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01-19-2020, 05:47 AM

#21

A.FLOOR

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Joined APC: Aug 2013

Position: Light Chop Reporter

Posts: 318

Quote:

Originally Posted by Jungle Jim

Personally, I would love to see signing bonuses go away in favor of better payscales. Signing bonuses are so misleading, and the way they amortize them are just a form of golden handcuffs. If they improved the pay significantly enough across the board to keep bodies in the seat longer, they would have less attrition. The only way to do that is to make it less attractive to make a jump to an LCC or ACMI, which hard pay is the only way. If leaving for anything other than the big 3 (plus luv, brown, and purple) is more of a lateral move pay and QOL wise, not as many people would be itching to get out as quickly. That, I believe, is the secret sauce to retention. But I'm probably living in a fantasy world to ever see that come to fruition...

Finally someone said it! If you do the math they could roll the current bonus into a payscale and it would be an additional $10/hr increase on that alone, and the company wouldn't have even spent anymore money than they already are...

01-19-2020, 06:10 AM

#22

Jungle Jim

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Joined APC: Apr 2018

Position: Non-standard Phraseology Curator

Posts: 296

Quote:

Originally Posted by pilotnicco

The problem is most of these young and feeble newbies froth at the signing bonus without fully realizing how bad of a deal it really is. All the regionals are preying on these 20/21-year-old Cessna CFI's that have loads of debt racked up, need/want a cash infusion now just to find out later that the bonus really doesn't go that far. By the time they receive the whole amount over the current 3 year amortization schedule, they've lost a lot more potential pay because the scales are held down low to compensate for it. With better pay over those 3 years, more potential income is generated, productivity would be increased, and I'd bet the farm that YX would have stacks of new recruits a la how 9E did when they blew the doors off payscales a few years back. But for a lot of these guys that have never made a significant financial decision on their own to this point in their life, the overall value of better base pay is often lost over the enticing big number carrot held out in front of them at the onset. I wish that sort of disclaimer was posted on the front page of every regional pilot union's welcome packet.

Oh and if you decide to leave the company within those 3 years, they will be coming after their bonus. Take note, recruits.

01-19-2020, 07:29 AM

#23

GHawk

Gets Weekends Off

Joined APC: Jul 2018

Posts: 259

Given the relatively small bonus (compared to some other regionals) and the unusually extended timeline for receiving it, I don't think that Republic is really attracting the bonus chasers. For me personally, I found the bonus to be a nice addition but it was a small factor in my decision. I think the goal of the CBA should be to increase pay rates to a level that might make the decision to jump to a LCC more difficult and encourage pilots to wait around long enough for the call from one of their top choices. I don't know what the average longevity of pilots on property is, but I have to think that potentially increasing the average stay a year or two could be a substantial advantage.