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Old 06-09-2022 | 04:01 PM
  #6796  
bamike
On Reserve
 
Joined: Oct 2017
Posts: 124
Likes: 1
Thumbs down Payback period for bonus

Originally Posted by AlphaTango69
Captain pay at 750 hours, new bonus structure, better per diem, min day, commuter hotels. Long call reserve. New hires from other airlines get credit for longevity at previous airline.
Bonuses
$15,000 sign on
$15,000 year 2
$30,000 CA upgrade bonus
$40,000 CA year 1 bonus
$40,000 CA year 2 bonus
$25,000 flow bonus

$15,000 Direct entry captain bonus
$7500 145 type rating bonus
Every bonus has at least a 2 year NON PRORATED payback and it’s before taxes(meaning you get the money after taxes but have to pay back the full pre tax amount so you actually lose money). The 30k captain bonus is a 3 year payback. They make you sign a promissory note for every bonus you take.

Why would you stay at Piedmont 3 years after you upgrade to captain???
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