Search
Notices
NetJets Fractional Operator

Netjets latest & greatest:

Thread Tools
 
Search this Thread
 
Old 01-18-2017, 03:23 PM
  #1421  
Gets Weekends Off
 
Joined APC: Dec 2014
Posts: 216
Default

Originally Posted by BuckeyeFO View Post
Not the full explanation though. There is a schedule for vesting of the company match.

1 year of service: 0% vested
2 years of service: 20% vested
3 years of service: 40% vested
4 years of service: 60% vested
5 years of service: 80% vested
6 years of service: 100% vested

To get any money from the company, you'll need to stay at least 2 years. As most post-furlough hires will tell you, your goal should be to get Zero 401k match because you've left for a better job ASAP.
Good point. 401k matching is only for those that actually want to spend some quality time at NetJets. If you're just passing through...

Then again, many folks at NJA thought they were doing just that and stayed quite a while.
Marko is offline  
Old 01-18-2017, 04:46 PM
  #1422  
Line Holder
 
Joined APC: Oct 2016
Position: Corporate pilot,G2,G3,G4,C560, SD-3,EMB 505
Posts: 32
Default

Originally Posted by Marko View Post
Currently company matches 52% of employee contribution (up to 20% per check) until IRS max is reached. If you contribute more that 20% per check, the rest of the match is deposited in January of the following year.
Ok for those of us who need simple math ,if I contribute 20% of my gross pay to the 401k the company's contribution is effectively 10% of my gross pay .which I only get after staying 6 years .If i separate prior to 6 years I receive a percent of their contribution.
Correct?
Heywood2 is offline  
Old 01-18-2017, 04:49 PM
  #1423  
Line Holder
 
Joined APC: Jan 2015
Posts: 63
Default

It is absolutely fascinating how "narrow minded" some people are in these forums......

Why in the world do some of you consistently try to make NetJets look bad just because it is not working out here for you personally?

If itīs not your thing, thatīs fine, point taken. There are a lot of "negatives" compared to other places.
As they say on "SWA/DAL/AAL....."thanks for choosing us, we know you have many choices"......
And so do all of us....luckily at the moment. Go do your thing at SWA or DAL and cash in the paycheck and all the great 401k. Itīs fair game.
But give others a fair chance to make a decision to sign up for NetJets or not.

All I can tell you guys that are interested in joining the NetJets team, I like it here and everyone treats me fair and with respect. Of course always in the scope of the contract and what is legal for the company. And, unfortunately that means 14hrs duty with a 10hr turn every once in a while.
(btw...my average daily duty time for 2016 was 9.4 hrs and 2.4 hrs of flight time a day....)

And the fact that we donīt make the same money as the "big ones" and that we have to clean the lav and wipe fingerprints should be known to everybody before they even apply.
So *****ing about it after I sign up for the ride is extremely annoying to me.

Are there better deals out there? Absolutely, no doubt at all.
So for the ones that are soooo unhappy in the "Hell of NetJets", please, please quit and go and smell the roses. You deserve it.....

And guys, before you get started........
- Iīve been around the block for a while
- I have the turbine PIC time and contacts for the Majors
- I have no violations or DUIīs
- I saw the salary before I signed up
- I did my research about QOL before I signed up
- I did the math with upgrade options (I know it will NEVER happen...I
know....weīve been told by the "proīs" in this forum - NEVER)
- I was absolutely mentally fit when I made the decision to come here

And...surprise, surprise..... I like it.....it suits "MY LIFESTYLE", I manage to work with the pay, I give a ratīs ass about cleaning the Lav and loading the bags...itīs a joke....and, for the oneīs who really like to fly airplanes, this place will give you something no Airline will ever give you.
Lucky for me that I still love to do what I started doing 25+ years ago....flying airplanes.
RhinoDriverF4F is offline  
Old 01-19-2017, 04:50 AM
  #1424  
Gets Weekends Off
 
Joined APC: Jul 2016
Posts: 110
Default

Originally Posted by Heywood2 View Post
Ok for those of us who need simple math ,if I contribute 20% of my gross pay to the 401k the company's contribution is effectively 10% of my gross pay .which I only get after staying 6 years .If i separate prior to 6 years I receive a percent of their contribution.
Correct?
No that's incorrect. The Company will match 52% of what you contribute. If you are under 50 you are capped at 18k so the Company will contribute a little more than 9k.

This is one of the reasons it was a no brainer for me to leave 18 years at NJA and start over.
Finny McCool is offline  
Old 01-19-2017, 06:36 AM
  #1425  
Gets Weekends Off
 
Joined APC: Dec 2016
Posts: 224
Default

Originally Posted by RhinoDriverF4F View Post
It is absolutely fascinating how "narrow minded" some people are in these forums......

Why in the world do some of you consistently try to make NetJets look bad just because it is not working out here for you personally?
It isn't just "not working out" for me.
It is "not working out" for almost everyone who was hired in 2015 and later.

To you more-senior guys, congrats. But the "new hires", we are falling over ourselves to leave.

So either:
A) NetJets (who claimed to have 1000's of apps) chose just a bunch of ungrateful pilots who will never be happy anywhere
OR
B) The job is not competitive for new-hires compared to a lot of the options out there

So your response of "please quit and go and smell the roses". I am. I'm gone. Notice given, out the door. And I'll be replaced (or not replaced since we don't hire pilots anymore) with someone who will come to the same conclusion as me, my classmates, and almost everyone hired since hiring restarted in 2015.
BuckeyeFO is offline  
Old 01-19-2017, 06:45 AM
  #1426  
Gets Weekends Off
 
Joined APC: Nov 2014
Posts: 162
Default

Originally Posted by BuckeyeFO View Post
It is "not working out" for almost everyone who was hired in 2015 and later.
The cutoff is closer to 2005...if your hire date is anything after that (and you're not already a PIC), you're screwed. You'll NEVER see the left seat of anything, not ever. It's a mathematical certainty, despite what some delusional underachievers on these boards might think.
Nachomamma is offline  
Old 01-19-2017, 07:39 AM
  #1427  
Gets Weekends Off
 
Chris99's Avatar
 
Joined APC: Jan 2007
Position: B717 CA
Posts: 447
Default

Originally Posted by Nachomamma View Post
The cutoff is closer to 2005...if your hire date is anything after that (and you're not already a PIC), you're screwed. You'll NEVER see the left seat of anything, not ever. It's a mathematical certainty, despite what some delusional underachievers on these boards might think.
I don't have a rosy outlook on NJs, but there will eventually be upgrades. It may be ten years down the road, but they will certainly happen.

Sent from my Nexus 5X using Tapatalk
Chris99 is offline  
Old 01-19-2017, 08:03 AM
  #1428  
Gets Weekends Off
 
Joined APC: Dec 2016
Posts: 224
Default

Originally Posted by Nachomamma View Post
The cutoff is closer to 2005...if your hire date is anything after that (and you're not already a PIC), you're screwed. You'll NEVER see the left seat of anything, not ever. It's a mathematical certainty, despite what some delusional underachievers on these boards might think.
It is not working out for the 2005-2008 hires, you are correct (06-08 particularly). Unfortunately, after spending almost a decade or more at NetJets, too many are just comfortable enough and have just enough hope in a 135 rewrite to stick it out.
BuckeyeFO is offline  
Old 01-19-2017, 03:36 PM
  #1429  
Gets Weekends Off
 
Joined APC: Feb 2006
Position: C47 PIC/747-400 SIC
Posts: 2,100
Default

Does that mean you won't be posting here anymore ? : ) Seriously though the best of luck to you in all future endeavors, live long and prosper , cheers out !!!
727C47 is offline  
Old 01-19-2017, 04:33 PM
  #1430  
Line Holder
 
Joined APC: Jan 2015
Posts: 63
Default

Originally Posted by BuckeyeFO View Post
It isn't just "not working out" for me.
It is "not working out" for almost everyone who was hired in 2015 and later.

To you more-senior guys, congrats. But the "new hires", we are falling over ourselves to leave.

So either:
A) NetJets (who claimed to have 1000's of apps) chose just a bunch of ungrateful pilots who will never be happy anywhere
OR
B) The job is not competitive for new-hires compared to a lot of the options out there

So your response of "please quit and go and smell the roses". I am. I'm gone. Notice given, out the door. And I'll be replaced (or not replaced since we don't hire pilots anymore) with someone who will come to the same conclusion as me, my classmates, and almost everyone hired since hiring restarted in 2015.
Well that is unfortunate. But I ask myself, based on what information did people apply and accept the job in 2015 and later??
All vital information was available......pay, schedule, vacation, 401k, seniority etc. etc etc.
Itīs not like NetJets is holding back information and then hit you over the head with a baseball bat once you are hired.
The workload on the road would have been something I would have researched a bit more if I were you. That might be a bit of a "shocker" for some guys who donīt expect that kind of pace.

And...wasnīt SWA, DAL, UAL, AAL etc hiring in 2015? Would have been an option right away, correct? What made you choose NetJets over the Majors?
Or you could have stayed at your previous gig until the Majors call you.....so why did you leave to come to NetJets?

But you have found a better deal, thatīs good. Hope all goes well for you. Just donīt make this place miserable for all the good guys out there who would like to work here.

All new applicants, please, please, please get in touch with a NetJets pilot or two before you accept the job. Get a real good insight about what this ops is all about. Do yourself that favor before you commit.
RhinoDriverF4F is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Sata 4000 RP
NetJets
0
06-03-2013 10:44 AM
Bucking Bar
Major
14
08-31-2011 03:02 AM
Mason32
Regional
270
07-27-2010 06:01 PM
Scott34567
Regional
39
05-29-2008 07:08 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices