To slow down the exodus, don't you think working 1 month on - 1 month off is a good option to offer right now. You either lose 2 people or gain 1, at least you are keeping one pilot. What would you consider are reasonable package for one off - one on, let me start:
1. To qualify, a Captain with 15 years service in the company and over 50.
2. Half your basic salary.
3. Half the accommodation allowance or be put up in a 4 Star hotel when in DXB - no Premier Inn!!
4. Half the schooling allowance entitlement paid throughout the year with you salary every 2 months.
5. Operate out of your base or get fly as a pax to DXB business class upgradable.
6. Retain all travel benefits.
7. No change to provident contributions.
8. Full medical coverage for you.
9. Sim check, CRM and SEP worked into the month when operating.
10. Retainer on the month off - haven't thought of a figure yet!
11. Overtime kicks in at 78 hours at 1.75 time your hourly rate.
12. Normal hourly flying rate.
Just think, they could work you 600 hours in those months, that's productive!