Re: This Site What till August ...On July 31st, management gets credited for the fiscal year's worth of profit-sharing. I am sure there are level 2 and 3 management just counting the days on the calendar till July 31st so they can quit the next day and still earn their profit sharing. Just an fyi...you could work all year Aug 1- July 30th ...quit July 30th and not get credited for that years worth...and that is your RETIREMENT PLAN (ya, they care!) I personally saw the company screw someone in this manner. Don't make that mistake! And before you erac-heads say "at least they HAVE profit-sharing".....the profit sharing only takes place of ERAC failing to contribute a nickel to any employees 401 retirement plan. It would be real hard for a 6 billion dollar company to get away with not paying their employees SOME kind of retirement. See, Andy is no dope. He knows 50 % of his employees are leaving in the first year or two, so he doesnt want to spend ANY money for employees retirement until he HAS to.... and guess what???? you are not minimally vested in your profit sharing for 3 years....7 years to be fully vested!!!! so they pay NOTHING towards your retirement for 3 years , and a fraction there after until 7 years! (when 75% of employees have quit) How many employees stay past 7 years??????? Ya, they care. ...and like I said before, if you leave before July 31st...you get ZERO company-backed retirement for that ENTIRE year. They got ot all figured out! I can just hear the dot matrix printers rattling away now with all the management "opportunities" after July 31st....HERE WE GROW AGAIN!!!! |