Training dates/new hires
09-11-2018 | 09:23 AM
#22
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Joined: Jun 2008
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Yeah, but profit sharing is based on a percentage of your qualified wages. So if you start in December you will be eligible for profit sharing but, you will only get 10-14 percent of what you worked for the entire year, ie. December. So, your profit sharing will equal a couple hundred dollars. Not that big of deal in the grand scheme of things.
However, I echo what everyone has said and take the earliest class you can, just don't let the lack of profit sharing for one month be one of your main considerations.
However, I echo what everyone has said and take the earliest class you can, just don't let the lack of profit sharing for one month be one of your main considerations.
09-11-2018 | 09:48 AM
#23
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Joined: Sep 2006
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Suppose you're hired January 4, 2019. You don't get profit sharing for the entire 2019. Lame, I know...
You're off probation in January 2020 and conversely, 2020 is the first year you were employed from January 1 until the end of the year making you eligible for profit sharing. Now, if profit sharing is paid in March, you don't see your 2020 profit sharing until March 2021.
26 months on the property, and a 3rd year FO.
Moral of the story... get into December class if at all possible.
You're off probation in January 2020 and conversely, 2020 is the first year you were employed from January 1 until the end of the year making you eligible for profit sharing. Now, if profit sharing is paid in March, you don't see your 2020 profit sharing until March 2021.
26 months on the property, and a 3rd year FO.
Moral of the story... get into December class if at all possible.
Anyway, I can only add to the chorus telling everyone to take the earliest possible class date. I got moved up at a previous carrier and it actually made a significant difference in QOL as much of my time spent there was during the doldrums of the 2000s and 2010s and being even a dozen numbers higher was not insignificant in bidding terms and upgrade time.
Definitely take the earliest class date unless there is a really, really good reason not to do so.
09-11-2018 | 09:49 AM
#24
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Joined: Aug 2015
Posts: 997
Likes: 68
Yeah, but profit sharing is based on a percentage of your qualified wages. So if you start in December you will be eligible for profit sharing but, you will only get 10-14 percent of what you worked for the entire year, ie. December. So, your profit sharing will equal a couple hundred dollars. Not that big of deal in the grand scheme of things.
09-11-2018 | 10:57 AM
#25
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Joined: Jun 2008
Posts: 40
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That's not correct, you only eligible for profit share when you work a full calendar year. That's why posters are telling someone with a potential Jan class to try and get to Dec, if you start in Jan 2019, no profit share for any of 2019. If you start just a month earlier, in Dec 2018, full profit share for 2019. Could easily be a $6-12k difference in first year earnings depending on PS percent and how hard you work.
09-12-2018 | 02:08 PM
#26
Gets Weekends Off
Joined: Oct 2006
Posts: 3,655
Likes: 301
I was hired the tail end of 2015. Got a profit sharing check in 2017 for $11k or so for 2016 wages. Buddy took a 1/6 class due to a trip he wanted to take before class. He keeps saying that that ended up being a really expensive trip (due to not getting any profit sharing for 2016).
09-12-2018 | 02:32 PM
#27
— No Relief On Scope —
Joined: Mar 2015
Posts: 4,531
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From: B737 Left Seat
I was hired the tail end of 2015. Got a profit sharing check in 2017 for $11k or so for 2016 wages. Buddy took a 1/6 class due to a trip he wanted to take before class. He keeps saying that that ended up being a really expensive trip (due to not getting any profit sharing for 2016).
09-12-2018 | 05:40 PM
#28
Gets Weekends Off
Joined: Oct 2006
Posts: 3,655
Likes: 301
09-13-2018 | 11:08 AM
#30
Thread Starter
On Reserve
Joined: Jul 2018
Posts: 11
Likes: 0
Dates?
Still no training date news for January. Just wondering if anyone knew if there are more than 1 new hire class in Nov.? I believe only 1 class in Dec. too. I will take first available I can get, and would like to keep any hope for earlier dates in the radar. Thx
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