EASYJET FO TAKE HOME PAY(AFTER PAYRISE)
Join Date: Jul 2006
Location: EGCC
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So, bottom line. Think carefully about the Company you join, your reasons for doing so and the implications both financial and career wise of your choice. But please don't slate other people for the choices they make - we're all individuals.
Its dynamic out there, only thing that may be a problem is any bonding, but we are in a situation of recovery in the UK. Not having airlines dropping like flies, as some of our colleagues across the pond where some are in dire straits!
This may help the orginal question:
Easy pay Scales Flightdeck
[QUOTE=stansdead;2622565]jb5000Join Date: Aug 2005
Location: Palma
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Great post
In common with many threads about easyJet there are some uninformed postings here that really do not address the question. I will endeavour to provide an answer although it will inevitably not be complete. Apologies to readers who may have read an earlier contribution I made to a debate about Rayanair and easyJet as the info is largely a copy of what I wrote there.
The situation for FOs is complex, in that there are different schemes for joining easyJet and your pay depends on which one you join on. I am not a recruiter and therefore cannot tell you exactly which scheme would be offered. I can say, however, that right now we desparately need jet-experienced pilots and therefore if you have an unfrozen ATPL and jet experience you are likely to join as an SFO(2). An SFO(1) is a Senior First Officer who joined before a certain date and would therefore get about £3k more per year - that option no longer exists so if you are not in easyJet now you can ignore it. There are 2 other ways of joining. The first is as a low-houred (200 hours approx) cadet and they are paid very little (1000 net for first 6 months and a bit more after that). It is actually quite a good deal in that people with virtually no experience get a chance to fly a jet which they otherwise would never have the opportunity to do. The other scheme is the dreaded TRSS (Type Rated Sponsorship Scheme) where essentially you get paid £5000 less for the first 5 years to effectively pay off the cost of your type rating. Typically if you have turboprop experience and little or no jet time that is what you would be offered. To complicate matters further you get paid 90% for the first 6 months and if you are employed as a First Officer (ie frozen ATPL) you will be paid less again. As you can see the picture is quite complex.
As I have already stated, easyJet employ FOs under various contracts. Therefore the specific case I am quoting is an SFO(2) - ie unfrozen ATPL and some jet time, after 6 months service and after October 2006. Your basic pay would be £44,740 plus uniform allowance of £208 making £44,948. On top of that you will get £14.18 per sector of which £7.80 is tax free. If you gross that up it is £19.38 per sector. If you work on 500 sectors per year then your effective pre-tax gross would be £55,063. Using Microsoft Money to calculate UK tax and NI, that equates to £3,220 per month net (variable depending on your tax code) assuming you put nothing into the pension scheme. FOs will now all get a one-off annual 'loyalty bonus' payment of 5% of basic after 3 years' service which is worth £1,342 per year net or effectively £112 per month on average (it is paid in a lump sum on the anniversary of joining). SFOs will also receive 7% pension contributions which are worth £3,132 annually into the fund. I hope that helps.
To those of you who think their experience puts them somehow above working for easyJet, I wish you well but am delighted you will not be joining us. My working day is usually spent with top quality FOs who have a great attitude and I would not want that to change. Sure, there are plenty leaving to BA, Virgin etc - but there are also a whole lot more staying. There are a number of problems with working for easyJet, but if we are honest there are problems in working for BMI, BMI Baby, My Travel, Thomson Fly, GB Airways, Monarch, First Choice, Astraeus, Jet2 etc, etc. Although there is clearly a huge amount to be done, I am of the view that the future at easyJet is bright. It is not for everyone, but it is a whole lot better than many out there would have you believe.
The situation for FOs is complex, in that there are different schemes for joining easyJet and your pay depends on which one you join on. I am not a recruiter and therefore cannot tell you exactly which scheme would be offered. I can say, however, that right now we desparately need jet-experienced pilots and therefore if you have an unfrozen ATPL and jet experience you are likely to join as an SFO(2). An SFO(1) is a Senior First Officer who joined before a certain date and would therefore get about £3k more per year - that option no longer exists so if you are not in easyJet now you can ignore it. There are 2 other ways of joining. The first is as a low-houred (200 hours approx) cadet and they are paid very little (1000 net for first 6 months and a bit more after that). It is actually quite a good deal in that people with virtually no experience get a chance to fly a jet which they otherwise would never have the opportunity to do. The other scheme is the dreaded TRSS (Type Rated Sponsorship Scheme) where essentially you get paid £5000 less for the first 5 years to effectively pay off the cost of your type rating. Typically if you have turboprop experience and little or no jet time that is what you would be offered. To complicate matters further you get paid 90% for the first 6 months and if you are employed as a First Officer (ie frozen ATPL) you will be paid less again. As you can see the picture is quite complex.
As I have already stated, easyJet employ FOs under various contracts. Therefore the specific case I am quoting is an SFO(2) - ie unfrozen ATPL and some jet time, after 6 months service and after October 2006. Your basic pay would be £44,740 plus uniform allowance of £208 making £44,948. On top of that you will get £14.18 per sector of which £7.80 is tax free. If you gross that up it is £19.38 per sector. If you work on 500 sectors per year then your effective pre-tax gross would be £55,063. Using Microsoft Money to calculate UK tax and NI, that equates to £3,220 per month net (variable depending on your tax code) assuming you put nothing into the pension scheme. FOs will now all get a one-off annual 'loyalty bonus' payment of 5% of basic after 3 years' service which is worth £1,342 per year net or effectively £112 per month on average (it is paid in a lump sum on the anniversary of joining). SFOs will also receive 7% pension contributions which are worth £3,132 annually into the fund. I hope that helps.
To those of you who think their experience puts them somehow above working for easyJet, I wish you well but am delighted you will not be joining us. My working day is usually spent with top quality FOs who have a great attitude and I would not want that to change. Sure, there are plenty leaving to BA, Virgin etc - but there are also a whole lot more staying. There are a number of problems with working for easyJet, but if we are honest there are problems in working for BMI, BMI Baby, My Travel, Thomson Fly, GB Airways, Monarch, First Choice, Astraeus, Jet2 etc, etc. Although there is clearly a huge amount to be done, I am of the view that the future at easyJet is bright. It is not for everyone, but it is a whole lot better than many out there would have you believe.
Last edited by susoal; 5th Sep 2006 at 16:53.
