PSA info
11-11-2016 | 06:05 PM
#4931
Gets Weekends Off
Joined: Sep 2013
Posts: 842
Likes: 0
I agree that jumping ship from regional to regional just for a signing bonus is unethical and will require explaining during an interview in the future. And for the record, I am not advocating anyone should do that at all.
However, someone who signs a training contract is also free to leave when they wish to do so. They just have to pay back the "calculated" cost of training.
So I suppose the wholly owned give people the option to either take the signing bonus or decline? The only problem with that is that it becomes immediately clear that the applicant has reservations of being on the property beyond the two-year mark if they don't accept the bonus.
However, someone who signs a training contract is also free to leave when they wish to do so. They just have to pay back the "calculated" cost of training.
So I suppose the wholly owned give people the option to either take the signing bonus or decline? The only problem with that is that it becomes immediately clear that the applicant has reservations of being on the property beyond the two-year mark if they don't accept the bonus.
11-11-2016 | 06:21 PM
#4932
Gets Weekends Off
Joined: Sep 2016
Posts: 755
Likes: 0
I agree that jumping ship from regional to regional just for a signing bonus is unethical and will require explaining during an interview in the future. And for the record, I am not advocating anyone should do that at all.
However, someone who signs a training contract is also free to leave when they wish to do so. They just have to pay back the "calculated" cost of training.
So I suppose the wholly owned give people the option to either take the signing bonus or decline? The only problem with that is that it becomes immediately clear that the applicant has reservations of being on the property beyond the two-year mark if they don't accept the bonus.
However, someone who signs a training contract is also free to leave when they wish to do so. They just have to pay back the "calculated" cost of training.
So I suppose the wholly owned give people the option to either take the signing bonus or decline? The only problem with that is that it becomes immediately clear that the applicant has reservations of being on the property beyond the two-year mark if they don't accept the bonus.
If it were me, I would put that bonus money in a savings account. Leave it there for a little while until you think you will stay at PSA for the full time. Or, if you leave, so somewhere that has a similar bonus and use the new bonus to pay off the old one.
Just because they give you the money doesn't mean that you need to spend it right away.
Or, if you have high interest loans (credit card/student loans), then pay that off and start a savings account with what you would have been paying for the loans. That way, you are saving a great deal of money on interest and paying it to yourself.
Last edited by PSA help; 11-11-2016 at 06:38 PM.
11-11-2016 | 06:21 PM
#4933
They pay me to wait
Joined: Jul 2016
Posts: 112
Likes: 0
From: CRJ
It's true that you don't have to accept the bonus. You still get your regular pay, etc. Then after 1 year, it is prorated. So if you stay a year and a half, you would have to pay back 1/4 of it. (it's prorated by the month)
If someone isn't sure they're going to stay the two years, the prudent thing to do would be to park it in the bank until you've qualified for it. Since I need to get the 1000 hrs sic time, I'm not going anywhere early so it was a non issue for me to sign it.
If someone isn't sure they're going to stay the two years, the prudent thing to do would be to park it in the bank until you've qualified for it. Since I need to get the 1000 hrs sic time, I'm not going anywhere early so it was a non issue for me to sign it.
11-11-2016 | 06:26 PM
#4934
Gets Weekends Off
Joined: Feb 2012
Posts: 4,601
Likes: 0
From: CRJ FO
I agree that jumping ship from regional to regional just for a signing bonus is unethical and will require explaining during an interview in the future. And for the record, I am not advocating anyone should do that at all.
However, someone who signs a training contract is also free to leave when they wish to do so. They just have to pay back the "calculated" cost of training.
So I suppose the wholly owned give people the option to either take the signing bonus or decline? The only problem with that is that it becomes immediately clear that the applicant has reservations of being on the property beyond the two-year mark if they don't accept the bonus.
However, someone who signs a training contract is also free to leave when they wish to do so. They just have to pay back the "calculated" cost of training.
So I suppose the wholly owned give people the option to either take the signing bonus or decline? The only problem with that is that it becomes immediately clear that the applicant has reservations of being on the property beyond the two-year mark if they don't accept the bonus.
11-11-2016 | 06:35 PM
#4935
Gets Weekends Off
Joined: Sep 2013
Posts: 842
Likes: 0
You are free to not take the bonus. You will still get paid more than at other regionals.
If it were me, I would put that bonus money in a savings account. Leave it there for a little while until you think you will stay at PSA for the full time. Or, if you leave, so somewhere that has a similar bonus and use the new bonus to pay off the old one.
Just because they give you the money doesn't mean that you need to spend it right away.
Or, if you have high interest loans (credit card/student loans), then pay that off and start a savings account with what you would have been paying for the loans. That way, you are saving a great deal of money on interest and paying it to yourself.
If it were me, I would put that bonus money in a savings account. Leave it there for a little while until you think you will stay at PSA for the full time. Or, if you leave, so somewhere that has a similar bonus and use the new bonus to pay off the old one.
Just because they give you the money doesn't mean that you need to spend it right away.
Or, if you have high interest loans (credit card/student loans), then pay that off and start a savings account with what you would have been paying for the loans. That way, you are saving a great deal of money on interest and paying it to yourself.
11-11-2016 | 06:39 PM
#4936
They pay me to wait
Joined: Jul 2016
Posts: 112
Likes: 0
From: CRJ
Thanks for the correction on that pay scale. Why will deliveries affect the pay? Not sure I understand that. Does it have to do with the "blended" rate? I've been told they'll also bring some of the parked 200's back on line when they get enough crew, so not sure the ratio will change.
11-11-2016 | 06:41 PM
#4937
Gets Weekends Off
Joined: Sep 2016
Posts: 755
Likes: 0
Thanks for the correction on that pay scale. Why will deliveries affect the pay? Not sure I understand that. Does it have to do with the "blended" rate? I've been told they'll also bring some of the parked 200's back on line when they get enough crew, so not sure the ratio will change.
Our pay rate is a ratio of 200's/700's/900's. So, if we add higher paying airplanes (700's and 900's), then our blended pay rate goes up.
11-11-2016 | 07:12 PM
#4938
Gets Weekends Off
Joined: Sep 2014
Posts: 1,244
Likes: 0
The 200's are not officially parked. They are just in "maintenance". Some needed heavy checks, some needed engines, and all of the 200's are getting all new interiors. As we add staff, they will come out of "maintenance" and start flying the line again.
Our pay rate is a ratio of 200's/700's/900's. So, if we add higher paying airplanes (700's and 900's), then our blended pay rate goes up.
Our pay rate is a ratio of 200's/700's/900's. So, if we add higher paying airplanes (700's and 900's), then our blended pay rate goes up.
Yes, those engines will magically reappear onto the 200's once staffing improves.
11-11-2016 | 09:10 PM
#4939
Gets Weekends Off
Joined: Oct 2015
Posts: 221
Likes: 0
You are going to pay for it (and the rest of your uniforms) no matter how you make the purchase. The only advantage to buying stuff through the company vendor is the ability to make interest free payments over time. My advice would be to find the bag you want for the cheapest price and buy it... if you can afford the up front cost and don't need to spread it out.
11-12-2016 | 07:03 AM
#4940
Line Holder
Joined: Aug 2007
Posts: 97
Likes: 0
So if the company gives a new hire $15k to sign on, and they bail after a few months, do they pay back $15k or just the $10k or whatever was deposited into their account after taxes? Something to think about for those who are thinking about doing the sign on and bail thing......not a good idea either way.
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