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On the 29th......................

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.
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whatamess!!
Posts: 279
Joined: 13 Jan 2011, 17:43
Gender: Female

On the 29th......................

Post by whatamess!! »

On the 29th June, Managers get their bonus payments, the £100 is to ease our pain, to see these muggs get over a grand each. :arrrghhh :arrrghhh :arrrghhh :arrrghhh :arrrghhh :arrrghhh
pants123

Re: On the 29th......................

Post by pants123 »

whatamess!! wrote:On the 29th June, Managers get their bonus payments, the £100 is to ease our pain, to see these muggs get over a grand each. :arrrghhh :arrrghhh :arrrghhh :arrrghhh :arrrghhh :arrrghhh
how do you know managers are getting over a grand each ?
whatamess!!
Posts: 279
Joined: 13 Jan 2011, 17:43
Gender: Female

Re: On the 29th......................

Post by whatamess!! »

bit of a guess, but the managers in my unit last year had £1300. They had great pleasure in telling all the members in the office.
Darren Bent
Posts: 2150
Joined: 05 Oct 2007, 15:38
Gender: Male
Location: Pride Park, Derby, DE24 8XL

Re: On the 29th......................

Post by Darren Bent »

I think manager and postal worker should have the same bonus all the way. If the manager deserve 1 grand bonus, we should get the same.
nodboy
Posts: 21
Joined: 26 Oct 2008, 14:33
Gender: Male

Re: On the 29th......................

Post by nodboy »

People should remember that some opg grades get upto £20 a week pbs money some of which was converted into pensionable pay
therefore that = over £1000 per year :hmmmm
fishtank
Posts: 19732
Joined: 28 Sep 2007, 17:22
Gender: Male

Re: On the 29th......................

Post by fishtank »

nodboy wrote:People should remember that some opg grades get up £20 a week pbs money some of which was converted into pensionable pay
therefore that = over £1000 per year :hmmmm
People should also remember that many of the same OPG grades get absolutely f**k all a week pbs money none of which is converted into pensionable pay. :neutral:
good times, bad times you know I've had my share
Martin Walsh
Posts: 4258
Joined: 19 Sep 2007, 20:12
Location: neverland

Re: On the 29th......................

Post by Martin Walsh »

PBS is not pensionable. The only time some of it became pensionable was when those offices in receipt of it put £5 of it into basic pay under the single delivery deal.
Stormproof
Posts: 6116
Joined: 07 Jul 2007, 21:03
Gender: Female

Re: On the 29th......................

Post by Stormproof »

PBS is'nt weekly its monthly. I think you are getting confused with the DRAS payment nodboy.
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Cut Off King
Posts: 1078
Joined: 23 Jun 2009, 21:18
Gender: Female

Re: On the 29th......................

Post by Cut Off King »

Used to get £20 bonus every week, until about 10 years ago, I haven't seen ANY bonus since. :confused
monkey76
MAIL CENTRES/PROCESSING
Posts: 98
Joined: 22 Feb 2010, 14:15
Gender: Male

Re: On the 29th......................

Post by monkey76 »

pants123 wrote:
whatamess!! wrote:On the 29th June, Managers get their bonus payments, the £100 is to ease our pain, to see these muggs get over a grand each. :arrrghhh :arrrghhh :arrrghhh :arrrghhh :arrrghhh :arrrghhh
how do you know managers are getting over a grand each ?
Managers in our office got there payslips last night and even the totaly useless deputy managers recieved 1800 pounds so god knows what the acting and substansive managers got.A manager can only get a bonus based on US THE STAFF getting all the work done yet they tell us we arent working hard enough even though we always clear the shift.How can a bunch of blokes who stand around talking in a circle all night and are there to do nothing more than ratcatch get paid a bonus based on the work that US THE STAFF have done day in day out????? There you go though your worth 100 pounds for doing all the graft and there worth 1800 rising because YOU did all the graft not them OH MY DAYS when will the Union stand up to utter crap like this?????
Budfrog
Posts: 893
Joined: 11 Sep 2007, 02:19

Re: On the 29th......................

Post by Budfrog »

Darren Bent wrote:I think manager and postal worker should have the same bonus all the way. If the manager deserve 1 grand bonus, we should get the same.
Harmonisation of bonuses is an excellent idea and but would need to incorporate Way Forward Agreement Stage Payments and Christmas Bonuses which could be paid to LAs as well as ML/MSs.
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POSTMAN
SITE ADMINISTRATOR
Posts: 32700
Joined: 07 Aug 2006, 03:19
Gender: Male

Re: On the 29th......................

Post by POSTMAN »

There is a new bonus system i'll have a look for it,in the meantime the old one...
RM Intranet wrote:This is the one for DOMS.

1. 10% – RM Letters profit with an additional 5% if the stretch target is achieved.

2. 20% – Region annual total cost budget with an additional 5% if the stretch target is achieved.

3. 30% – Delivery Office annual operations budget target with an additional 10% if the delivery office annual budget target is beaten by at least 1%

4. 16% – Local PCA 1st class delivered E2E with an additional 3.5% if the stretch target is achieved.

5. 4% - National 1st class stamped & metered (retail) E2E with an additional 0.25% if the stretch target is achieved.

6. 4% - National 2nd class stamped & metered (retail) E2E with an additional 0.25% if the stretch target is achieved.

7. 4% – National 1st class bulk E2E with an additional 0.25% if the stretch target is achieved.

8. 4% – National 2nd bulk class E2E with an additional 0.25% if the stretch target is achieved.

9. 4% – National 3rd bulk class E2E with an additional 0.25% if the stretch target is achieved.

10. 4% – National Special Delivery with an additional 0.25% if the stretch target is achieved.

Just remember that the percentage quoted above are a percent of the 10% bonus pot, so for example if they( RM) hit target 1 (RM letters profit) they would get 10% of the 10% bonus pot awarded so that would be 1% overall.

It was in a table that didn't paste across with the same formatting but objectives 1 to 3 were Shareholder targets and account for 60% of the pot. The others are Customer/Regulator Targets and account for 40%.
So to make it as clear as mud if we hit objective 1 a Dom would get 10% of the 60% pot of the total 10% of gross pay possible.
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It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
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The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
krussel
Posts: 5298
Joined: 26 Jan 2009, 18:03
Gender: Male
Location: Out on the streets.

Re: On the 29th......................

Post by krussel »

Ok i agree its not fair if a manager gets more than 10x our pay out but iam not going to break my head over it. :hmmmm
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mandelsons_toenail
Posts: 1294
Joined: 08 Aug 2009, 18:16
Gender: Male
Location: Outer Hebrides

Re: On the 29th......................

Post by mandelsons_toenail »

Just as a heads up senior management received an 18% bonus of their salary today
:shock:

My Dom received a substantial amount

I got £100

Puts it into perspective really
Darren Bent
Posts: 2150
Joined: 05 Oct 2007, 15:38
Gender: Male
Location: Pride Park, Derby, DE24 8XL

Re: On the 29th......................

Post by Darren Bent »

Budfrog wrote:
Darren Bent wrote:I think manager and postal worker should have the same bonus all the way. If the manager deserve 1 grand bonus, we should get the same.
Harmonisation of bonuses is an excellent idea and but would need to incorporate Way Forward Agreement Stage Payments and Christmas Bonuses which could be paid to LAs as well as ML/MSs.
Can we get the union to do something :)