ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE

ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!

how does pt pro rata work?

The latest news and discussion on Royal Mail Shares.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
All news and discussion on Daniel Kretinsky's full takeover of Royal Mail.
fishcake
Posts: 6
Joined: 15 May 2012, 20:59
Gender: Male

how does pt pro rata work?

Post by fishcake »

Hi sorry if this has already been asked, but could anybody in simple terms explain the pro rata shares? and is there a length of service before we qualify for shares. My contract hours are 24 but i try to do as many as possible to make as near 40 as i can. My question is are they based on actual hours worked or contracted? thankyou.
TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72548
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Re: how does pt pro rata work?

Post by TrueBlueTerrier »

fishcake wrote:Hi sorry if this has already been asked, but could anybody in simple terms explain the pro rata shares? and is there a length of service before we qualify for shares. My contract hours are 24 but i try to do as many as possible to make as near 40 as i can. My question is are they based on actual hours worked or contracted? thankyou.
Details are still not forthcoming I'm afraid.
All post by me in Green are Admin Posts.
Any post in any other colour is my own responsibility.
If you like a news story I posted please click the link to show support Any news stories you can't post - PM me with a link
My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.
pink panther
MAIL CENTRES/PROCESSING
Posts: 151
Joined: 09 Feb 2011, 14:15
Gender: Male

Re: how does pt pro rata work?

Post by pink panther »

All shares and bonuses should be paid on hours worked rather than pro rata bullshit, cause if your doing regular overtime which contributes to the profits then you should reap the rewards.
clashcityrocker
Posts: 16474
Joined: 22 Sep 2009, 13:50
Gender: Male
Location: strummerville

Re: how does pt pro rata work?

Post by clashcityrocker »

pink panther wrote:All shares and bonuses should be paid on hours worked rather than pro rata bullshit, cause if your doing regular overtime which contributes to the profits then you should reap the rewards.
The lump sums from the BT2010 agreement were paid on hours worked and not contracted hours.
The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet.
DB1100
Posts: 1976
Joined: 10 Sep 2007, 14:30

Re: how does pt pro rata work?

Post by DB1100 »

pink panther wrote:All shares and bonuses should be paid on hours worked rather than pro rata bullshit, cause if your doing regular overtime which contributes to the profits then you should reap the rewards.
Why should a 15 yr part timer get less shares than a 5 yr full timer,ok I can get my head round Christmas bonus being pro rata,but all shares should be equally distributed.
For we were soldiers once,and young