Originally Posted by
followingdreams
Are you a Flex employee? Becasue you clearly dont understand how it works. Its the employees option whether its added to a 401k or taken as a cash payout. I first year FO making 105k is now making $123k if they are still on property in 3 years. That is pretty good pay and doesnt take into acount the other bonuses.
I don’t think many people will see this move as a first year FO going from 105k to 123k, as they’re not going to see that money until they’re a year 4 PIC. I see it as a an 18k increase to the pay scale beginning at year 4, because that’s what it is in practical terms. It’s great for those of us who are going to remain long term, but won’t move the needle towards retaining someone who is on the fence about staying vs jumping ship.