know what you're applying for....
silverknapper, yes that is a good observation.
Those who join package is:
PPY50 - so that means full time May 1st - October 31st
Winter 2 weeks on, 2 weeks off
Pay is 81.3% spread over 12 months of standard salary for 5 years or unless made full time before that (not likely).
Full Time figures
FO £55,435 (1500 hours and 500 jet)
SO £44,348
81.3% for PPY50 (part paid year 50%)
new joiner SO - £36,054
New joiner FO - £45,068
Training Fees
£7k deducted (for training, even if rated)
so becomes
FO £38,068
SO £29,311
for first year of employment.
Monthly Take Home - Year one
A pilot with a standard 15/16 tax code of
FO MONTHLY £2,414
SO monthly £1,918
Over the summer there will be Duty Rig (hourly rate of £8.97 for FO or £7.17 for SO per flying hour) about £700 and basically also add about £3.80ish per hour for duty hours, works out combined total about £700-£1000 per month-ish (before tax).
(These figures are taxable, paid a month in arrears (so pay packet for June - Nov will be higher than Dec-May payments)
Duty Rig and Allowances are not pensionable and productivity based so no fly, no earn.
As mentioned above on 737 fleet assume next to nothng on duty rig and allowances over winter.
Pension - employee pays 3.5% employer USED TO BE 15% but that's a really bad news story the company tried to reduce new joiners employers contribution from 15% to 7% for this years new joiners (after they had given notice elswehere and didnt tell them). That decision has since been reveresed following intervention but only for pilots who have already joined - they have stated they WILL be doing this for new joiners from here on in - 7% pension, that is awful, whether that remains depends on the willingness of the union and company to fight ! But plan on that and there are no nasty surprises.
salary scales for 5 years are below, figures in brackets are the PPY50-81.3% (new joiner figures) of the figures below, there are further reductions for type rating if they go down the non rated route.
SO - 44,348 (36,054)
FO basic 55,435 (45,078)
FO after 5 years in rank - 60,765
FO after 5 years in rank and command suitable 66,095
To Jump From SO to FO need 1500 hours & 500 Jet Hours
*note the "in rank" element of the scales, so if you took 2 years to get from SO to FO and reach 1500 hours you then only just qualify the "in rank" as an FO, so in that example it would take 7 years before triggering the "FO after 5 years in rank" by the wording, no one has reached that point on new scales yet so it remains to be seen how they apply it.
After 5 years length of service the 81.3% is removed and you must be offered full time (you don't have to take it)
If that seems ok to you, then at least you know what the package is. They didn't have enough applicants or a high enough calibre in the last round, perhaps this is grounds to negotiate on the year one training fee if the same happens this year and they cant get enough because of the poor pension.
oh and just to add, if they go down the fixed term contract route like they have a few times (employ you from May - October and suggest there is a chance of a permanent job after) , it is the same terms just for the summer, BUT seek clarification of whether they will deduct the entire £7k for line training for the 6 month contract....I believe they do, OUCH). They didn't keep on the last lot of fixed term pilots, just binned them off after summer.
Last edited by Weakness; 1st May 2015 at 17:51.