Which would you rather be paid, for doing the same work? $3885 or $13174?
From the AOA update:
G Day Call-Out vs EFP
It is worth spelling out exactly why the Company may try calling someone to work on a G day rather than calling a crew member on reserve. Let’s assume an ICN return is required to be crewed, and for ease of calculations it is a total credit day of 7 hours. The Company has the choice of 2 crew, both SCN1, one of whom is on reserve, and already on 84 hours for the month, whilst the other is on a G day, but has, say, 77 hours for the month.
For a Senior Captain 1, a G day callout costs the company $2625. (2.5% of monthly salary, using SC1). Add to that 7 hours of HDP at $180 per hour (70-84 hour bracket).
This gives a total cost of 2625 + 1260 = $3,885.
In comparison, a SC1 on reserve, sitting on 84 hours, will incur 7 hours EFP.
Now, EFP = EFP Factor x Monthly Basic Salary / 84, so;
EFP in this case = 1.5 x 105,421 / 84 = $1882 x 7 = $13,174.
So if you were running a business, which guy would you choose? So, by working on a G day, you are short selling yourself!