It will be based on supply and demand. If there is a surplus of pilots, they would be offering P2F. If there is a shortage, there will be a bidding war for pilots.

Emirates, to me anyway, has always seemed like they try to recruit relatively young, moderately experienced pilots looking to jumpstart their careers. While they have managed to get some from major carriers, I think they were mostly early retirements, etc.

Their compensation package is decent, and there are still enough relatively young pilots out there looking to - jumpstart their careers. I doubt Emirates will deem it necessary to greatly increase their compensation package anytime soon. They continue to have no problem recruiting the type of pilots they want to hire.