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Sign on/retention bonus

Old 11-14-2022 | 07:08 PM
  #41  
Gets Weekends Off
 
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Originally Posted by shrsailplanes
I’m gonna pass on the money. We only have one day to consider everything. I’m not comfortable with that. Hopefully it’s not a ding against me.
You about to start class?

You that sure you won't stay?
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Old 11-14-2022 | 07:23 PM
  #42  
On Reserve
 
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From: Airbus (the wide ones)
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Originally Posted by ToddChavez
1 year CD rates are 4%, take the 35k and pocket the interest after a year, then quit.
But first pay taxes on the income, then take your 4% on 25k and then have to pay back 35k in after tax money. You’ll be rich!!!!!!!!!
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Old 11-14-2022 | 07:46 PM
  #43  
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Probably a good idea to consult a tax professional before accepting. Quick google search says if you pay it back in a different tax year you can get a credit for the federal tax paid but you eat the SS/Medicare portion.
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Old 11-14-2022 | 10:53 PM
  #44  
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Originally Posted by Aero1900
El Gipple,

You ask a lot of questions. I think the answer to all of them is; we are in a once in a career hiring environment.

The industry has never had such massive amounts of retirement and hiring.
Well Aero, he was referring to the "WHY" are people leaving question in a previous post, went Socratic with it and offered facts backed up by empirical data. WHY do you try to deflate anyone who says things about Frontier Airlines that are unflattering but true on this forum? We've been through this. This company needs to change and this forum is on of the best vehicles we have to raise issues between ourselves and directly to management. A "Once in a career hiring environment" is not the reason 8 year captains are leaving. This 35K bonus is just another band aid on an airline that does not seem to have a grip on reality. Through the systemic incompetence of the entire operation Frontier creates a work environment (while on the ground for the most part) that the majority of pilots I fly with do not like and treat our customers in a manner that we are ashamed of. We fly for an airline that scams it's customers for profit; who wants to be a part of that? Many other airlines offer an opportunity to fly for a company where they can take pride in the service provided their customers - which is a huge thing - as well as better pay and a more professional work environment, period. They are going to have to compete with other airlines in this arena and they just haven't gotten that fact through their heads. We are lucky to have a fantastic pilot group here which means a lot to me and If we don't have a serious accident seniority will accrue rapidly, we hope. After those two things though, what? The operational challenges we face every single day are just getting old. A million little things that add up and make it feel like we are hacking our way through dense jungle to do our jobs instead of walking down a cleared path. If they want pilots to stay they are going to have to pay them, and pay them well. Take the pay bumps at the regionals for reference - eventually there will be no other choice but to pay pilots to stay. This "training pipeline" they are talking about is a joke. It is just another bad idea in the long line of bad ideas management seems to gestate regularly. El Gipple presented that data to assert that something is broken, and it needs to be fixed. I want things to change at Frontier, you're trying to squelch those that voice their desire for that. WHY?

Last edited by BiffleBalls; 11-14-2022 at 11:21 PM.
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Old 11-15-2022 | 12:58 AM
  #45  
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Default Sign on/retention bonus

Deleted

Filler

Last edited by DoSomePilotStuf; 11-15-2022 at 01:09 AM.
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Old 11-15-2022 | 04:19 AM
  #46  
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From: Off reserve 🤫
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What about offering $ for those who have been here a while an incentive to STAY!
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Old 11-15-2022 | 05:48 AM
  #47  
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Originally Posted by ReserveCA
What about offering $ for those who have been here a while an incentive to STAY!
Thats exactly what I’m saying. I’m not even here yet. And I wouldn’t be angry in the slightest if only you guys currently on property got it. Still confused why it’s suddenly being offered, and why my Nov 28 class seems to be where they drew the line. What about Oct 24 guys? I was almost in that class but had some things to attend to.

Originally Posted by shrsailplanes
I’m gonna pass on the money. We only have one day to consider everything. I’m not comfortable with that. Hopefully it’s not a ding against me.
I only had a few minutes to read over it last night, fell asleep instantly. I’m confused as to why we only have a day or two to consider. It came with the announcement of the bonus, and page 2 was just like the offer letter I signed after my CJO (welcome, your class will be the 28th, sign here blah blah accepting the offer). Form 2 is a Promissory note; offer letter says in plain language that 3 years is required, or else pay back in full (no prorating), the Promissory note has legalese but seems to say the same. Form 3 is bank info for a deposit I guess.

I know other industries have signing bonuses and they claw back if you leave. But this is new territory for me, with no time to consider. The way the email and offer letter sound, it comes across as “you must sign this new offer letter to say you’re coming to class.” Im not trying to leave, so I don’t necessarily see a disadvantage, but I share your uneasiness/skepticism since it feels rushed.
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Old 11-15-2022 | 05:52 AM
  #48  
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It won’t happen but it would be amazing if very few to no one takes it.

It’s hard to even get mad. This won’t work. Not even a little bit.
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Old 11-15-2022 | 06:22 AM
  #49  
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Originally Posted by shrsailplanes
I’m gonna pass on the money. We only have one day to consider everything. I’m not comfortable with that. Hopefully it’s not a ding against me.
We had an two year employment contract here a few years back. I don't believe anyone who left before the two years had to pay a dime of it back. I have never seen one of these contracts enforced, has anyone else? Go on take the money and run... WOO WHO WHO!
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Old 11-15-2022 | 06:27 AM
  #50  
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Originally Posted by JoeFever1
It won’t happen but it would be amazing if very few to no one takes it.

It’s hard to even get mad. This won’t work. Not even a little bit.
Right? I mean, I’m not sold on it. I get a whole 1 day to consider, which just feels like pushy car sales. Maybe it’s unfounded but the unsettling feeling is real. Plus, middle finger to the guys who started 2 weeks ago. A month ago etc, plus anyone who has actually been here for a while.

Basically. This is a training contract with a different name?

Originally Posted by BiffleBalls
We had an two year employment contract here a few years back. I don't believe anyone who left before the two years had to pay. I have never seen one of these contracts enforced, has anyone else? Go on take the money and run... WOO WHO WHO!
This is what I’ve read over the years. I’ve seen a minority of accounts that actually had an operator, usually a scummy small 135, go after them. However the Promissory Note is 4 pages of “if you leave prior to 3 years, eff you pay me. Payment expected within 5 days of termination or early resignation.” No mention in the offer or other docs when they would pay *us*. Is it 1 lump, immediately? After checkride? IOE? Some now some in a year?
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