Air Wisconsin
07-14-2017, 06:18 PM
#5961
On Reserve
Joined APC: Jul 2014
Posts: 10
Originally Posted by WhistlePig
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
#5962
On Reserve
Joined APC: Aug 2016
Posts: 24
Originally Posted by TEX2
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
#5963
Line Holder
Joined APC: Nov 2014
Posts: 33
Originally Posted by lava
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
#5964
Gets Weekends Off
Joined APC: Apr 2015
Posts: 2,426
Originally Posted by diverdriver2
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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07-16-2017, 06:07 AM
#5966
On Reserve
Joined APC: Jul 2014
Posts: 10
Originally Posted by lava
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
#5967
Gets Weekends Off
Joined APC: Jun 2016
Posts: 397
Originally Posted by TEX2
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
#5968
Gets Weekends Off
Joined APC: Sep 2016
Posts: 1,948
Originally Posted by StrykerB21
Forgetting taxes. The bonus will be taxed at 35%. What is the bonus payment after OE? 28,000?
After the government gets its cut youll see 18,200 but will still owe 28,000. Be careful if you decide to leave early.
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, 07:30 AM
#5969
Gets Weekends Off
Joined APC: Apr 2007
Position: Ending the Backlog one claim at a time
Posts: 486
Originally Posted by 4600
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.
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