Hi to all,
I have received an offer for DEC in RYR.
At the meeting with Ryr they gave as a choice of contract or permanent.
But not to many details about difference. Of course the main advantage for contract are the money.
To understand contract it's easy 145eur per hour. Thats all. So if I multiply by let say average 75hr/month 10800eur gross. Now come hard part - after irl tax and base country social I was told it is around 6000-7000eur. (also Ryr captains say that is more or less that amount of cash in your pocket every month). Huge disadvantage it is through your own Ltd company. So if you brake your leg for example no money on your account for some time.
Permanent is little bit different. Basic gross around 60k eur. Paid from the first day. Then yearly allowance around 12k eur- for pension and annual (do I get it in cash or It's just what ryr will pay for me??). Block hr 45eur - but you have extra pay for holiday and day off.
Your vac days are paid by ryr.
So what will be net for permanent position??
Of course there are some pros and cons between permanet and contract like ilness, pension, holiday pay etc.
But when I spoke with capt. who signed permanent and he get first salary he was somewhat disappointed (ground school only no flight time). Other says that some guys are very disappointed about money on permanent and If they had a choice they would take a contract.
I understand the difference between social security with permanent and contract, but I'm not looking forward to get pay check with 3000 per month with promise that someday somehow In some future I will get my pension.
I will be very grateful for some hard numbers (euros, dolars or pounds
)