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Old 09-15-2016 | 08:34 AM
  #271  
RyanP
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Joined: Jul 2011
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Originally Posted by 272922
What's the rate for steps 4 and 5 of the current payscale?
Some info taken from our latest MEC message


+$15,000 or $20,000 Signing bonus for new hires (fleet dependant)
+$20,000 FO retention bonus (paid quarterly over 2 years)

First Officers already on fifth year pay and above, once you upgrade, you will get an additional $2,500 bonus. This is in addition to the $5,000 you are already owed from the December 2014 TA. For perspective, that equates to approximately a 6% raise* at your current pay step when you upgrade. It is my goal to provide an environment where you can progress and receive this bonus as quickly as possible.

*$2,500 is roughly equal to 61 hours of pay at $40.79, 6% was calculated using 900 paid hours per year.

For our pilots who are currently holding a Captain status, including those in Captain training today, you will receive $7,500 incrementally throughout the next 16 months. Using 12th year pay at $89.12 an hour for our small RJ rate with 900 paid hours per year (75 per month), this is roughly a 9% raise for Captains at or around that pay.
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