Profit Sharing can be a double -edged sword - Recensione dipendente - Sales/Warehouse presso CED Greentech

This company is all about their profit sharing. You receive your profit sharing in the first 2 weeks of March. The amount you get will be base on the work that you did the prior year, how long you've been with the company and your position. The profit sharing checks are significant because of the low hourly rate. Profit sharing can be about a third of your annual income. If you decide to quit before profit sharing season, or they so happen to let you go....no check for you. They make you wait a whole 9-10 weeks after the year ends, to pay you out your money. That's 11-12 weeks of just earning your low hourly rate, if you plan to put in your 2 weeks as soon as you receive your profit sharing. If you plan to quit, definitely wait until you cash that check! I had been working for the company for 3 years and making $14 an hour. Yes, my profit sharing check that year was of $16K (minus 30-40% for taxes), but I put in a lot of over time. Eventually I did receive a $2 raise, but only because I found out that that was how much some of the new people that I was training were making. When going up for a raise, they will try to use the line, "we will make it up to you with profit sharing", but with no way of proving that to you down the line. Don't be fooled, fight for your hourly rate increase. These will be results you will see on every paycheck. My last profit sharing check before I quit was for$20K before taxes. Not the worst place to work for you're in sales. Not the same story for warehousing.