KA's salary taking a hit
With the assumption of the rumoured 0% raise for the next year , I thought it would be of note to look at the compounded effect of inflation of a typical casic salary at CXHDA.
In 2013 a basic first year captains salary was $xxx.xxx. After assuming an annual inflation rate of 4% , the salary should be origional basic plus hk$23000. The current basic stands at just plus $8000, therefore a loss of $15000 PER MONTH.
Thats HK$180,000 per year that has simply vanished with the effects of inflation.
Local pilots beware. Before you think a 1 or 2 % raise is fine, in exchange for an increase in the Overtime threashold to 82 hours, think again.
The old, wise old B scalers are ring fenced. They sit on huge housing gains, so ultimately, a further 1 or 2 year salary freeze will be of little consequence.
Standard contract guys, its over to you. Good luck.