Originally Posted by
rjboy
ps - I already know that SKYW doesn't have a contract blah blah blah
Right, so I never understand why people keep calling something that it isn't. Why can't people call it what it actually is, terms of employment? I mean, when I worked at AMF, I NEVER heard any pilot call our terms of employment a "contract." Must be something in the SKW kool aid.
Originally Posted by
Flyby1206
Agreed 100%. ASA and SKYW payscales/401k seem to be in line with the majority of other regionals.
If I was at a publicly traded company like SKYW I would prefer to have a bonus based on financial performance while having a payscale in line with everyone else. If the company performs well and makes a profit I know I am going to see some benefit from that. If the company loses money I know the labor costs aren't the reason and mgmt has nobody to blame but themselves. Having the highest payscale isnt a great position to be in, ask UAL/DAL how that worked for them pre-9/11.
There are many other factors other than pilot compensation that go into the equation of profit. Having safety systems such as FOQA and ASAP (with an enforceable MOU) for example, since that's been a very sensitive topic with congress lately.
Anyways, I only mention it because this was brought up with the SKW attempt to purchase XJT. SKW wanted to do away with the XJT defined contribution plan (guaranteed pay just like your pay rate) and implement their performance bonuses along with pay rate concession to bring them in line with total SKW compensation.
I'm totally for this type of compensation. I think its a great idea. But not at the expense of other guaranteed compensation you would get otherwise.