PPRuNe Forums - View Single Post - Future of NetJets (Europe) ?!?
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Old 11th Sep 2008, 16:01
  #95 (permalink)  
south coast
 
Join Date: Mar 2001
Location: UK
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Moonwalker, that grid no longer exists, there is only a starting salary of E95k followed by annual adjustments announced by the OECD.

There is no increase other than for inflation (which means that it is not actually a true increase leaving you with more money).

CL said, 'since the salary increase is based on oecd inflation rate' - CL, I really think you should stop calling it an increase, it is not an increase, it is an adjustment of your salary to make it have the same value as what your original salary was, ie. E95k.

In some cases, it may well turn out to be an actual pay rise, if you live in a country where the actual rate of inflation is lower than the OECD rate then it is a pay rise, but the reverse is also true, if you reside in a country where the inflation is greater than the OECD average, then it is a pay cut in real terms.

Obviously that is not the fault of NetJets, that is just the way NetJets do it.
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