Risk is not taken by employees without equity so they should only have the fixed returns as per their contract.
Engage employees with staff share schemes , not helicopter money.
Printable View
It's two different things, Beagle. Can't lump them together.
Beagle, you are going to ignite another ST wage subsidy debate lol
Disagree with you peat
One of a persons biggest asset is their ability to earn an income - their intellectual capital
One can measure that capital - its the capitalised value of ones future income stream - you could this their equity (at risk)
WHS payroll about $550m at the moment - the employees return on the capitalised value of their IP which we could say is valued at $4,000m/$5,000m
WHS shareholders have put in $429m into the company and that's worth about $1,300m now
Therefore I contend employees have heaps more invested in WHS than shareholders do (Depending how you want to measure it 4 to 10 times as much)
And both are at 'risk'
I have no problem with people being paid a bonus for service over and above what is expected of them. Whether the WHS staff who are not on any form of incentive program deserve a bonus will no doubt be the subject of hot debate (if it happens), but I for one will not waste any more of my time debating something on the basis of just a rumor.
I don't wish to start yet another round of the already vigorously debated wage subsidy argument other than to note that WHS have already done the right thing (as many described it. kowtowed to Cindy's bully boy behavior is how I would describe it), this financial year at substantial cost.
As an investor I look forward to hearing what other programs WHS have for streamlining their business model and taking cost out of it.
With all the streamlining and roles being disestablished wage bill probably still well below last years anyway, bonus included
3.55 didnt last long ....
what a range!
its being chased now.
who would have anticipated the quick extremes.
Hard to get these at 3.50.
My take : happy staff = happy business. I work with a business where every employee (including the yard sweeper) gets a $250 bonus EVERY month we make budget. I set the budgets. We make budget regularly, so the owners are happy and the workers are happy. It's a (relatively) small price to pay to those who have your business in their hands on a daily basis. This sort of thing absolutely motivates staff to do the right thing for the business. Have you ever seen factory staff lean into a sales graph presentation? I do, every month. I don't have an issue with WHS doing this because I have seen it action, and it works.
Agree, my company has not behaved well in regards to Covid, the wage subsidy and reducing salaries during this time And a wage freeze. They now make millions in profit and no bonus in sight or wage increase. The big cheese probably dont see it but it upsets people down the the chain and they dont go the extra mile. You can probably guess what company I mean. Earning coming up....expect good result.