Envoy FOs to possibly get $20k retention!
03-29-2015, 08:34 AM
#1
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Envoy FOs to possibly get $20k retention!
Someone made a post to say that Envoy has too many pilots and not to come here. Just wanted to share the other half of the paragraph the other OP did not, because it looks like FOs may get $20k. It deserves its own thread as much as the other topic does.
Mr. Fabregas has drafted other retention programs that are under review by AAG. He stated that if the Endeavor style plan were copied here it would cost an estimated $40 million per year. His proposed plan, which is likely for First Officers only, cost an estimated $18 million for the first year and reduces over time as First Officers at the top of the pay scale move over to the Captain pay scale which reduces overall First Officer payroll. Mr. Fabregas believes details of his plan, if approved by AAG, could be released soon.
03-29-2015, 08:50 AM
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Aren't you actually misleading. He said you will not need a retention program. All managent leaves hope for the gullible when disseminating bad news.
Last edited by WesternSkies; 03-29-2015 at 09:05 AM.
03-29-2015, 08:57 AM
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Originally Posted by WesternSkies
Nope.
You are actually misleading. He said you will not need a retention program. All managent leaves hope for the gullible when disseminating bad news.
You are actually misleading. He said you will not need a retention program. All managent leaves hope for the gullible when disseminating bad news.
Mr. Fabregas advised the group that AAG is not going to have an Endeavor type retention for Envoy pilots. As it stands there are more pilots on property at Envoy than will be needed for the planned fleet size. Mr. Fabregas has drafted other retention programs that are under review by AAG. He stated that if the Endeavor style plan were copied here it would cost an estimated $40 million per year. His proposed plan, which is likely for First Officers only, cost an estimated $18 million for the first year and reduces over time as First Officers at the top of the pay scale move over to the Captain pay scale which reduces overall First Officer payroll. Mr. Fabregas believes details of his plan, if approved by AAG, could be released soon.
03-29-2015, 10:38 AM
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Originally Posted by Weekendwarrior2
This place isn't going anywhere next year.
03-29-2015, 10:43 AM
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Originally Posted by tom11011
Oh no? So they want to shrink it just small enough so the 300 lifer captains do not have to seek employment elsewhere? They're doing it for them right? American and Envoy think its ok to have the average longevity payscale at year 15 or so right? You are being whipsawed right now, as we speak.
You also have about 100 of us lifers retiring in the next 4 years.
03-29-2015, 10:44 AM
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Originally Posted by PilotCrusader
At 1200-1500 total pilots as the goal for envoys low point in 2017, there would be 600-750 CA spots. With 300 of us "lifers" around, that is 300-450 open CA spots. The rest of the seniority list is flowing pretty steady, so longevity will shrink. You also have about 100 of us lifers retiring in the next 4 years.
03-29-2015, 10:46 AM
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Originally Posted by tom11011
1500 is what they told you to keep the doors from falling off. If their true intentions were announced.....
03-29-2015, 10:51 AM
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Originally Posted by Weekendwarrior2
Forgot you have the crystal ball and know exactly what's going to happen a year down the road.
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