Air Wisconsin
07-14-2017 | 12:47 PM
#5971
Gets Weekends Off
Joined: Apr 2015
Posts: 2,922
Likes: 95
If you want the bonus money, you have to sign a 12 month contract and another additional 12 month contract to get the year 2 bonus. Otherwise, you can just just turn the bond s down.
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07-14-2017 | 04:16 PM
#5974
Gets Weekends Off
Joined: Mar 2017
Posts: 451
Likes: 0
I've PM'd with somebody here on the forum who shall remain nameless, but he was told by AW that there were no training contracts or strings attached to the bonus. On the day they were first supposed to issue the first $5k check with 25% taken out, they said he had to sign an agreement for 25 months or you will own the company the whole amount the day you resign.
07-14-2017 | 04:28 PM
#5975
Line Holder
Joined: Apr 2007
Posts: 488
Likes: 0
From: Ending the Backlog one claim at a time
A good argument could be made that the bonuses are a result of the market; that's what it takes to get people in the door. Thus any "contract" associated with the bonus is void for want of consideration. The bonus and the expense of training a first officer is merely the cost of doing business. Nothing more. A company could avoid this problem by delaying bonus payments until a certain amount of time has elapsed or attaching the payments to certain milestones, but no one should have to indenture themselves to receive compensation.
The CTP year contract is different: you get an ATP through their program and use their testing facility. A contract for hiring bonuses is different and may not be enforceable. Not that I know anything about that.
The CTP year contract is different: you get an ATP through their program and use their testing facility. A contract for hiring bonuses is different and may not be enforceable. Not that I know anything about that.
07-14-2017 | 04:55 PM
#5976
Gets Weekends Off
Joined: Nov 2013
Posts: 128
Likes: 0
I've PM'd with somebody here on the forum who shall remain nameless, but he was told by AW that there were no training contracts or strings attached to the bonus. On the day they were first supposed to issue the first $5k check with 25% taken out, they said he had to sign an agreement for 25 months or you will own the company the whole amount the day you resign.
Anyone who actually signed the agreement care to characterize it rather all of us I heard from someone who talked to someone who...
Might clear it up.
07-14-2017 | 06:18 PM
#5977
On Reserve
Joined: Jul 2014
Posts: 10
Likes: 0
The bonus and the expense of training a first officer is merely the cost of doing business. Nothing more. A company could avoid this problem by delaying bonus payments until a certain amount of time has elapsed or attaching the payments to certain milestones, but no one should have to indenture themselves to receive compensation.
That being said, does anyone know if the type rating bonus needs to be paid back if you leave before a year?
07-15-2017 | 03:47 AM
#5978
On Reserve
Joined: Aug 2016
Posts: 24
Likes: 0
This. But also, just increase your hourly pay and be honest about this new world we operate in. The first regional that rids itself of bonuses but instead increases its hourly pay will likely be flush with applicants. Especially guys like me just looking for a temporary home until the big boys call.
That being said, does anyone know if the type rating bonus needs to be paid back if you leave before a year?
That being said, does anyone know if the type rating bonus needs to be paid back if you leave before a year?
The bonus wording is deceptive... It's really a retention plan to get you to 2 years. Which, is good business, just call it what it really is.
07-15-2017 | 01:02 PM
#5979
Line Holder
Joined: Nov 2014
Posts: 33
Likes: 0
Yes it does. See my earlier post. You pay back everything if you quit or are fired before completion of 13 months. The total payment is prorated from 13-24. So, stay 13 months, you only keep $3400, plus a little bit more for the previous type.
The bonus wording is deceptive... It's really a retention plan to get you to 2 years. Which, is good business, just call it what it really is.
The bonus wording is deceptive... It's really a retention plan to get you to 2 years. Which, is good business, just call it what it really is.
You don't get the majority of the money until you complete IOE. The termination rate after passing IOE is less than 1%.
I have enjoyed many years of employment here and I highly recommend this company.
With the large sign on bonuses, larger class sizes, upgrades, movement, IAD and ORD officially opening; you couldn't pick a better time to join.
07-16-2017 | 02:49 AM
#5980
Gets Weekends Off
Joined: Apr 2015
Posts: 2,922
Likes: 95
I don't know it for sure but my understanding now is that yah at the last minute they decided to have the new hires sign an agreement that if they leave early it is pro-rated depending on how long they were here after each stage of the bonuses paid. I inquired above and was told this was similar to other regionals with bonuses but I most certainly have no proof of that.
Anyone who actually signed the agreement care to characterize it rather all of us I heard from someone who talked to someone who...
Might clear it up.
Anyone who actually signed the agreement care to characterize it rather all of us I heard from someone who talked to someone who...
Might clear it up.
I know that the AA wholly owneds have a similar agreement, so does Republic (2 years).
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