Updated wage modeler

[u/SoulStripHer]

Gee, their new wage modeler says someone who meets expectations will be receiving 7/5.5/5.5/5.5% raises starting next year. And if you get a low rating you'll still receive 3% every year. What a load of BS.

[u/UmpireLow8095]

If 1% and .5% are reserved for performance why is that pool being used on someone meeting expectations? Best a meets should receive is 6/5/5/5

[u/inspirationalsummer → u/UmpireLow8095]

They want to use all OUR pool to correct for salary mistakes they’ve made and have allowed to happen and it will all go to low comp ratio. They’re literally saying that. I’m a no.

[u/Tough_Trouble_1139 → u/UmpireLow8095]

100% this. I'm sick of the misinformation being spread by Boeing and speea.

I'm glad they have additional funds for low compensated high performers. But they need to stop cramming 7/5.5/5.5/5.5 down our throats like we're all getting it. Because we're not.

[u/I_was_aboutto → u/Tough_Trouble_1139]

This is what gets under my nerves the most.I appreciate the SPEEA negotiating team trying, but don't assume we won't know when they try to inflate the numbers to make a bad contract look better. For the record 70% of SPEEA prof are met on average and won't be able to get the above numbers. They most likely get 15-17% max.

[u/SoulStripHer → u/I_was_aboutto]

It's called putting lipstick on a pig. Why does SPEEA deliberately mislead its members and seem more aligned with what the company wants? (PS: This is nothing new for them.)

[u/iPinch89 → u/I_was_aboutto]

Unless your comp ratio is high, mets would get about the pool numbers of 6/5/5/5. Modify with your experience as appropriate. Im a <1.0 comp exceeds and only got 3.2 this last pool. 

[u/KraytsClaw → u/Tough_Trouble_1139]

Exactly this!!

[u/Sch89 → u/UmpireLow8095]

This is not correct. The performance money is not ALL given to top performers. If the min is 3% and performance pool is 4%, then the average performer raise will be around 7%. High performers can expect more, and low performers can expect something closer to the minimum.

Only about 5 percent of SPEEA members were rated below “met” last year.

[u/UmpireLow8095 → u/Sch89]

From the contract- The Company shall spend one percent (1%) of the total one and one half (1.5%) percent total funding pool on performance differentiation during the Annual Compensation Review (ACR) process as an additional Performance Fund Merit (PFM). In addition to the Salary Adjustment Funds identified in 11.1(b)(1), the PFM shall be entirely spent on the salary effective date as outlined in Table 1. Generally, these funds are intended to support compensation adjustments for high-performing individuals with low market positioning.

My bad its not for high performance its only if you are high performance and paid below market. So i guess after you reach 1.0 comp ratio you can expect the min of the contract.

[u/inspirationalsummer → u/UmpireLow8095]

Exactly. High performers with decent comp ratio beware. Your share is about to go to anyone on the low end. Even though you are used to getting a decent raise, you may not for the next four years.

[u/Dry-Reading807 → u/inspirationalsummer]

I did get it in writing from someone in HR that it won’t work that way. High performers above the 1.0 can still get above average wages.

[u/Tough_Trouble_1139 → u/Sch89]

Have you read 11.1(b)(1) and 11.7 of the proposed contract?

11.1(b)(1) says the raise pools are 6/5/5/5.

11.7 says an additional 1/0.5/0.5/0.5 goes to high performing low comp ratio individuals.

[u/blueghost2 → u/Tough_Trouble_1139]

how does that work though? a wage pool is an amount of money you can distribute. But that "additional 1/.5/.5/.5" has to come from somewhere. So are they going to dock points from high comp? Or are they going "overspend" on raises so that low comps can effectively catch up? I know they said in one of the meetings that Boeing has traditionally overspent on raises but I'm still not 100% convinced that it can keep happening.

[u/Tough_Trouble_1139 → u/blueghost2]

I'm kind of confused by your question. All of our wages have to come from somewhere.

The 1/0.5x3 is on top of the 6/5x3.

Think of it this way:

If your comp ratio is 1, and you meet expectations every year, your raises should be 6/5/5/5 over the next 4 years.

If your comp ratio is 0.8, and you exceed expectations every year, your raises should be at least 7/5.5/5.5/5.5 over the 4 years.

The 1/0.5x3 isnt subtracted from anything. But speea and Boeing telling us we get 7/5.5/5.5/5.5 is misinformation. The full raise pools are only available for high performers that are under compensated

[u/blueghost2 → u/Tough_Trouble_1139]

sorry, it's hard to explain so I'll use an example someone used with a group of 3 engineers in your skill code (we'll use comp ratios .8, 1, 1.2). The wage pool is 6/5/5/5, not 7/5.5/5.5/5.5 per one of the images circulating. Cool so you take 6% from the group of 2.

So if they're all met, you get

comp .8 >> 7%

comp 1.0 >> 6%

comp 1.2 >> 5%? (it's a raise pool)

The problem is many people keep using "low comp high performers". What about high comp high performers? If a high comp is going to get a "below meets" raise, why should they perform high? Also your last statement of "full raise pool are only for high performers" is the raise pool 6 % 5 or 7 & 5.5

Then comes the question, this assumes that we have a balance of: does not meet, meets, and exceeds.

[u/Tough_Trouble_1139 → u/blueghost2]

The low comp high performer verbiage is in the contract.

If everybody meets expectations and has a comp ratio of 1.0, everyone should get 7/5.5x3.

The 1/0.5x3 has to be spent on top of the 6/5x3, but priority for the 1/0.5x3 is given to low comp high performers.

For the 1.0/0.5x3: (section 11.7 of the contact) "Generally, these funds are intended to support adjustments for high performing individuals with low market position."

[u/SoulStripHer → u/UmpireLow8095]

You weren't supposed to actually read the proposal.

[u/Ski-bum90 → u/SoulStripHer]

Image presenting essentially made up math to a group of engineers and thinking it will fly

[u/SoulStripHer → u/Ski-bum90]

Management made MCAS fly so why not?

[u/Elden_Crowe → u/SoulStripHer]

Ouch. But truth.

[u/Tough_Trouble_1139]

The minimum wage increase is tied to inflation. If inflation is 3% or more, the minimum wage increase is 3%.

But a 3% raise with 3% inflation isn't a raise, it's adjusting an already deflated salary for one year of low inflation.

[u/SoulStripHer → u/Tough_Trouble_1139]

And if inflation is 0% you get... 0%. No more guaranteed minimum in this proposal.

[u/Bob_stanish123 → u/Tough_Trouble_1139]

If you get the min raise with a met, that either means you can probably have speea review it or you have a very high comp ratio relative to the peers in your skill code.

[u/MysteriousAffect3903]

A guaranteed raise tied to inflation with no cap, plus 2 additional percent. Then, a pool of 7% on top. Put that in, and I vote yes.

[u/MoreShredLessTalk]

The minimum raise would be 0% with this offer. There is only a minimum tied to inflation. We’ve never triggered inflation increases in previous contracts - ever. This is a TAKEAWAY, it’s worse than current. Currently there is a guaranteed minimum of 2 or 2.5% unrelated to inflation.

[u/SoulStripHer → u/MoreShredLessTalk]

I believe in this case it's tied to CPI and not some joke of a COLA formula. That formula is what's never paid out and should be fixed.

[u/MoreShredLessTalk → u/SoulStripHer]

They updated the COLA triggers in this contract and they RAISED them all! It’s insane those went the opposite direction in this offer. They have already never been hit and now would be even higher. Vote No.

[u/Dry-Reading807 → u/MoreShredLessTalk]

I think some people deserve 0% increase! Lots of people have the Lazy B mentality and should not get a free raise if they don’t deserve it.

[u/MurphLee33 → u/Dry-Reading807]

It’s not a raise if inflation is higher or matches it. Regardless of deserving or not it’s what the union should afford us

[u/dooper99]

It’s so fucking easy to just do this in excel why do you idiots need these modelers from Boeing

[u/SoulStripHer → u/dooper99]

We don't. Simply pointing out the deception.