Airline Pilot Forums

Airline Pilot Forums was designed to be a community where working airline pilots can share ideas and information about the aviation field. In the forum you will find information about major and regional airline carriers, career training, interview and job seeker help, finance, and living the airline pilot lifestyle.




View Full Version : Bonus


MaCrOs
11-22-2018, 09:03 AM
What is the new hire bonus now? Getting some conflicting info.


njd1
11-22-2018, 09:36 AM
What is the new hire bonus now? Getting some conflicting info.

$22100. But don't even think of spending that until you reach two years on property since you'll have to return it if you leave before then.

marshal
11-23-2018, 07:44 AM
$22100. But don't even think of spending that until you reach two years on property since you'll have to return it if you leave before then.

If you leave before 12 months you have to return the whole amount. If you leave between 12-24 months you have to return half of it. The exception is if can go to UAL through the CPP in less than 24 months.


njd1
11-23-2018, 11:09 AM
If you leave before 12 months you have to return the whole amount. If you leave between 12-24 months you have to return half of it. The exception is if can go to UAL through the CPP in less than 24 months.

Technically correct, but I think my point still stands. It comes with strings attached and should not be considered as actual spendable cash until at least year two.

Chemtrail1
11-23-2018, 01:03 PM
Technically correct, but I think my point still stands. It comes with strings attached and should not be considered as actual spendable cash until at least year two.


Is there any bonus from a regional without strings attached? Serious question, I thought they all had similar requirements, but I have not really looked yet.

njd1
11-23-2018, 02:25 PM
Is there any bonus from a regional without strings attached? Serious question, I thought they all had similar requirements, but I have not really looked yet.

I don't know of any without strings, but that doesn't mean there aren't any. The primary difference among the companies is the payback schedule. Republic, for example, only provides around $18K for the bonus but allows you to keep about 60% of that provided you get through training and complete IOE. Hence it's more of a real sign-on bonus than that provided by C5.

jacburn
11-23-2018, 04:23 PM
$22100. But don't even think of spending that until you reach two years on property since you'll have to return it if you leave before then.

Technically correct, but I think my point still stands. It comes with strings attached and should not be considered as actual spendable cash until at least year two.

Technically incorrect since you can spend half of the money at year 2 without having to return it.

Thanks for continuing coming over to the C5 thread and posting incorrect information multiple times about a company that you do not work for.

corporategypsy
11-24-2018, 04:45 AM
In all seriousness why even apply somewhere you would not even stay 2 years for. That raises questions on your resume and about your work ethic. It cost companies a lot of time and money to train pilots and looks bad if you just show up for a free type rating and recent jet time. C5 gives the whole bonus up front and wants it all back of you leave before 12 months and half of before 24. Most other airlines give you the bonus a little at a time after some milestones like ioe, 6 and 12 months. No paying back but you don't have it all at once.

njd1
11-24-2018, 05:34 AM
In all seriousness why even apply somewhere you would not even stay 2 years for. That raises questions on your resume and about your work ethic. It cost companies a lot of time and money to train pilots and looks bad if you just show up for a free type rating and recent jet time. C5 gives the whole bonus up front and wants it all back of you leave before 12 months and half of before 24. Most other airlines give you the bonus a little at a time after some milestones like ioe, 6 and 12 months. No paying back but you don't have it all at once.

While I'm sure there are people who go to companies just to grab a type rating (and I personally saw one do exactly that), I'm not here to judge them. The reality is this is at-will employment and the employee is free to do whatever is legal with respect to the contract they sign. You know damn well the company will do exactly the same thing, even if it screws the employee. That's just business. My advice reflects the reality that not everyone gets through training or makes it through their first year of probation. Those people need to pay every cent back.

You seem to imply that there is a benefit to getting the bonus up front. That's not the case, at least for me. The bonus is considered compensation. So you pay the taxes up front and, should you leave in the following tax year for any reason and have to return the bonus, you have to chase the IRS down to get your money back. In my particular case the bonus wrecked my tax strategy for the year. I asked if they would defer the bonus and they said "no, we can't do that...the bonus is part of the contract".

Frankly, I hate signon bonuses, strings or no strings. I'd just rather have the bonus wrapped into the pay rates, much as they did at Endeavor...that way everyone on property benefits. However, even Republic's method of distributing portions of the bonus on various milestones makes more sense, because then the money is yours without question.

Drchaser
12-21-2018, 07:46 PM
$22100. But don't even think of spending that until you reach two years on property since you'll have to return it if you leave before then.

On their website it says that you will get "Up To $10,400 after captain upgrade." My FO offer letter does not state this. Should I ask them to include it in writing or has it changed?

CaptDave
12-21-2018, 08:52 PM
Filler.....

Drchaser
12-21-2018, 09:19 PM
Filler.....

What do you mean?

CaptDave
12-21-2018, 10:29 PM
What do you mean?

Was constructing a response regarding FDCPA, contract law, and the likes but it got pretty lengthy so....

Filler....

Mustang62
12-22-2018, 12:20 AM
Is there any bonus from a regional without strings attached? Serious question, I thought they all had similar requirements, but I have not really looked yet.

9Es bonus has no strings attached.

JuniorFO
12-22-2018, 05:28 AM
Is there any bonus from a regional without strings attached? Serious question, I thought they all had similar requirements, but I have not really looked yet.

No strings attached to the current XJT bonus. You just get the money.