A reasonably experienced full time North Sea Captain, (12 years seniority) is costing his employer circa £365 per working day including employment costs (Salary X 1.2). He/she is protected by all sorts of employment laws and in the event of redundancy, is likely to receive a reasonable package. Any Captains on a day rate on the North Sea should be invoicing for at least £500. The employer must pay for the flexibility he gets in being able terminate at will with no cost. It is about time the pilots (in conjunction with BALPA ) stopped undercutting each other and come up with standard charges for day raters.
See that pig flying overhead ??