PPRuNe Forums - View Single Post - Brookfield pay for Ryanair cadets?
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Old 18th July 2007 | 17:39
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alex111
 
Joined: Apr 2007
Posts: 46
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From: London
€€€

To vector3:

To calculate the brookfield part here's what I did:

Used an avg of 800 hrs a year.

With this in mind I used for the first 3 months, a gross salary of €15000 for the line training.

After the LPC we jump to €55,50 per hour since <500hrs... time period on this salary around 6.5 months (using the 800hrs a year)...

Then as soon as 500 hrs are reached but with less than 1500hrs we pass on €65,50 an hour and so on...

I used 20 months so that I wouldn't get into a senior first officer pay scale, since after 20 months one should be just below 1500hrs.

For the Brookfield taxation, I averaged what was made the first year, and applied IRISH taxes, and then for the next 8 months and applied taxes over that period of time.

For the RYR contracts, I used what is written on ppjn.com regarding increase of pay scale and sector pay. In this case I applied UK taxation. Same concept as above.

If anyone wants the excel program I made I would be more than happy to send it.

Alex.
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