ASA Bonus

[SLUF4]

Alright..i didn't think so, but checked my last bonus check and they did it there too so I thought maybe I was wrong. I'll give it a shot-I'm sure they'll tell me I'm wrong.

 

[Long Time Gone]

You can put it in your 401k and defer the taxes, get the company match, and for now at least avoid ALPA dues.....

That's what I did. I got sick of the tax rate even though I'll get a portion of it back at the end of the year.

 

[sweptback]

Why do they take out for medical insurance on the bonus check? Isn't that a set amount each month?

You're not talking about medicare ins. are you? That's standard.

 

[SLUF4]

Oops; yeah I see it now. I just saw it said Employee Medica so I figured it was insurance. Thanks for the info-it saved me a phone call

 

[cksport]

Why do they take out for medical insurance on the bonus check? Isn't that a set amount each month?

There should be no deductions out of any check you receive with the exception of taxes, Medicare, and SSI unless your contract states other deductions apply (such as dues). And yes, the tax code rapes you on bonus checks! Best option is to dump 100% into your 401K (tax-deferred) and enjoy the company match!

 

[rightseatjocky]

Hear, hear! Sounds like you are a good captain. Also, I'll bet that the crew worked better together the next day. (Once the hangover dissipated, that is... :beer: )

3 dollar beers before the 1st inning. Yes, we had a pretty good time. Thanks ASA for the free money!!!
We all earned it. :smash:

 

[Stifler's Mom]

Are the probationary pilots still excluded from the bonuses?

 

[viper548]

You have to be with the company for 1 year to start getting bonuses. It's that way for all employees

 

[Long Time Gone]

Hear, hear! Sounds like you are a good captain. Also, I'll bet that the crew worked better together the next day. (Once the hangover dissipated, that is... :beer: )

I don't know about "good captain".:nuts:

Careful or his head will get bigger.

Nice guy for sure though.imp:


Side note: Before you all start bashing me, RSJ knows who I am and he knows I'm goofing around.

 

[rightseatjocky]

LoL nice, long time..
Thanks though.

 

[auspac]

3 dollar beers before the 1st inning. Yes, we had a pretty good time. Thanks ASA for the free money!!!
We all earned it. :smash:

You did earn it. Not free money!

 

[Nevets]

We never had it before Skywest....not with ASA or DAL......Skywest believes in actually making the employees part of the success...and it works....

Skywest did unilaterally improve the formula to put more money in our pockets....

In addition, Skywest made the first real improvements in the operation to make these performance numbers possible.....Both the employees and management get kudos.....

What exactly is the formula?

 

[sweptback]

What exactly is the formula?

80% -- ASA's profit margin multiplied by your wages for that quarter
20% -- 4 categories, D-0, completion, A-14, and customer complaints. This paid out a little under $300 I do believe.

 

[Nevets]

80% -- ASA's profit margin multiplied by your wages for that quarter
20% -- 4 categories, D-0, completion, A-14, and customer complaints. This paid out a little under $300 I do believe.

What I'm asking is what is the formula that is used to come up with the number $300. And how is that made to come up with 20% of your bonus?

 

[sweptback]

What I'm asking is what is the formula that is used to come up with the number $300. And how is that made to come up with 20% of your bonus?

It's all black magic voodoo. I don't ask too many questions. Depending on whether we get "good" "better" or "excellent" in each category we get more money. I have no idea how they determine the numbers.

 

[JoeMerchant]

What I'm asking is what is the formula that is used to come up with the number $300. And how is that made to come up with 20% of your bonus?

What is it at ExpressJet?

 

[Nevets]

What is it at ExpressJet?

I'll give you a round number: 0 :laugh:

This is precisely why I ask. I would like to see XJT get something along the lines that ASA/SKW gets in performance bonuses. That is why I'm interested in the actual formula. Do you know how its calculated? Please share it!

 

[JoeMerchant]

Sweptback posted most of it...

The 20% has 4 parameters and 3 tiers of performance to meet.

The 80% has he said is profit margin multiplied by base pay.

Skywest always did this with their employees....ALPA was initially opposed to the idea, but came around later.

 

[Nevets]

Sweptback posted most of it...

The 20% has 4 parameters and 3 tiers of performance to meet.

The 80% has he said is profit margin multiplied by base pay.

Skywest always did this with their employees....ALPA was initially opposed to the idea, but came around later.

The three tiers are "good," "better," and "excellent?" What are the delineation points between the three tiers? And how do these three tiers translate to a dollar amount?

 

[Andy Neill]

The standards for the three levels are variable in relation to the current goals for the quarter. If you meet a criteria, that is worth $25, if you exceed a higher criteria it is $50 and if you exceed by a wider margin, you get $75 for that criteria. One of the four areas has two subparts worth $12.50/$25.00/$37.50 each. The standards are not unachievable but the $300 max is a real challenge.