Air Wisconsin
07-16-2017 | 06:07 AM
#5982
On Reserve
Joined: Jul 2014
Posts: 10
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.
07-16-2017 | 06:40 AM
#5983
Line Holder
Joined: Jun 2016
Posts: 400
Likes: 4
Thanks! Exactly what I was looking for. I can't blame them for requiring a commitment, but wish they'd be upfront about the stipulations. If someone isn't planning on staying long I'd say take the money and put it in an interest bearing account. If things don't work out and you're still around, then you keep the cash and interest. If you roll early, then after you pay it back you have enough left over to buy a Big Mac meal.
After the government gets its cut youll see 18,200 but will still owe 28,000. Be careful if you decide to leave early.
07-16-2017 | 07:07 AM
#5984
Gets Weekends Off
Joined: Sep 2016
Posts: 1,957
Likes: 0
The bonus is *taxed* at the same rate as your pay, it's just *withheld* at a higher rate. You'll get some of the money back on your return.
07-16-2017 | 07:30 AM
#5985
Line Holder
Joined: Apr 2007
Posts: 488
Likes: 0
From: Ending the Backlog one claim at a time
If you are worried about leaving within 2 years, you don't have to take the money... For those who think 2 years is a long time, it goes by faster than you think.
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.
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 | 07:33 AM
#5987
On Reserve
Joined: Jul 2014
Posts: 10
Likes: 0
Interesting. So, if you have to pay back the bonus is it deducted from your income on your taxes? Or are you still taxed on that same amount of income? What a headache trying to figure this stuff all out. I think this helps me to decide that bonuses should have no bearing on which airline I decide to get current with.
07-16-2017 | 07:42 AM
#5988
Line Holder
Joined: Nov 2014
Posts: 33
Likes: 0
Why because I have a positive outlook?
I'm going to feel bad for the person who chooses not to take the money because they are scared of getting fired and then after 2 years realizes they are still around and never took the money.
How many people do you know have been fired after IOE?
If you take the money and are worried, invest it. You'll have it if you need it.
Everything they've been saying has been coming true. I like the outlook and those hired now will too.
Like I said, I'm happy here. Think what you want.
I'm going to feel bad for the person who chooses not to take the money because they are scared of getting fired and then after 2 years realizes they are still around and never took the money.
How many people do you know have been fired after IOE?
If you take the money and are worried, invest it. You'll have it if you need it.
Everything they've been saying has been coming true. I like the outlook and those hired now will too.
Like I said, I'm happy here. Think what you want.
07-16-2017 | 09:36 AM
#5989
Line Holder
Joined: Apr 2007
Posts: 488
Likes: 0
From: Ending the Backlog one claim at a time
Why because I have a positive outlook?
I'm going to feel bad for the person who chooses not to take the money because they are scared of getting fired and then after 2 years realizes they are still around and never took the money.
How many people do you know have been fired after IOE?
If you take the money and are worried, invest it. You'll have it if you need it.
Everything they've been saying has been coming true. I like the outlook and those hired now will too.
Like I said, I'm happy here. Think what you want.
I'm going to feel bad for the person who chooses not to take the money because they are scared of getting fired and then after 2 years realizes they are still around and never took the money.
How many people do you know have been fired after IOE?
If you take the money and are worried, invest it. You'll have it if you need it.
Everything they've been saying has been coming true. I like the outlook and those hired now will too.
Like I said, I'm happy here. Think what you want.
You have to make it to IOE to be fired after IOE
I am happy here, but I have a firm grasp on the reality as opposed to the hyperbole. and the reality here is very good at the operational level.
What I despise is mendacity. If it ain't money-free-for-nothing, then it ain't a bonus so don't call it one. And don't include potential wages from a forecasted 18 month upgrade in your total compensation projections.
Why is honesty so hard?
07-16-2017 | 09:45 AM
#5990
Gets Weekends Off
Joined: Mar 2017
Posts: 451
Likes: 0
First time I've actually understood the bonus tax (my wife got a signing bonus for her new job and I thought they held out a lot). Thanks for the simple explanation.
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