Total Rewards.
Look it up.
Total rewards is recognition that pay in itself is not the sole motivator.
It acknowledges that it is both the tangible and intangible aspects of the work experience that contribute to the employees’ sense of engagement and choices in their careers.
Instead of $$$$money, jetBlue thinks that your pay in also made up of
-Culture
-New shiny jets
-A "no furlough policy"
-A moat
-Industry leading PEA
-Blue chips
-An open door policy (but don't go over my helmet!)
-...fast upgrades
-organic growth(wide bodies don't fit at T5)
-anual pay reviews
-2 FSM's
-great Health care
-LOL, LTD, STD that doesn't quit... sort of
-8% retirment contribution... (as long as you don't want profit sharing, but if you take a 5% pay cut, they'll give you 5% more for a total of 13%)
-They hired me with no PIC (not me, but they do do this)
-It's so much better than my regional carrier... (well, duh...)
-No union dues, we have a PVC for free.
-Highest paid E-190 drivers in the world.
-Premium pay (have you seen that 150% over 78hrs) There's a value to that, that they're workin on.
-A pat on the back and company wide recognition for... doing your job. yes a high five is worth somethin.
-CULTURE! ... have we seen this before?
-I'm sure there's more reasons to not get paid$$$$ at jetBlue, but I've had afew beers and it's time for bed.
Insert your substitution for $$$ here:_____________________________