Netjets 1st year pay

[IFLYASA]

For the 1st year guys/gals, what is your average "take home" pay in the first year. I know this will vary depending 401k/dependents/etc...I assume you get a normal check, then another check with per diem and extras

Thanks!

 

[CA1900]

For the 1st year guys/gals, what is your average "take home" pay in the first year. I know this will vary depending 401k/dependents/etc...I assume you get a normal check, then another check with per diem and extras

Per-diem and expenses are handled completely separately, and by a separate department. A 7-day tour, of maybe 150 hours at work, will get you $255 in per-diem. 26 of those is $6630. This assumes all domestic trips at $1.70 an hour. International is $2.50 an hour.

I don't consider per-diem to be part of my income, so it won't be included in the pay information below. Treat it like gravy. If you have some left over at the end of the week (and with crew meals, you surely will), use it for something fun.

First year 7/7 salary is $56,875. Once you're done with training, you'll be on that unless you bid for one of the other schedules, but let's assume you'll go to 7/7 when you can. When you're in training, you'll be at the 18-day pay, so let's assume 3 months' worth of that, to get done with IOE and such. So 3 months at $69,188/yr, and 9 months at $56,875, get you $59,953, plus health, dental, and medical at a $0 premium.

Historically, folks have been able to plan on about 10% more than this for overtime, holidays, extended days, etc. Since our new schedules are a little more efficient in the use of crews, I'd probably put that number at about 5%.

 

[av8tordude23]

Which schedule programs are going senior and which are going junior?

Is hiring still going strong?

What is the break down on the pilot pool that were hired recently?

 

[IFLYASA]

Sounds good CA1900. I'm trying to get an idea of take home monthly pay for the first year. Anyone out there still in their first year with the 18 day pay schedule?

 

[fischman]

If you run a search, all of this info has already been discussed at length. Here's how the schedule works.

The default schedule is the 7&7. 7 on. 7 off. If you do not bid, this is what you get. The base salary is $56,875.

The company MAY CHOOSE to put as much as 10% of the pilots in fleet/seat on the 15 day flex schedule. If you want this schedule, you have to bid for it and it is the ONLY schedule you could get junior manned to. On this schedule You do not have scheduled days off the month prior. The maximum tour length is 5 days with a mandatory 3 days off after ANY LENGTH of duty. So if they call you out to repo a plane on the field, and release you then you get 3 days off. (That will never happen BTW). Maximum work days in a month are 15. There is a 10% premium in pay over the 7&7. Base salary is $62,563.

The 18 day fixed schedule is another one you have to bid for. A maximum of 40% of your fleet/seat can hold the 18 day. A preferential bidding system is scheduled to be in place to give the company preferences as to specific days off, tour lengths, and whether you want the tours to be weighted toward the beginning or end of the month. You have to put in your preferences for your schedule the month prior to the award. For example, the awards are always posted on the 15th of the month prior, so the awards for March would be posted February 15. Your preference needs to be submitted by January 31 for March schedule. When you START IOE, you will be placed on the 18 day as a better opportunity for the company to pair you up with an IP. A maximum of 10% of the pilot in fleet/seat may leave the 18 day fixed in a given bid period. There is a 20% premium over the 7&7. The base salary for the 18 day is $69,188.

FWIW, I'm in the bottom 5% in my fleet, and I am on the 18 day. In your first year, you will probably be able to hold everything you want except for the 15 day. It's not that it is a senior schedule, it's just that there is only a 10% MAX that is allowed on it. The seniority on this schedule has a pretty wide spread.

 

[fischman]

Which schedule programs are going senior and which are going junior? Read above

Is hiring still going strong? We will be conducting interviews every day in April. We have only been recommending 35% of the applicants for hiring. Have you game face on if you want in.

What is the break down on the pilot pool that were hired recently? 50% 121, 50% 135, 50% Military, 50% 91. Honestly, this doesn't matter. If you meet the minimums (which can be found on www.netjets.com); the break down is those with a good sense of safety and EXCELLENT customer service skills get hired. (35%). Those who don't get to reapply (65%).

I hope all this helps.

 

[fischman]

Before you even ask, there are 100 crew bases spread throughout the country. Use the search function to find them. You don't have to bid for it. You tell the company which one you choose. This is where you begin and end you tour. You may change you crew base every 30 days.

 

[Willy21]

Sounds good CA1900. I'm trying to get an idea of take home monthly pay for the first year. Anyone out there still in their first year with the 18 day pay schedule?

Second year 18 day is about $2100 bi-weekly after taxes without o/t hloliday, perdiem... First year is probable close to that. My guess would be around $2000 take home.

 

[IFLYASA]

Second year 18 day is about $2100 bi-weekly after taxes without o/t hloliday, perdiem... First year is probable close to that. My guess would be around $2000 take home.

Willy, that's what I'm looking for. For example, I'm 9th year payscale at ASA. 98.5 hours with per diem, 10% 401k, and 0 dependents, gives me around $4700 a month take home. I've done all the research but just neded some hard numbers. Nobody beats first year like Netjets. Amazing.

If you are saying roughly $2000 bi-weekly, not counting per diem, that's right at my pay on a good month. Absolutely amazing. Does this include a 401k percentage?

 

[Willy21]

That is no 401K and filing as a single, non-married with out kids. Just a ball park number. That is as low as it gets. There have been checks closer to 3500 with o/t, after midnight and holidays. Sucks to get home afte midnight until pay-day comes around.

98.5 hours, ouch. I think I have not flown 50 hours in the past 2 months.

 

[T-1GUY]

As a new guy, do whatever it takes to max out the 401k of $15,500 for the year. The company will match through out the year, with a true-up at the end of the year. Without going into details, the end result is a company match of $7,750 into your 401k. I used savings to live on, to get that match while supplementing my check with a part-time job. This was prior to the new contract. IBB was a blessing and now I don't work quite as hard. I hope a little hard work now, pays off with a good retirement....

 

[IFLYASA]

That is no 401K and filing as a single, non-married with out kids. Just a ball park number. That is as low as it gets. There have been checks closer to 3500 with o/t, after midnight and holidays. Sucks to get home afte midnight until pay-day comes around.

98.5 hours, ouch. I think I have not flown 50 hours in the past 2 months.

Actually that's 98.5 credited, and around 85 hours flown. My numbers are married, no kids, 10% 401K, and insurance for me and my wife. $3500!! Wow. Maybe ond day I'll be a Nejetter..

 

[IFLYASA]

As a new guy, do whatever it takes to max out the 401k of $15,500 for the year. The company will match through out the year, with a true-up at the end of the year. Without going into details, the end result is a company match of $7,750 into your 401k. I used savings to live on, to get that match while supplementing my check with a part-time job. This was prior to the new contract. IBB was a blessing and now I don't work quite as hard. I hope a little hard work now, pays off with a good retirement....

Right on T-1 guy. That is very smart investing. Good for you.

 

[Ultra Grump]

...18 day fixed ...There is a 20% premium over the 7&7.

Not exactly. 1st yr FO 7&7 daily rate is $312.50. 18-day daily rate is $320.31, or a 2.5% premium over the normal 7&7 daily rate.

Another way to look at it would be to look at the daily rate for the extra 2.8 days/month above the normal 7&7 rate and days, or $362.15. A 15.9% premium for just those extra days.

This is one of the biggest letdowns from the IBB. The company wanted the 18-day. We should have gotten extended-day rate for those extra 34 days a year.

 

[blzr]

Willy, that's what I'm looking for. For example, I'm 9th year payscale at ASA. 98.5 hours with per diem, 10% 401k, and 0 dependents, gives me around $4700 a month take home. I've done all the research but just neded some hard numbers. Nobody beats first year like Netjets. Amazing.

If you are saying roughly $2000 bi-weekly, not counting per diem, that's right at my pay on a good month. Absolutely amazing. Does this include a 401k percentage?

9 year capy CRJ $78/hr
ATR $74/hr

9 year F/O Crj $48/hr

????????????????? Are you a captain or F/O? If you are a Capt, you need to see your accountant and find more deductions.

 

[IFLYASA]

I'm a 9 year CRJ200 Captain at $74.18. I claim 1, and pay around $180 for insurance, 2% ALPA dues, and 10% 401K. Yes I could get back more a month. I like the nice tax return check every March. I know that's not the way to do it. I'll change my ways slowly.

 

[Wankel7]

These utilities are great for this sort of thing...

http://www.paycheckcity.com/netpaycalc/netpaycalculator.asp

 

[fischman]

Glad I went through all that effort...

Can't you do simple math??? :smash:

 

[Ultra Grump]

You ought to know better than that.

 

[RedEye1]

A newhire on the 7&7, should look like this:

You will be on the 18 day schedule the 1st 4 months, base $69000. = $23000.

7&7 next 8 months, Base $57000. = $38000.

Holiday pay, daily rate (base divided by 26 divided by 7) x 1.5 = $470., say u work 4 = $1880.

Overtime, hourly rate (daily rate divided by 12) x 1.5 = $39. hr, about 5 hrs per tour = $2700. for 8 months, in training the first 3 or 4 months.

Not back at your base airport by midnight on your 7th day, 2 extended days (3 x daily rate) = $940., plan on at least one = 940.


Total first yr $66,500.

401k match is .50 per 1.00 up to 15% of gross, so add another $5000., $71,500. your 1st yr. if you put 15% into 401k.


For the following years, base salary plus 12% will be close to gross.

 

[IFLYASA]

A newhire on the 7&7, should look like this:

You will be on the 18 day schedule the 1st 4 months, base $69000. = $23000.

7&7 next 8 months, Base $57000. = $38000.

Holiday pay, daily rate (base divided by 26 divided by 7) x 1.5 = $470., say u work 4 = $1880.

Overtime, hourly rate (daily rate divided by 12) x 1.5 = $39. hr, about 5 hrs per tour = $2700. for 8 months, in training the first 3 or 4 months.

Not back at your base airport by midnight on your 7th day, 2 extended days (3 x daily rate) = $940., plan on at least one = 940.


Total first yr $66,500.

401k match is .50 per 1.00 up to 15% of gross, so add another $5000., $71,500. your 1st yr. if you put 15% into 401k.


For the following years, base salary plus 12% will be close to gross.

Nice post Redeye1. Can a new hire stay on the 18 day schedule after IOE?

 

[jtf]

I think only a few captains in one fleet were the only ones who were unable to hold the 18 day schedule when they wanted it. I would guess every new hire will be able to hold it on a bid if that is what they want to stay on after training.

 

[Ultra Grump]

401k match is .50 per 1.00 up to 15% of gross, so add another $5000., $71,500. your 1st yr. if you put 15% into 401k.

This is one area most people only get partly right. The company will match 50% of what you contribute, up to the federal max ($15,500 this year). As an example, if you made $62,000 for the year, and had 25% set as your 401k contribution, your contribution would be $15,500 and the match from the company at the end of the year would be 50% of that. However, each pay period the company would only match 50% of the first 15% you contributed. The rest would be applied as a "catch up" contribution in January of the next year.

So even as a new hire, you can take advantage of the company's contribution up to the federal max, not just 15% of your pay.

 

[flywest]

Holiday pay, daily rate (base divided by 26 divided by 7) x 1.5 = $470., say u work 4 = $1880.

Overtime, hourly rate (daily rate divided by 12) x 1.5 = $39. hr, about 5 hrs per tour = $2700. for 8 months, in training the first 3 or 4 months.

I just wanted to add in my .02 here for people trying to calculate what they are going to make. Plan on trying to get by on just your base pay, and not much more. If you get more than that, then great. What RedEye has posted above is true for the vast majority of the pilots here, but there are exceptions.

For example, this year so far (6 pay periods), I have a TOTAL of 4 hours of overtime, and 0 paid holidays (including upcoming Good Friday and Easter). That is due to the a shift in my schedule for training, and the 7&7 line that I'm on (I think I'm going to get paid for 2 or 3 holidays this year, barring another schedule shift), but it does happen.

With the new contract, overtime seems to be decreasing steadily. I'm not complaining; I prefer to be at home more and work less, but some guys want the $$$$$$.

Good Luck!

 

[Abbey]

Agree. I attain very little overtime. Usually, just on the last day going home. Last tour was 13:50 of duty on go home day. I always start at 8:00 or later on day one and since the fleet I am in doesn't do much flying, (77 hours for 2008) there is lots of sitting in the FBO's. It took a long time for me to get used to it, but I finally beat it into my head that we get paid to be available, not to actually fly.

 

[fischman]

Nice post Redeye1. Can a new hire stay on the 18 day schedule after IOE?

Am I on your ignore list or something?

Please re-read my earlier posts. This and all your other questions have been answered in detail.

 

[flyipilot]

For what it is worth, I am a second year FO based in Tucson. I started at 39k in 09/06. I am on the 18day schedule by choice and really enjoy it. I have had about 5 past midnight returns since Jan and have hit all the holidays. With OT and the extra overnights, I will have grossed $26k by end of March. That is just over $104k a year at the current rate..(which I know will not sustain). So, quite a leap from 39k 6 months ago. (almost a 65k raise). This does NOT include any per diem which has been about 650-700 a month on 18day. I just picked up tomorrow (extra $994..holiday plus extra day) and also sat..($497)..so, almost an additional 1500.

An FO on the 18day will start at about 100k in year 2013...year one. just an FYI.

So, this can be a very rewarding job even at year 2 provided you get a few lucky OT and past midnight returns. Not sure about how others are doing but since this new IBB they seem to be working us more on last day so, you have a better chance of getting home late or busting the 14hr rule. Works for me..

Great pay, awesome guys/gals to work with, fun on the job, new exciting places, free health insureance, free meals (4 a day), tip reimbursement, tons of airline and hotel points, FBO extras (cash and savings bonds..etc..), free uniforms and good allowance, no more jumpseating to work, 100 options on where you can live,..oh, and sleeping in the same house as the worlds richest man.....hmmm, now who wants to work for an airline??

 

[Dr Pepper]

I am on the 15 day and on the X. My checks every two weeks are between 1800-2000 as a first year FO.

I usually get OT on day 1 and not much else. Last tour I got 10 hours of OT on day 1, some pre-8, some greater than 9, and some standby penalties to the company. That is certainly the exception.

 

[old*art]

Grump correct me if I am wrong, but the company only matches 50% of the 15% of the $62,000. You have to earn $100,000 to get a match on the $15,500

 

[On Your Six]

For what it is worth, I am a second year FO based in Tucson. I started at 39k in 09/06. I am on the 18day schedule by choice and really enjoy it. I have had about 5 past midnight returns since Jan and have hit all the holidays. With OT and the extra overnights, I will have grossed $26k by end of March. That is just over $104k a year at the current rate..(which I know will not sustain). So, quite a leap from 39k 6 months ago. (almost a 65k raise). This does NOT include any per diem which has been about 650-700 a month on 18day. I just picked up tomorrow (extra $994..holiday plus extra day) and also sat..($497)..so, almost an additional 1500.

An FO on the 18day will start at about 100k in year 2013...year one. just an FYI.

So, this can be a very rewarding job even at year 2 provided you get a few lucky OT and past midnight returns. Not sure about how others are doing but since this new IBB they seem to be working us more on last day so, you have a better chance of getting home late or busting the 14hr rule. Works for me..

Great pay, awesome guys/gals to work with, fun on the job, new exciting places, free health insureance, free meals (4 a day), tip reimbursement, tons of airline and hotel points, FBO extras (cash and savings bonds..etc..), free uniforms and good allowance, no more jumpseating to work, 100 options on where you can live,..oh, and sleeping in the same house as the worlds richest man.....hmmm, now who wants to work for an airline??

Of course it helps that you are on a busy fleet like the Citation X fleet in terms of getting OT. The XL/XLS and Sovereign fleets are also very busy I am told. Compare that to the Encore/Ultra or Beechjet fleets where you will be lucky to get any OT at all. I have a friend on the Encore fleet out of TEB and he sits around a lot of the time - he's planning to bid Sovereign FO when he gets a chance in order to get more OT. Your fleet type matters if OT is important to you.