View Single Post
Old 03-03-2016 | 01:49 PM
  #13  
Otterbox
Gets Weekends Off
 
Joined: Oct 2015
Posts: 3,199
Likes: 42
From: Gear slinger
Default

Originally Posted by awax
Based on the few details I've seen - I say MAYBE!

10K paid quarterly over 2 years? Are they kidding?

So 5K per year divided into 4 quarters is $1,250 per quarter. $1,250 divided by 3 months is $416 per month. Let's say a new pilot is on reserve at 70 hours per month. That 10K bonus equates to just shy of 6 buck an hour....before taxes.

My public math says base rate + $5.25 after (18%) taxes per hour, based on a 70 hour month.

So there's that.

Additionally, a union rep that allows management to change compensation for new hires without a corresponding increase for incumbent pilots should be recalled ASAP or sooner. If new hires are making $20/hr that bonus is a 30% increase and that damn well better trickle up.
Sounds like the military bonus system- works out to be roughly $2-3/hr for a 5 year commitment... And they have no idea why their take rates are so low either.
Reply