Performance plus pay out
#32
Banned
Joined: Dec 2007
Posts: 2,934
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From: EMB 145 CPT
Right, so I never understand why people keep calling something that it isn't. Why can't people call it what it actually is, terms of employment? I mean, when I worked at AMF, I NEVER heard any pilot call our terms of employment a "contract." Must be something in the SKW kool aid.
There are many other factors other than pilot compensation that go into the equation of profit. Having safety systems such as FOQA and ASAP (with an enforceable MOU) for example, since that's been a very sensitive topic with congress lately.
Anyways, I only mention it because this was brought up with the SKW attempt to purchase XJT. SKW wanted to do away with the XJT defined contribution plan (guaranteed pay just like your pay rate) and implement their performance bonuses along with pay rate concession to bring them in line with total SKW compensation.
I'm totally for this type of compensation. I think its a great idea. But not at the expense of other guaranteed compensation you would get otherwise.

Agreed 100%. ASA and SKYW payscales/401k seem to be in line with the majority of other regionals.
If I was at a publicly traded company like SKYW I would prefer to have a bonus based on financial performance while having a payscale in line with everyone else. If the company performs well and makes a profit I know I am going to see some benefit from that. If the company loses money I know the labor costs aren't the reason and mgmt has nobody to blame but themselves. Having the highest payscale isnt a great position to be in, ask UAL/DAL how that worked for them pre-9/11.
If I was at a publicly traded company like SKYW I would prefer to have a bonus based on financial performance while having a payscale in line with everyone else. If the company performs well and makes a profit I know I am going to see some benefit from that. If the company loses money I know the labor costs aren't the reason and mgmt has nobody to blame but themselves. Having the highest payscale isnt a great position to be in, ask UAL/DAL how that worked for them pre-9/11.
Anyways, I only mention it because this was brought up with the SKW attempt to purchase XJT. SKW wanted to do away with the XJT defined contribution plan (guaranteed pay just like your pay rate) and implement their performance bonuses along with pay rate concession to bring them in line with total SKW compensation.
I'm totally for this type of compensation. I think its a great idea. But not at the expense of other guaranteed compensation you would get otherwise.
Last edited by Nevets; 08-06-2009 at 01:51 PM.
#34
2Q09 = $986
As for the "contract"..............Blah Blah Blah. It's an agreement or a policy or whatever you want to call it. They can change it at anytime without even taking to us. As a matter of fact they did. Our Performance Rewards standards were raised to make them harder to obtain. The 1Q09 was our first Q under the new standards and it showed, my check is cut by nearly 40% but we are now achieving the new standards and our check are back on par………….that is until they raise the bar again.
As for thinking about them………..no, I don’t. I just do my job as safely as I can and what happens, happens.
As for the "contract"..............Blah Blah Blah. It's an agreement or a policy or whatever you want to call it. They can change it at anytime without even taking to us. As a matter of fact they did. Our Performance Rewards standards were raised to make them harder to obtain. The 1Q09 was our first Q under the new standards and it showed, my check is cut by nearly 40% but we are now achieving the new standards and our check are back on par………….that is until they raise the bar again.
As for thinking about them………..no, I don’t. I just do my job as safely as I can and what happens, happens.
#35
To the SKW guys:
I know I am grateful for being under the SKW Inc. umbrella and I'm certainly grateful for $277 net on this bonus. So I don't want this to come across as complaining. But the reason some ASA guys are a little upset about our bonuses compared to yours is because our earnings go into the same pot. After the 1Q earnings call your CFO mentioned that the ASA furloughs hadn't yet made their expected impact to the bottom line. That is why there was no financial payout last quarter. Now the profit margin is sufficient for a payout and you all get twice as much when our furloughs likely aided the profit margin enough to deserve a payout.
We would just like to see it all a little more even considering we both rely on eachother to earn these bonuses. No gripe with the pilots, just in general. Bonuses on both sides are well deserved.
I know I am grateful for being under the SKW Inc. umbrella and I'm certainly grateful for $277 net on this bonus. So I don't want this to come across as complaining. But the reason some ASA guys are a little upset about our bonuses compared to yours is because our earnings go into the same pot. After the 1Q earnings call your CFO mentioned that the ASA furloughs hadn't yet made their expected impact to the bottom line. That is why there was no financial payout last quarter. Now the profit margin is sufficient for a payout and you all get twice as much when our furloughs likely aided the profit margin enough to deserve a payout.
We would just like to see it all a little more even considering we both rely on eachother to earn these bonuses. No gripe with the pilots, just in general. Bonuses on both sides are well deserved.
#36
To the SKW guys:
I know I am grateful for being under the SKW Inc. umbrella and I'm certainly grateful for $277 net on this bonus. So I don't want this to come across as complaining. But the reason some ASA guys are a little upset about our bonuses compared to yours is because our earnings go into the same pot. After the 1Q earnings call your CFO mentioned that the ASA furloughs hadn't yet made their expected impact to the bottom line. That is why there was no financial payout last quarter. Now the profit margin is sufficient for a payout and you all get twice as much when our furloughs likely aided the profit margin enough to deserve a payout.
We would just like to see it all a little more even considering we both rely on eachother to earn these bonuses. No gripe with the pilots, just in general. Bonuses on both sides are well deserved.
I know I am grateful for being under the SKW Inc. umbrella and I'm certainly grateful for $277 net on this bonus. So I don't want this to come across as complaining. But the reason some ASA guys are a little upset about our bonuses compared to yours is because our earnings go into the same pot. After the 1Q earnings call your CFO mentioned that the ASA furloughs hadn't yet made their expected impact to the bottom line. That is why there was no financial payout last quarter. Now the profit margin is sufficient for a payout and you all get twice as much when our furloughs likely aided the profit margin enough to deserve a payout.
We would just like to see it all a little more even considering we both rely on eachother to earn these bonuses. No gripe with the pilots, just in general. Bonuses on both sides are well deserved.
#37
New Hire
Joined: May 2009
Posts: 2
Likes: 0
At Skywest we are given the Skywest Inc. net margin and just the Skywest Airlines net margin. The payout is just the Skywest Airlines net margin. We are not paid by the ASA net margin.
From what I have read on here and the few pilots I have spoken to the goals are not a daily concern. However, most customer service, ground handlers, and line mechanics are concerned with these goals on a daily basis. We have goals to meet and strive to achieve them. Safety first in all situations.
$1550 gross 10y mechanic
From what I have read on here and the few pilots I have spoken to the goals are not a daily concern. However, most customer service, ground handlers, and line mechanics are concerned with these goals on a daily basis. We have goals to meet and strive to achieve them. Safety first in all situations.
$1550 gross 10y mechanic
#38
Gets Weekends Off
Joined: Aug 2008
Posts: 268
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#40
Gets Weekends Off
Joined: Sep 2007
Posts: 133
Likes: 0
I'm sick of this "your lucky" stuff. Ya were going to complain. We at ASA make a lot of money for SKW, they're lucky to have the cash we make in their pocket. It's pretty sad that when pilots consider themselves lucky for having a job and not getting beat with a stick everyday.
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