Netjets New Compensation
 

I'm hoping to get some insight into what a typical 1st year FO working the 7 on 7 off would make. I know the listed base salary, however I also know there are many variables that can add additional income. I'm hoping someone can explain what kind of additional pay is available etc. Thanks in advance for any help!!!

Well.......

You get free crew meals and breakfast at most hotels...maybe worth $100,000 extra a year.

Man, I cannot find a picture of those meals...Does any one have a picture? Maybe throw in a picture of a hotel coffee mug also...

Also, you get to arrive at your aircraft close to dawn on really cool fbo ramps.. They make for great photo ops. Way better than everyone else's AM departures. I lost all my early morning ramp photos. Someone on here has to have 1 or 2.

Thanks

Take the first year pay, add 10% and thats what you can expect.

As others have said, adding 8-10% to base salary is a pretty good estimate. (Mine was 8.5% last year.)

Keep in mind that as a newhire, you'll be on the "18-day training schedule" for at least the first four months or so, maybe longer depending on the timing of the schedule bids. That schedule pays 22% more money, working 20% more days, paying $76,327 annually for first-year pilots.

So 4 months of that schedule, plus 8 months of the 7/7, plus ~9% in overtime and holiday pay, puts you at roughly $73,193.

You can put 20% of your gross into a 401k, and the company will match 51% of what you put in. So if you max it out, that's another $7466 added to your bottom line, bringing you to $80,659.

Good health, dental, and vision insurance for you and your family are also included for no premium, so factor that in as you see fit. No idea of the real dollar value of that.

I actually don't mind the occasional dawn patrol, but that's my inner freight dog speaking.

The company isn't paying 2k a month to insure you and your family. Most premiums at other companies are about 800 a month for a family. I pay 650 a month where I'm at now for pretty good coverage (NetJets was pretty good coverage too) for me and my family.

My coverage is better now but yes I pay.

I'll correct myself. NetJets self ensures so maybe they are paying 25k a year to insure you. That doesn't mean that you'd be spending 25k if you left and worked at another company.

Stop getting so butthurt on every single word Leiber, I heard an IBB is coming lol 😂

No I'm with ya. The coverage is good, and it is free, that is a great benefit. But if comparing to another company, its not very fair to compare what NetJets pays to show what somebody would pay without it. That being said, 9k a year I think is very fair to say that a family at another company will pay.

You have multiple wings from multiple airlines you hypocrite, the only difference is you choose to ignore WHY you came to NetJets. Stop pretending you didn't come to NetJets because you were freaking desperate just like everyone else in 2001.

What's worse, coming to a company out of disparity and staying, or coming to see that the hype wasn't real, and leaving? You have been there 15 years and picketed, fought, stood by the pilot group and union, and at hour 11 when the new CBA was TA'd you fell on your sword, bravo sir, bravo. But ya stick it out 20 years and MAYBE the FO's will finally get something, the last 30+ years, lets just forget about that lol...

Oh and I took a paycut for year 1, I will make more than a 7 year FO on the 7/7 INCLUDING paying for health insurance next year. You should jump in the "I left NetJets for the airlines, now I wan't to come back" thread and comment in there, oh wait, it doesn't freaking exist.

That will be my last reply to you *. I am sick and tired of discussing something with another user, you coming in here and getting upset, and me having to defend myself and debate you. It is exhausting.

They aren't hiring so this whole thread is a waste of time.

Name the 5....

No I was in the Persian Gulf serving my country, try again.

Turned down Delta so you could feel like you were giving back by taking 28k at NetJets huh?

He won't.


Edit:

He didn't.

Is this flightinfo?

Getting that way....

You can actually put in up to 80% of your gross pay into your 401k and this year the match is 52% of what you put into it.

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The company's matching compensation only applies up to 20% of your income, however. If you gross $100,000, $10,400 is the most the company will contribute.

Fly low likely upgraded very soon after, or while in, training.

His experience in no way represents what today's FOs will experience. 20 years in the right seat of a corporate jet is a special type of purgatory.

Jet Life was looking at another 15 yrs as an FO. It was the right move to leave. I hope I follow.

Mr. *Tiggerpilot* is a great guy. If he was facing 20 yr upgrades, I think he would leave too. You guys are more similar then you care to admit.

Mod note:

Stop Posting Real Names.

If you do, I'm just going to have fun at your expense.

What I got from this thread is a stack of netjet wings must equal a heavy sack.


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Kicking the shins of Netjets....more like looking out for fellow pilots so they don't end up in the most dead end job in the industry.

I have nothing to gain and nothing to lose by coming to this thread.
I'm not part of the Netjets Ponzi scheme where I need to keep bringing in suckers below me.

I want every potential employee out there to know that they are signing up for career purgatory. Pay, QOL, retirement - all of it miles behind the industry and no change in sight.

A hiring freeze at Netjets is the best possible thing right now. No new prisoners and hopefully those on the bottom of the seniority list will see there is no light at the end of the tunnel and punch out.

Correct me if I'm wrong, but the company is matching up to specific dollar values (max IRS allowable per age). Up to age 50, that is $18K, (they'll give us $9k). After age 50, the "catch up" dollar value goes up to $24K (so $12k match).
Sadly, on my 3rd year 7/7 pay, $24K is about 1/3 of my base pay. I'm doing 23% right now, and they've been matching it 50% of that. (Weekly match is 50% of 15%, then there is an annual catch up in March)

I'm broke every other Thurs before payday, but my 401K is growing pretty well.

Tremendous recruitment opportunities? Come onnnnnnnnn lol

No we are different in most ways. Somebody that has had the career history he has, should be more apprehensive and certainly not have the blind faith that he has now. It's one thing to compare the 20 year upgrades and the pay deficit but it's a whole other to positively spin unfavorable things that the company is doing. An IBB is coming even though the union president sent an email specifically addressing that and saying no. No hiring for the rest of the year means that the company is refocusing on efficiency even though people are still leaving. Reducing the overall fleet size somehow allows them to grow the fleet later on. Reducing the pilot group size is because of sim issues even though the company has been reducing the pilot group size essentially since they began hiring post furlough.

These things don't add up, and most can see it except him. He hates the airline industry and is universally pro NetJets. Any sort of factual comparisons to other companies or highlighting issues at NetJets (because there are issues there, believe me), constitutes burning bridges to him. I don't regret going to NetJets and I was happy to be gainfully employed by them for sure, but there will never be a thread on the union MB or APC that asks about NetJets, that he won't jump all over to show how awesome NetJets is from the perspective of a 16 year captain who upgraded in indoc.

Honestly it's people like him why many of the initial new hire classes post furlough feel like they were lied to. Lots of spin on things when you asked questions during the interview process. I think that had a lot to do with contract negotiations so now that the dust has settled from that, it's much easier to snapshot your future should you decide to go there.

...Power Rangers.

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...Power Rangers.

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Sorry for mentioning your name fly low... I have no idea how to edit a post in this board.

Mods, thanks for doing that for me. Can I get a quick tutorial on how to edit a post?

1. Ponies
2. Balloons
3. NetJets
4. Made up job offer
5. Made up job offer

Check out 29.3 of the contract. Anything above 20% per pay period will be matched in the true up by February 15th of the next year. This part hasn't changed since at least the 05 contract. I got the true up for my first 10 years with the company.

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I stand corrected, thank you! I just wish I could spare more than 20% right now...

Hence, the "broke every Thursday before payday" that I posted...

LOL!

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The retirement was a big disappointment to me when that contract came out. I wasn't expecting a pension or a 16% DC, but a smaller DC or a dollar for dollar match at the very least.

It's a better 401k than most jobs and better than lots of aviation jobs, but for an aviation company of its size, its way behind the rest

You'd think based on 251's comments that you guys get profit sharing or BH stock options.

He seems to care more about the profitability of the company than bettering the lives of the pilots there. "Great news, we are streamlining and eventually will be more efficient, to the detriment of 1500 SICs but at least we can keep working pilots into their 70s" (not a direct quote)

The irony is, the people leaving will do more for the next contract or IBB than those who hold a sign up, then at the 11th hour vote yes on a sub par CBA.

sorry...it is at the detriment to 1000 SICs.

Again with your concern for earnings, backing up my point that you act like the NJA pilots get profit sharing or stock options.

If you are going to be a company shill, you should at least try and camouflage it a little bit.

I don't care if NJA turns a profit of 1 cent so long as the pilots make bank.

NJA has had 2 in 53 years because they were a total bottom feeder that grossly underpaid pilots for decades. Ameriflight has furloughed once in its history. Why? Because it's been in constant desperate need of employees since it's creation. Not a great benchmark to use.

It's funny that you tell everyone else that they need a lesson about the history of the airline industry when you've watched several companies collapse and you can't see potential turmoil looking right into your eyes and you choose to completely ignore it.

In an earlier post, you said your health insurance premiums were $650/mo... ($7800/yr)

A 7-year NJ FO on the 7/7 can expect to gross $92,472.... By adding the $7800, am I assuming correctly you expect to gross somewhere North of $100,272 next year?

Factoring-in the 125% override for flight pay above 80hrs/month, you would have to earn at least 89hrs/month to reach that figure. (I thought I read somewhere that you are at Virgin now so I'm using their contract info)

If 90hrs/month is in fact an achievable number, and typical of your current schedules, how many days per month (including days spent commuting if any) do you typically work?

Thanks

* I know this is a thread-hijack, but the OP's question has already been answered several posts ago....

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