Flight Options Pilots Take Monthly Pay Cut

[Joe Jet Pilot]

Thanks management!!!!!!!!!!!

 

[fischman]

Wtfo???

 

[On Your Six]

Honestly, why do many of those pilots stick around? That ship is sinking faster than the Titanic. The other fracs are trending up while FLOPS is trending down... It was once a highly desirable place to get a job and now people are leaving. If I were a FLOPS pilot, I'd have my apps out to Netjets pronto............

It is painful to watch - I can't even imagine what this slow-death would be like as an employee...

 

[ITFL]

Let the games begin!!!!!!!!!!!!!!!

 

[RNObased]

Please tell me this is a sick joke??? Someone??

If not my heart goes out to the FLOPS pilots and their families.

Details please.

 

[netjetwife]

My sentiments exactly!
NJW

 

[simba]

It's not just the pilots taking it in the face

This time the company is screwing every single employee with the new pay schedule.

Doesn't matter if you're salary, salary non-exempt, or hourly. The company converts your yearly pay into hours for ease of calculation.

Check this out. We all know that 40 hours a week multiplied by 52 weeks equals 2080, right? Well, our fantastic friends in management (M.S. and G.M. - V.P. of H.R.) forgot that.

In the first 6 months of 2007 we have received 6 paychecks (bi-monthly) with 86.67 hours on them and on 4/13 we will start to receive 6 more paychecks (bi-weekly) with 80 hours on each one. You can check the math any way you like, it always adds up to 1000 hours. The last 6 months of 2007 we will receive 13 checks with 80 each = 1040 hours.

WHERE DID THE 40 HOURS FROM THE FIRST 6 MONTHS GO?

The change to a 2 week payroll will save Flight Options $1,500,000. That's just me using the number of active empoyees times 40 hours times an average hourly wage. It is definitely more.

WOW!!!!!!!!!!

Wouldn't you like to put that chunk of change in you bank account?

This "over sight" was brought to G.M.'s attention by numerous people from many different departments. He couldn't see the "error." Just like he couldn't see the "error" in his awesome Holiday Pay plan. He is a "special boy."

Incidentally, regarding that Holiday Pay plan. In case you haven't heard, the "salary non-exempt" folks are given a bank of 48 hours to use over the 6 holidays in the year. Initially it doesn't look bad but take this into consideration: the OCC, OSR, Flight Planning, International, and the entire Maintenance department do not work 8 hour shifts. They will run out of holiday pay on Thanksgiving Day. Since S.M. & G.M. believe everyone likes this plan and refuse to consider a change, odds are very good that there will be an incredible number of people with the creeping crud on Christmas Day. In fact, if I were a betting man, I'd bet the farm on that horse.

 

[bgaviator]

fracs.......

I honestly don't know how any of the fractionals make money. It just doesn't seem like it's a good business model. Let's see, we reposition empty flights 3-4 hours just to cover a trip that's going to take 30 minutes. We'll spend the gas to reposition a plane to another airport that's literally right across the street from where it's currently sitting just because Mr. Preston Prescott III wants to leave from there instead of driving a few more miles down the road. Our planes are constantly breaking because we're running Biz jets as if they were airliners designed to fly those kinds of hours. If we "upset" one of our rich customers for issues out of our control, we'll lose even more money by giving them free flights!
I know Flops hasn't made a profit since its existence...and I truly feel Raytheon is not going to keep shelling out the money to keep them afloat.
And I frankly don't know if the "profits" that NetJets posts are legit or not, because you can sugar coat all the numbers and make them sound good when they're really not when you have a mega company like Berkshire Hathaway.

 

[bgaviator]

fracs.......

I honestly don't know how any of the fractionals make money. It just doesn't seem like it's a good business model. Let's see, we reposition empty flights 3-4 hours just to cover a trip that's going to take 30 minutes. We'll spend the gas to reposition a plane to another airport that's literally right across the street from where it's currently sitting just because Mr. Preston Prescott III wants to leave from there instead of driving a few more miles down the road. Our planes are constantly breaking because we're running Biz jets as if they were airliners designed to fly those kinds of hours. If we "upset" one of our rich customers for issues out of our control, we'll lose even more money by giving them free flights!
I know Flops hasn't made a profit since its existence...and I truly feel Raytheon is not going to keep shelling out the money to keep them afloat.
And I frankly don't know if the "profits" that NetJets posts are legit or not, because you can sugar coat all the numbers and make them sound good when they're really not when you have a mega company like Berkshire Hathaway.

 

[FamilyGuy]

This time the company is screwing every single employee with the new pay schedule.

Doesn't matter if you're salary, salary non-exempt, or hourly. The company converts your yearly pay into hours for ease of calculation.

Check this out. We all know that 40 hours a week multiplied by 52 weeks equals 2080, right? Well, our fantastic friends in management (M.S. and G.M. - V.P. of H.R.) forgot that.

In the first 6 months of 2007 we have received 6 paychecks (bi-monthly) with 86.67 hours on them and on 4/13 we will start to receive 6 more paychecks (bi-weekly) with 80 hours on each one. You can check the math any way you like, it always adds up to 1000 hours. The last 6 months of 2007 we will receive 13 checks with 80 each = 1040 hours.

WHERE DID THE 40 HOURS FROM THE FIRST 6 MONTHS GO?

The change to a 2 week payroll will save Flight Options $1,500,000. That's just me using the number of active empoyees times 40 hours times an average hourly wage. It is definitely more.

WOW!!!!!!!!!!

Wouldn't you like to put that chunk of change in you bank account?

If you went from bi-monthly pay (paid twice a month) to bi-weekly pay (paid every two weeks) then the difference is simple. Bi-monthly means you will get 24 paychecks in a year, bi-weekly means you will get 26 paychecks in a year. (some months you would get 3 paychecks)

The year end numbers would work out the same, but the bi-weekly paycheck would be slightly smaller.

Is this what you are describing, or something else?

 

[FamilyGuy]

And I frankly don't know if the "profits" that NetJets posts are legit or not, because you can sugar coat all the numbers and make them sound good when they're really not when you have a mega company like Berkshire Hathaway.

Sounds like you need to brush up on a recent law called Sarbanes Oxley.

Federal law now requires company executives to sign off on all financial statements and swear that they are a true and accurate representation of the company's performance. If they lie they go to jail.

 

[bgaviator]

fracs......

I didn't know about that law.....sorry
I believe when Raytheon discloses their financials though, you can never really tell how Flops is doing because they list it in the "Other" category.....

 

[FamilyGuy]

I didn't know about that law.....sorry
I believe when Raytheon discloses their financials though, you can never really tell how Flops is doing because they list it in the "Other" category.....

If a conglomerate like Raytheon is reporting financial results by sector and combining the results of several operations into one line item then it does become very difficult to know exactly how any given operation is performing.

You may be able to get more insight by reading the annual report (or searching it for references to "Flight Options"). This is where you will learn more about the individual results.

You'll see the same issue with NetJets results. Berkshire combines the financial results with Flight Safetys when they report, but Buffett frequently talks about each company's performance.

 

[Rez O. Lewshun]

Paycuts means managment failed.

 

[Guitar Guy]

Paycuts means managment failed.

And that someone has to clean up their mess.

 

[Guitar Guy]

I honestly don't know how any of the fractionals make money. It just doesn't seem like it's a good business model.

As suggested, read up on Sarbanes Oxley (aka "Sox"). And for further reading, try this thread: http://forums.flightinfo.com/showthread.php?t=94801

Lastly, do you see Warren Buffett trying to sell off NetJets?

 

[NJAowner]

Bi-monthly and semi-monthly

A Bi-weekly paycheck comes every 2 weeks. A bi-monthly paycheck comes every 2 months. A semi-monthly paycheck comes twice per month. Most state's labor laws require employees to be paid at least twice per month.

No matter when the check arrives the annual pay should be the same.

Fly safe.

 

[RNObased]

Sounds like you need to brush up on a recent law called Sarbanes Oxley.

Federal law now requires company executives to sign off on all financial statements and swear that they are a true and accurate representation of the company's performance. If they lie they go to jail.

Nice work family guy. Someone needed to slap this guy down.

Back to our regular programming.

 

[futurepizzaguy]

I agree with NJAOwner....if the salary is the same...why does it matter how often the paycheck comes? There are many companies that pay now every 14 days....don't think its a paycut though. Am I missing something?

 

[Ultra Grump]

If you do the math, they are indeed shorted 40 hours in a Jan-Dec year. If they were going to make a change like that, they should do it at the beginning of the year, though looking at the dates he described, they are probably basing the change on the fiscal year.

 

[gunfyter]

There is no problem with the pay. Because of the change... 40 hrs from 2007 will be paid in the first check in 2008.

This might make Options books look better for 2007.

To make you feel better they could add another payday on the last Friday in December for just 40 hrs. Then shift the NEXT payday friday from Jan 4 2008 to Jan 11, 2008.

This is Probably what they should do... because many people don't understand there is no real change in pay.

Grump is right. If they had started the new system in january... no one would be confused.

 

[bgaviator]

excuse me?

Nice work family guy. Someone needed to slap this guy down.

Back to our regular programming.

Someone needed to slap this guy down? Are you referring to me? If yes, then why would you make a statement like that? I find it amusing how absolutely no one can post anything on these boards without someone coming along and completely trying to make you feel like crap for your opinion. Opinions are opinions....everyone has one...if you don't like mine, say so and tell me why....but don't go insulting me in the process.

 

[gunfyter]

He was being Facetious

 

[simba]

Still missing 40 hours in the first 6 months

If you went from bi-monthly pay (paid twice a month) to bi-weekly pay (paid every two weeks) then the difference is simple. Bi-monthly means you will get 24 paychecks in a year, bi-weekly means you will get 26 paychecks in a year. (some months you would get 3 paychecks)

The year end numbers would work out the same, but the bi-weekly paycheck would be slightly smaller.

Is this what you are describing, or something else?

I stand corrected. Re: bi-monthly and semi-monthly. However the point is still the same. You're looking at it all wrong.

The company is indeed basing the change in the fiscal year. As well as the way the pay days fall on the calendar. There are exactly two weeks (14 days between the last semi-monthly check and the first bi-weekly check.

There is no problem with the pay. Because of the change... 40 hrs from 2007 will be paid in the first check in 2008.

This might make Options books look better for 2007.

To make you feel better they could add another payday on the last Friday in December for just 40 hrs. Then shift the NEXT payday friday from Jan 4 2008 to Jan 11, 2008…

This is Probably what they should do... because many people don't understand there is no real change in pay.

Grump is right. If they had started the new system in january... no one would be confused.

You are correct in the fact that the last week of Dec 2007 will be paid on Jan 4th, 2008. That was never in question. It has everything to do with the FIRST 6 MONTHS of this year. You will be loosing 40 hours in the first six months.

I’ll break it down again. The FIRST 6 MONTHS look like this:

On March 31st you will have received 6 semi-monthly checks. Each check has 86.67 hours on it. That is a total of 520 hours. The first bi-weekly check is April 13th followed by 5 more. 6 checks with 80 hours on each one for a total of 480 hours.

Even people that attended public schools are taught addition. 520 + 480 = 1000.

1000 hours from the FIRST 6 MONTHS + 1040 from the last 6 months = 2040 hours for the year 2007.

WHERE ARE THE OTHER 40 HOURS ???

No those hours are not the last week in December. We all realize that those hours will be on Jan 4th, 2008's check.

Break out your Calendars and calculators.

 

[frmrBUFFdrvr]

WHERE ARE THE OTHER 40 HOURS ??? No those hours are not the last week in December.

Break out your Calendars and calculators.

If you look at a calender, those 40 hours are the last week of JUNE, which is a full week. Your last pay period in the first six months will end on Jun 22, so the last week week of the month is paid in the first pay period of the second half. And the last week of December will be paid in the first pay period of the next year.

You aren't loosing any money. You just won't have one weeks worth of it on your 2007 tax return because it will be paid in 2008.

 

[gunfyter]

I found the 40 hrs.

But let me show it to you again.

Instead of adding the payday to the last Friday in December as I suggested earlier...

Lets add a payday for 40 hrs to Jun 29. Then the next payday will be Jul 13th. Your last payday of the yr will be Dec 28 instead of the 21st.
=======================================================

The way it stands now you are paid for 51 weeks in 2007 but have one week (40 hrs) owed and not paid until 2008. You'll save on Taxes this way.

If they make the change I suggest you will be paid all 52 weeks earned during 2007. But will have nothing coming to you from 2007 in your first 2008 paycheck

 

[simba]

I found the 40 hrs.

But let me show it to you again.

Instead of adding the payday to the last Friday in December as I suggested earlier...

Lets add a payday for 40 hrs to Jun 29. Then the next payday will be Jul 13th. Your last payday of the yr will be Dec 28 instead of the 21st.
=======================================================

The way it stands now you are paid for 51 weeks in 2007 but have one week (40 hrs) owed and not paid until 2008. You'll save on Taxes this way.

If they make the change I suggest you will be paid all 52 weeks earned during 2007. But will have nothing coming to you from 2007 in your first 2008 paycheck

OK... I thought that would explain it too. However, if you look in the Flight Options Employee Handbook (as well as a few SOP's) you will find that we are paid to date. G.M. has verified this and has said that it will always be that way. Our pay schedule is not one week behind or a pay period behind like everyone else in the free world. That means that the hours you worked yesterday you were paid for today.

Once I discovered that, only then did I understand that they are STEALING 40 hours from every employee.

Then I checked my Outlook calender and found that we would indeed be given those 40 hours back... in 2010.

 

[frmrBUFFdrvr]

OK... I thought that would explain it too. However, if you look in the Flight Options Employee Handbook (as well as a few SOP's) you will find that we are paid to date. G.M. has verified this and has said that it will always be that way. Our pay schedule is not one week behind or a pay period behind like everyone else in the free world. That means that the hours you worked yesterday you were paid for today.

Once I discovered that, only then did I understand that they are STEALING 40 hours from every employee.

Then I checked my Outlook calender and found that we would indeed be given those 40 hours back... in 2010.

Ok. I can see there is no reasoning with your anti-management mindset. It doesn't matter if you are paid the next day or the next week, so long as you are paid. It still works out the same. THERE IS NO MONEY BEING STOLEN FROM ANYONE!!! Heck, if you really reason it out, except for that last week, you are getting paid SOONER for everything than you are now. (Your first new payday will be 4/13 instead of 4/15, the next will be 4/27 instead of 4/30, etc.)

If you can't understand this simple math, I hope you have a good FMS or you may not make your next crossing restriction.

 

[Fozzy]

Nothing wrong with a "anti-management mindset".
You gota keep a watchful eye on them. They would knock down old ladies to steal their retirement checks you know!
Or old pilots in our case.

 

[frmrBUFFdrvr]

Nothing wrong with a "anti-management mindset".
You gota keep a watchful eye on them. They would knock down old ladies to steal their retirement checks you know!
Or old pilots in our case.

I'm not saying they shouldn't be watched. But Simba's continued insistence that they are "stealing" (his word) 40 hours worth of pay from every employee when it is obvious that there is no difference in the amount of money someone gets paid is going beyond prudence.