Originally Posted by
Daylight Robbery
Is there not a 18 or 24k retention payment per annum? Or is this just at present and going to disappear?
The retention payment has been rolled into the base salary primarily I believe because where an employee took leave immediately after their retention payment was made their base salary was hyper inflated for their annual leave period. Something to do with how payroll works.
Yet don’t be getting too excited because the incentive flight hour payments are based on the base salary minus the retention figure and are fixed for the term of the agreement meaning over time inflation will degrade the hourly rate for incentive...
What’s more because the retention bonus has been rolled into the base the higher duty allowances such as the flight examiner duty allowance has been reduced from 16% to 15.6% to account for the increase in base salary... better not pay those pesky flight examiners too much lest they get too big for their boots.
Did someone mention cost neutral?