Training Bond
Join Date: Jul 2001
Location: ...in view of the 'Southern Cross' ...
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Mmmm ...
This HAS in the past been covered on this forum in some detail .... try using the search function!
Having said that ... I would imagine that if the subject of a training contract was not mentioned as a condition of your employment offer being accepted AND you were effectively ambushed with one after accepting employment then the company has left itself in a rather sticky situation.
If you now reject the requirement to bond yourself and they then try to take some action against you they surely would be leaving themselves open to legal action.
This may depend on State employment law in the state you work in ... Federal law may also be applicable ... you should get professional advice.
Good luck.
This HAS in the past been covered on this forum in some detail .... try using the search function!
Having said that ... I would imagine that if the subject of a training contract was not mentioned as a condition of your employment offer being accepted AND you were effectively ambushed with one after accepting employment then the company has left itself in a rather sticky situation.
If you now reject the requirement to bond yourself and they then try to take some action against you they surely would be leaving themselves open to legal action.
This may depend on State employment law in the state you work in ... Federal law may also be applicable ... you should get professional advice.
Good luck.
Join Date: Dec 2003
Location: texas
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In practice, enforcing such a contract is extremely difficult, so companies don't spend much effort to collect from someone they know doesn't have the money. Usually what happens is, if you leave before the contract terms are met, they will withhold your final paycheck, citing the contract, and dare you to try and collect it.
Join Date: Sep 2007
Location: The land of the cranberry
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I was bonded on a contract by a school in Florida (that does JAA CPL(H) courses...ahem). Fair enough but I was bonded for 5 months past the end date of my via on the chance that I might get a green card in time. I didn't.
They promised me my job back but when it came to it, I didn't get it back. I'd love to know the legalities of this!!
They promised me my job back but when it came to it, I didn't get it back. I'd love to know the legalities of this!!
Join Date: Jun 2009
Location: Ohio
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Thanks...
...for moving my post to an appropriate topic. Believe it or not, this one didn't appear on my search for "training contracts" as I was not aware to look for the term "training bond". Maybe we need a search Thesaurus function? Anyway, thanks for the help as always.
Join Date: Jun 2014
Location: Globe
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"type rating bond" think carefully when you sign it)Generally: Let's suppose you've found a nice company, and they offer you a "777 type rating bond"
. Of course you agree even if your salary is 3 peanuts). 1 year later you managed to find some other companies with salary of 6-8 peanuts, and you meet all the requirements, but... But now you'll start reading the contract. It says : ...(blah-blah-blah)... you HAVE TO work within this company 3(or even more) years! If you leave before that, you MUST pay the money for type rating(. and if you are not a millionaire, you'll keep on working for 3 peanuts))).P.S. but on the other side: if you really wish to fly that helicopter and become experienced on it, you WILL sign it. You can call "type rating bond" investment to your own future, because once you end that "3 peanuts contract" you'll be free to choose the better companies with more peanuts,better roaster,accomodation etc...
Anyway think twice
What has happened over the years is that contracts are becoming leaner and leaner with less profit available. Contractors are looking for ever more 'clever' ways of ramping up the bottom line by charging for extraneous items, not limited to:
training new pilots, additional qualifications for employees, and so on.
Examples where prices have gone ballistic:
Bonding and Training. Example
New employees of the SAR contract with Bristow are now paying £30k for the privilege of joining them onto a new type with IR.
EasyJet who are shareholders of the training school @ Oxford are charging extortionate fees for their budding pilots to go through their courses there and bonding them to it when or IF they go onto flying @ Easyjet.
Almost all employers now use bonding tactics to get away with not having to pay for enrolling their new employees.
Accountants rule....................................
training new pilots, additional qualifications for employees, and so on.
Examples where prices have gone ballistic:
Bonding and Training. Example
New employees of the SAR contract with Bristow are now paying £30k for the privilege of joining them onto a new type with IR.
EasyJet who are shareholders of the training school @ Oxford are charging extortionate fees for their budding pilots to go through their courses there and bonding them to it when or IF they go onto flying @ Easyjet.
Almost all employers now use bonding tactics to get away with not having to pay for enrolling their new employees.
Accountants rule....................................
Not sure anyone is 'paying' £30k to Bristow to get onto SAR. My company bonds you £30k for three years for a S92 TR but no money changes hands unless you leave before that time.
Join Date: Mar 2010
Location: europe
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so the TR cost is (e.g) 70-80k but they bond you only for 30k, and they consider that 3years of work refund this bond?and during this period your pay is normal, right?
How many hrs of flight could be 3years of contract ?
How many hrs of flight could be 3years of contract ?
CHC in the UK bond new-hire pilots for £50k and 5yrs on a 139. They say 5 yrs but if you read the contract it says £50k over 5 yrs but at the end of yr 5 you still owe £10k so that to me is 6 yrs. ??
CHC Helicopter Services will Bond new hires too, but the reason is to prevent new-hires just going along and getting the type rating then leaving a few weeks/months later. Good business sense to me, but why not give the new type ratings to present staff with seniority??
CHC Helicopter Services will Bond new hires too, but the reason is to prevent new-hires just going along and getting the type rating then leaving a few weeks/months later. Good business sense to me, but why not give the new type ratings to present staff with seniority??
...new-hires just going along and getting the type rating then leaving a few weeks/months later...
GG it would hurt any company.
Hot_Lz, the CHC one is correct, £50k (139 rating) over 5 yrs
Nescafe, at the end of yr 5 you owe 10k. :-
Period from start date……….Repayment amount
less than 1yrs service……….£50k
completion of yr2……………...£40k
completion of yr3……………...£30k
completion of yr4……………...£20k
completion of yr5……………...£10k
completion of yr6……………….Nil
So maybe Im reading it wrong but surely owing £10k at the end of yr5 means im bonded for another yr?
Hot_Lz, the CHC one is correct, £50k (139 rating) over 5 yrs
Nescafe, at the end of yr 5 you owe 10k. :-
Period from start date……….Repayment amount
less than 1yrs service……….£50k
completion of yr2……………...£40k
completion of yr3……………...£30k
completion of yr4……………...£20k
completion of yr5……………...£10k
completion of yr6……………….Nil
So maybe Im reading it wrong but surely owing £10k at the end of yr5 means im bonded for another yr?
Nescafe, at the end of yr 5 you owe 10k. :-
Period from start date .Repayment amount
less than 1yrs service .£50k
completion of yr2 ...£40k
completion of yr3 ...£30k
completion of yr4 ...£20k
completion of yr5 ...£10k
completion of yr6 .Nil
So maybe Im reading it wrong but surely owing £10k at the end of yr5 means im bonded for another yr?
Period from start date .Repayment amount
less than 1yrs service .£50k
completion of yr2 ...£40k
completion of yr3 ...£30k
completion of yr4 ...£20k
completion of yr5 ...£10k
completion of yr6 .Nil
So maybe Im reading it wrong but surely owing £10k at the end of yr5 means im bonded for another yr?
And some company bonds even 'pay off' on an monthly basis, not annually.
Join Date: Dec 2005
Location: South of the Equator
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Cost of EC225 TR?
Just curious what other people have been bonded for EC225 Type ratings.
Mine was just under 20k but I have a feeling that was a mistake (in my favour)
Course was in ABZ
Anyone get charged the same for 225?
Mine was just under 20k but I have a feeling that was a mistake (in my favour)
Course was in ABZ
Anyone get charged the same for 225?