Bonus
What is the new hire bonus now? Getting some conflicting info.
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Originally Posted by MaCrOs
(Post 2712474)
What is the new hire bonus now? Getting some conflicting info.
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Originally Posted by njd1
(Post 2712505)
$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.
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Originally Posted by marshal
(Post 2712867)
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.
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Originally Posted by njd1
(Post 2712941)
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. |
Originally Posted by Chemtrail1
(Post 2712983)
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.
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Originally Posted by njd1
(Post 2712505)
$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.
Originally Posted by njd1
(Post 2712941)
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.
Thanks for continuing coming over to the C5 thread and posting incorrect information multiple times about a company that you do not work for. |
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.
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Originally Posted by corporategypsy
(Post 2713146)
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.
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. |
Originally Posted by njd1
(Post 2712505)
$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.
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