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Old 03-25-2016 | 08:51 AM
  #61  
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Originally Posted by Rob12345
So looking at the chart,

Why would anyone choose anyone other than Endevor except for base location?
Good point. I interviewed and got the job offers only with the top 3 on your chart. I chose C5 because I live 15 mins from base.
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Old 03-25-2016 | 05:22 PM
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UPDATED to correct for GoJet bonus that is no longer offered due to a new contract.

Some might find this helpful.

This is APC pay rates and bonuses pulled into one place for convenience. For hourly rates, if there were different rates for different A/C Types, a blended rate was used to keep it simple. Same thing for bonuses.

Every contract is different so this graph is only a starting point. Educate yourself on the different work rules and contracts which can affect your pay and QOL.

Some considerations:
Cancellation pay, DH pay, per diem, schedule flexibility, schedule quality, time on reserve, reserve schedules, time to upgrade, hotel quality, insurance/other benefits, commuter QOL issues, how many commuter hotels are offered (if any), Is a training contract required, etc.

Be aware that recruiters are selling a quick upgrade at many regionals, when the quick upgrade is possibly over. Upgrades can only happen if they can hire enough FOs to fill the right seat behind you. And I think we all see the writing on the wall, that that is becoming more difficult for every regional by the day. So just make sure that if you do get stuck in the right seat for a while, that your bank account can withstand it.



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Old 03-25-2016 | 06:45 PM
  #63  
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Awesome thread thanks for the updates
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Old 03-26-2016 | 02:47 AM
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Originally Posted by 93Sierra
Awesome thread thanks for the updates
Big Thanks for all the work you are doing to help keep current and prospective Pilots informed.

I think it's very important to look at what your compensation is gong to be, if you get stuck in the right seat at a quick upgrade Company.

I'm dying where I'm at and I'm shopping. Thanks for the hard work.
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Old 03-26-2016 | 05:05 AM
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Very well put together and informative. You put lots of hard work into this. One thing you need to be wary of is that bonuses are taxed at almost 50%... Yes, I know this is just a gross salary graph, but you might want to consider the "bonus-factor" for each airline. Example- Endeavor pays $23k for 3 years(I think). That's $69k out of your $158k. That's 44% of your salary due to bonuses... So your take-home before normal taxes is really only around ~$125k. Granted, Endeavor still comes out on top, but just something to consider.
(Unbiased ACMI guy here)
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Old 03-26-2016 | 05:41 AM
  #66  
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Originally Posted by sandrich
Very well put together and informative. You put lots of hard work into this. One thing you need to be wary of is that bonuses are taxed at almost 50%... Yes, I know this is just a gross salary graph, but you might want to consider the "bonus-factor" for each airline. Example- Endeavor pays $23k for 3 years(I think). That's $69k out of your $158k. That's 44% of your salary due to bonuses... So your take-home before normal taxes is really only around ~$125k. Granted, Endeavor still comes out on top, but just something to consider.
(Unbiased ACMI guy here)
This is completely wrong. Any bonus is withheld at some high rate (it's not 50%, I believe it's 25% federal + whatever your state levies), but at the end of the year it is factored into your overall income and actually taxed at whatever your actual tax rate is. Thus for most people they won't see the full amount of the bonus until they get their refund for that tax year, but you will see the right amount of money in the end.
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Old 03-26-2016 | 05:42 AM
  #67  
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Originally Posted by sandrich
Very well put together and informative. You put lots of hard work into this. One thing you need to be wary of is that bonuses are taxed at almost 50%... Yes, I know this is just a gross salary graph, but you might want to consider the "bonus-factor" for each airline. Example- Endeavor pays $23k for 3 years(I think). That's $69k out of your $158k. That's 44% of your salary due to bonuses... So your take-home before normal taxes is really only around ~$125k. Granted, Endeavor still comes out on top, but just something to consider.
(Unbiased ACMI guy here)
Thanks for the feedback.

It's true that when bonuses are paid they are taxed at a higher rate than your normal pay. But at the end of the year it is taxed at your normal income tax rate, so if you paid more than your normal tax rate, you will get the difference in your refund. So it is all apples to apples making the numbers here accurate.

Thanks again for the feedback and I'm glad you find this helpful.
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Old 03-26-2016 | 06:49 AM
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Originally Posted by tennisguru
This is completely wrong. Any bonus is withheld at some high rate (it's not 50%, I believe it's 25% federal + whatever your state levies), but at the end of the year it is factored into your overall income and actually taxed at whatever your actual tax rate is. Thus for most people they won't see the full amount of the bonus until they get their refund for that tax year, but you will see the right amount of money in the end.
Valid point. I stand corrected. I was just being conservative... I just remember at RAH I only saw half of my bonus check... Not to mention if you get a bonus on year 3, you'd have to wait until year 4 to get the taxes back from it. Idk, I just hate trying to get my money back from the IRS... ;-)
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Old 03-26-2016 | 06:55 AM
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Originally Posted by sandrich
Valid point. I stand corrected. I was just being conservative... I just remember at RAH I only saw half of my bonus check... Not to mention if you get a bonus on year 3, you'd have to wait until year 4 to get the taxes back from it. Idk, I just don't like lumping bonuses into hourly compensation, id prefer airlines just make contractual wages higher.... I also hate trying to get my money back from the IRS, too ;-)
All said and done, just about 35% of my bonus check is withheld at Endeavor. I saw a substantial amount of that return on my taxes when I filed. I withheld at the single rate, married, and no kids.
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Old 03-26-2016 | 07:07 AM
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Originally Posted by CFin
All said and done, just about 35% of my bonus check is withheld at Endeavor. I saw a substantial amount of that return on my taxes when I filed. I withheld at the single rate, married, and no kids.
Yea realized that after I sent it. I'd just hate to get that bonus in January and have to wait until the following Feb/March to see the remaining 30%.... But a $10k tax return sounds pretty nice, too.
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