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Old 07-07-2017 | 02:10 AM
  #2241  
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Meanwhile the XL/S lamented, and not getting the love ,soldiers on, life continuing to improve on the Sky road whilst the hot new fleets ( Latitude,350) gather steam, and refuse to break, I'm sticking with the old girl till displacement, archaic glass, Commodore 64 processor , and all : )
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Old 07-20-2017 | 03:34 PM
  #2242  
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Any hiring into the Hawker? How long until they are phased out?
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Old 07-20-2017 | 03:59 PM
  #2243  
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No hiring into the hawker. They will all be gone by the end of 2018.
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Old 07-27-2017 | 04:39 PM
  #2244  
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So what could a new hire realistically expect to gross in their first year on the 7 & 7 schedule considering all the soft pay etc?
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Old 07-27-2017 | 05:14 PM
  #2245  
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Originally Posted by Das Auto
So what could a new hire realistically expect to gross in their first year on the 7 & 7 schedule considering all the soft pay etc?
Most people just add 10% (although it is not guaranteed).

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Old 07-27-2017 | 05:27 PM
  #2246  
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Originally Posted by Das Auto
So what could a new hire realistically expect to gross in their first year on the 7 & 7 schedule considering all the soft pay etc?
You'll be forced on the higher-paying 18-day Training Schedule and then the 72-day schedule for the first few months. Call it four months, with the remaining eight months on the 7/7. So that'd be $67114 gross, plus I'd guess around 7% for things like overtime and holiday pay. I'd estimate around $72K gross for the first year. Year 2, if you did it all on the 7/7, would be around $70K. (I use 7% as that's about what I averaged. It was very rare for me to see 10% in soft money.)

If you can afford to put money into the 401K (highly recommended), the company will match 52% of what you put in, up to 20% of your gross pay. So while it will hurt a bit short-term, investing as much as you could would gain you another ~$7500 in total compensation in the form of the 401K match. Just something to consider.
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Old 07-27-2017 | 06:07 PM
  #2247  
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Originally Posted by CA1900
You'll be forced on the higher-paying 18-day Training Schedule and then the 72-day schedule for the first few months. Call it four months, with the remaining eight months on the 7/7. So that'd be $67114 gross, plus I'd guess around 7% for things like overtime and holiday pay. I'd estimate around $72K gross for the first year. Year 2, if you did it all on the 7/7, would be around $70K. (I use 7% as that's about what I averaged. It was very rare for me to see 10% in soft money.)

If you can afford to put money into the 401K (highly recommended), the company will match 52% of what you put in, up to 20% of your gross pay. So while it will hurt a bit short-term, investing as much as you could would gain you another ~$7500 in total compensation in the form of the 401K match. Just something to consider.
Good info. Thanks for the response. Any idea on the 401k vesting schedule? Would you loose the company match if you left in a couple of years?
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Old 07-27-2017 | 06:24 PM
  #2248  
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Originally Posted by Das Auto
Good info. Thanks for the response. Any idea on the 401k vesting schedule? Would you loose the company match if you left in a couple of years?
Not 100% sure. I thought I recalled a vesting schedule, but see nothing in the CBA about it. It lists only a non-discretionary match.
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Old 07-27-2017 | 06:41 PM
  #2249  
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Originally Posted by Das Auto
Good info. Thanks for the response. Any idea on the 401k vesting schedule? Would you loose the company match if you left in a couple of years?
I can't recall the schedule off the top of my head, but it's incremental with full vesting after 6 years.
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Old 07-27-2017 | 06:56 PM
  #2250  
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Originally Posted by eglplt
I can't recall the schedule off the top of my head, but it's incremental with full vesting after 6 years.
No doubt the benefits package at NetJets is very attractive. Got to be in for the long haul though I guess.
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