Profit sharing

Kwalee and the power of profit sharing

Share this article Hyper-laid back developer and publisher Kwalee has been giving away £ 1million in bonuses through his profit-sharing program since October 2018. Distributed among the 73 members of the studio team, some staff members have seen their annual salaries double. According to Kwalee CEO David Darling, the profit-sharing program has helped improve the […]

Profit sharing

St. Paul’s Securian Financial Employees Receive 7% Profit Sharing Bonus After Strong 2019

Securian Financial employees will share more than $15.1 million in profit sharing after a strong 2019 in which the company saw a 35% increase in net profit. For eligible employees among Securian’s 2,900 associates, the prize will be approximately 7% of their salary. This represents an increase of 6.5% compared to fiscal year 2018. The […]

Profit sharing

Delta Air’s future profit sharing not guaranteed, says union leader

Delta Airlines celebrates what he calls record $ 1.6 billion in profit-sharing payout to around 90,000 employees, but the president of a union that wants to represent Delta flight attendants has said profit-sharing may be modified or deleted unless it is guaranteed by an employment contract. “Having a union is the only way to keep […]

Profit sharing

Delta’s profit-sharing payout hits record $ 1.6 billion, including $ 130 million in Minnesota

Delta Air Lines distributed $ 1.6 billion in profit incentives to its 90,000 employees on Friday, a record for an American company and $ 130 million for workers in Minnesota. Distribution has become a Valentine’s Day ritual for Delta in recent years, representing an increase in income that, except in the financial sector, is rare […]

Profit sharing

Delta Air Lines Employees Benefit From Incentive, But Not All Benefit

And there is the question of whether employees would be better off with a higher base salary than waiting for an unpredictable bonus that may or may not happen in any given year. “Profit sharing is really a double-edged sword, and it receives different criticisms depending on your position,” said Donald Maliniak, an airline labor […]

Profit sharing

FCA workers to receive profit sharing of $ 7,280

Workers at Fiat Chrysler Automobiles will receive $ 7,280 in profit-sharing checks this year, an increase from the previous year. The company announced the payments to approximately 44,000 FCA workers represented by the UAW on Thursday, the same day it reported its 2019 profits. The payments are expected to be released on March 13. Profit-sharing […]

Profit sharing

Fiat Chrysler to Pay $ 7,280 in Profit Sharing to UAW Members

Fiat Chrysler Automobiles NV’s profit-sharing checks of up to $ 7,280 to approximately 44,000 hourly eligible United Auto Workers members are even more than its No. 2 rival in crosstown. The Italian-American automaker, which made $ 3 billion last year, announced a profit share on Thursday as part of its 2019 earnings report. Its North […]

Profit sharing

FCA UAW Represented Employees To Receive Profit Sharing Payments For 2019

AUBURN HILLS, Michigan., February 6, 2020 / PRNewswire / – Payment recognizes employee hourly contributions to the Company Total US investment is over $ 14 billion since 2009, with nearly 30,000 jobs created to date Based on the Company’s financial performance in 2019, FCA US LLC today announced that the amount of eligible profit sharing […]

Profit sharing

GM, Ford workers receive profit-sharing checks

Hourly General Motors employees will receive profit-sharing checks of up to $ 8,000. Hourly UAW workers at two of the three Detroit-area automakers now know what kind of profit-sharing checks they’ll receive since General Motors Co. and Ford Motor Co. announced their annual results. GM will pay its approximately 44,000 eligible hourly United Auto Workers […]

Profit sharing

UAW workers to receive $ 8,000

About 47,000 U.S. hourly workers at General Motors will receive an $ 8,000 profit-sharing check as the automaker reported a significant blow to its annual and quarterly profits from the 40-day nationwide strike at the end of the year last. The pre-tax payment GM announced Wednesday for its UAW-represented workforce is down from $ 10,750 […]

Profit sharing

UAW workers to receive $ 6,600

Ford said Tuesday that its U.S. factory workers would receive $ 6,600 in profit-sharing checks, down $ 1,000 from a year earlier, reflecting the company’s declining profits in 2019. A year ago, Ford employee profit sharing averaged $ 7,600, up from $ 7,500 in 2017. This year’s checks reflect a 13% drop. Not all 56,000 […]