Attrition
09-11-2022 | 10:51 AM
#2001
Gets Weekends Off
Joined: Dec 2009
Posts: 1,464
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Where did you pull these numbers from? Certainly not my posting. And yes, I’d rather have a steep slope upwards because the rate of increase ACCELERATES with time. A 5% per year per year seniority increase over the course of even the first 12 years gives a 1.8 TIMES first year CA or FO salary PLUS all the annual increases because of compound interest. Obviously, you don’t understand compound interest, but you might be able to find a Middle schooler who could explain it to you.
It’s why we have 401ks and IRAs for crying out loud.
It’s why we have 401ks and IRAs for crying out loud.
Obviously you don't get easy math either.
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09-11-2022 | 11:19 AM
#2002
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Joined: Apr 2019
Posts: 276
Likes: 1
So for people here more experienced than I am in contract negotiations is losing like 58% of your new hire FOs enough leverage to increase first year pay?
09-11-2022 | 12:00 PM
#2003
Banned
Joined: Jul 2021
Posts: 551
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Forgetting the merger for a moment, the current contract is up for review. If Spirit were to continue as a stand alone company, there are many sections of the contract we would want to review or negotiate changes and that can take months of back and forth following well documented procedures. If the company recognizes at this moment pay shortfalls are driving excessive attrition, the NC could work a temporary agreement to raise pay, but we would not just sign off on a first year increase to stem their retention issues and then drag out further negotiations. Instead they would seek an across the board increase, and then some type of language that says if the merger doesn’t happen we go back and reevaluate pay and any other sections for a stand alone NK contract.
09-11-2022 | 01:08 PM
#2005
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Joined: Jan 2018
Posts: 2,837
Likes: 278
This scenario has never happened, but logically, you would assume that the company would want to engage in bargaining that helps retain pilots.
09-11-2022 | 04:28 PM
#2009
Gets Weekends Off
Joined: Oct 2017
Posts: 3,469
Likes: 44
Why are Spirit new hires not getting a proper union dinner anymore????
we went from white table cloth steak dinners to take-out from Schlotzsky’s…
09-11-2022 | 04:32 PM
#2010
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Joined: Jun 2019
Posts: 1,284
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What I DO care about is how many people are forced to accept the job without being told up front what they pay and benefits are……
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