Conference 7.286::digital

I don't quite see why DCU would be involved or why they would need to
"order more money", if such a thing were to happen.

				Steve

    
    HAHA!
    
    Hey! If it helps the rumor, my customer is printing millions of new
    dollar bills, in every denomination, and stamping millions of coins, in
    all denominations *EVERY* DAY!
    
    So we are all going to be well off.
    
    -Mike Z.

    
    I don't suppose this rumor could be in some mangled way connected to
    the bonus dividend that DCU recently posted to members' accounts...
    

    	If we are all getting a bonus then the DCU would need
    	extra cash to cover the checks, that makes sense. And
    	if DEC told the DCU to have extra cash on hand this week
    	to cover the extra pay...

    This probably has to do with the Success Sharing bonus that MCS is
    giving in tomorrow's paycheck.  It's supposed to be .075 of one percent
    of base pay.
    
    Linda

    Is the MCS Success Sharing bonus going to all employee's?
    Or is it just for that group? 
    
    Also, the DCU wouldn't need DEC to tell it to get more money on
    hand for a dividend that the DCU was paying.

    The way I understand it, the bonus is being paid to MCS employees (with
    at least 3 months of being in MCS) to acknowledge meeting Q2 goals.
    
    Linda

          Is that  .075 of one percent ?
    
       or   just  decimal  .075  x  base pay = bonus ?
    
       If it's the former,,,, I don't think the DCU will require any
     extra cash on hand   :^)
    
    8^)
    

so that's it!!!  All this time I justed needed to 'order more money'?

What's the part number!!

-Stephen

    
          17-money-01
    
       all cash is a 17 class part #
    
       90 day lead time.
    
      however, they're going "maintence only" status next week so hurry !!!
    

    Am I missing something?  Since when does the DCU administer Digital
    payroll??

    
       <----  they cash checks.
    
      for those few not on direct deposit.
    

Hey DCU, MCS SuccessShare awards will be in tomorrow's
paychecks.

Many MCS people have direct deposit to DCU.

Many of those people will probably want to stop by DCU
to get the bonus money out in cash.

So, it would be a good idea to have some extra cash on hand
in the branches.

    If MCS is getting a success award, why are MCS people being layed off? 
    Maybe DCU needs to have move cash on hand so that these people may
    withdraw their life savings.

    Guess it has to do with what district you support. 

    The way I heard it ... MCS made a commitment to provide success sharing
    based on meeting specified performance goals (which were met).  The
    layoffs are part of an expenditure reduction based on projected Q3 and 
    Q4 numbers.
    

    All of this doesn't sound likely...  
    
    Most folks direct deposit.
    
    Most folks get their cash from ATM machines (who wants to stand in
    line?).  
    
    Most ATM machines are well stocked (especially with the weekend coming
    up).
    
    Even if somebody got a "large" bonus, I doubt they'll get it all in 
    cash all at once...
    
    				-John

    .4422
    Nope, They didn`t make the project numbers for q1, q2 but were at 103%.
    They didn`t make the projected numbers so henseforth the head count
    reduction.

    
    
    The Success Share payout for .75% (3/4 of 1 percent) is NOT going to 
    break DCU. 
    The example they gave was:
    
    On a salary of 40K,  .0075 X $40,000.00=$300 less normal weekly
    deductions. 
    
    Maybe instead of extra cash, they should just have some extra rolls of
    quarters on hand....

    Re: .20
    
    For the majority of the people in the company who will receive a bonus
    on this formula..
    
    	.0000 * 40,000 = $0  :^(
    
    the $300 doesn't seem so bad after all!  They are also getting .0225
    in August = .0225 * 40,000 = $900.     

    
    I haven't heard anything about August. Do you have any additional
    information?
    

    I believe the August bonus only kicks in if the FY numbers are made.
    
    Bob

    
    so how much does MCS save on its books if it lays off people
    before they can collect their success sharing $s?
    
    bk

    
    
    
    re .24
    
    good question... THAT's how it works.....we lay off everyone who
    isn't tied down, and the survivors get to "Share the Success".....
    then we hire them all back as contractors with a nice pay increase
    and lay them all off again for next FY....
    THIS is what they mean by variable work force and variable
    compensation....
    of course this also leads to variable customer satisfation and
    variable stock prices....... 8-}
    

Cash?  What is cash?

Anybody who carries around more than $200 cash is probably up to illegal 
activites, according to the Federal goverenment.  If you buy an airline 
ticket for cash you are sure to arrouse the Feds.  Most state allow large 
sums a cash to be held by the police until you can prove ownership.


						-Paul

    re: .24
    
    In the U.S., the bonus was paid today.  I believe the layoffs start
    Monday.  So in this case, nothing was saved.
    
    Bob

re: Note 4422.26 by STAR::jacobi.zko.dec.com::JACOBI 
    
>    Most state allow large 
>    sums a cash to be held by the police until you can prove ownership.

Don't tell Eric (EDP) this :-) 

-Bruce


    

>   good question... THAT's how it works.....we lay off everyone who
>    isn't tied down, and the survivors get to "Share the Success".....
>    then we hire them all back as contractors with a nice pay increase
>    and lay them all off again for next FY....
>    THIS is what they mean by variable work force and variable
>    compensation....
>

Cathy, bingo! That is exactly my understanding of how the new American
variable workforce is handled. Everywhere I turn there's another 
article about this "new" workforce. liesl

    It'll be a workforce that doesn't buy homes (and feed all the
    auxilliary industries), doesn't procreate, doesn't vacation, etc.
    
    It'll be quiet and compliant (in many ways it already is) and the line
    managers will be happy. But those who were looking to sell the products
    made with their variable serf_force could be in for a shock. At least
    in the US.

One story has it that in the early 1960s Henry Ford II had a meeting with
Walter Reuther (for the young: a prominent labor leader) and afterwards
walked him around the factory, proudly pointing out the state-of-the-art
machinery.  "Walter", he said, "with these robots, pretty soon we won't
need workers at all, and then where will your union be?"

Reuther replied "How many cars are you going to sell them?"

___Pete