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.
Just to clarify a few things you are getting confused.
1. It's 20k paid 8 times quarterly. Rest of your math works just got to double those numbers.
2. The Envoy bonus you are talking about is for only pilots currently on property right now. NOT for pilots who get hired after March 1.
Side note: It's hard to argue against your last statement but I am. If that bonus is going to help new hires get in the door to push me closer to upgrading I am somewhat ok with that. Would I want everyone to get that bonus too? Sure.