |
| Business unit vice presidents apparently do.
At Larry Cabrinety's (VP/CPBU) Q195 employee meetings, he gave several
measurable sales and profit-based goals, which if met or exceeded,
would result in CPBU employees receiving some amount of profit sharing.
|
| 3719.3 | SuccessSharing? | CSC32::S_WASKEWICZ | | Mon Feb 27 1995 10:05 | 6 |
| MCS announced "SuccessSharing" where each and everyone of us gets a
percentage of base salary if MCS makes the goals.
Saw a brochure of my neighbors, and I asked to see it.
We haven't been told about it "officially", but some groups had a
meeting already.
Sounds good to me!
|
| 3719.4 | | KAOT01::M_MORIN | A dead mean with the most toys is still a dead man. | Mon Feb 27 1995 10:22 | 15 |
| SuccessSharing for MCS has been in place in Canada for 2 quarters. We received
a percentage of our salaries (in our case .5%) for Q1 and another for Q2.
The .5% is if we make budget. If we better it, then we get more. If we don't
make budget then it's less. This is now considered part of our new
compensation plan, i.e. *raises*.
At the end of the year we're supposed to get another % for the whole year
based on the results for the FY.
I guest it's an incentive program for everyone to pull their weight for the
benefit of everyone.
/Mario
MCS Canada
|
| 3719.5 | | IMTDEV::BRUNO | | Mon Feb 27 1995 10:38 | 5 |
|
Success sharing has also recently been announced in the Storage Business
Unit.
Greg
|
| 3719.6 | | MAIL2::CRANE | | Mon Feb 27 1995 11:19 | 2 |
| So therefore goes pay for perfomance raises? That doesn`t surprise me!
Does mgmt share in the same % or is theirs a higher percent?
|
| 3719.7 | | KAOT01::M_MORIN | A dead mean with the most toys is still a dead man. | Mon Feb 27 1995 12:01 | 24 |
| Basically according to the memo, our Compensation Framework looks like this:
Base Pay +
Success Sharing +
Equity Adjustment
Equity Adjustment is defined as follows:
Replaces the traditional salary program and will be applied in
situations where:
- critical skill sets for which external market indicates faster pay
accelaration
- Key contributors
- Individuals low in the salary range relative to others in the peer
group with similar performance
- Promotions reflecting substantially increased responsibilities.
"Such situations normally apply to fewer than half of all employees."
As far as I know managers get the same % as everyone else. Basically if we
ALL pull our weight then we ALL benefit.
/Mario
|
| 3719.8 | | MAIL2::CRANE | | Tue Feb 28 1995 09:14 | 4 |
| Are there any people out there getting stocks to stay with the company
along with any raises?
Thanks.
|
| 3719.9 | | QUARK::LIONEL | Free advice is worth every cent | Tue Feb 28 1995 10:11 | 7 |
| Raises? Only vice presidents and above get those....
As for stock, if you get anything, it's a stock option which allows
you to buy Digital stock at a (supposedly) discounted price over the
next 5 or 10 years. Can be nice if the stock goes up for a while.
Steve
|
| 3719.10 | | YIELD::HARRIS | | Tue Feb 28 1995 10:34 | 6 |
| re: .8, .9
People I know were given both stock grants(not options) and cash as an
incentive to stay during the salary freeze. I was also amazing how
some of these people were the first to get raises once the salary
freeze came off in January.
|
| 3719.11 | | QUARK::LIONEL | Free advice is worth every cent | Tue Feb 28 1995 11:27 | 4 |
| Oh, really? I suppose the rest of us should just have "Sucker"
stamped on our foreheads... Sigh.
Steve
|
| 3719.12 | | YIELD::HARRIS | | Tue Feb 28 1995 15:13 | 8 |
| > Oh, really? I suppose the rest of us should just have "Sucker"
> stamped on our foreheads... Sigh.
I am just telling you what I know to be true.
-Bruce
|
| 3719.13 | MCS on target? | CSC32::S_WASKEWICZ | | Wed Mar 01 1995 12:07 | 2 |
|
Anyone know if we (MCS) are on target for the quarter?
|
| 3719.14 | | KAOFS::B_VANVALKENB | | Wed Mar 01 1995 12:18 | 6 |
| the success share in Canada is determined by district goals and as such
has little to do with how MCS as a whole is doing or for that matter
wether or not we are profitable.
Brian V
|
| 3719.15 | ;^) | PHDVAX::LUSK | Ron Lusk--[org-name of the week here] | Wed Mar 01 1995 12:55 | 6 |
| re .13
> Anyone know if we (MCS) are on target for the quarter?
That's not fair: you MCS folks *were* the target, just a few quarters
ago! Give someone else a chance!
|
| 3719.16 | Speakin' of targets | DPDMAI::EYSTER | Fluoride&Prozac/NoCavities/No prob! | Wed Mar 01 1995 14:08 | 2 |
| My favorite Far Side cartoon. Two deer talking, one has a target on
his belly. The other one says "Bummer of a birthmark, Hal".
|
| 3719.17 | Profit sharing algorithm. New Math? | DELNI::KOPEC | | Fri Aug 25 1995 11:18 | 15 |
| Hi,
I had a question to ask of someone familiar with the algorithm for profit
sharing. (I did receive a memo about it many months ago but it's gone now.)
Since NPB announced a 7% profit sharing number for non-Sales employees, I
was assuming that the formula would be:
Payout before taxes = (Gross annual salary)*(.07)*(fraction of FY employed)
However this produces a number ~75% different than reality.
What's wrong with this picture?
Thx, Stan
|
| 3719.18 | | DELNI::KOPEC | | Fri Aug 25 1995 14:08 | 6 |
| I just got the answer from HR. The algorithm is correct but the
(fraction of FY employed) parameter is not granular enough to handle
months, only quarters. Therefore if you started on January 23 (guess
who?), you don't get 5/12 of the total but rather 1/4.
Stan
|