Originally Posted by
CaptainCarl
Also, food for thought: The next class of 10 equals $60,000 in new-hire bonuses.
I wonder what else the Company could do with $60,000...
75 hours/month x $5/hour = $375/month. The Company could give 160 pilots a $5/hour pay raise
For the next 10 pilots they hire, they could finish off the seniority list (another 66 pilots) and have $35,250 left over...
Hmm... I wonder how much those iPads cost? That's 250 very expensive paperweights. Maybe they could use some of that leftover money to find a vendor who can give our iPads the support they need?
The next 10 pilots? Well heck, that's another $60,000. I wonder where Silver is suddenly finding all this money... Maybe it's all that nickel-and-diming they do on our paychecks. I might as well be a bona-fide CPA with the number of audits I've done over the past year
All that said, I'm glad Silver has finally recognized the need to make changes in order to attract pilots and try to retain the ones they have.
There are many reasons that benefit the company to structure it this way instead of a raise.
1.) A raise is permanent. If an employee stays long enough the raise will work out higher in the long run.
2.) A raise would have to be given to the entire group.
3.) No union negotiation to give a bonus
4.) A bonus doesnt become part of a companies recurring costs
5.) A bonus doesnt become part of a new hourly rate for basing future new hourly rates from.
6.) A bonus doesnt become part of the equation for benefits that are based on a percentage of salary such as 401k and life insurance.